M&A Deal Summary

Cypress Semiconductors Acquires IC Works

On April 1, 1994, Cypress Semiconductors acquired semiconductors company IC Works

Acquisition Highlights
  • This is Cypress Semiconductors’ 1st transaction in the Semiconductors sector.
  • This is Cypress Semiconductors’ 1st transaction in the United States.
  • This is Cypress Semiconductors’ 1st transaction in California.

M&A Deal Summary
Date 1994-04-01
Target IC Works
Sector Semiconductors
Buyer(s) Cypress Semiconductors
Deal Type Add-on Acquisition

Target

IC Works

San Jose, California, United States
IC Works manufactured semiconductor products and was a provider of semiconductor fabrication services.

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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 1 of 16
Sector (Semiconductors) 1 of 13
Type (Add-on Acquisition) 1 of 14
State (California) 1 of 6
Country (United States) 1 of 15
Year (1994) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-31 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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