M&A Deal Summary

Parade Technologies Acquires Cypress Semiconductor - TrueTouch Mobile Business

On June 11, 2015, Parade Technologies acquired technology hardware company Cypress Semiconductor - TrueTouch Mobile Business from Cypress Semiconductors for 100M USD

Acquisition Highlights
  • This is Parade Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Parade Technologies’ largest (disclosed) transaction.
  • This is Parade Technologies’ 1st transaction in the United States.
  • This is Parade Technologies’ 1st transaction in California.

M&A Deal Summary
Date 2015-06-11
Target Cypress Semiconductor - TrueTouch Mobile Business
Sector Technology Hardware
Buyer(s) Parade Technologies
Sellers(s) Cypress Semiconductors
Deal Type Divestiture
Deal Value 100M USD

Target

Cypress Semiconductor - TrueTouch Mobile Business

California, United States
Cypress's TrueTouch capacitive touchscreen solutions deliver robust performance and a natural user experience in a broad range of challenging environments with best-in-class waterproofing, noise immunity, passive stylus and glove-touch modes, as well as proximity sensing and face detection.

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Buyer(S) 1

Buyer

Parade Technologies

Santa Clara, California, United States
Category Company
Sector Semiconductors
DESCRIPTION

Parade Technologies Ltd. is a fabless provider of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-23 Fresco Logic

Beaverton, Oregon, United States

Fresco Logic, Inc. is a provider of advanced I/O silicon solutions that deliver highly efficient connectivity such as F-One Aggregation, GoExtreme™ USB 3.1, USB Type-C, Power Delivery and USB Video for next-generation consumer electronics, mobile devices, IoT and industrial applications. Fresco Logic is based in Beaverton, Oregon.

Buy $38M

Seller(S) 1

SELLER

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 4 of 4
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 4 of 4
State (California) 3 of 3
Country (United States) 4 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Spansion

Sunnyvale, California, United States

Spansion, Inc. is a manufacturer, developer, and seller of embedded systems semiconductors. Spansion's flash memory, microcontrollers, analog and mixed-signal products drive the development of faster, intelligent, secure and energy efficient electronics. Spansion is at the heart of electronic systems, connecting, controlling, storing and powering everything from automotive electronics and industrial systems to the highly interactive and immersive consumer devices that are enriching people's daily lives.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 Broadcom - Wireless Internet of Things

Singapore, Singapore

Broadcom Ltd.- Wireless Internet of Things (IoT) includes Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem.

Buy $550M
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