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SunPower  (Stock symbol: SPWRA ) Subsidiary of Cypress Semiconductor

77 Rio Robles
San Jose, CA 95134
(408) 240-5500
Website Company Summary Management Team

Outside board: (May no longer be on the board) Betsy S. Atkins (Baja Ventures CEO) Catherine A. Lesjak (HP CFO) Pat Wood (Federal Energy Regulatory Commission Former Chairman) Steve W. Albrecht (Deloitte &Touche) Arnaud Chaperon (Total S.A. SVP Gas & Power division) Bernard Clement (Total S.A. Division SVP gas assets, technology, and R&D) Thomas R. McDaniel (Edison International CFO) Jean-Marc Otero del Va (Total France S.A. General Manager) Reinhard Schneider (Atotech) Humbert de Wendel (Total S.A. SVP Corporate Business Development) Jerome Schmitt (Total Group Controller) Denis Giorno (Total S.A. VP New Ventures)
Former outside board: TJ Rodgers (Cypress Semiconductor President/CEO) Eugene Flath (AVI Capital, L.P.);  Peter Gardner (Technology Funding) Osamu Iloa (Honda North America);  Tom Luten (consultant);  Mark Wyckoff (Nipsco)

Business description: SunPower, a subsidiary of Cypress Semiconductor, designs and manufactures high-performance silicon solar cells based on an inter digitated backside contact design, leaving the entire front surface uniformly dark and free of gridlines that normally block light entry., In 2003 SunPower introduced its new, high-performance silicon solar cell – the A-300. These cells are cost-competitive with conventional solar cells, but are much more efficient. With an efficiency of over 20%, the A-300 is the world’s highest efficiency, commercially available solar cell for terrestrial applications. The A-300 cell was developed and manufactured in SunPower’s new facility located in Austin, Texas. This line has a manufacturing capacity of 2MW per year and began operation in January 2003. The company plans to increase its manufacturing capacity to 25MW in 2004. SunPower plans to market the A-300 cells to module manufacturers worldwide. The A-300, while providing performance and aesthetic value, will also make a significant contribution towards cost reduction in the module manufacturing process. The new cell provides SunPower’s customers low-cost access to high-performance cells.
Customers include: Agilent Technologies Applied Materials Del Monte Foods Harvard University HP International RectifierMacy's MotorolaPGandE SiemensToshiba ;  Canoga Park High School ;  Jiawei SolarChina ;  Luke Air Force Base in Arizona ;  MidAmerican Solar ;  San Francisco 49ers;  U.S. Dept. of Energy ;  Woongjin Coway
Partners include: eMotion Exelon Toshiba Wells Fargo Bank ;  Admirals Bank ;  AU Optronics ;  CastleAndCooke ;  Grundfos Pumps ;  K6 ;  Palo Alto Junior MuseumAndZoo ;  RAcell

Rounds: 4
Recent Fundings: May 2003
Capital raised: 7.3M
Last Round: 8.8M
Ownership: Subsidiary of Cypress Semiconductor
Stock Symbol: SPWRA
Corporate investors: Cypress Semiconductor

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Record updated: Jan 2019
Sector: Communications
Year Founded: 1988
Headcount: 5001-7000 as of Feb 2019
Rounds: 4
Recent Fundings: May 2003
Capital Raised: 7.3M
Last Round: 8.8M
Ownership: Subsidiary of Cypress Semiconductor
Stock Symbol: SPWRA