*AV*--For the IDTI'ers out here that haven't seen the release yet.
Tuesday March 17, 9:02 am Eastern Time
Company Press Release
IDT Signs Foundry Agreement With IBM to Increase Capacity for
IDT WinChip Microprocessors
SANTA CLARA, Calif.--(BUSINESS WIRE)--March 17, 1998--Integrated Device Technology, Inc. (IDT) announced today it has signed a foundry agreement with IBM using their 0.25-micron, 2.5-volt IBM Blue
Logic(TM) technology to manufacture IDT WinChip(TM) C6+(TM) microprocessors.
The three-year agreement, which also includes the production of future generations of the IDT WinChip microprocessor, allows IDT access to IBM's leading-edge semiconductor manufacturing technology and provides
IDT with the additional capacity needed to meet demand in the fast-growing, low-cost PC market.
''Manufacturing WinChip microprocessors in both IDT's and IBM's 8-inch wafer fabrication plants gives our customers confidence that IDT will have adequate supply to meet their requirements,'' said Len Perham, IDT's president and chief executive officer.
''This agreement provides us with the necessary capacity and flexibility to meet the volume requirements for all of
IDT's various product lines,'' stated Mike Hunter, vice president of worldwide manufacturing at IDT. ''Additionally, we can be in production simultaneously on various WinChip products aimed at different target markets.''
IBM will use its state-of-the-art 0.25-micron CMOS process technology to manufacture the IDT WinChip processors at its eight-inch wafer fabrication facility in Burlington, Vt.
''We look forward to participating in the production of IDT's innovative WinChip processors,'' said Ken Torino, director of semiconductor contract manufacturing at IBM. ''Our advanced manufacturing capabilities are a strong match with IDT's requirements for a high-quality, cost-effective source.''
The IDT WinChip C6+ processor has been designed with a highly silicon-efficient architecture to reduce die size and lower power consumption, making it an ideal solution for the sub-$1,000 PC desktop and sub-$2,000 mobile PC market segments.
''Our manufacturing strategy has played a big role in allowing us to deliver processors with the best performance per watt and per dollar,'' said Glenn Henry, IDT senior vice president and president of Centaur Technology. ''And now, by matching our production roadmap with IBM's manufacturing expertise, IDT expects to increase significantly the performance and features of future WinChip processors, without compromising our size, power or cost advantages.''
Wafer production for current and future IDT WinChip processors will also be handled by IDT's manufacturing facilities in Hillsboro, Ore. and San Jose, Calif. Both locations are in production at 0.30-micron and are presently moving to 0.25-micron. More information on the IDT WinChip can be found at winchip.com.
About IDT
Integrated Device Technology, Inc. (IDT) enables a digitally connected world by providing innovative semiconductor solutions to leading-edge designers in communications and computing. IDT's broad product mix
consists of communications memories, networking devices, both RISC and X86 microprocessors, high-speed SRAMs and high-performance logic.
The company's innovative technologies and products take aim at markets expected to exceed a total of $20 billion in 1998.
Headquartered in Santa Clara, Calif., the company employs approximately 4,800 people worldwide and has manufacturing facilities in California, Oregon, the Philippines and Malaysia. IDT stock is traded on the NASDAQ stock market under the symbol ''IDTI.'' Additional information about IDT is easily accessible through the World Wide Web (http://www.idt.com), CD-ROM by calling 800/345-7015, or via fax-on-demand at 800/9-IDT-FAX.
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, pricing, patent and other intellectual property rights of third parties, timely development and supply of new products, 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 WinChip and C6+ are trademarks of Integrated Device Technology, Inc. IBM Blue Logic is a trademark of International Business Machines Corporation. Integrated Device Technology, Inc. disclaims any proprietary interest in the trademarks of others. |
