Cypress Semiconductors 4Q07 Update

Revenue posted by Cypress Semiconductor in 4Q was $431 million which represented a decline of 4% q-o-q. The main reasons for the decline was a decrease in Consumer and Computation Division (CCD) and Data Communication Division (DCD). However the Memory and Image Division (MIV) fetched 4% more revenues.

North America was the strongest market with 4% increase in revenues while Europe showed a modest growth of 1%. Asia reported 6% decrease with Japan however showing increase of 2% in revenue.

In the communication space West Bridge was the strongest product which alone fetched $5 million of the total revenues.

During this quarter it shipped 40 millionth CapSense system used in handsets. Cypress Semiconductors also announced programmable peripheral controller product Astoria.