Since its founding, Cypress has acted as an incubator for wholly owned subsidiaries which are given a degree of autonomy and has acquired other small technology companies. In addition, Cypress has been an active acquirer of smaller technology companies; since the early-1990s these acquisitions have included:
Timing Technology:
IC Design
IC Works
International Microcircuits Inc.
USB Technology:
Anchor Chips
In-System Design
ScanLogic
PSoC Technology:
Cypress Microsystems
RAM Technology:
Galvantech, Inc.
Cascade Semiconductor Corporation
Simtek Corporation
Ramtron
Radio Frequency Technology:
Alation
RadioCom
Solar cell technology
SunPower (distributed to CY shareholders in 2008 as SPWRB stock)
PowerLight
Image Sensors
Silicon Light Machines
FillFactory (sold to ON Semiconductor)
SMaL Camera Technologies(Sold to Sensata Technologies in 2007)
Datacom/Telecom
Arcus
Silicon Packets
Lara Networks
HiBand Semiconductors
In addition, Cypress has incorporated some of its technology into subsidiaries, in order to speed up development of such products as the PSoC Programmable System-on-Chip (SoC) that integrates analog and digital components with a microcontroller on a single chip to form a complete solution for embedded systems. In November 2011, Cypress also backed a packaging firm called Deca Technologies, Inc.[4]
In December 2014, Cypress Semiconductor merged with Spansion in an all-stock deal worth $1.59 billion. Shareholders of each side will own about 50 percent of the new company, which will keep the name Cypress Semiconductor Corp. The companies valued the deal at $4 billion. They expect it to close in the first half of 2015, and they expect to cut annual costs by $135 million within three years. Cypress President and CEO T.J. Rodgers will be CEO of the combined company, which is expected to have $2 billion in annual revenue. Spansion Chairman Ray Bingham will be non-executive chairman.