November 9, 2011
Woodside, California: Cypress Semiconductor founder TJ Rodgers unveiled a new chip packaging venture that he expects will improve on existing technology by ten times and which he hopes will lead to a future stock market spin-off.
Cypress, whose touchscreen technology is widely used in smartphones, including Samsung’s Galaxy lineup, is launching Deca Technologies with an investment of about $35 million, Rodgers told reporters late on Tuesday.
The new subsidiary is part of Cypress’s Emerging Technology Division, while one-time Cypress subsidiary SunPower has contributed intellectual property and factory space and holds a minority stake along with key employees.
