IDT Completes Acquisition of Solidum Systems and Extends Leadership in Packet Processing Market

Business Wire, Oct 8, 2002

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 8, 2002

IDT(TM) (Integrated Device Technology, Inc.; Nasdaq:IDTI), a leading communications IC company and the leading provider of network search engines, today announced that it has completed its acquisition of Solidum Systems, a leading provider of classification and content inspection processing solutions. Solidum has now become IDT Canada, Inc., a wholly owned subsidiary of IDT, and will work in conjunction with IDT's IP co-processor division to develop next-generation products to accelerate intelligent packet processing. This acquisition combines the packet processing strengths of two industry leaders and allows for IDT to provide a complete Layer 2-7 classification solution.

About IDT

IDT enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks. IDT is focused on enhancing system bandwidth with communications-specific products including integrated communications processors, IP co-processors and telecom products. The portfolio is also comprised of key support products optimized for communications applications, including the industry's broadest selection of FIFOs, multi-ports, and clock management products. In addition, the product mix includes high-performance digital logic and high-speed SRAMs to meet the requirements of leading communications companies.

Headquartered in Santa Clara, Calif., the company employs approximately 3,500 people worldwide and has a wafer manufacturing facility in Oregon, and test and assembly facilities in the Philippines and Malaysia. IDT stock is traded on the Nasdaq Stock Market(R) under the symbol "IDTI." The company is included in the S&P 1000, which is a combination of the S&P MidCap 400 and S&P SmallCap 600 Indices, as well as the Nasdaq-100 Index(R) (NDX), which includes the largest non-financial companies on the Nasdaq Stock Market. Additional information about IDT is easily accessible at www.idt.com or on CD-ROM by calling (800) 345-7015. The investor hotline is (408) 654-6420.

Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, manufacturing capacity and costs, competition, pricing, patent and other intellectual property rights of third parties, timely development and supply of new products and manufacturing processes, availability of capital, cash flow and other risk factors detailed in the Company's Securities and Exchange Commission filings. Actual results may differ materially from the Company's projections.

Note to Editors: IDT is a trademark and the IDT logo is a registered trademark of Integrated Device Technology, Inc. All other trademarks mentioned are the property of their respective owners.