Q1 Revenue of $118.0 Million, up 9 Percent Q/Q
Record Sales of RapidIO® Solutions, Strong
Recovery in Core Business
The divestiture of its PCI Express enterprise flash controller
business to PMC-Sierra for approximately $96 million in cash.
The industry’s first low-power quad 16-bit DACs with high-speed
JESD204B interface enabling wide bandwidth support and simplified
board routing in 4G multi-carrier broadband wireless applications.
A low-noise timing chipset for wireless base station radio cards,
offering engineers the tools needed to solve phase noise-related
challenges and build cutting-edge wireless systems.
The World’s lowest jitter Synchronous Ethernet single-chip timing
solution that reduces jitter by over 50 percent versus competing
solutions and meets the industry’s most stringent 10G or 40G Ethernet
Breakthrough timing architectures enabling the industry’s lowest phase
noise VCO and fractional output divider. The new designs empower
customers to solve phase noise-related challenges in high-performance
communication and networking applications.
A cross-platform power management solution system-validated by Intel,
for Intel® Atom™ processors, Intel® Xeon® processors and Intel® Core™
processors. IDT’s innovative distributed power solution offers
tremendous flexibility for point-of-load regulation, circuit board
routing, and thermal distribution.
The industry’s most integrated WPC 1.1 Qi-certified wireless power
transmitters, offering wireless charger manufacturers the smallest
application footprint and bill-of-materials (BOM) of any solution on
the market today.
Its wireless power transmitter has been selected for TYLT’s
award-winning “VÜ” wireless charging base. IDT’s solution was selected
for its multi-coil support, compact size, reduced bill-of-materials
(BOM), functional flexibility, programmability, and superior customer
SAN JOSE, Calif.--(BUSINESS WIRE)--
Integrated Device Technology, Inc. (IDT® or the Company)
(NASDAQ: IDTI), the Analog and Digital Company™ delivering essential
mixed-signal semiconductor solutions, today announced results for the
fiscal first quarter ended June 30, 2013.
“We were pleased to deliver Q1 results that were ahead of our prior
projections,” said Dr. Ted Tewksbury, president and CEO of IDT. “Revenue
from RapidIO solutions serving our 4G/LTE base station customers hit
record levels and sales from our core timing and memory interface
product lines improved significantly from the prior quarter. We also
expanded operating margins through continued improvements in gross
margin and persistent focus on cost controls.”
“We’re off to a strong start for fiscal 2014 with improving fundamentals
and leadership positions in timing, wireless power and interfaces. With
major product declines behind us, new products designed in and revenue
ramping, our attention is focused on continued operating margin
expansion. We remain committed to delivering 60 percent non-GAAP gross
margins and 20 percent non-GAAP operating margins through growth in our
core and new product businesses combined with judicious cost reductions.”
IDT recently announced: