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U.S. Federal Trade Commission to Challenge IDT’s Proposed Acquisition of PLX Technology



  U.S. Federal Trade Commission to Challenge IDT’s Proposed Acquisition of PLX
  Technology

Business Wire

SAN JOSE, Calif. -- December 19, 2012

Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI), the Analog and
Digital Company™ delivering essential mixed-signal semiconductor solutions
today announced that the United States Federal Trade Commission (“FTC”) has
filed an administrative complaint challenging IDT’s proposed acquisition of
PLX Technology.

IDT is disappointed with the FTC’s decision to challenge the acquisition. The
company intends to review the FTC’s complaint and respond appropriately.

About IDT

Integrated Device Technology, Inc., the Analog and Digital Company™, develops
system-level solutions that optimize its customers’ applications. IDT uses its
market leadership in timing, serial switching and interfaces, and adds analog
and system expertise to provide complete application-optimized, mixed-signal
solutions for the communications, computing and consumer segments.
Headquartered in San Jose, Calif., IDT has design, manufacturing and sales
facilities throughout the world. IDT stock is traded on the NASDAQ Global
Select Stock Market® under the symbol “IDTI.” Additional information about IDT
is accessible at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, and
YouTube.

Additional Information

This press release is for informational purposes only and shall not constitute
an offer to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. Any offer with respect to
the acquisition of PLX Technology will only be made through the prospectus,
which is part of the registration statement on Form S-4, which contains an
offer to purchase, form of letter of transmittal and other documents relating
to the exchange offer, as well as the Tender Offer Statement on Schedule TO
(collectively, and as amended and supplemented from time to time, the
“Exchange Offer Materials”), each initially filed with the U.S. Securities and
Exchange Commission (the “SEC”) by IDT on May 22, 2012. The registration
statement has not yet become effective. In addition, PLX Technology filed with
the SEC on May 22, 2012 a solicitation/recommendation statement on Schedule
14D-9 (as amended and supplemented from time to time, the “Schedule 14D-9”)
with respect to the exchange offer. Investors and security holders are urged
to carefully read these documents and the other documents relating to the
transactions because these documents contain important information relating to
the exchange offer and related transactions. Investors and security holders
may obtain a free copy of these documents, as filed with the SEC, and other
annual, quarterly and special reports and other information filed with the SEC
by IDT or PLX Technology, at the SEC’s website at www.sec.gov. In addition,
such materials will be available from IDT or PLX Technology, or by calling
Innisfree M&A Incorporated, the information agent for the exchange offer,
toll-free at (877) 456-3463 (banks and brokers may call collect at (212)
750-5833).

Forward-Looking Statements

Certain statements in this press release may contain forward-looking
statements relating to IDT, including expectations for IDT’s proposed
acquisition of PLX. All statements included in this press release concerning
activities, events or developments that IDT expects, believes or anticipates
will or may occur in the future are forward-looking statements.
Forward-looking statements are based on current expectations and projections
about future events and involve known and unknown risks, uncertainties and
other factors that may cause actual results and performance to be materially
different from any future results or performance expressed or implied by
forward-looking statements, including the following: uncertainties as to the
timing of the exchange offer and the subsequent merger; uncertainties as to
how many of PLX’s stockholders will tender their shares of common stock in the
exchange offer; the risk that the exchange offer and the subsequent merger
will not close because of a failure to satisfy one or more of the offer
closing conditions (including regulatory approvals); the risk that the
announcement and pendency of the transactions may make it more difficult to
establish or maintain relationships with employees, suppliers and other
business partners; the risk that stockholder litigation in connection with the
exchange offer or the merger may result in significant costs of defense,
indemnification and liability; the risk that IDT’s or PLX’s business will have
been adversely impacted during the pendency of the exchange offer and the
merger; the risk that the operations of the companies will not be integrated
successfully; the risk that the expected cost savings and other synergies from
the transaction may not be fully realized, realized at all or take longer to
realize than anticipated; and other economic, business and competitive factors
affecting the businesses of IDT and PLX generally, including those set forth
in the filings of IDT and PLX with the SEC from time to time, including their
respective annual reports on Form 10-K and quarterly reports on Form 10-Q,
their current reports on Form 8-K and other SEC filings. These forward-looking
statements speak only as of the date of this communication and neither IDT nor
PLX undertakes any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events and
developments or otherwise, except as required by law.

  IDT and the IDT logo are trademarks or registered trademarks of Integrated
 Device Technology, Inc. All other brands, product names and marks are or may
 be trademarks or registered trademarks used to identify products or services
                         of their respective owners.

Contact:

Financial Contact:
IDT Investor Relations
Mike Knapp, 408-284-6515
mike.knapp@idt.com
or
Press Contact:
IDT Worldwide Marketing
Graham Robertson, 408-284-2644
graham.robertson@idt.com
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