IDT Appoints New Member to Board of Directors
Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions today announced that Norm Taffe has joined its Board of Directors.
“Norm is an outstanding addition to our Board of Directors and we believe the company will benefit from his valuable insights and extensive experience,” said John Schofield, chairman of the IDT Board of Directors. “Norm brings significant knowledge of mixed-signal engineering, product definition and marketing from his management and leadership roles in the semiconductor industry.”
Mr. Taffe currently serves on the board of directors of Cypress Envirosystems -- a Cypress Semiconductor-funded company that develops system-level products for reducing energy costs with wireless technology. Mr. Taffe also served as executive vice president of Cypress Semiconductor where he ran the Consumer and Computation Division, including the PSoCTM microcontroller business -- the largest and fastest growing business within the company. Under Norm's leadership, revenue in the Consumer and Computation Division grew to over $400 million in 2011. He also currently holds the position of Board Chairman to the Second Harvest Food Bank, which is a nonprofit organization that serves nearly 250,000 needy families in Santa Clara and San Mateo counties each month. Mr. Taffe holds a Bachelor of Science in Electrical Engineering from The University of Michigan
“Norm's distinguished background, accomplishments and market experience are an excellent match for IDT's direction,” said Dr. Ted Tewksbury, President and CEO of IDT. “The addition of Norm completes the new line up of nine fixed members to our Board of Directors and satisfies our agreement with Starboard Value LP.”
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.
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