Cypress' president and CEO TJ Rodgers, pictured, said: "The new Cypress will capitalise on its expanded product portfolio and leadership positions in embedded processing and specialised memories to significantly extend its penetration of global markets, such as automotive, industrial, consumer, wearable electronics and the Internet of Things."
Rogers said Cypress has a dominant position in supplying the automotive sector with capacitive touch sensing controllers and SRAMs for infotainment systems, while Spansion is the leading supplier of flash and MCUs. "The new Cypress will be the number three chip supplier worldwide of memories and microcontrollers to this business," Rogers added. "You can think of the post merger company in terms of the well known equation 1 + 1 = 3 – number one in SRAMs, number one in NOR flash and number three overall."
