InvenSense, Inc.: InvenSense(TM) To Acquire MEMS Microphone Business Line From Analog Devices, Incorporated

InvenSense, Inc.: InvenSense(TM) To Acquire MEMS Microphone Business Line From
                         Analog Devices, Incorporated

   Acquisition Expected to Accelerate InvenSense Audio Roadmap and Increase
  Available Market by bringing in Expanded Product Portfolio and Technology
                                  Expertise

                                      

San Jose, California, October 14, 2013 - InvenSense, Inc. (NYSE: INVN), the
leading provider of MotionTracking^(TM)system on chip devices and Analog
Devices, Inc. (NASDAQ:ADI), announced that the companies have entered into a
definitive purchase agreement for InvenSense to acquire all of the assets of
ADI that are exclusively related to ADI's MEMS microphone business line (MBL)
including intellectual property, goodwill and certain tangible and intangible
assets. InvenSense will also assume certain specified liabilities of ADI
related to the MBL.

The acquisition of ADI's MBL is expected to accelerate InvenSense's audio
roadmap and complement its current MEMS System on Chip (SoC) product offerings
at existing mobile, gaming and wearable device customers, while gaining entry
into new markets. The acquisition also is intended to expand InvenSense's
patent portfolio and existing tier one customer base, which includes major OEM
brands worldwide.

The transaction includes approximately 30-40 of ADI's core employees within
the MPL product line and certain support operations, located primarily in
Wilmington, MA, Bratislava, Slovakia and Shanghai, China. ADI's MBL product
line includes all MEMS microphone devices and complete turnkey reference
designs.

"Our fabless MEMS business model and our leadership in MotionTracking
solutions have positioned us for significant growth in the coming years in our
existing markets" said Behrooz Abdi, President & Chief Executive Officer,
InvenSense, Inc. "Audio is fast becoming complementary to motion as a means
for interacting with contextually aware devices and applications, with an
increasing attach rate of 2-3 microphones per high-end phone. With this
acquisition, we are excited to welcome an exceptionally experienced team into
InvenSense that will enable us to significantly scale our audio product
portfolio, accelerate our time to market, and achieve long-term growth in the
broader sensor SoC market."

In connection with the acquisition, InvenSense will pay $100 million in cash
in exchange for ADI's MBL assets. Additional cash consideration may be payable
upon achievement over 12 months of certain mutually agreed upon financial
targets. The board of directors of each company has approved the transaction
and stockholder approval of the transaction is not required by either company.
The closing, which is targeted to occur during October 2013, remains subject
to customary closing conditions. In connection with the transaction, ADI will
provide certain transition related services to InvenSense, which includes
supplying MBL inventory for a limited period of time following the sale.
InvenSense may record one-time costs for transaction expenses and purchased
in-process research and development expenses related to the acquisition in the
quarter in which the transaction closes. The amount of those costs, if any,
has not yet been determined. Other than these one-time costs, the transaction
is not expect to significantly impact earnings for the balance of InvenSense's
fiscal year ending March 2014 and is expected to be accretive to earnings
thereafter.

Conference Call Information

InvenSense management will include comments about the asset acquisition and
answer investor questions during its regularly scheduled investor conference
call currently scheduled to be held at 1:30 pacific standard time October 29,
2013 . To listen to the conference call, please dial (877) 474-9506 ten
minutes prior to the start of the call, using the passcode 10491885.
International callers, please dial (857) 244-7559. A taped replay will be
made available approximately two hours after the conclusion of the call and
will remain available for one week. To access the replay, please dial (888)
286-8010 and enter passcode 84781939. International callers please dial (617)
801-6888.

The conference call will be available via a live webcast on the investor
relations section of InvenSense's web site at www.invensense.com/ir. An
archived webcast replay will be available on the web site for three months.

About InvenSense
InvenSense Inc. (NYSE: INVN) is the world's leading provider
ofMotionTracking^(TM)solutions for consumer electronic devices. The
company's patentedInvenSensePlatform and patent-pending MotionFusion^(TM)
technology address the emerging needs of many mass-market consumer
applications via improved performance, accuracy, and intuitive motion- and
gesture-based interfaces. InvenSense technology can be found in consumer
electronic products including smartphones, tablets, gaming devices, optical
image stabilization, and remote controls for Smart TVs. The company's
MotionTracking products are also being integrated into a number of industrial
applications. InvenSense is headquartered in San Jose, California and has
offices in China, Taiwan, Korea, Japan, and Dubai. More information can be
found atwww.invensense.com.

Forward-Looking Statements

Statements in this press release that are not historical are "forward-looking
statements" as the term is defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are generally written in the future
tense and/or preceded by words such as "will," "expects," "anticipates," or
other words that imply or predict a future state. Forward-looking statements
include any statements in this press release concerning the future performance
of the microphone business line and the impact of the acquisition on our
future product offerings, customer penetration and financial performance,
including the expansion of our customer base, the potential for us to sell new
audio product offerings to existing customers, our entry into new markets, the
acceleration of our audio roadmap, the increasing penetration of audio
solutions into high-end phones, the transaction not having a significant
impact on our financial performance for the fiscal year ending March 31, 2014
and the transaction being accretive to our earnings thereafter. Investors are
cautioned that all forward-looking statements in this release involve risks
and uncertainty that can cause actual results to differ from those currently
anticipated, due to a number of factors, including without limitation, the our
achievement of design wins for our new product offerings, intense competition
in our industry; our dependence on a limited number of customers; our entry
into a new product market, our ability to continue to develop and introduce
new and enhanced products on a timely basis; difficulties in integrating a
newly acquired business organization with our own, including managing teams in
new geographic locations, as well as transitioning existing business processes
to our own platform, and changes in economic conditions in our markets, as
well as other risk factors discussed in documents filed by us with the
Securities and Exchange Commission (SEC) from time to time. Copies of
InvenSense`s SEC filings are posted on the company`s website and are available
from the company without charge. Forward-looking statements are made as of
the date of this release, and, except as required by law, the company does not
undertake an obligation to update its forward-looking statements to reflect
future events or circumstances.

©2013 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking,
MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, and the
InvenSense logo are trademarks of InvenSense, Inc. Other company and product
names may be trademarks of the respective companies with which they are
associated.

                                    # # #

For Investor Inquiries, Contact:
Alan Krock
Chief Financial Officer
InvenSense, Inc.
ir@invensense.com

David Almoslino
Senior Director
Marketing and Communications
InvenSense, Inc.
408.501.2278
pr@invensense.com

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Source: InvenSense, Inc. via Thomson Reuters ONE
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