Cypress Semiconductor Corporation is a US based semiconductor design and manufacturing company offering NOR flash memories, F-RAM, USB connectivity solutions, captive touch sensing controllers and much more. The company generates revenue by selling products and offering services to six major end markets: Automotive, Consumer, Enterprise, IoT, Legacy and Industrial. However, in the second quarter of 2019, the company generated revenues only from three end markets: Automotive, IoT and Legacy. As of Q2 2019, the revenues from the different end markets came in at. Now let’s look into cypress revenue by end market data here.
Revenue (in thousands USD)
Cypress manufactures and sells advanced embedded system solutions for IoT, automotive, industrial and consumer applications. The company’s strategy is focused on expansion and in-depth penetration in the various global markets through capitalization of their broad and diverse product portfolio. Their business strategy also involves increase in the ease of doing business, improvement in operating margin, redeployment of personnel and resources to target market segments which are expected to have a high growth potential and finally streamlining the company’s internal processes. In the automotive market, Cypress has products like Wi-Fi, Bluetooth, combo solutions, energy harvesting solutions Automotive TrueTouch touchscreen controllers.
Revenue reported from the end markets is $ 532221 thousands for the three months ended on June 30, 2019 which is an approximately 15 per cent decline compared to the same period in 2018. Revenue from IoT and Legacy end markets reported a declining trend for the second quarter ended on June 30, 2019 as compared to the same period in 2018. Only the automotive market reported a revenue increase but the figures are not very satisfactory.
The following table shows the percentage change in three months revenue for the different end markets.
|June 30,2019||July 1,2018||% change|
Cypress Semiconductor Corporation, headquartered in San Jose, California, manufactures and sells advanced embedded system solutions for automotive, industrial, consumer and enterprise end markets. Cypress’ microcontrollers, analog ICs, wireless and wired connectivity solutions and memories help engineers design differentiated products and help with speed to market.
The company is committed to providing customers with on-demand, high-quality support and engineering resources. The company is publicly listed on NASDAQ Global Select Market under the ticker symbol “CY”. Their business strategies are focused on meeting customer demand, providing a wide range of products through product portfolio expansion and leveraging their market position.
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