T. J. Rodgers Explained

T. J. Rodgers
Birth Name:Thurman John Rodgers
Birth Date:15 March 1948
Birth Place:Oshkosh, Wisconsin, U.S.[1]
Alma Mater:Dartmouth College, 1970 B.A.
Stanford University, 1973 M.A.
1975 Ph.D.
Occupation:Scientist and entrepreneur
Spouse:Valeta Massey

Thurman John "T. J." Rodgers (born March 15, 1948) is an American billionaire scientist and entrepreneur. He is the founder of Cypress Semiconductor and holds patents ranging from semiconductors to energy to winemaking. Rodgers is known for his public relations acumen, brash personality, and strong advocacy of laissez-faire capitalism. He stepped down as Cypress CEO in April 2016 and Director in August 2016 after serving for 34 years.[2]

Early life

Rodgers was born on March 15, 1948, in Oshkosh, Wisconsin. He goes back to nearby Green Bay, Wisconsin several times a year to attend Green Bay Packers football games.[3] His father was a car salesman and worked for General Motors and his mother was a school teacher, with a master's degree in radio electronics. He was a Sloan scholar at Dartmouth College and played on the Dartmouth Big Green football team.[4] In 1970 he received his bachelor's degree, graduating as salutatorian with majors in chemistry and physics.[5] He received his master's degree (1973) and Ph.D. (1975) in electrical engineering from Stanford University. While pursuing his Ph.D. degree, Rodgers invented the VMOS process technology, which he later licensed to American Microsystems, Inc. He founded Cypress Semiconductor in 1982. He was awarded an honorary doctorate from the Universidad Francisco Marroquín in Guatemala City.

Career

After finishing a doctorate at Stanford, he turned down a job offer from Intel, saying that CEO Andrew S. Grove was unlikely to give him the freedom to pursue his own projects.[4] Instead Rodgers accepted a job at American Microsystems, Inc. (AMI), where he continued development of VMOS, but this project was a failure.

Cypress Semiconductor

Rodgers founded Cypress Semiconductor in 1982 and served as founding CEO.[6] Cypress is a semiconductor design and manufacturing company, producing PSoCs, microcontroller, IoT, wireless and USB, PMICs, memory and sensor chips.[7] As CEO, Rodgers was responsible for more than 30 acquisitions,[8] including SunPower and the IoT portfolio of Broadcom Corporation. Cypress also benefited from its business with Apple Inc., as its PSoC was behind the iPod click wheel.[9] He stepped down as CEO in April 2016. In 2015, Cypress had more than 6,000 employees and revenues of US$1.6 billion. The company had about 7,000 issued patents and about 1,200 additional patent applications on record.[10]

Proxy fight

In 2017 Rodgers conducted a successful proxy fight against Cypress. He raised concerns pertaining to director compensation,[11] state-sponsored foreign competition[12] as well as inherent conflicts of interest.[13] After filing a lawsuit against the company in April 2017, Rodgers sought to remove executive chairman Ray Bingham[14] [15] and Éric Benhamou from the Cypress board and nominated Dan McCranie and Camillo Martino as directors.[16] Rodgers argued that Bingham's role as a co-founder of Canyon Bridge,[17] a private equity fund supported by the Government of China, constituted a clear conflict of interest as acquisition targets for both companies overlapped. Bingham was forced to resign from the Cypress board in early June 2017 and both of Rodgers' nominees won the subsequent 2017 shareholder election against Benhamou.

SunPower

Rodgers early recognized the value[18] of high efficiency solar cells produced by SunPower. As SunPower faced financial problems in 2001, Rodgers[19] tried to convince the Cypress board to buy the solar cell producer.[20] Rodgers and SunPower CEO Richard Swanson had met in the 70s at Stanford University. But as the Cypress board of directors was not interested in saving the struggling company Rodgers wrote a check himself for $750,000. About a year later Rodgers had convinced the board to invest $9 million in SunPower and a few months later Cypress bought a majority stake in SunPower. In 2005 SunPower went public and reached a market capitalization of $10.4 billion in 2007. From May 2002 to May 2011, Rodgers served as chairman of SunPower.[21]

Enphase Energy

In January 2017, Rodgers invested US$5 million in Enphase Energy,[22] a renewable energy firm specialized in energy management and the production of solar micro-inverters, which transform solar energy to alternating current for the electrical grid.[23] In addition to his investment, Rodgers joined Enphase's board of directors.[24]

Board memberships

Rodgers also served as director of the Semiconductor Industry Association.[25]

Trustee of Dartmouth College

After successfully launching a petition drive to get his name on the ballot, Rodgers won the alumni trustee election of Dartmouth College in 2004,[26] becoming the first successful petition candidate since 1980.[27] He won with a comfortable margin.[28] As trustee, Rodgers’ major concerns were removing the College's speech code, increasing the budget for teacher salaries and strengthening Dartmouth's focus on undergraduate education.[29] Following the campaign of Rodgers, three additional independent trustees were elected in 2005 and 2007.[30] Rodgers was reelected as trustee in 2009.

Clos de la Tech

Rodgers began winemaking in 1996 on a one-acre vineyard surrounding his house in Woodside. Later he bought two additional vineyards and, along with his wife Valeta, Rodgers established the winery Clos de la Tech in the Santa Cruz Mountains of Silicon Valley. Clos de la Tech uses old French winemaking techniques of Domaine de la Romanée-Conti[31] to make five Pinot Noir wines. This includes stomping the grapes with feet and siphoning the wine by hand.[32] Also, no mechanized pumps are used.[33] Clos de la Tech combines these old techniques with high tech monitoring[34] and measures to optimize the conditions for the crops and to handle grapes and wine as gently as possible. Clos de la Tech's Pinot Noirs have been rated up to 96 points by Wine Enthusiast Magazine.[35] As winemaker, Rodgers invented a patented wine press and computer monitored fermenters. He also designed and built the first wireless wine fermentation network, comprising 152 fermenters, and donated the system worth US$3.5 million to the UC Davis winery.[36]

Comments on diversity

In 1996, Rodgers made headlines when Sister Doris Gormley, the Director of Corporate Social Responsibility for The Sisters of St. Francis of Philadelphia, sent him a form letter encouraging him to hire women and minorities on the Cypress board. He replied with a long letter defending his hiring practices and philosophy.[37] [38] In 1999,[39] he wrote an editorial in the San Jose Mercury News denouncing Jesse Jackson's attack[40] on Cypress Semiconductor on what Jackson claimed was discriminatory hiring practices.[41]

Personal life

Rodgers is an avid jogger and wine enthusiast. He is a supporter of several charities, including Second Harvest of Silicon Valley, and served as a trustee on the Dartmouth College Board of Trustees from 2004 to 2012.[42] He is the husband of Valeta Massey.[43]

Awards and recognition

1986:

1988:

1996:

1997

2000:

2001:

2002:

2005 :

2006:

2009:

Patents

1975
US3878552 – Bipolar Integrated Circuit and Method[46]
US3924265 – Low capacitance V groove MOS NOR gate and method of manufacture[47]

1976
US3975221 – Low capacitance V groove MOS NOR gate and method of manufacture[48]

1980
US4222063 – VMOS Floating gate memory with breakdown voltage loweringregion[49]
US4222062 – VMOS Floating gate memory device[50]

1981
CA1115426 – U-groove mos device[51]

1988
US5835401 – DRAM with hidden refresh[52]
US4764248 – Rapid thermal nitridized oxide locos process[53]

1999
US5977638 – Edge metal for interconnect layers[54]

2000
US6131140 – Integrated cache memory with system control logic and adaptation of RAM bus to a cache pinout[55]

2001
US6185126 – Self-initializing RAM-based programmable device[56]

2004
US6835616 – Method of forming a floating metal structure in an integratedcircuit[57]
US6730545 – Method of performing back-end manufacturing of an integrated circuit device[58]
US2004076712 – Fermentation tank wine press [59]

2005
US6903002 – Low-k dielectric layer with air gaps[60]
US6847218 – Probe card with an adapter layer for testing integrated circuits[61]

2006
US7045387 – Method of performing back-end manufacturing of an integrated circuit[62]

2007
US7227804 – Current source architecture for memory device standby current reduction[63]

2008
US2008315847 – Programmable floating gate reference[64]
US2008102160 – Wine-making press[65]

2009
US7507944 – Non-planar packaging of image sensor[66]

2017
US9624094 – Hydrogen barriers in a copper interconnect process[67]

Bibliography

See also

External links

Notes and References

  1. News: T.J. Rodgers, CEO and president of Cypress Semiconductor . Johnson . Steve . The Mercury News . August 20, 2010 . June 13, 2017.
  2. Web site: Cypress CEO to Step Down. www.cypress.com. July 27, 2017.
  3. Web site: A DAY IN THE LIFE OF ... / T.J. Rodgers. January 30, 2005.
  4. News: The Bad Boy of Silicon Valley. Bloomberg.com. December 9, 1991.
  5. Web site: The T.J. Rodgers '70 Book Prize . November 14, 2013 . Dartmouth Department of Chemistry . June 10, 2017.
  6. Web site: Cypress Semiconductor Losing Its CEO While Gaining a New Business From Broadcom . Darrow . Barb . Fortune . April 28, 2016 . June 13, 2017.
  7. Web site: Products . Cypress . June 13, 2017.
  8. T.J. Rodgers on Mergers, IoT, More . Merritt . Rick . EE Times . December 3, 2015 . June 13, 2017.
  9. News: Hot Growth: The Chips Have It . Hesseldahl . Arik . Bloomberg.com . Bloomberg . December 3, 2007 . June 13, 2017.
  10. Web site: Annual Report Pursuant to Section 13 or 15(d) of the Securities exchange act of 1934 . U.S. Securities and Exchange Commission . January 3, 2016 . June 13, 2017.
  11. News: Cypress Semiconductor replaces executive chairman amid proxy brawl with its founder . Silicon Valley Business Journal . June 13, 2017 . September 4, 2017.
  12. Web site: Burning Cypress: Ousted CEO wages bruising battle with company he built . Poletti . Therese . Market Watch . June 19, 2017 . September 4, 2017.
  13. News: Cypress Semi shareholders vote in dissident directors . Flaherty . Michael . Reuters . June 20, 2017 . September 4, 2017.
  14. News: Baker . Liana B. . Flaherty . Michael . Former Oracle board member dogged by links to China-backed chip deal . 29 July 2024 . June 16, 2017.
  15. News: China-backed Palo Alto PE investor says security isn't the reason for stalled U.S. deals . 29 July 2024 . bizjournals.com.
  16. News: Cypress Semiconductor reaches settlement with former CEO Rodgers . Reuters . July 5, 2017 . September 4, 2017.
  17. Web site: China eyeing up Imagination . Manners . David . Electronics Weekly . August 2, 2017 . September 4, 2017.
  18. Web site: T.J. Rodgers' Startup Strategy . Holahan . Catherine . Bloomberg . December 3, 2007 . May 30, 2017.
  19. Web site: T.J. Rodgers: Just Say No to Subsidies and Global Warming . Wesoff . Eric . Greentech Media . February 9, 2011 . May 30, 2017.
  20. Silicon Valley Can't Be Beat . Tanaka . Wendy . Forbes . March 19, 2008 . May 30, 2017.
  21. News: SunPower chairman wants to quit and return to roots . McBride . Sarah . Reuters . November 16, 2010 . May 30, 2017.
  22. Web site: Petaluma's Enphase Energy transforms to survive scorching solar competition . Dunn . James . Northbay Business Journal . February 13, 2017 . June 18, 2017.
  23. T.J. Rodgers Backs Renewable Energy Firm . McGrath . Dylan . EE Times . January 12, 2017 . June 18, 2017.
  24. Web site: Enphase gets investment from 2 Silicon Valley entrepreneurs . Renewables Now . January 11, 2017 . June 18, 2017.
  25. Web site: T.J. Rodgers Provides Investor Presentation For Cypress Stockholders . TheStreet . March 13, 2017 . July 24, 2017 .
  26. The Dartmouth Insurgency . Currie . Duncan . The Weekly Standard . April 25, 2005 . May 30, 2017.
  27. Web site: Dartmouth College, the Battle Over Parity & the Legal Notion of Fiduciary Duty . Smeallie . Kyle . Romero . Maria . Dartmouth's Daily Blog . May 30, 2017 . bot: unknown . https://web.archive.org/web/20120127093054/http://www.dartblog.com/data/media/Silverglate_Malchow_Fiduciary_Duty_9-09.pdf . January 27, 2012 .
  28. Web site: Dartmouth Against Democracy . Malchow . Joe . Dartmouth's Daily Blog . May 27, 2008 . May 30, 2017.
  29. News: Dartmouth Alumni Battles Become a Spectator Sport . Schemo . Diana Jean . The New York Times . June 21, 2006 . May 30, 2017.
  30. News: Battle Over Board Structure at Dartmouth Raises Passions of Alumni . Lewin . Tamar . The New York Times . September 8, 2007 . May 30, 2017.
  31. Web site: Stacey Vreeken, Wine Press: Clos de la Tech pursues pinot perfection, sparing no expense . Vreeken . Stacey . Santa Cruz Sentinel Food . September 24, 2013 . June 1, 2017.
  32. Web site: Clos de la Tech Wine: Combining Ancient Principles with Modern Technologies . Narasin . Ben . Edible Silicon Valley . July 13, 2015 . June 1, 2017.
  33. News: Chip icon TJ Rodgers turns his tech to winemaking . https://web.archive.org/web/20111111021019/http://blogs.reuters.com/mediafile/2011/11/09/chip-icon-tj-rodgers-turns-his-tech-to-winemaking/ . dead . November 11, 2011 . Randewich . Noel . Reuters . November 9, 2011 . June 1, 2017.
  34. Web site: A DAY IN THE LIFE OF ... / T.J. Rodgers . Zinko . Carolyne . SFGate . January 30, 2005 . June 1, 2017.
  35. Web site: Clos de la Tech . Wine Enthusiast Magazine . June 1, 2017.
  36. Web site: T.J. Rodgers completes world's first wireless wine fermentation network for UC Davis winery . Bailey . Pat . University of California Davis . January 8, 2013 . June 1, 2017.
  37. Profits vs. PC – A Silicon Valley CEO says no to boardroom quotas — on moral grounds . Rodgers . T. J. . . 1996-05-23 . … Thank you for your letter criticizing the lack of racial and gender diversity of Cypress's Board of Directors. I received the same letter from you last year. I will reiterate the management arguments opposing your position. Then I will provide the philosophical basis behind our rejection of the operating principles espoused in your letter, which we believe to be not only unsound, but even immoral, by a definition of that term I will present. .
  38. http://www.cypress.com/documentation/ceo-articles/cypress-ceo-responds-nuns-urging-politically-correct-board-make>
  39. News: Evangelista . Benny . Workforce Coalition Lashes Out at Rodgers: Cypress CEO had criticized Jesse Jackson's visit . 28 July 2024 . . Hearst Communications . March 3, 1999 . It's insulting that Jesse Jackson flies into the Silicon Valley, which I revere as one of the best places on earth and one of the most unprejudiced places on earth, and tells us we're prejudiced, he is ignorant about the situation here in the Silicon Valley..
  40. News: Cypress CEO strikes back at Jackson . 29 July 2024 . . April 12, 1999 . en.
  41. News: Valley Should Stand Up To Jackson's Divisive Tactics . . March 14, 1999 .
  42. Web site: Trustees Emeriti . . April 12, 2014. https://web.archive.org/web/20131030001812/http://www.dartmouth.edu/~trustees/emeriti/ . 2013-10-30 .
  43. Web site: Mercury News interview: T.J. Rodgers, CEO and president of Cypress Semiconductor. August 20, 2010.
  44. Web site: Board of Trustees . Dartmouth College . June 10, 2017.
  45. Web site: 2016 ENCORE Award . Stanford Graduate School of Business . October 10, 2016 . June 10, 2017.
  46. US . 3878552 . patent.
  47. US . 3924265 . patent.
  48. US . 3975221 . patent.
  49. US . 4222063 . patent.
  50. US . 4222062 . patent.
  51. CA . 1115426 . patent.
  52. US . 5835401 . patent.
  53. US . 4764248 . patent.
  54. US . 5977638 . patent.
  55. US . 6131140 . patent.
  56. US . 6185126 . patent.
  57. US . 6835616 . patent.
  58. US . 6730545 . patent.
  59. US . 2004076712 . patent.
  60. US . 6903002 . patent.
  61. US . 6847218 . patent.
  62. US . 7045387 . patent.
  63. US . 7227804 . patent.
  64. US . 2008315847 . patent.
  65. US . 2008102160 . patent.
  66. US . 7507944 . patent.
  67. US . 9624094 . patent.