SAN JOSE, Calif. -- (Business Wire)

Integrated Device Technology, Inc. (IDT^®) (NASDAQ:IDTI) today provided a statement regarding a Schedule 13D and 13D/A filed with the SEC on April 12, 2016 jointly by, and on behalf of, Libin Sun, Liang Xu, Haiping Zhou, Zhibin Lin, Junping Chen, Libin Yang and Nauman Aly. The Schedule 13D filing reports beneficial ownership by the group of approximately 6.6 million shares of IDT common stock, including options to purchase approximately 3.6 million shares, and representing approximately 4.9% of the 135.4 million shares outstanding as of February 5, 2016. The Schedule 13D also includes a copy of a letter that purports to constitute a preliminary non-binding proposal to acquire all of the outstanding shares of IDT common stock, not already beneficially owned by the group.

President & CEO Greg Waters stated, “These SEC filings represent the first and only information IDT has received from this group, and we have not had any communication whatsoever with any of these parties. At this time we are unaware of any other information that would support a determination that the group’s proposal represents a credible bona fide offer to purchase the company. IDT will evaluate any further information that may be received from the group to determine whether a genuine and credible offer exists.”

About IDT

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers' applications. IDT's market-leading products in timing, serial switching and interfaces are among the company's broad array of complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. Headquartered in San Jose, Calif., IDT has design, manufacturing, sales facilities and distribution partners 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, YouTube and Google+.

Forward Looking Statements

Investors are cautioned that forward-looking statements in this release, including but not limited to statements regarding demand for Company products, anticipated trends in Company sales, expenses and profits, involve a number of risks and uncertainties that could cause actual results to differ materially from current expectations. Risks include, but are not limited to, global business and economic conditions, fluctuations in product demand, manufacturing capacity and costs, inventory management, competition, pricing, patent and other intellectual property rights of third parties, timely development and introduction of new products and manufacturing processes, dependence on one or more customers for a significant portion of sales, successful integration of acquired businesses and technology, availability of capital, cash flow and other risk factors detailed in the Company’s Securities and Exchange Commission filings. The Company urges investors to review in detail the risks and uncertainties in the Company’s Securities and Exchange Commission filings, including but not limited to the Annual Report on Form 10-K for the fiscal year ended March 29, 2015. All forward-looking statements are made as of the date of this release and the Company disclaims any duty to update such statements.

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Contacts:

IDT Investor Relations
Suzanne Schmidt, 415-217-4962
suzanne@blueshirtgroup.com
or
IDT Worldwide Marketing
Dean Solov, 408-284-2608
dean.solov@idt.com

Source: Integrated Device Technology, Inc.