Where Will Cypress Semiconductor Corporation Be in 5 Years?

Cypress Semiconductor (NASDAQ: CY) rallied 36% this year, which trailed the Philadelphia Semiconductor Index's 41% gain but beat the NASDAQ's 30% return. But looking further ahead, where will Cypress head over the next five years? Let's examine several of its long-term catalysts to decide.

Cypress, through its "Cypress 3.0" initiative, wants to become a "one-stop embedded solutions provider" for the IoT (Internet of Things) market. It expanded heavily into that market via its acquisition of Broadcom's (NASDAQ: AVGO) wireless IoT business last year.

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Source: Fool.com