WASHINGTON Cypress Semiconductor sought to clarify its current position on its fab strategy, saying it continues to invest in a 200-mm fab in Minnesota while "exploring options" for an older 150-mm fab in Texas.
EE Times reported earlier this week that Cypress (San Jose, Calif.) was considering selling its U.S. fabs while signing up with United Microelectronics Co. of Taiwan to produce advanced SRAM chips.
The chip maker said Friday (March 2) in a statement responding to the report that it has no plans to sell its Minnesota fab.
"All companies continually review their asset portfolio," Shahin Sharifzadeh, executive vice president of manufacturing and technology at Cypress, said in the statement. "In our case, we are exploring options related to our older, 150-mm facility in Round Rock, Texas. However, we continue to invest in our state-of-the-art, 200-mm wafer fab in Bloomington, Minnesota."
Added Sharifzadeh: "The Minnesota fab is an important strategic asset and a large part of our future. We have no plans to sell it."