Cypress Semiconductor Corp
New Management Puts Marvell Back in Business
Communications semiconductor supplier Marvell Technology (MRVL)—a name that has been in the spotlight for an accounting scandal—is showing signs of revival.
Are Dividends at Marvell Safe?
Increasing capital returns to shareholders is one of Marvell’s (MRVL) management’s main priorities. The company returned $155 million to shareholders in fiscal 4Q17.
Cypress’s 2018 Revenue Reflects Benefit of Business Transition
In January, several semiconductor companies reported YoY revenue declines for the December 2018 quarter.
Gauging the Impact of Restructuring on Marvell’s Wireless Business
Marvell Technology Group’s (MRVL) Mobile and Wireless segment completes its cycle of storing, moving, and accessing data.
What Makes Cypress’s IoT Portfolio Stand Out?
IC Insights estimates that the IoT semiconductor market will reach $30 billion by 2019. Cypress is looking to tap this market through product innovation.
Cypress Stock Soared 12% Yesterday on Takeover Rumors
Cypress Semiconductor (CY) stock closed 12.01% higher on Wednesday at $17.25 on reports hinting that the chipmaker might consider itself a takeover target.
NXP Falls 2.5% on Weak Earnings Guidance
This week’s first semiconductor earnings were those of NXP Semiconductors, which released its second-quarter numbers today.
Automotive Drives Cypress’s Second-Quarter Earnings
Cypress Semiconductor (CY) has been in the news as it is being acquired by Germany’s Infineon Technologies for about $10 billion.
This Week in Semiconductor Earnings: TXN, INTC, and XLNX
This week will see some major semiconductor earnings announcements. Semiconductor stocks are rallying ahead of their earnings releases.
Is the Cypress Deal Financially Attractive for Infineon?
Germany-based Infineon Technologies plans to acquire US chip maker Cypress Semiconductor (CY) for a deal value of 9 billion euros ($10.06 billion). Infineon has agreed to pay $23.85 per share to Cypress’s shareholders, which some analysts consider to be too high.
Will the Cypress-Infineon Deal Face Regulatory Hurdles?
Infineon Technologies is set to buy US-based chip maker Cypress Semiconductor (CY) for $10 billion. The deal is expected to close by the end of 2019 or early 2020 if it receives approval from both the US and China. Both companies’ boards have already approved the acquisition.
How China Could Pose a Threat to the Cypress-Infineon Deal
Infineon Technologies, which is a Germany-based chipmaker, has formed an acquisition agreement to buy US rival Cypress Semiconductor (CY) for $10 billion.
How Did Cypress-Infineon Merger Benefit Deal Advisers?
On Monday, Germany-based Infineon Technologies and California-based Cypress Semiconductor (CY) inked a deal under which Infineon will acquire Cypress for $23.85 per share in cash.
How Will Infineon Acquisition Deal Benefit Cypress?
Cypress Semiconductor (CY) stock rose close to 24% to $22.07 on Monday, nearing an eight-year high after it received a buyout offer from Germany-based chipmaker Infineon Technologies AG for $10.06 billion.
Cypress Stock Soared 24% on Acquisition Offer from Infineon
Cypress Semiconductor (CY) jumped 23.9% on Monday and closed at $22.07 after German chipmaker Infineon Technologies agreed to buy the US chipmaker amid global uncertainty.
Cypress Stock: Analysts Raised the Target Price
Among the 12 analysts covering Cypress Semiconductor (CY), one recommended a “buy,” while 11 recommended a “hold.”
Cypress Stock Rose Due to Buyout Offer from Infineon Technologies
On June 3, Cypress Semiconductor shares rose ~25% in pre-market trade after the company agreed to a buyout offer from Infineon Technologies.
Intel’s IoT and Programmable Solutions Businesses at a Glance
Intel (INTC) has been leveraging its six core technologies to expand in the IoT (Internet of Things) and automotive spaces.
Intel’s Memory Business Was Close to Breaking Even in 2018
Intel’s third-largest business is its NSG (Non-Volatile Memory Solutions Group), whose revenue rose 24.5% YoY to $1.1 billion in the fourth quarter.
When Internet of Things Could Reflect in Semiconductor Earnings
IC Insights forecasts IoT semiconductor sales to grow at a CAGR of 14.9% from 2015 to 2020, with the biggest growth coming from connected vehicles at 32.9%.
Why AMD and Intel Are in the Top 5 Most Volatile Semi Stocks
Short-term investors and traders are interested in highly volatile stocks as they look to profit from strong price movements through options trading.
Which Semiconductor Companies Are Potential Acquisition Targets in 2018?
Analysts at Morgan Stanley and KeyBanc Capital Markets have listed Cypress Semiconductor (CY) as a potential acquisition target.
A Look at Marvell’s Cash and Debt Position
Marvell Technology (MRVL) improved its profitability significantly in the last year by cutting costs and refocusing its research and development efforts on high-margin, high-growth markets.
How Cypress Semiconductor Posted Record Revenues in 3Q17
Cypress Semiconductor (CY) reported record revenues in 3Q17, supported by expanding bill-of-material coverage. Its IoT wireless connectivity grew 80% year-over-year in 3Q17.
Inside the Top 5 Most Volatile Semiconductor Stocks
Intel (INTC) is the world’s largest semiconductor company and also the least volatile semiconductor stock, though it has a beta of 1.23.
Will Dish Network Be Able to Build Out Its Spectrum?
Earlier this year, Dish Network (DISH) was the second-largest buyer at the FCC’s 600 MHz auction, spending $6.2 billion.
Tracing the Impact of the Cypress 3.0 Strategy
Under this strategy, Cypress was supposed to focus on developing and marketing embedded solutions aimed at markets that are growing rapidly.
Microcontroller and Connectivity Business: Cypress’s Growth Driver
Cypress’s MCD revenues rose 8% sequentially to $317.9 million in 1Q17, accounting for 59.8% of the company’s revenues.
Intel’s Debt Analysis for 2017
With a book value of ~$14.20 per share, Intel is trading at a price-to-book value of 2.5x.
Where Is Cypress Positioned in Automotive Semiconductors?
One of the biggest growth markets among semiconductors is automotive, which accounted for 31% of Cypress Semiconductor’s (CY) revenue in fiscal 4Q16.
Behind Cypress’s Product Strategy for NOR Flash
Cypress is witnessing strong growth for its USB type-C ports, but as the market matures and USB-C gets commoditized, it will likely shift focus toward high-margin USB products.
How Much Does Cypress Stand to Benefit from Apple’s and Samsung’s Latest Designs?
Cypress (CY) is rumored to be in the process of securing a smartphone design win for its USB type-C port from Apple (AAPL) and Samsung (SSNLF).
This Is Making Cypress a Market Leader in USB-C
Cypress (CY) is aiming to gain more market share in the USB space with its new USB-C port, a common connector for all electronics devices.
Understanding Cypress’s Tech Roadmap in Automotive
Cypress sees strong growth opportunities across segments in the automotive market, and it wants to boost its automotive revenue by 8%–12% annually over five years.
How Cypress Streamlined Operations Using Market Approach
Cypress Semiconductor (CY) is reducing its manufacturing footprint. Instead, it’s improving fab utilization and optimizing its portfolio.
Behind Cypress’s Offerings in Car Connectivity and Infotainment
Cypress Semiconductor (CY) completed the acquisition of Broadcom’s (AVGO) IoT business in an effort to improve its vehicle connectivity offerings.
Cypress Semiconductor’s Strategy to Improve Gross Margin
Cypress Semiconductor (CY) aims to increase its gross margin from 40.0% currently to 43.0% by fiscal 4Q17 and 47.9% by fiscal 4Q18.
Cypress Semiconductor and Its Cypress 3.0 Model: Earnings Driver?
Over the past year, Cypress shares have risen 60.0%. Growth came after the company met or exceeded its earnings guidance for five quarters in a row.
Why Cypress Semiconductor Restructured Its Business Segments
Cypress has combined its four business segments into two: MCD (Microcontroller and Connectivity Division) and MPD (Memory Products Division).
Inside Cypress’s Strategy to Rule the Embedded Market
Most semiconductor companies are now moving into the automotive and IoT industries to boost growth. Large among them is Cypress Semiconductor (CY).
Synergies from the ON–Fairchild Semiconductor Merger
ON Semiconductor (ON) expects the Fairchild Semiconductor merger to bring in annual cost synergies of $225 million by 2019 compared with just $160 million in 2017.
Where Is Cypress’s Emerging Technologies Division Heading?
Cypress Semiconductor’s (CY) Data Communications and Programmable Solutions divisions, which together account for 51% of the company’s revenue, have been posting losses.
Where Does Data Communications Fit in Cypress 3.0 Business Model?
The addition of Broadcom’s wireless IoT (Internet of Things) business added $62.6 million to the DCD revenue, increasing its size by 250%.
Cypress Depends on Memory Business to Improve Profits
Cypress Semiconductor (CY) is becoming a complete embedded solutions provider.
Is NXP Semiconductors’ High Leverage a Bad Sign?
At the end of 3Q16, NXP’s total debt stood at $9.4 billion, compared to its cash reserve of $1.6 billion, bringing its net debt to $7.8 billion.
Understanding Cypress’s Restructuring Strategy
Cypress Semiconductor (CY) is on track to improve its gross margin to its target model of 50% through restructuring and merger synergies.
Inside Cypress’s Strategy to Improve Its Gross Margin
Cypress reported strong revenues on the integration of Broadcom’s wireless IoT business, which improved its gross margin until the Spansion merger in 1Q15.
Signs of Improvement in Intel’s Cash Flows, Balance Sheet
On July 2, 2016, Intel’s (INTC) cash reserves stood at $17.7 billion compared with debt of $28.6 billion, bringing its net cash balance to -$10.9 billion.
How True Are Cypress’s Acquisition Rumors?
Cypress Semiconductor isn’t the only semiconductor company to have seen a recent change in management.
What Is Cypress’s Growth Strategy for the Mid-Term?
Broadcom’s wireless IoT business earned revenue of $189 million in 2015. At a price of $550 million, Cypress paid 2.9x the IoT business’s trailing sales.
How Will AVGO’s Wireless IoT Affect CY’s Data Communications?
Despite its losses, Cypress Semiconductor continues to expand in the IoT space, and data communication is a key aspect of its embedded products.
Cypress’s Product Portfolio Well-Placed to Tap the IoT Revolution
Cypress Semiconductor (CY) isn’t among the top 10 semiconductor companies in the world, but it’s made the news.
How Broadcom Is Improving Its Earnings Per Share
Broadcom reduced its interest expense to $139 million in fiscal 3Q16 by repaying $1.3 billion in debt and restructuring a certain portion of its long-term debt.
Which Segment Is Most Profitable for Texas Instruments?
Texas Instruments’ Analog segment contributes 62% to the company’s total revenue and is made up of high volume analog and other products.
What Does Intel’s Balance Sheet Say about Its Financial Position?
The Altera acquisition strained Intel’s financial position and the declining PC market and slowing data center revenue increased its inventory.
IoT to Drive Earnings for Xilinx, NXP, and Cypress
Xilinx, NXP, and Cypress are set to report their quarterly earnings for the June 2016 quarter on July 27 and July 28.
Which Industrial and Macroeconomic Factors Are Influencing Qualcomm’s Growth?
Qualcomm expects its core mobile chip business to grow at a CAGR (compounded annual growth rate) of around 8%–9% between 2015 and 2020.
How Did Spansion Merger Synergies Affect Cypress’s Earnings?
Unlike the gross margin, Cypress’ non-GAAP (generally accepted accounting principles) operating margin did not take a hit due to the Spansion merger.
Internet of Things: Growth Opportunity for Semiconductor Industry
Gartner expects that there will be 20.8 billion IoT devices by 2020. IoT devices represent a growth opportunity.
What’s Cypress’s Plan for Broadcom’s Internet of Things Business?
Cypress will integrate the Internet of Things business into its DCD (Data Communications Division).
What Is the Strategy behind Cypress-Broadcom’s All-Cash Deal?
During Cypress’s fiscal 1Q16 earnings call, CEO Thurman John Rodgers explained that Broadcom offloaded the wireless IoT segment for two reasons.
Cypress Said It Wasn’t Competing with Dialog for Atmel Acquisition
Cypress was rumored to have challenged Dialog’s offer for Atmel. Cypress denied the rumors, stating that it had approached Atmel’s board in the past, but had withdrawn from the bid.
What Makes Atmel an Attractive Acquisition Target?
Semiconductor giants look to acquire chip makers with broad portfolios of products serving the IoT space.
Atmel Joined the Semiconductor Consolidation Trend Last Month
Atmel (ATML), a US-based manufacturer of microcontrollers, is an active player in developing advanced semiconductors for Internet of Things devices.