Cypress Semiconductor Corporation (NASDAQ:CY) announced that its first and second generation USB Power Delivery controllers passed the USB Implementers Forum (USB-IF) certification test procedure for USB Power Delivery (PD) E-Marker capabilities. The EZ-PD™ CCG1 (CYPD1103) and EZ-PD CCG2 (CYPD2103) controllers have received Product Test IDs 1095059 and 1095054 respectively.
E-Marker chips are used in USB Power Delivery cables, including USB Type-C™, to report the characteristics a cable supports, such as current-carrying capability, protocols supported and vendor identification. The USB Type-C standard is gaining rapid support with top-tier PC and electronics manufacturers by enabling slim industrial designs, easy-to-use connectors and cables, and the ability to transmit multiple protocols and deliver up to 100W of power. The USB Type-C standard’s 2.4-mm-high connector plug is significantly smaller than current 4.5-mm USB Type-A standard connector. It also allows for transport of USB signals and PCIe or DisplayPort signals on the same connector.
Cypress is demonstrating its USB Power Delivery solutions at the Computex 2015 trade show from June 2-6 at booth N1213 in the Nangang Hall 4F at the World Trade Center in Taipei, Taiwan.
“USB Type-C is revolutionizing universal connectivity and enabling new usage models for computing and mobile applications,” said Jeff Ravencraft, USB-IF President and COO. “Cypress’s EZ-PD CCG1 and CCG2 controllers are part of the first group of E-Marker products to achieve USB-IF certification for USB Power Delivery, ensuring a seamless user experience for emerging USB Type-C products.”
“The programmability and field-upgradability of our EZ-PD USB Type-C solutions has enabled our customers to make last-minute changes using reliable and compliant USB-IF certified E-Markers,” said Ganesh Subramaniam, Senior Director of the USB product line at Cypress. “This design flexibility, along with our proven USB know-how, is enabling our customers to bring their innovative USB Type-C products to market quickly.”
The EZ-PD CCG1 USB Type-C port controllers are based on Cypress’s PSoC® 4 programmable system-on-chip architecture. PSoC’s programmability enabled Cypress to integrate the transceiver for USB Type-C communication within a matter of weeks and to get its product to market fast and first. The controllers provide design flexibility for multiple USB Type-C applications such as cables, power adapters, notebooks, dongles and monitors.
Optimized for 2.4-mm thin USB Type-C cable connectors, the programmable EZ-PD CCG2 controller is fully capable of supporting any USB Type-C Downstream Facing Port (DFP), Upstream Facing Port (UFP) or Dual Role Port (DRP) applications. EZ-PD CCG2 is available in a 3.3 mm2 20-ball Wafer Level Chip Scale Package (WLCSP), a 14-pin DFN and a 24-pin QFN. EZ-PD CCG2 is the first programmable solution to fully integrate the USB Type-C transceiver, system-level ESD protection, and termination resistors needed for all USB Type-C applications. (Original Source)
Shares of Cypress Semiconductor closed yesterday at $13.82 . CY has a 1-year high of $16.25 and a 1-year low of $8.04. The stock’s 50-day moving average is $13.29 and its 200-day moving average is $13.76.
On the ratings front, Cypress Semiconductor has been the subject of a number of recent research reports. In a report released yesterday, Needham analyst Rajvindra Gill maintained a Buy rating on CY, with a price target of $20, which implies an upside of 44.7% from current levels. Separately, on March 13, Pacific Crest’s John Vinh maintained a Buy rating on the stock and has a price target of $20.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Rajvindra Gill and John Vinh have a total average return of 28.1% and 10.2% respectively. Gill has a success rate of 71.0% and is ranked #12 out of 3610 analysts, while Vinh has a success rate of 48.4% and is ranked #714.
Cypress Semiconductor Corp with its subsidiaries, designs, develops, manufactures and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value.