Micron shifts synchronous SRAMs: News from Cypress Semiconductor

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Micron Technology is to transfer its high-performance communications-oriented synchronous SRAM product inventory to Cypress Semiconductor. Micron recently decided to phase out production of synchronous SRAM products at its worldwide operations. To support customers through this transition, Micron is transferring its synchronous SRAM inventory to another quality supplier well positioned to service customers' SRAM product needs.

In announcing the transaction, Jan du Preez, Micron's Vice President of Networking and Communications stated, "We believe this agreement provides the best long-term solution for our customers.

It gives our customers an uninterrupted supply of SRAM devices from a world-class supplier while allowing Micron to redirect resources and focus on our higher volume semiconductor products".

"Cypress is working closely with Micron to provide continuity of all customer support aspects", said Antonio R Alvarez, Senior Vice President for Cypress's Memory Products Division.

"We want to ensure that all of our customers' concerns are addressed in a proactive manner.

This transaction is consistent with Cypress's strategy to serve the communications marketplace and complements our existing position in synchronous SRAMs.

Being the number two SRAM supplier in the world, Cypress is well positioned to provide full support to Micron's customers, ensuring a smooth, uninterrupted transition between the two companies".

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