Cypress: Revenue by Segment (2020)

This article discusses the Statistics on Cypress Revenue by Segment (2020). 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 through operations in two reportable business segments: Memory Products Division (MPD) and Microcontroller and Connectivity Division (MCD). As of Q2 2019, the revenues from the different reportable segments came in at. And let’s look into Cypress Revenue By Business Segment data here.

Cypress Revenue By Business Segment

MPD focuses on fail-safe storage and datalogging solutions for mission critical applications. The product portfolio consists of NOR flash memories, SRAM and other specialty memories. Revenues recorded by MPD decreased by $77.6 million, or 30.4%, in the three months ended June 30, 2019 compared to the same prior year period. This decrease is attributable to the divestiture of the company’s NAND flash business, which was completed on April 1, 2019, and due to a decline in revenue from NOR flash products. Revenue from the divested NAND flash business was $49.5 million in the three months ended July 1, 2018 (Cypress Revenue by Segment statistics).

MCD focuses on connectivity and computing solutions for the Internet of Things (IoT) and automotive solutions that enhance the in-cabin user experience. The product offerings include high-performance microcontroller, analog solutions, Wi-Fi plus Bluetooth combo solutions and others. Revenues recorded by MCD decreased by $14.3 million, or 3.9%, in the three months ended June 30, 2019 compared to the same prior year period. The decrease was primarily due to a decline in demand for microcontroller and wireless connectivity products.

Company Overview

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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