Item  8.01. Other Events.

On July 17, 2008, Cypress Semiconductor Corporation issued a press release announcing its decision to pursue a tax-free distribution of its Class B common shares of SunPower Corporation. A copy of this press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.

 

Item 9.01 Financial Statements and Exhibits.

(a) Financial statements of business acquired. Not applicable.

(b) Pro forma financial information. Not applicable.

(c) Shell Company transactions. Not applicable.

(d) Exhibits. The exhibit listed below is being furnished with this Form 8-K.

 

Exhibit 99.1    Press Release, dated July 17, 2008

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    CYPRESS SEMICONDUCTOR CORPORATION
Date: July 17, 2008     By:   /s/ Brad W. Buss
      Brad W. Buss
      Executive Vice President,
      Finance and Administration
      and Chief Financial Officer

EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    Press Release, dated July 17, 2008