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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cypress Semiconductor Corporation    CY

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Cypress and Arrow Electronics Team Up to Provide Ubiquitous IoT Connectivity

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10/06/2017 | 12:45pm CEST

Release date- 05102017 - SAN JOSE, Calif. - Cypress Semiconductor Corp. (NASDAQ: CY), a leader in wireless connectivity for the internet of things (IoT), and Global technology solutions provider Arrow Electronics, Inc. (NYSE: ARW) today announced the Titanium board, a technology ecosystem designed to enable developers to create products using Wi-Fi, Bluetooth Low Energy (BLE), cellular and LPWAN technologies, while taking advantage of Cypress' low-power edge computing capabilities.

The new Titanium board is designed to the Linaro 96Boards IoT edition specification, and features Cypress' new PSoC 6 microcontroller (MCU) with dual-core processing and BLE 5.0. With power provided by the Cypress EZ-PD CCG3 USB-C controller, Titanium also provides developers with advanced sensing capabilities featuring Bosch Sensortec's new BME680 integrated environmental sensor for measurement of gas, humidity, temperature, and pressure. The platform is Arm mBed-compatible, and features a 40-pin expansion connector compatible with other 96board platforms.

Developers can take advantage of the expansion capability of the Titanium board to evaluate multiple connectivity and technology options, such as Arrow's recently announced cellular LTE-M starter kit and the upcoming Cypress WICED mezzanine card currently in development.

The PSoC 6 MCU is a low-power, flexible MCU with built-in Bluetooth low-energy wireless connectivity and integrated hardware-based security in a single device. The dual-core Arm Cortex-M4 and Cortex-M0+ MCU architecture lets designers optimize for power and performance simultaneously. The PSoC 6 MCU architecture's easy-to-use, software-defined peripherals enables engineers to create innovative products, including wearables, industrial IoT equipment, smart home appliances, IoT gateways, portable medical devices and audio processing products.

Executive Quotes

'AT&T has been a long supporter of the developer community,' said Chris Penrose, president of IoT Solutions, AT&T. 'We're glad to work with Arrow to help enable the next wave of IoT innovation for them and their clients.'

'PSoC 6 is purpose-built for the IoT,' said Aiden Mitchell, vice-president of global IoT solutions at Arrow. 'By combining the low-power of PSoC 6 with Cypress' WICED portfolio of Wi-Fi solutions and Bluetooth products, Cypress has created a powerful offering for customers seeking to reduce complexity and time-to-market. The Titanium ecosystem is their starting point.'

'The Titanium 96board gives IoT designers a fast and easy way to harness the leading low-power and flexibility of our PSoC 6 BLE solution,' said Jack Ogawa, senior marketing director of the MCU business unit at Cypress. 'The Titanium ecosystem adds even more flexibility with a host of expansion cards, helping designers find the optimal mix of technologies.'

About Arrow Electronics

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations serving over 90 countries. Learn more at fiveyearsout.com.

About Cypress

Cypress is the leader in advanced embedded system solutions for the world's most innovative automotive, industrial, home automation and appliances, consumer electronics and medical products. Cypress' programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-based connectivity solutions and reliable, high-performance memories help engineers design differentiated products and get them to market first. Cypress is committed to providing customers with the best support and engineering resources on the planet enabling innovators and out-of-the-box thinkers to disrupt markets and create new product categories in record time.

Contact:

Tel: (408) 943 2600

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2017 2 320 M
EBIT 2017 369 M
Net income 2017 -5,82 M
Debt 2017 797 M
Yield 2017 2,36%
P/E ratio 2017 -
P/E ratio 2018 30,22
EV / Sales 2017 2,62x
EV / Sales 2018 2,42x
Capitalization 5 280 M
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Cypress Semiconductor Corp Technical Analysis Chart | CY | US2328061096 | 4-Traders
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Number of Analysts 13
Average target price 17,5 $
Spread / Average Target 10%
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NameTitle
Hassane El-Khoury President, Chief Executive Officer & Director
W. Steve Albrecht Chairman
Dana C. Nazarian Executive Vice President-Operations & Technology
Sam Thad Trent Chief Financial Officer & EVP-Administration
Paul D. Keswick Executive VP-Marketing & Information Technology
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