Cypress needed to divest its Bloomington fab as a going concern to ensure continuity of supply as its production declined over the next several years while preserving the facility’s Trusted Fab status.
Cypress retained ATREG to carry out a thorough and competitive disposition process to help ensure a successful outcome.
• ATREG’s thorough global marketing campaign brought highly qualified buyers to the negotiating table.
• By divesting the facility as an operational concern, ATREG enabled the facility to retain its Trusted Fab status and ensured continuity of supply for Cypress via a multi-year agreement.
• ATREG enabled Cypress to reduce its manufacturing footprint and cost structure while increasing the utilization of its remaining fab in Austin, TX.