Profile: Integrated Device Technology, Inc. (IDTI.O)

Integrated Device Technology, Inc. (IDT), incorporated in 1980, designs, develops, manufactures and markets a range of semiconductor solutions for the advanced communications, computing and consumer industries. IDT provides a portfolio of semiconductor solutions, including integrated circuits (ICs) that enable digital media to be transported, processed and delivered in communications, computing and consumer applications. During the fiscal year ended March 29, 2009, (fiscal 2009), the Company had five operating segments: Communications, Networking, Enterprise Computing, Computing and Multimedia, and Video and Display. During fiscal 2009, the Communications and Networking operating segments were aggregated into Communications segment, while Enterprise Computing, Computing and Multimedia, and Video and Display operating segments were aggregated into Computing and Consumer segment. On October 20, 2008, the Company completed the acquisition of certain video signal processing technology and related assets of the Silicon Optix, a fabless semiconductor company based in San Jose, California. In June 2009, IDT completed the acquisition of Tundra Semiconductor Corporation. On January 14, 2010, the Company announced that it has acquired Mobius Microsystems.

Communications segment includes network search engines (NSEs), clock and timing solution, RapidIO switching solutions, flow-control management devices, First-in/first-out (FIFOs), multi-port products, integrated communications processors, high-speed SRAM, military application, digital logic, telecommunications. Computing and Consumer segment includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, personal computer (PC) audio and video products. During fiscal 2009, Communications, and Computing and Consumer segments accounted for approximately 46% and 54%, respectively, of the Company’s total revenues.

Communications Segment

Communication Clocks are created for networking, communications (SONET/SDH), advanced computing (servers and workstations) and enterprise storage (SAN & NAS) applications. Its communication clocks include frequency generation and clock distribution products enabling clock-tree development, clock synthesizers optimized for Freescale PowerQUICC processors, FemtoClocks ultra-low jitter clock sources, Stratum-compliant jitter attenuation and frequency translation PLLs, surface acoustic wave (SAW) PLL communications modules and voltage-controlled SAW oscillator modules. The Company is a provider of timing solutions, offering a portfolio of products for clock generation, distribution, recovery and jitter attenuation to serve numerous computing, consumer and communications applications. The Company provides fast complementary metal-oxide semiconductor (CMOS) TTL-compatible, low-voltage CMOS and advanced low-voltage CMOS, including a range of high-performance, 3.3-volt CMOS logic products. These products are developed for network switches and routers, wireless base stations, storage networks, servers and other applications.

The Company develops products and technologies to help designers solve inter-chip communications problems, such as rate matching, data buffering, bus matching and data-priority managing. It provides product portfolio with more than 350 synchronous, asynchronous and bi-directional FIFO offerings that address complex issues associated with high-performance networking applications, such as terabit routers, multi-service switching platforms, host bus adaptors and wireless base stations.

Primarily through Micro Networks subsidiary, the Company supplies data conversion products (amplifiers, analog-to-digital (A/D) and digital-to-analog (D/A) converters) and custom application specific integrated circuits (ASIC) and multi-chip modules (MCM) for weapons and flight control systems to the United States government and prime contractors. The Company offers a portfolio of multi-port memory products. Its portfolio consists of more than 150 types of asynchronous and synchronous dual-ports, tri-ports, four-ports and bank-switchable dual-ports. These devices are well-suited for wireless infrastructures, networking, storage, wireless handsets, high-speed image processing and multi-core computing, such as supercomputers. Its family of NSEs and search accelerators are based on the integration of ternary content addressable memory (TCAM) and high-performance logic. IDT search accelerators and NSEs support network processing units and application-specific integrated circuits (ASICs) or field-programmable gate arrays (FPGAs) and enable intelligent application management in networking equipment. Its portfolio includes a family of custom devices, as well as devices with high-performance interfaces for ASICs, and glue-less interfaces to network processors, to accelerate packet classification and forwarding in core, metro, enterprise, wireless and access networks. The IDT search accelerator family allows for the delivery of one billion searches per second performance, integrated error correction code (ECC), and an IPv6-optimized 80-bit dual data rate (DDR) interface.

The Company’s family of Serial RapidIO products provides wireless base station infrastructure applications; specifically baseband processing solutions that utilize DSP clusters, as well as radio card interface solutions utilizing the Common Public Radio Interface (CPRI) industry standard. The Central Packet Switch (CPS) family addresses the needs of switching data between multiple endpoints without pre-processing of the data. These switches are ideal for central switch cards, as well as baseband processing cards. The Serial Buffer family of devices provides all the necessary buffering and storage of data at full 10 gigabytes line rates, as well as parallel interfaces to enable the use of legacy components over a non-Serial RapidIO interface. The Functional InterConnect (FIC) devices offers connectivity between Serial RapidIO, CPRI, TDM, and parallel interfaces.

The Company produces a line of high-speed, industry-standard SRAMs that are used in the communications and other markets. It offers a range of products from 16- kilobit to 18-megabit densities in both synchronous and asynchronous architectures. It offers telecommunications semiconductor portfolio, including products for access and transport, time-division multiplex (TDM) switching and voice processing. In addition, it provides products for multiplexing and a selection of time slot interchange switches and programmable voice CODEC devices for high-volume applications.

Computing and Consumer Segment

Computing and Consumer segment includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, PC audio and video products. The Company’s high-definition (HD) Audio codecs ensure that PCs and notebooks have the audio fidelity in the market. Its portfolio supports from 2 to 10 channels of audio along with technologies, such as integrated digital microphone interface, modem interface and ADAT optical interface. Optimized for digital consumer applications, such as video game consoles, set-top boxes (cable satellite and Internet protocol/digital subscriber line), digital television (TV) and digital video disc (DVD) recorders, its consumer clocks consist of both custom and off-the-shelf solutions. Products include programmable timing devices that address in-system programming and test, clock redundancy and I/O translation. Its other consumer clocks include zero-delay buffers, clock synthesizers, voltage-controlled crystal oscillators and spread-spectrum clock generators. Its PC clocks offers a combination of features and high performance, enabling technologies, such as PCI Express (Generation 1 and 2), as well as fully-buffered dual in-line memory modules In addition, it also provide customized clock solutions, offering optimized feature sets to meet the needs of specific motherboards. It offers portfolio of PC clock products for all generations of Intel, ATI Technologies, Via Technologies, Silicon Integrated Systems (SiS) Corp. and AMD motherboards.

The Company’s Interprise family of integrated communications processors consists of a range of processors and development tools. Its family of peripheral component interconnect express (PCI Express or PCIe) switching solutions is focused at high-performance server, storage, embedded and communications applications. Its PCIe Gen1 and Gen2 devices are optimized for I/O expansion, as well as devices optimized for systems interconnect and inter-domain communications, ultimately offering its customers PCIe switching portfolio. It offers advanced mixed-signal video interfaces based on the DisplayPort standard. Its PanelPort timing controller and receiver devices are based upon the DisplayPort standard. Additionally, it provides mixed-signal interface products that complement its consumer timing products. Products include low voltage differential signaling (LVDS) display interface chips, high definition media interface (HDMI) receiver chips and triple-ADC (analog-to-digital converter) video samplers. It also offers IDT Hollywood Quality Video HQV video processing through its Reon family of video processors.

The Company competes with LSI, Cypress Semiconductor, Exar, Freescale Semiconductor, Infineon Technologies, Integrated Silicon Solutions, Intel, Maxim Integrated Products, NetLogic Microsystems, NEC, Pericom Semiconductor, Philips Electronics, PLX Technology, Realtek Semiconductor, Renesas Technology, Samsung Electronics, STMicroelectronics, Texas Instruments, Toshiba, Tundra Semiconductor, Analog Devices, Inphi, Silicon Laboratories, Montage, Diablo and Zarlink Semiconductor.