Cypress Semiconductor Corporation (NASDAQ:CY) announced an expansion of its automotive portfolio that will help enable manufacturers to bring high tech automotive systems historically available only in luxury models to mainstream vehicles. Leveraging a wide range of differentiated products that includes microcontrollers (MCUs), power management ICs (PMICs), memories and touch-sensing solutions, the portfolio enables value-added systems for Cypress’s top tier automotive customers.
As a key part of the expansion, Cypress introduced the first series of its Traveo™ microcontroller (MCU) family on the 40nm process technology node, which enables higher performance and more cost-efficient implementations of instrument clusters and body electronics. The series features up to 4MB of high-density embedded flash, stepper motor control, thin-film transistor (TFT) display control, advanced sound output capabilities and support for all in-vehicle networking standards required today for instrument clusters. In addition, a new MCU in the series is optimized for high-end body and gateway systems. The 40nm technology will also provide the ability to embed more on-chip flash memory for advanced applications. The 40nm Traveo MCUs will make it easier to implement Firmware Over-The-Air (FOTA) updates, which enable consumers to get new software fixes and features and new applications for their vehicles on-the-go.
“Cypress’s automotive portfolio is designed to help our customers bring innovative and differentiating features to their automobiles,” said Takeshi Fuse, senior vice president of the Automotive Business Unit at Cypress. “With the ramp up of our Traveo MCUs at the 40nm technology node, the family will enable a broad lineup for instrument clusters, body and electrical motor control, while opening up new functionality such as firmware over-the-air upgrades. The scalability of our Traveo platform, along with Cypress’s unique ability to serve as a one-stop resource with our automotive power management ICs and memories, will help our customers develop cost-effective systems to bring advanced functionality to mainstream vehicles. Furthermore, adopting 40nm technology for our MCUs shows our strong commitment for long-term support of automotive customers.”
Additionally, Cypress introduced a transceiver for the Clock Extension Peripheral Interface (CXPI) designed to succeed the widely-used Local Interconnect Network (LIN) automotive communication protocol. CXPI helps reduce the bill of material and lower fuel consumption by requiring fewer wires and lighter wires in a vehicle. Cypress is the only supplier to offer a CXPI transceiver and automotive MCUs, enabling a complete solution.
“The expansion of our Traveo MCU family and the addition of our CXPI transceiver demonstrates Cypress’s commitment to growing our automotive portfolio to address new applications and industry standards in order to help our top tier automotive customers meet their ever-evolving requirements,” added Fuse.
The new 40nm Traveo S6J331X/S6J332X/S6J333X/S6J334X series provides automotive manufacturers with a high-performance and cost-effective platform for classic instrument clusters. The series is based on the ARM® Cortex®-R5 processor with 240-MHz performance and supports the Controller Area Network-Flexible Data (CAN-FD) automotive communication protocol for increased data bandwidth for faster networking. The MCUs integrate up to 4MB of internal flash for application storage, enhanced secure hardware extension (eSHE) for robust security, and the industry-leading HyperBus™ interface that enables seamless connections with HyperFlash™ and HyperRAM™ memories.
Additionally, the Traveo S6J331X/S6J332X/S6J333X/S6J334X series:
- Includes a 16-bit Audio-DAC, a multi-channel mixer and I2S interfaces to output the complex, high-quality sounds required in today’s instrument clusters
- Supports Ethernet AVB for increased bandwidth in multimedia application and reduced programming time
- Combines with Cypress’s recently introduced S6BP50x series of automotive PMICs to provide a seamless solution for instrument clusters.
The new 40nm Traveo S6J335X series provides automotive manufacturers with the high performance of the other series, along with support for a maximum of eight channels for CAN-FD, enabling automotive network gateways. It includes up to 12 channels of Multi-Function Serial (MFS), up to 64 channels of 12-bit ADC inputs, and up to 64 channels of base timers, including PWMs. S6J335X supports wide ambient temperature of -40 degrees C to +125 degrees C.
The S6BT11X CXPI transceiver series works as the interface between the CXPI datalink controller and the BUS line. S6BT11X can be used to enable ECU communication with speeds going up to approximately 20kbps. The transceiver also has a sleep/wake up control function for low noise and low power dissipation, enabling reliable and energy-efficient systems. (Original Source)
Shares of Cypress Semiconductor closed yesterday at $8.48. CY has a 1-year high of $16.25 and a 1-year low of $8.11. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $10.03.
On the ratings front, Cypress Semiconductor has been the subject of a number of recent research reports. In a report issued on January 7, Needham analyst Rajvindra Gill maintained a Buy rating on CY, with a price target of $12, which implies an upside of 41.5% from current levels. Separately, on December 21, Mizuho’s Vijay Rakesh maintained a Buy rating on the stock and has a price target of $18.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Rajvindra Gill and Vijay Rakesh have a total average return of 13.2% and 27.4% respectively. Gill has a success rate of 51.9% and is ranked #76 out of 3594 analysts, while Rakesh has a success rate of 63.9% and is ranked #16.
The street is mostly Bullish on CY stock. Out of 5 analysts who cover the stock, 5 suggest a Buy rating . The 12-month average price target assigned to the stock is $14.67, which represents a potential upside of 73.0% from where the stock is currently trading.
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.