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Award Recognizes the IDT Year-Over-Year Sales Growth
SAN JOSE, California, June 15, 2010 – Integrated Device Technology, Inc. (IDT®; NASDAQ: IDTI), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience, today announced that it has received an award for exceptional sales results by Digi-Key Corporation. IDT received the 2010 award for Exceptional Sales Results Driven by Superior Engagement.
“Our customers recognize the value of IDT products, and we recognize the value of our distributors and suppliers in our growth strategy. By working with partners, such as Digi-Key, IDT will see our sales continue to climb,” said Paul Rolls, senior vice president of worldwide sales and marketing at IDT. “This award is further proof that IDT is continuing on a path of strong sales and revenue growth.”
The award is given annually to suppliers who are outgrowing Digi-Key during the same period. From 1Q09 to 1Q10, Digi-Key saw its overall sales grow by 63 percent. During that same period, IDT sales grew 163 percent, making IDT the third-fastest growing semiconductor line at Digi-Key.
“Digi-Key and IDT partnered together less than two years ago and, already, the results have exceeded the expectations of both parties. We wanted to recognize the significant growth in revenue and new customer engagements demonstrated by IDT,” said Dave Doherty, Digi-Key’s vice president of semiconductor products. “What is most impressive is that this success came during the lowest trough of the recession and continued gaining momentum throughout the upturn. We applaud IDT for its level of engagement and willingness to invest in our unique model.”
With the goal of continuously improving the digital media experience, IDT integrates its fundamental semiconductor heritage with essential innovation, developing and delivering low-power, mixed signal solutions that help customers overcome their system challenges. 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 Twitter and Facebook.