Definitive Additional Material


SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No.   )

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[_]  Definitive Proxy Statement  
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Cypress Semiconductor Corporation
(Name of Registrant as Specified In Its Charter)

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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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CYPRESS SEMICONDUCTOR CORPORATION

DEFINITIVE ADDITIONAL MATERIAL
RELATED TO PROXY STATEMENT
FILED APRIL 4, 2002

Cypress Semiconductor Corporation is amending its Definitive Proxy Statement filed on April 4, 2002 to amend the table regarding Ten-Year Option Repricings. The amended table is set forth below:

Stock Options Cancelled and Reissued


Ten-Year Option Repricings
Name
Date
Number of
securities
underlying
options
repriced
or amended
(#)

Market
price of
stock at
time of
repricing
or
amendment
($)


Exercise
price at
time of
repricing
or
amendment(1)

New
exercise
price
($)(2)

Length of
original
option
term
remaining
at date of
repricing
or
amendment

Ralph H. Schmitt   10/08/2001   90,000   $13.91   $16.73   $16.84   9 yrs., 5 mos.  
Vice President, Marketing and  10/08/2001  70,000   $13.91   $23.19   $16.84   9 yrs., 2 mos. 
Sales  10/08/2001  40,000   $13.91   $39.63   $16.84   8 yrs., 10 mos. 
    04/30/1992(3)  8,500   $  4.75   $  9.25   $  4.75   9 yrs., 5 mos. 
                       
Antonio R. Alvarez  10/08/2001  70,000   $13.91   $23.19   $16.84   9 yrs., 2 mos. 
Vice President, Memory  10/08/2001  60,000   $13.91   $16.73   $16.84   9 yrs., 5 mos. 
Products Division and  10/24/1996  146,930   $11.00   $16.19   $11.00   9 yrs.   
Research Development  04/30/1992(3)  80,000   $  4.75   $  9.25   $  4.75   9 yrs., 5 mos. 
    04/30/1992(3)  26,398   $  4.75   $  9.25   $  4.75   9 yrs., 5 mos. 
                       
Emmanuel T. Hernandez  05/15/1998  200,000   $  8.75   $11.56   $  8.75   9 yrs., 5 mos. 
Vice President, Finance and  10/24/1996  116,458   $11.00   $16.19   $11.00   9 yrs.   
Administration, and Chief                       
Financial Officer                       


(1) Reflects the exercise price of the options on the date of cancellation.

(2) Reflects the exercise price of the options granted to replace the cancelled options.

(3) Reflects the effect of the November 1, 1995 two for one stock split.