Acquisition — March 3, 2000 — Cypress Semiconductor Completes Galvantech Purchase

SAN JOSE, CA—Data communications memory manufacturer Galvantech is now part of Cypress Semiconductor. Announced in January, the purchase of Galvantech, Inc. is Cypress's bid to buy a foothold in the data communications market with a line of synchronous datacomm memory products. The completed acquisition gives the San Jose, CA based chip manufacturer customers such as Lucent and Cisco. Other existing accounts with communications startups like Redback and Extreme Networks provide growth opportunities, according to company officials.

By Lisa Nadile


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