8/6/2002 - IDT (Integrated Device Technology), a leading communications IC company, furthered its position as the leading vendor of switching and routing semiconductors by shipping its one millionth IP co-processor. This milestone is the industry's first, and was achieved in less than two and a half years since IDT's initial product shipment, demonstrating the company's commitment and capability to provide innovative IP co-processor solutions in volume production quantities.
"The shipment of IDT's one millionth IP co-processor speaks to the reality and potency of this emerging network search engine market area," said Jag Bolaria, senior analyst at the Linley Group. "In a competitive market segment, IDT has built upon its solid technological foundation and understanding of customer requirements, and has proven itself to be a premier supplier of IP co-processor devices."
Based on the integration of content addressable memory (CAM) and high-performance logic, IDT's IP co-processors support network processor units (NPUs) and application specific integrated circuits (ASICs) to accelerate deep packet classification and forwarding in core, metro and access networks. IDT offers the industry's broadest portfolio of IP co-processors, with its family of pin- and software-compatible ASIC-based devices, and with IP co-processors that glue-lessly interface to network processors from leading NPU vendors, including AMCC and Intel.
"With more than 20 years of experience in supplying communications ICs, standard logic and specialty memories, we deliver best-in-class quality in high volume and are pleased to lead the industry in this competitive market space," said Dave Cech, director of tactical marketing for IDT's IP co-processors. "This milestone exemplifies our consistent time-to-production abilities, as well as our continuing commitment to provide the highest-value proposition through a combination of innovative product features, accelerated time to market and device quality."
About IDT (www.idt.com)
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 IP co-processors, integrated communications processorsand telecom products. The portfolio is also comprised of key foundational 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® 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® (NDX), which includes the largest non-financial companies on the Nasdaq Stock Market. Additional information about IDT is easily accessible by calling (800) 345-7015. The investor hotline is (408) 654-6420.
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