Cypress Semiconductor is on the block, reports Bloomberg.

Following takeover interest, Cypress has hired advisers to explore options for selling the company.

Cypress shares went up 13% yesterday after news broke of the move. The shares have gone up 36% this year.

In Q1 the company reported a 5.5% drop in revenues but forecast a 4.4% rise for Q2.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved