Photomasks, DuPont Cypress Semiconductor Sign Development Deal

ROUND ROCK, Texas, June 18 -- DuPont Photomasks Inc. has signed an agreement with Cypress Semiconductor Corp. to jointly develop advanced photomask technologies supporting the production of high-performance integrated circuits.

The companies have also entered into a separate multiyear supply agreement whereby DuPont Photomasks will provide a significant majority of Cypress' photomasks for commercial production. As part of this supply deal, Cypress has agreed to pay DuPont Photomasks an undisclosed sum up front.

Cypress produces high-performance integrated circuits for network infrastructure and access equipment and is a leader in pure optical and optoelectronic technologies.