M&A Deal Summary

Cypress Semiconductors Acquires Anchor Chips

On May 31, 1999, Cypress Semiconductors acquired semiconductors company Anchor Chips for 15M USD

Acquisition Highlights
  • This is Cypress Semiconductors’ 2nd transaction in the Semiconductors sector.
  • This is Cypress Semiconductors’ 9th largest (disclosed) transaction.
  • This is Cypress Semiconductors’ 2nd transaction in the United States.

M&A Deal Summary
Date 1999-05-31
Target Anchor Chips
Sector Semiconductors
Buyer(s) Cypress Semiconductors
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Anchor Chips

United States
Anchor Chips designs and markets peripheral microcontroller chips for Universal Serial Bus (USB), the industry-standard connection that provides plug-and-play interconnect capabilities for PCs and Macs and their peripherals. Mainly optimized for the PC arena, the technology has also penetrated applications such as wireless phones, and could potentially extend to the transmission of full-motion video.

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Buyer(S) 1

Buyer

Cypress Semiconductors

San Jose, California, United States
Category Company
Founded 1982
Sector Semiconductors
Employees7,100
Revenue 2.4B USD (2018)
DESCRIPTION
Entrance to Cypress Semiconductor's corporate headquarters in San Jose, California.
Entrance to Cypress Semiconductor's corporate headquarters in San Jose, California.

Cypress Semiconductor Corporation engineers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress' offerings include its flagship PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. Cypress produces capacitive user interface solutions including CapSense touch sensing, TrueTouch touchscreens, and trackpad solutions for notebook PCs and peripherals. Cypress also produces Universal Serial Bus (USB) controllers. Cypress Semiconductor Corporation was established in 1982 and is headquartered in San Jose, California.

DEAL STATS #
Overall 2 of 16
Sector (Semiconductors) 2 of 13
Type (Add-on Acquisition) 2 of 14
Country (United States) 2 of 15
Year (1999) 1 of 1
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-04-01 IC Works

San Jose, California, United States

IC Works manufactured semiconductor products and was a provider of semiconductor fabrication services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-02 Galvantech

Santa Clara,, California, United States

Galvantech, Inc. designs, manufactures, and markets static random access memory products for personal computers.

Buy -
Mergr

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