NetLogic Microsystems Completes Acquisition of Network Search Engine Assets from Integrated Device Technology

NetLogic Microsystems, Inc. (NASDAQ:NETL), a leader in the design and development of knowledge-based processors and high-speed integrated circuits, today announced that it has completed its acquisition of certain assets associated with Integrated Device Technology Inc.’s (IDT) network search engine products.

The acquisition includes IDT’s search accelerator, network search engine and route accelerator product families and related patents and intellectual property. These products and technologies will complement and further expand NetLogic Microsystems’ existing portfolio of knowledge-based processors, NETLite™ processors and network search engines, and will further strengthen the relationships with NetLogic Microsystems’ customer base.

Under the terms of the agreement, NetLogic Microsystems paid IDT $90 million in cash plus an additional $10 million in cash for the cost of inventory which will be adjusted subsequent to the closing to reflect the actual inventory on hand.

About NetLogic Microsystems

NetLogic Microsystems, Inc. (NASDAQ:NETL), a fabless semiconductor company headquartered in Mountain View, California, designs, develops and markets high-performance knowledge-based processors and high-speed integrated circuits that accelerate the delivery of voice, video, data and multimedia content for advanced enterprise, datacenter, communications and mobile wireless networks. NetLogic Microsystems’ products include high-performance knowledge-based processors, application-aware content processors, 10-Gigabit Ethernet interconnects and network search engines that are being deployed by Tier 1 original equipment manufacturers (OEMs) in leading systems such as routers, switches, wireless infrastructure equipment, network security appliances, datacenter servers, network access equipment and network storage devices. NetLogic Microsystems’ knowledge-based processors and content processors employ an advanced processor architecture and a large knowledge or signature database containing information on the network, as well as applications and content that run on the network, to make complex decisions about individual packets of information traveling through the network. NetLogic Microsystems’ products significantly enhance the performance and functionality of next-generation networks that are designed to deliver high-definition video delivery over the Internet (IPTV), media-rich content over advanced mobile wireless services, voice transmission over the Internet (VoIP) and network security applications. For more information about products offered by NetLogic Microsystems, call +1-650-961-6676 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.

NetLogic Microsystems, the NetLogic Microsystems logo and NETLite are trademarks of NetLogic Microsystems, Inc. All other trademarks are the properties of their respective owners.

Contacts

NetLogic Microsystems
Mike Tate, 650-230-5708
mtate {at} netlogicmicro(.)com
or
Green Communications Consulting, LLC
Leslie Green, 650-312-9060 (Investor Relations)
leslie {at} greencommunicationsllc(.)com