|By Business Wire||
|October 25, 2012 08:15 PM EDT||
Cypress Semiconductor Corp. (Nasdaq: CY) today announced that it will seek a review by the full International Trade Commission (ITC) of the Initial Determination (ID) issued by Administrative Law Judge Charles E. Bullock. The ID found no violation of Section 337 of the Tariff Act of 1930 by GSI Technology, Inc. with respect to the four patents asserted by Cypress. The details of the ID are not yet available. Cypress has also filed suit against GSI in the federal district court of Minnesota (Case No. 11-cv-00789). That case is currently stayed pending the ITC’s final ruling, which is expected in February 2013.
“A finding of no violation in this case is inconceivable,” said T.J. Rodgers, President and CEO of Cypress. “We intend to pursue a review with the full Commission. We will also continue to pursue our suit in federal district court. We will use all of our resources to protect our intellectual property.”
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® 1, PSoC 3, and PSoC 5 programmable system-on-chip families and derivatives, CapSense® touch sensing and TrueTouch® solutions for touchscreens. Cypress is the world leader in USB controllers, including the high-performance West Bridge® solution that enhances connectivity and performance in multimedia handsets, PCs, and tablets. Cypress is also the world leader in SRAM memories. Cypress serves numerous markets including consumer, mobile handsets, computation, data communications, automotive, industrial, and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.
Cypress, the Cypress logo, PSoC, CapSense, TrueTouch, and West Bridge are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.
This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding Cypress’ expected outcome of the pending ITC investigation and other future events and expectations, each of which involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including the actions of the Patent and Trademark Office and other factors listed in Cypress’s most recent reports on Form 10-K, 10-Q and 8-K. The information above speaks only as of the date of this release.