Silicon Light Machines Names VP Sales and Marketing.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 13, 2002

Cypress Semiconductor Subsidiary Taps JDS Uniphase Veteran to

Accelerate Penetration of Optical Networking Market

Silicon Light Machines (SLM), a subsidiary of Cypress Semiconductor (NYSE:CY),

Silicon Light Machines designs, builds and markets optical subsystems based on its core microelectromechanical systems (MEMS) technology -- the Grating Light Valve (GLV(TM)). With its GLV already proven in high-resolution display solutions, SLM is now combining its expertise in MEMS design and manufacturing with optics design and network engineering to build products for optical communications networks.

Zarem comes to SLM from JDS Uniphase, where he held several leadership positions within the company's sales and marketing organizations -- most recently as vice president of market development. Prior to JDSU, Zarem was a general manager at Ortel Corporation (since acquired by Agere Corporation), where he directed strategic planning, implementation and forecasting for the Wireless Communications Division.

"As Silicon Light Machines ventures into the optical networking arena, Zarem's extensive optics experience will be a critical ingredient of our success -- bringing SLM's optical networking products to market and accelerating their penetration in this exciting industry," said Tom Werner, CEO of Silicon Light Machines.

"The technical innovation of Silicon Light Machines, combined with the backing of an industry mainstay like Cypress Semiconductor, gives me an opportunity to leverage my optical background within a small, yet proven organization," said Zarem. "As our customers design the next generation of communications networks, I look forward to positioning SLM as a major supplier of leading-edge optical subsystems."

Zarem holds a Ph.D and MS from the California Institute of Technology. He also holds a BS degree in physics from the University of California, Berkeley. He has published over 29 articles and holds 2 patents.

Photo

A high-resolution photo of Hal Zarem can be downloaded from: http://www.cypress.com/pub/halzarem.jpg.

About SLM

Founded in 1994, Silicon Light Machines is a wholly owned subsidiary of Cypress Semiconductor. Silicon Light Machines' Grating Light Valve(TM) (GLV(TM)) technology is a means for creating a high-performance spatial light modulator on the surface of a silicon chip. Currently used in high-resolution displays, GLV technology also offers a means for increasing the signal bandwidth and reliability for fiber optic communications products. The company is located at 385 Moffett Park Dr., Suite 115, Sunnyvale, CA 94089-1208; Telephone 408/541-1990; Fax 408/541-1244. For more information about Silicon Light Machines, visit the company's web address at www.siliconlight.com.

About Cypress

Cypress Semiconductor (NYSE:CY) is "Driving the Communications Revolution"(TM) with high-performance integrated circuits for network infrastructure and access equipment. Leveraging its process and system-level expertise, the company designs and manufactures solutions targeted across wireless and wireline communications. Cypress supports a wide range of industry standards, such as SONET (OC-48, OC-192 and OC-768), Voice over Internet Protocol (VoIP), InfiniBand(TM) and Gigabit Ethernet. The company's communications product lines include programmable high-speed physical layer devices (PHYs), wirespeed network search engines (NSEs) and network coprocessors (NCPs), and datapath switching elements (DSEs). Cypress is also the industry's leader in communications timing solutions, networking-optimized communications memories and personal connectivity solutions, such as USB and Bluetooth.

Cypress is a leader in pure optical and optoelectronic technologies designed to push network transmissions to higher performance levels and to satisfy the increasing demand for network bandwidth. With a focus on emerging communications applications, Cypress aims to become the preferred silicon supplier for network infrastructure solutions and for every network data stream to pass through at least one Cypress IC.

Cypress employs 4,000 people worldwide. Its shares are listed on the New York Stock Exchange under the symbol CY. More information about Cypress is accessible on the Web at http://www.cypress.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements herein that are not historical facts are "forward-looking statements" involving risks and uncertainties, including but not limited to: the effect of global economic conditions, shifts in supply and demand, market acceptance, the impact of competitive products and pricing, product development, commercialization and technological difficulties, and capacity and supply constraints. Please refer to Cypress's Securities and Exchange Commission filings for a discussion of such risks.

Note to Editors: "Driving the Communications Revolution" is a trademark of Cypress Semiconductor. All other registered trademarks or trademarks are the property of their respective owners.

Silicon Light Machines, Grating Light Valve, and GLV are trademarks of Silicon Light Machines.