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Cypress Will Seek Review of ITC Ruling

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Cypress Semiconductor (NASDAQ: CY) today announced that it will
seek a review by the full International Trade Commission (ITC) of the
Initial Determination (ID) issued by Administrative Law Judge Charles E.
Bullock. The ID found no violation of Section 337 of the Tariff Act of
1930 by GSI Technology (NASDAQ: GSIT) with respect to the four patents asserted
by Cypress. The details of the ID are not yet available. Cypress has
also filed suit against GSI in the federal district court of Minnesota
(Case No. 11-cv-00789). That case is currently stayed pending the ITC's
final ruling, which is expected in February 2013.

“A finding of no violation in this case is inconceivable,” said T.J.
Rodgers, President and CEO of Cypress.

See full press release

Posted-In: News Guidance Contracts Management Global


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