Having got shot of its Ross microprocessor design and fabrication subsidiary to Fujitsu Ltd, Cypress Semiconductor Corp is enhancing the businesses it has left with the acquisition of IC Designs Inc, which makes of frequency synthesis technology and programmable clock oscillators. It agreed to pay $16m in cash.Kirkland, Washington-based IC Designs is expected to have 1993 sales of $18m, up from $11m in 1992. Its frequency synthesiser chips that control timing of all aspects of a computer system.
