Mar. 12, 2007 — Silicon Valley Technology Center (SVTC), a development foundry that helps start-up and established corporations develop and characterize silicon-based technologies, is now an independent company. SVTC, formerly a business unit of Cypress Semiconductor Corp., was sold to Oak Hill Capital Partners and Tallwood Venture Capital. As part of the transaction, Cypress transferred substantially all equipment, process technologies and personnel associated with its SVTC business to the buyers. Cypress will remain an SVTC customer.

SVTC also announced that Dave Bergeron, who recently served as Executive-in-Residence at Tallwood Ventures, is joining SVTC as CEO. Bert Bruggeman, who developed the SVTC business model and grew it into a profitable enterprise, will become SVTC’s Vice President of Operations and General Manager.

“As a venture capital firm that seeks to invest in semiconductor and semiconductor-related companies, we consistently see entrepreneurs and their companies continuously challenged to find an acceptable vehicle to establish feasibility of their new technologies. SVTC offers the fabless community a partner model that will allow them to turn their silicon-based ideas into real products,” said Luis Arzubi, general partner of Tallwood Venture Capital.