Cypress Chooses Rackspace for Managed Hosting

Silicon Valley Semiconductor Company Extends Stability and Reliability
As It Deploys New Website and Downloadable Software

SAN ANTONIO – Dec. 10, 2007 – Rackspace® Managed Hosting, a leading global provider of managed hosting services, today announced that they had entered into an agreement to host the website infrastructure of Cypress Semiconductor Corp. (NYSE: CY). Cypress has recently redesigned www.cypress.com to provide customers with faster access to product information and software downloads.

The redesigned website puts a more prominent focus on Cypress’s PSoC® mixed-signal arrays and other programmable products, mirroring the company’s transformation into a provider of programmable solutions. The new Cypress.com includes dynamic drop-down menus that enable users, without clicking, to navigate two- and three-levels for faster access to information on software, technical documentation, samples, kits, training, etc. The site has been designed to improve usability by eliminating browser scrolling on the home page and by having personalized search terms remembered automatically in the search tool. In addition, customers are now able to log in to their customized “MyCypress” extranet and view their shopping cart for the online store without having to leave their current location on the site.

“There is a large and growing global demand for Cypress technical information and software downloads, and the driving distribution platform is our website,” said Nick Wemyss, director of web marketing and development at Cypress. “As we look to use cypress.com for more e-commerce applications, uptime is becoming increasingly more important. Rackspace offers a solid infrastructure and flexibility that will solidify our online presence and extend our ability to deliver solutions to our growing customer base.”

“Companies like Cypress rely on Rackspace because running a website is our core competency, leaving their IT staff to focus more on software integration and delivery,” said Glenn Reinus, senior vice president of worldwide sales, Rackspace Managed Hosting. “Intensive Hosting takes a consultative approach with our enterprise customers and we take pride in building a deep working relationship, effectively becoming an integral component of a customer’s IT department.”

With 25 servers and devices, including advanced custom monitoring services, managed backup and storage, and a cluster of three Google search servers, which Wemyss says will improve their search engine, Cypress relies on Rackspace’s 24/7/365 Fanatical Support® demanded by a global service provider.

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the PSoC® Programmable System-on-Chip™, USB controllers, general-purpose programmable clocks and memories. Cypress also offers wired and wireless connectivity solutions ranging from its WirelessUSB™ radio system-on-chip, to West Bridge™ and EZ-USB® FX2LP controllers that enhance connectivity and performance in multimedia handsets. Cypress serves numerous markets including consumer, computation, data communications, automotive, industrial, and solar power. Cypress trades on the NYSE under the ticker symbol CY. Visit Cypress online at www.cypress.com.

About Rackspace Managed Hosting
A recognized leader in the global managed hosting market, Rackspace Managed Hosting delivers enterprise-level managed services to businesses of all sizes. Serving more than 15,000 customers in eight data centers worldwide, Rackspace integrates the industry’s best technologies for each customer need and delivers it as a service via the company’s award-winning Fanatical Support®. Through trusted relationships, Rackspace serves as an extension of its customers’ IT departments, enabling them to focus on their core business. Since its inception in 1998, Rackspace has grown more than 50 percent a year. For more information, please visit www.rackspace.com, or call 800-961-2888.