several years ago.ДЇirst quarter sales were up slightly compared with the first quarter of 2016. вЂњOur Q1 results reflect the actions we have taken to reorganize the company to align our solutions, our investments and our corporate structure with our go-to-market plan and our focus on high-growth areas of the automotive, industrial and consumer markets, including the Internet of Things and USB connectivity,вЂќ El-Khoury said.Д¬ypress reported first quarter sales of $531.9 million, the highest quarterly revenue that Cypress has reported since spinning off SunPower Corp. Thad Trent, CypressвЂ™s chief financial officer, said on the analyst call Thursday that the strategy is resulting in revenue growth, gross margin improvement and operating leverage across the company. Rodgers, calls his strategy for realigning the company around core growing markets вЂњCypress 3.0.вЂќ The strategy revolves around both organic and inorganic growth, through both internal product development and deals such as the acquisitions of Spansion in 2015 and BroadcomвЂ™s wireless IoT business last year. He said automotive sales now make up about one-third of CypressвЂ™s total revenue, up from just 11 percent of the firmвЂ™s revenue in 2011.Д®l-Khoury, who took the helm of Cypress last August following the April r esignation of Cypress Founder and longtime CEO T.J. вЂњOur revenue strength in the first quarter was across end markets, particularly from IoT, and NOR memory was stronger than we expected,вЂќ said Hassane El-Khoury, Cypress president and CEO, in a conference call with analysts following the quarterly report.Д®l-Khoury said automotive was CypressвЂ™s strongest end market in the first quarter, with record sales and design activity. reported record first quarter sales that beat analystsвЂ™ expectations Thursday (April 27), offering tangible evidence that the companyвЂ™s strategy to target markets growing faster than the overall semiconductor industry is bearing fruit. SAN FRANCISCO-Cypress Semiconductor Corp.

Cypress usb 3.0