Date Closed

June 29, 2009

Lead Office

Toronto

Value

120.80 Million CAD

On June 29, 2009, Integrated Device Technology ("IDT"), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, announced the closing of its acquisition of all of the shares of Tundra Semiconductor Corporation for aggregate cash consideration of approximately C$120.8 million.

The Tundra acquisition is expected to strengthen the IDT product portfolio of serial switching and bridging using PCI Express®, Rapid IO® and VME interconnect standards. Additionally, the Tundra technology, combined with the IDT mixed signal product portfolio and channel capabilities, is intended to further reinforce the IDT leadership in interconnect solutions for the communication, computing and embedded segments.

IDT, headquartered in San Francisco, California, integrates its fundamental semiconductor heritage with essential innovation, developing and delivering low-power, mixed signal solutions that solve customer problems.

Tundra Semiconductor Corporation, headquartered in Ottawa, Ontario, supplies communications, computing and storage companies with System Interconnect products, intellectual property (IP) and design services backed by customer service and technical support.

McCarthy Tétrault LLP acted as Canadian counsel to IDT, as acquiror, with a team led by David Woollcombe.