Cypress Semiconductor Corporation (NASDAQ:CY) announced that leading Japanese electronics publication Semiconductor Industry News has selected Cypress’s new EZ-PD™ CCG1 and EZ-PD CCG2 USB Type-C controllers for the publication’s 21st annual “Semiconductor of the Year” award. The publication’s editors nominated 123 products and technologies from the thousands of products announced this past year, and they selected the winners based on disruptive design, volume production structure, impact on society and overall potential. The editors chose the Cypress EZ-PD CCG1 and CCG2 USB Type-C controllers for the “Award for Excellence” because they provide high-quality solutions that meet the accelerating demand of the Type-C market in a timely manner.
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 after the ratification of the USB Type-C specification 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.
Wataru Izumiya, President and CEO of Sangyo Times Inc. commented, “Congratulations on receiving the ‘Award for Excellence.’ Our editors believe that the Cypress USB Type-C controllers provide high-quality solutions that will help companies bring their USB Type-C products to market quickly. The controllers’ power optimization technology will enable the highest level customer experience, which gave them the highest marks in their evaluation. We are look forward to Cypress’s future success.”
“We are honored to have the editors of Semiconductor Industry News select our EZ-PD CCG1 and CCG2 USB Type-C controllers as Semiconductor of the Year out of all of the products they reviewed,” said Ajay Srikrishna, vice president of the USB product line at Cypress. “With their programmability and high level of integration, CCG1 and CCG2 are delivering on the promise of this technology by helping our top tier customers add USB Type-C connectivity to their new products and quickly ramp the adoption of this powerful standard to bring its many benefits to consumers.”
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. More information on Cypress’s USB Type-C and USB power delivery solutions is available atwww.cypress.com/Type-C. (Original Source)
Shares of Cypress Semiconductor closed last Friday at $11.8 . 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 $12.98 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 11, Wedbush analyst Betsy Van Hees reiterated a Buy rating on CY, with a price target of $17, which represents a potential upside of 44.1% 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 TipRanks.com, 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 15.2% and 20.7% respectively. Hees has a success rate of 51.2% and is ranked #350 out of 3681 analysts, while Gill has a success rate of 61.6% and is ranked #46.
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.