As previously disclosed in its Current Report on Form 8-K as
filed with the SEC on February 13, 2017, GigPeak, Inc. (the
Company) entered into an Agreement and Plan of Merger (the Merger
Agreement) with Integrated Device Technology, Inc., a Delaware
corporation (Parent), and Parents wholly-owned subsidiary Glider
Merger Sub, Inc., a Delaware corporation (the Purchaser) to which
the Purchaser will commence a tender offer (the Offer) to acquire
all of the outstanding shares of common stock of the Company, par
value $0.001 per share, of the Company at a price per share of
$3.08 in cash (such amount, the Offer Price), for an overall
transaction value of approximately $250,000,000. Following the
consummation of the Offer, the Purchaser will merge with and into
the Company (the Merger), and all shares of the Company common
stock not acquired in the Offer (other than shares held by
holders who have properly exercised their appraisal rights under
Section 262 of the Delaware General Corporation Law) will convert
into the right to receive the Offer Price. The Company will
survive the Merger as a wholly-owned subsidiary of Parent. The
Merger Agreement includes customary representations, warranties
and covenants by the parties.

On February 16, 2017 the Company and Parent issued a joint letter
to the Companys existing customers informing them of the proposed
transaction. A copy of that joint letter is filed as Exhibit 99.1
to this Current Report on Form 8-K and incorporated herein by
reference.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1

Joint Letter to GigPeak Customers dated February 16, 2017

Additional Information

The Offer has not yet commenced. This Current Report on Form 8-K
is neither an offer to purchase nor a solicitation of an offer to
sell any securities. At the time the tender offer is commenced,
the Parent will file with the Securities and Exchange Commission
(SEC) a Tender Offer Statement on Schedule TO, and the Company
will file a Solicitation/Recommendation Statement on Schedule
14D-9 with respect to the tender offer. Company stockholders and
other investors are strongly advised to read the tender offer
materials (including the Offer to Purchase, the related Letter of
Transmittal and certain other tender offer documents that have
yet to be filed) and the Solicitation/Recommendation Statement
because they will contain important information that should be
read carefully before any decision is made with respect to the
tender offer. The Tender Offer Statement and the
Solicitation/Recommendation Statement will be available for free
at the SECs website at www.sec.gov. Free copies of these
materials and other tender offer documents will be made available
by the information agent for the tender offer.

In addition to the Offer to Purchase, the related Letter of
Transmittal and certain other tender offer documents, Parent and
the Company file annual, quarterly and special reports, proxy
statements and other information with the SEC. You may read and
copy any reports, statements or other information filed by the
parties at the SEC public reference room at 100 F Street, N.E.,
Washington, D.C. 20549. Please call the Commission at
1-800-SEC-0330 for further information on the public reference
room. The parties filings with the SEC are also available to the
public from commercial document-retrieval services and at the
website maintained by the SEC at www.sec.gov.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking
statements, including, but not limited to, statements related to
the anticipated consummation of the acquisition of the Company
and the timing and benefits thereof. These forward-looking
statements are based on the current expectations of the Company
and Parent and inherently involve significant risks and
uncertainties. Actual results and the timing of events could
differ materially from those anticipated in such forward-looking
statements as a result of these risks and uncertainties, which
include, without limitation, risks related to the ability of the
Company and Parent to complete the transaction on the proposed
terms and schedule; whether Parent or the Company will be able to
satisfy their respective closing conditions related to the
transaction; whether sufficient stockholders of the Company
tender their shares of common stock in the transaction; whether
the Parent will obtain financing for the transaction on the
expected timeline and terms; the outcome of legal proceedings
that may be instituted against the Company and/or others relating
to the transaction; the possibility that competing offers will be
made; risks associated with acquisitions, such as the risk that
the businesses will not be integrated successfully, that such
integration may be more difficult, time-consuming or costly than
expected or that the expected benefits of the transaction will
not occur; risks related to future opportunities and plans for
the acquired company and its products, including uncertainty of
the expected financial performance of the acquired company and
its products; disruption from the proposed transaction, making it
more difficult to conduct business as usual or maintain
relationships with customers, employees or suppliers;, as well as
other risks related to Parents and the Companys businesses
detailed from time-to-time under the caption Risk Factors and
elsewhere in Parents and the Companys respective SEC filings and
reports, including the Annual Report of the Company on Form 10-K
for the year ended December 31, 2015 and the Annual Report of
Parent on Form 10-K for the year ended April 3, 2016. The Parent
undertakes no duty or obligation to update any forward-looking
statements contained in this press release as a result of new
information, future events or changes in its expectations.