Company Update (NASDAQ:CY): Cypress Semiconductor Corporation Introduces New USB Type-C to HDMI/DVI/VGA Adapter Dongle Solution

Cypress Semiconductor Corporation (NASDAQ:CY) announced a complete silicon and software solution for USB Type-C to HDMI/DVI/VGA adapter dongles. The EZ-PD™ CCG1-based USB Type-C to HDMI/DVI/VGA Adapter solution enables connectivity between a USB Type-C receptacle and an HDMI/DVI/VGA plug, allowing emerging USB Type-C notebooks to connect to an HDMI/DVI/VGA display. Additionally, Cypress further expanded its USB-Type C design support with the new CY4501 CCG1 Development Kit (DVK), which enables designers to add USB Type-C to any system.

The Cypress USB Type-C to HDMI/DVI/VGA solution includes USB Billboard functionality, which allows the adapter to communicate status to a host that does not support DisplayPort (DP). This solution uses Cypress’s EZ-PD CCG1 (CYPD1120) USB Type-C Port Controller to support DP as one of its Alternate Modes, Cypress’s USB Billboard controller (CY7C65210) to support the USB Billboard Device Class, and MegaChips’ DP to HDMI/DVI/VGA protocol convertor chip. Cypress has demonstrated that its USB Type-C to HDMI solution with power delivery (PD) is interoperable with the Apple®MacBook®, the Google Chromebook Pixel and multiple other systems at USB-PD Interoperability events.

“With the rapid adoption of USB Type-C, the market is looking for fast ways to bring USB Type-C connectivity to products and for adapter dongles that enable connectivity with older products,” said Ganesh Subramaniam, Senior Director of the USB product line at Cypress. “Cypress’s CY4501 CCG1 Development Kit demonstrates the ability of our EZ-PD CCG1 controllers to serve as a total USB Type-C solution by packaging the host, client and cable boards in a single kit for unmatched ease of implementation. Likewise, we designed our complete EZ-PD CCG1-based USB Type-C to HDMI/DVI/VGA Adapter solution to help customers get their dongles to market quickly.”

Cypress customers can pre-order the new CY4501 CCG1 DVK online from the Cypress store. Based on Cypress’s EZ-PD CCG1 USB Type-C Port Controller, the kit serves as a platform to evaluate several features for USB Type-C with design examples and demonstrations of USB SuperSpeed, DisplayPort and Power Delivery. The CY4501 CCG1 DVK includes a CCG1 host board that emulates a tablet or a notebook, a CCG1 client board that emulates a monitor or a docking port, and a CCG1 Electronically Marked Cable Assembly (EMCA) board emulating a USB Type-C cable.

The USB Type-C standard is gaining rapid support with top-tier PC makers by enabling slim industrial designs, easy-to-use connectors and cables, the ability to transmit multiple protocols, and 100W power delivery (PD)—a significant improvement over the previous 7.5W standard. The USB Type-C standard’s 2.4-mm-high connector plug is significantly smaller than current 4.5-mm USB Type-A standard connectors. It also allows for transport of USB signals and PCIe or DP signals on the same connector. A CCG1 product video, which demonstrates the transmission of DisplayPort signals over a USB Type-C connection, is available at Source)

Shares of Cypress Semiconductor closed last Friday at $13.38 . 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 $13.26 and its 200-day moving average is $13.86.

On the ratings front, Cypress Semiconductor has been the subject of a number of recent research reports. In a report issued on June 2, Wedbush analyst Betsy Van Hees reiterated a Buy rating on CY, with a price target of $17, which represents a potential upside of 27.1% from where the stock is currently trading. Separately, on June 1, Needham’s Rajvindra Gill maintained a Buy rating on the stock and has a price target of $20.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Betsy Van Hees and Rajvindra Gill have a total average return of 19.7% and 26.2% respectively. Hees has a success rate of 55.8% and is ranked #222 out of 3612 analysts, while Gill has a success rate of 69.2% and is ranked #22.

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.

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