Two compact yet high performance standard cell libraries (CyHP libraries), which contain only 11111111 and 20 cells respectively, are proposed. The first CyHP library leads to 5% increase in delay compared to a library containing about 400 cells. The second CyHP library suppresses delay increase up to 2%. The compact nature of these libraries not only reduces the cost and time for generation and maintenance substantially (thus enables new technologies to be adopted immediately), but also shortens synthesis time to about a half. Application results of these libraries to standard benchmarks and an industry design of about 80K gates are presented.