SAN JOSE, Calif.--Cypress Semiconductor Corp. today announced an agreement with Intel Corp. to cooperate in Universal Serial Bus (USB) peripheral controller technology, and it has licensed USB development tools and high-performance designs from the microprocessor giant.
The agreement follows Cypress Semiconductor's acquisition of Anchor Chips Inc. for $15 million in cash four months ago (see May 25 story). San Diego-based Anchor supplied USB and PCI devices. Cypress today claims it has the most complete offering of USB solutions and now holds over 50% of the USB peripheral controller market.
Under its new agreement with Intel, Cypress said the two companies intend to cooperate with each other to enable smooth transition of technology and product support for Intel's customers. The financial terms of the agreement were not released.
"Intel was the driving force behind the USB standard and the first provider of USB silicon," said Dan
McCranie, executive vice president of sales and marketing at Cypress. "We have licensed a very high-performance, market tested USB line that will extend our leadership position in this market. This addition to our USB product family will assist us as we grow our current business and prepare to be the leading provider of USB 2.0 solutions."
The USB technology is used to connect printers, scanners, cameras, and external storage systems to personal computers. The USB link is also now being extended to include broadbad communications, wireless telephones, and handheld devices. According to Cypress, there are an estimated five USB connections in a PC today.
"Intel will continue to drive the success of USB through our PC Desktop initiatives," declared Jim Pappas, director of technology initiatives at the Santa Clara, Calif., company.
Cypress gains access to Intel's high-performance 8x930 and 8x931 series of USB controller designs as part of the new agreement.
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