Sipex

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Exar Corporation (Nasdaq: EXAR) today announced that it has closed the previously announced merger of a wholly owned subsidiary of Exar with Sipex Corporation, effective August 25, 2007.

As of August 25, 2007, Sipex Corp. was acquired by Exar Corp. Sipex Corporation engages in the design, manufacture, and marketing of analog integrated circuits (ICs). It offers power management products, including white LED drivers, DC/DC regulators, and controllers to regulate, control, monitor, or provide the reference voltage for a system or portion of a system. The company also provides interface products that facilitate the transfer of digital signals between or within electronic systems, as well as ensure connectivity between networks, computers, and digital peripherals and consumer portable devices that connect to them. In addition, it offers optical storage products, including photo-detector ICs, advanced power control ICs, and laser diode drivers. Sipex’s ICs are used in various end product applications, such as cellular phones, base stations, computers, DVD players, and digital cameras. Its customers include industrial distributors, original equipment manufacturers, original design manufacturers, and electronic manufacturing services companies in the computing, consumer electronics, communications, and networking infrastructure markets. The company sells its products either directly through a direct sales force, or through a network of independent manufacturers’ representatives and distributors in Asia, Europe, and North America. Sipex was founded in 1965 and is headquartered in Milpitas, California.

Leveraging a robust portfolio of analog, mixed-signal, and digital technologies, Exar Corporation is Powering Connectivity with system-level semiconductors that connect and network people. This technology is used in a wide array of synergistic solutions ranging from serial interface, to power management, to multi-functional framers/mappers for end product applications addressing point-of-sale, hand-held devices and highly complex network transmission systems.