SOURCE: The Bedford Report

The Bedford Report

July 12, 2011 08:16 ET

Atmel and Cypress Semiconductor Benefit From Favorable Demand Trends

The Bedford Report Provides Equity Research on Atmel and Cypress Semiconductor

NEW YORK, NY--(Marketwire - Jul 12, 2011) - Results in the semiconductor industry have been improving in recent quarters as several new products have helped drive the industry higher. With the rising popularity of touchscreen devices, companies with operations in the field have been some of the strongest performers in the sector. The Bedford Report examines the outlook for companies in the Semiconductor Industry and provides stock research on Atmel Corporation (NASDAQ: ATML) and Cypress Semiconductor Corporation (NASDAQ: CY). Access to the full company reports can be found at:

www.bedfordreport.com/ATML

www.bedfordreport.com/CY

IHS iSuppli said it expects global semiconductor revenue will grow 7.2 percent this year to $325.9 billion, driven by surging sales of tablets and smartphones. Sales of chips used in wireless communications will jump 18%, the firm predicted. It said the smaller industrial electronics segment will be the second-fastest growing semiconductor application market, with revenue up 7.3 percent this year, followed by consumer electronics and automotive electronics at 3.1% and 3%, respectively.

The Bedford Report releases investment research on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Touchscreen technology has been a key revenue driver for Atmel. In the most recent quarter the company added several new products to the "maXTouch" roster, including phones from HTC, Nokia, Motorola and Samsung. Last month Atmel announced that Samsung selected the Atmel maXTouch mXT1386 touchscreen controller to power its flagship Galaxy Tab 10.1.

Devices using touch technology are branching out from the traditional smartphone and tablet realms, to things like digital cameras and GPS devices. Touchscreens are now Cypress Semiconductor's largest business, and management expects to win even more contracts in the future.

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