Exar Bolsters Executive Management

FREMONT, Calif., March 5, 2012 /PRNewswire/ -- Exar Corporation (Nasdaq: EXAR) today announced that Todd Smathers has joined the Company as Senior Vice President, Worldwide Operations. Mr. Smathers will report to Louis DiNardo, the Company's president and chief executive officer.

"Todd provides Exar the insight and experience of a seasoned operations executive," said Mr. DiNardo. "His experience at world-class high performance analog and mixed-signal companies will support our goal of implementing best practices to improve operational efficiency and drive profitable growth. Todd's proven capabilities in product and test engineering, manufacturing and general management will be welcomed assets. Together with the Exar team, we will execute our plan to scale and align resources with our market focus on power management, high performance analog mixed-signal components and data reduction products, while significantly reducing expenses."

Mr. Smathers has over 30 years of experience in analog and mixed-signal technology and product development. He served as Vice President of Operations at Intersil Corporation and Xicor, Incorporated, which was acquired by Intersil in 2004. Prior to joining Xicor, Mr. Smathers was General Manager of the Mixed Signal Business Unit at Linear Technology Corporation where he had previously served in a variety of management and executive roles since the company's founding in 1981. Mr. Smathers holds a Bachelor of Science in Electrical Engineering degree from Clemson University.

"It is exciting to join the team at Exar and help execute the Company's strategy to drive consistent profitable growth. I share Exar's goal of building shareholder value based on a solid commitment to operational excellence and efficiency," stated Mr. Smathers.

About Exar

Exar Corporation designs, develops and markets high performance analog mixed-signal integrated circuits and advanced sub-system solutions for data communication, networking, storage, consumer and industrial applications. Exar's product portfolio includes power management and connectivity components, communications products and storage optimization, security and accelerations solutions. Exar has locations worldwide providing real-time customer support to drive rapid product development. For more information about Exar, visit http://www.exar.com.

SOURCE Exar Corporation

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