The San Jose, Calif., chip maker also said it will support Micron's synchronous SRAM customers as the memory supplier implements earlier announced plans to phase out production of the component.

"This agreement provides the best long-term solution for our customers," said Jan du Preez, Micron's vice president of networking and communications, in a statement. "It gives our customers an uninterrupted supply of SRAM devices from a world class supplier."

By quickly moving to dispose of its synchronous SRAM stock and transitioning customers to another supplier, Micron relieves itself of any service obligations and would be able to channel its resources to other programs, the company said.

San Jose, Calif.-based Cypress, which claims to be the global number two supplier of synchronous SRAM, gains Micron's customer base and strengthens its presence in the communications sector.

"This transaction is consistent with Cypress' strategy to serve the communications marketplace and complements our existing position in synchronous SRAMs," said Antonio Alvarez, senior vice president for Cypress' memory products division, in a statement.

"Cypress is working closely with Micron to provide continuity of all customer support aspects."

By: DocMemory
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