Takachiho and Cypress Extend Distribution Agreement; Takachiho Will Di

    Business Editors/High-Tech Editors

    TOKYO--(BUSINESS WIRE)--March 22, 2005--Takachiho Koheki Co., Ltd. and Cypress Semiconductor Corp. (NYSE:CY) have reached a distribution agreement that will enable Takachiho to sell the complete range of Cypress products to the Japanese market.
    Takachiho, a distributor of high-performance CMOS image sensors, began selling Cypress products when Cypress acquired FillFactory in August 2004. This new agreement will enable Takachiho to add many other Cypress products to its distribution portfolio, including Fast SRAMs and other high-bandwidth memories, USB devices, timing technology solutions, physical layer devices, framers, network search engines, and PSoC(TM) programmable mixed signal arrays.
    "Takachiho has a very successful track record representing our CMOS image sensors in the Japanese market," said Michael Bollesen, managing director of sales for Cypress in Japan. "The company will help Cypress extend this line into commodity products such as digital still cameras and cell phones."
    Hidehiko Yamamura, president of Takachiho, said his company expects to achieve 500 million Yen in Cypress sales this year. "By expanding our Cypress product portfolio to include USB and SRAM products, where Cypress is already a market leader, we believe we will be able to make complementary product sales to existing customers and grow our customer base," he said.

    About Cypress

    Cypress solutions are at the heart of any system that is built to perform: consumer, computation, data communications, automotive, industrial, and solar power. Leveraging a strong commitment to customer service and performance-based process and manufacturing expertise, Cypress's product portfolio includes a broad selection of wired and wireless USB devices, CMOS image sensors, timing solutions, network search engines, specialty memories, high-bandwidth synchronous and micropower memory products, optical solutions, and reconfigurable mixed-signal arrays. Cypress stock is traded on the New York Stock Exchange under the ticker symbol CY. More information about the company is available online at www.cypress.com.

    About Takachiho

    Takachiho Koheki Co., Ltd. (TSE First Section: 2676), founded in 1952, has made its mission as a technology trading company specializing in electronics to introduce cutting-edge, world-class products to the Japanese market. Representing a commitment to both product and service excellence Takachiho Koheki combines industry-leading products with customer service. Takachiho Koheki's main business includes exports, imports, sales, installations, and maintenance services including system designs and outsourcing services of system operations in the fields of information network systems, security systems, semiconductors, and structural precision parts.

    CMOS (Complementary Metal Oxide Semiconductor) is a logic circuit that combines N-channel MOS FET and P channel MOS FET. CMOS image sensors feature lower power consumption and single voltage operation, compared to traditional CCD sensor solutions, enabling integration with peripheral circuits.

    Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners.

    This press release contains statements that are not historical facts, but are forward looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipates," "believes," "expects," "future," "estimates," "plans," "intends" and similar expressions to identify forward-looking statements. Such forward-looking statements regarding the future prospects of Cypress and the semiconductor industry more generally, Cypress's anticipated revenue and operating results, and customer demand for Cypress products are based on management's current expectations as of the date of this release. Our actual results may differ materially due to a variety of uncertainties and risks, including those described in our filings with the Securities and Exchange Commission. Cypress cannot provide any assurance that its results will meet expectations, or that it has identified all of the risk factors that might materially affect such results. We assume no responsibility to update any forward-looking statement.

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CONTACT: Cypress Ed Rebello, 408-545-7665 ewr@cypress.com or Takachiho Koheki Public and Investor Relations, +81-3-3355-1189 webmst@takachiho-kk.co.jp

KEYWORD: CALIFORNIA TEXAS MINNESOTA JAPAN INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING HARDWARE SOFTWARE MARKETING AGREEMENTS EDA SOURCE: Cypress Semiconductor Corp.

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