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Cypress sells MEMS subsidiary to Dainippon Screen

Posted: 03 Jul 2008 ?? ?Print Version ?Bookmark and Share

Keywords:MEMS subsidiary? acquisition? programmable solution?

Japan's Dainippon Screen Manufacturing Co. Ltd (DNS) has acquired Cypress Semiconductor Corp. MEMS solution subsidiary Silicon Light Machines (SLM). The acquisition will make SLM a wholly owned subsidiary of DNS. Financial terms of the acquisition were not disclosed.

DNS is Silicon Light Machines' largest Grating Light Valve (GLV) customer. GLV technology, SLM's flagship product, consists of a series of microscopic ribbons suspended above a silicon substrate that can be precisely tuned to diffract laser light in different ways. The MEMS solution is suitable for computer-to-plate (CTP) commercial printing and other imaging applications.

Acquired by Cypress in August 2000, SLM also developed a high-performance laser optical navigation sensor technology marketed under the name OvationONS, designed for gaming and other markets. The OvationONS product line is being integrated into Cypress's core business.

"This transaction reflects our desire to divest businesses that are not optimally aligned with our mission to become a global programmable solutions leader," said Cypress's president and CEO, T.J. Rodgers. "The divestiture of SLM's GLV businessthe seventh such transaction in two yearswill bring greater focus to our core business, while the integration of SLM's optical laser navigation technology will enable us to expand our suite of programmable solutions serving the keyboard/mouse market."

Masanari Tsuda, senior managing director and chief technology officer at DNS said SLM's technology will play an important role in the company's growing business. "Silicon Light Machines' GLV technology has been an enabler for our leadership position in thermal CTP printing applications. Now that it is part of DNS, we will be looking to this group to produce products that will enable us to expand our imaging technology into other markets."

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