Cypress MicroSystems Set to Show Latest Products at ESS 2002

PSoC (Programmable System on Chip™) microcontroller targets flexible designs

ExCel, London, May 10, 2002 - Cypress MicroSystems, Inc. (CMS) will show its latest generation of PSoC (Programmable System on Chip™) microcontroller devices and PSoC Designer software at this years' Embedded SystemShow at the ExCel Exhibition Centre, London from May 15^th – 17^th, 2002.

Designed for flexibility, the PSoC microcontroller allows the designer to select from a variety of functional "building blocks" to define a specific application – and then change functions on-the-fly as the application is running. This dynamic reconfiguration capability reduces development time and costs, while providing maximum adaptability throughout the design process. Adding device configurations is made simple by PSoC Designer, the GUI-based integrated development environment offered by CMS.

The CMS PSoC microcontroller family integrates a fast, 8-bit CPU; 8 to 16 KBytes of flash memory; SRAM; and programmable arrays of analog and digital system functions – known as PSoC blocks – in low-cost, small-footprint packages. To save design time, CMS also offers user modules – pre-designed peripherals built using these PSoC blocks. By selecting a PSoC microcontroller with the chosen combination of memory, PSoC blocks and pins, designers have a device that can be configured to any application while reducing costs by eliminating external chips and simplifying system design.

About Cypress MicroSystems

Cypress MicroSystems designs, develops, manufactures and markets high-performance, field programmable integrated micro-based solutions for high-volume embedded control functions in computer, communications, consumer and control applications. Established as a subsidiary of Cypress Semiconductor Corporation (NYSE: CY) in the fourth quarter of 1999, Cypress MicroSystems' stockholders are its employees and Cypress Semiconductor. The close association with Cypress Semiconductor allows access to their process and design technology, and field sales and applications forces. Cypress MicroSystems is based near Seattle in Bothell, Washington. More information about Cypress MicroSystems and its products can be accessed through its Web site at www.cypressmicro.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Cypress Semiconductor's business that are not historical facts are "forward-looking statements" involving risks and uncertainties, including but not limited to: the effect of global economic conditions, shifts in supply and demand, market acceptance, the impact of competitive products and pricing, product development, commercialisation and technological difficulties, and capacity and supply constraints. Please refer to Cypress Semiconductor's Securities and Exchange Commission filings for a discussion of such risks.

PSoC, PSoC Designer, Programmable System on a Chip and Device Editor are trademarks of Cypress MicroSystems.