Cypress Now the Leading Internet of Things Supplier with Acquisition of Broadcom's Wireless IoT Business

SAN JOSE, CA -- Cypress Semiconductor Corp. closes acquisition of the Wireless Internet of Things (IoT) business and related assets of Broadcom Limited in an all-cash transaction valued at $550 million. Cypress now offers state-of-the-art Wi-Fi, Bluetooth® and ZigBee® IoT product lines, along with supporting intellectual property and the WICED™ brand Software Development Kit (SDK), developer ecosystem and community. These technologies, combined with Cypress's existing microcontroller (MCU), PSoC® programmable system-on-chip, analog and memory products, provide customers with complete solutions for connected embedded systems in its key automotive and industrial markets. The low-power products also position Cypress as a leader in the high-growth consumer IoT market, a segment that includes wearable electronics and home automation solutions.

Technology Roadmap and Radio Integration

The Cypress wireless radio portfolio includes products based on advanced 40nm process technology, and the company is developing next-generation products on smaller, ultra-low-power technology nodes. This technology enables unparalleled integration of multiple radios that will allow Cypress to expand its wireless combinations, including its Wi-Fi and Bluetooth offerings that are ideal for a broad range of IoT products.

Driving Connected Cars

Cypress now holds a leadership position in connected cars with more than a decade of delivering industry firsts, including the first Bluetooth and first Wi-Fi in vehicles. The Cypress portfolio is now the first to offer Wi-Fi-Bluetooth combinations to upgrade legacy Bluetooth audio with Internet connectivity, and it includes the first simultaneous 2.4-GHz and 5-GHz 802.11ac radios.

More information on Cypress's IoT portfolio is available at http://www.cypress.com/welcome-iot  

More information on Cypress's WICED community is available at http://www.cypress.com/wicedcommunity

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