Cypress 200mm Bloomington, USA fab sale to SkyWater Technology

Cypress fab, Bloomington, USA
“ATREG was valuable in all phases of the transaction. Their deep semiconductor market knowledge combined with their long-standing executive industry relationships have really made a positive difference in how our disposition was structured.”
Executive Vice President, Manufacturing

Challenge

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.

Solution

Cypress retained ATREG to carry out a thorough and competitive disposition process to help ensure a successful sale to SkyWater Technology Foundry.

Business Result

• ATREG’s thorough global marketing campaign brought highly qualified buyers to the negotiating table.
• By divesting the facility as an operational concern to SkyWater Technology Foundry, 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.