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   20th Mar 09

 Gennum to acquire Tundra Semiconductor

Gennum Corporation and Tundra Semiconductor Corporation have signed definitive agreement allowing Gennum to acquire Tundra Semiconductor. The transaction is valued at approximately Cdn$86 million. Through this inorganic growth Gennum is now a bigger and better Canadian semiconductor company and paving way to expand its product portfolio more than what it has gained from Tundra.

Some of the notable business gains mentioned by Gennum include,
1. Added scale and increased market presence in an expanded, US$1.9 billion total addressable     market
2. A strongly positioned business in signal integrity, bridges and switches using RapidIO,
    VME, SDI and HDMI standards, as well as in PCI Express (PCIe)

Gennum believes that by combining the digital expertise, application knowledge and high-speed interconnect products of Tundra with its high-speed signal integrity portfolio and IP, Gennum will accelerate its ability to provide solutions with more integrated functionality to a broader set of markets such as telecommunications, computing and storage.

"Through the acquisition of Tundra, Gennum is positioned to achieve its strategic and financial objectives more quickly and accelerate the development of highly differentiated, high-speed interconnect and signal integrity products," said Dr. Franz Fink, President and Chief Executive Officer of Gennum. "We believe that Tundra's strong position with leading communications systems OEMs, particularly in the telecommunications market, as well as its global sales network and foundation of talented employees, will increase Gennum's ability to provide more, high value products to a broader set of markets and will result in increased opportunities for the combined company to grow its business."

"We believe that the acquisition of Tundra will create a much stronger combined company, capable of expanding the served markets and applications for our products," said Daniel Hoste, President and Chief Executive Officer of Tundra. "By integrating our recognized expertise in high-speed digital products and technologies, talented employees, and extensive sales networks, with Gennum's organization we will increase shareholder value and create new opportunities for the long-term success. Combined, we believe we will create a formidable competitor that is well positioned in high-speed interconnect markets that require signal integrity."

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