Cypress Confirms Q4 2015 Financial Outlook, $450M Share Buyback Program

Based on information available to date, Cypress Semiconductor Corp.

today confirmed the fourth quarter 2015 financial outlook it provided on October 22, 2015. Additionally, Cypress confirmed today its previously announced stock repurchase program for shares of its common stock. The program allows Cypress to purchase up to $450 million of its common stock directly or to enter into equity derivative transactions related to its common stock. In connection with the above confirmation, Cypress will open its trading window at the beginning of market on Friday, January 22, 2016.  About CypressCypress

delivers high-performance, high-quality solutions at the heart of today's most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile devices. With a broad, differentiated product portfolio that includes NOR flash memories, F-RAM™ and SRAM, Traveo™ microcontrollers, the industry's only PSoC® programmable system-on-chip solutions, analog and PMIC Power Management ICs, CapSense® capacitive touch-sensing controllers, and Wireless BLE Bluetooth Low-Energy and USB connectivity solutions, Cypress is committed to providing its customers worldwide with consistent innovation, best-in-class support and exceptional system value. To learn more, go to www.cypress.com. Forward-Looking Statements This release may be deemed to contain forward-looking statements,