PMC-Sierra Announces RAID Development Agreement with IBM

Joint Technology Development Accelerates PMC-Sierra’s RAID Product Solutions for the Enterprise Server and Storage Markets

PMC-Sierra, Inc. (NASDAQ:PMCS) today announced a multi-year joint development agreement with IBM (NYSE:IBM) for RAID technology. Building on PMC-Sierra’s industry-leading 6Gbit/s SAS and 8Gbit/s Fibre Channel storage protocol controller family and IBM’s extensive RAID technology, this agreement is expected to accelerate the development and industry availability of innovative RAID chipset and software solutions, enabling the next generation of enterprise server and storage system designs.

“PMC-Sierra is committed to providing our customers with innovative, industry-leading storage chipset solutions,” said Bob Bailey, President and CEO of PMC-Sierra. “Our joint technology development program with IBM combines the strengths of two industry leaders to accelerate RAID product solutions for broad customer and industry benefit.”

“IBM continues to expand the scope of its successful innovation network strategy and develop new initiatives for collaborative R&D,” said Bernard Meyerson, IBM Fellow and Vice President of Strategic Alliances. “We are pleased to have PMC-Sierra as a RAID technology development partner and member of IBM’s innovation network.”

About PMC-Sierra’s Storage Products

PMC-Sierra is a leading provider of enterprise storage system solutions for networked (SAN/NAS) and server storage applications, with a broad portfolio of Fibre Channel and SAS/SATA protocol controllers, encryption protocol controllers, RAID controllers and disk interconnect products. PMC-Sierra’s Tachyon® protocol controllers, Fibre Channel loop switches, enclosure management controllers and maxSAS™ expander switches and multiplexers provide the most comprehensive solution for enterprise-class storage systems. Together, these products are providing end-to-end semiconductor and software solutions to the industry’s leading storage OEMs and ODMs. For more information, visit http://www.pmc-sierra.com/storage.

About IBM

For more information about IBM visit http://www.ibm.com.

About PMC-Sierra

PMC-SierraTM is a leading provider of broadband communications and storage semiconductors for metro, access, fiber to the home, wireless infrastructure, storage, laser printers, and fiber access gateway equipment. PMC-Sierra offers worldwide technical and sales support, including a network of offices throughout North America, Europe, Israel and Asia. The company is publicly traded on the NASDAQ Stock Market under the PMCS symbol. For more information, visit www.pmc-sierra.com.

© Copyright PMC-Sierra, Inc. 2008. All rights reserved. PMC and Tachyon are registered trademarks of PMC-Sierra, Inc. in the United States and other countries. PMC-SIERRA, PMCS, maxSAS and “Enabling connectivity. Empowering people.” are trademarks of PMC-Sierra, Inc. Other product and company names mentioned herein may be trademarks of their respective owners.

Contacts

PMC-Sierra:
Susan Shaw, +1 408-988-8515
susan_shaw {at} pmc-sierra(.)com
or
US Editorial:
Christian Bateman, +1 415-882-9494
batemanc {at} loomisgroup(.)com
or
China Editorial:
Jo Soo, +011 852-2837-4744
jo.soo {at} edelman(.)com
or
Japan Editorial:
Toshiyuki Okazaki, +011 81-3-5351-7614
okazakit {at} loomisgroup(.)com