Having got out of RISC microprocessor business once when it sold its Sparc operation to Fujitsu Ltd, Cypress Semiconductor Corp looks like exiting it all over again. On Friday, the company announced that it had a letter of intent to acquire privately-held Performance Semiconductor Corp, Sunnyvale, California, which makes static RAMs and high performance logic circuits, and is also a MIPS Technologies Inc RISC licensee. Cypress expects to phase out the R-series RISC business. Performance is thought to be unprofitable on annual sales of $45m.Terms of the agreement were not disclosed.
