Gennum Provides Update on Proposed Acquisition of Tundra

Burlington, Ontario - April 27, 2009 – Gennum Corporation (TSX: GND) ("Gennum") today announced that, pursuant to the previously announced arrangement agreement (as amended, the "Arrangement Agreement") between Gennum and Tundra Semiconductor Corporation ("Tundra"), Gennum has received notice from Tundra that Tundra has received an offer from Integrated Device Technologies, Inc. to acquire 100% of the common shares of Tundra (the "IDT Offer"). Tundra has advised that its Board of Directors has determined that the IDT Offer constitutes a Superior Proposal as defined under the Arrangement Agreement and that Tundra is permitted to terminate the Arrangement Agreement in order to accept the IDT Offer, subject to the provisions of the Arrangement Agreement, including Gennum's right to match the IDT Offer as addressed below.

Pursuant to the provisions of the Arrangement Agreement: if the Tundra Board of Directors determines that it has received a Superior Proposal within the meaning of the Arrangement Agreement and has resolved to terminate the Arrangement Agreement in order to accept such offer, Gennum has the right, but not the obligation, to offer to amend the terms of the Arrangement Agreement within a five business day matching period; if the Tundra Board of Directors determines that any such offer from Gennum would cause the third party offer to cease to be a Superior Proposal, then Tundra is required to enter into an amended Arrangement Agreement with Gennum; if the Tundra Board of Directors determines that any such offer from Gennum does not cause the third party offer to cease to be a Superior Proposal or Gennum does not make such an offer within the matching period, then Tundra may terminate the Arrangement Agreement in order to accept the Superior Proposal subject to certain conditions, including Tundra complying with its obligation to pay to Gennum a Cdn$5 million termination fee.

Gennum will review and consider Tundra's notice and the IDT Offer and will decide on its course of action in the five business day matching period as provided for under the Arrangement Agreement.

A copy of the Arrangement Agreement is available under Gennum's profile at www.sedar.com.

About Gennum
Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world’s most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company’s proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. An award winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Korea, Germany, United States, Taiwan, India and the United Kingdom. www.Gennum.com.

Gennum Media Contact:
Keri Fraser
Gennum Corporation
613-270-0458 x 2909
keri.fraser@gennum.com

Gennum Investor Relations Contact:
Gord Currie
Senior Vice-President, Finance & Administration and CFO
Gennum Corporation
(905) 632-2999 x3060
gord.currie@gennum.com

Caution Regarding Forward-Looking Information
This news release contains statements which constitute forward-looking statements. These forward-looking statements are not descriptive of historical matters and refer to management’s expectations or plans. These statements include but are not limited to statements concerning: Gennum’s plans and expectations relating to improvements in profitability and cash flow and the achievement of business model targets and levels, the reduction of corporate and operations costs and capital expenditures and marketing, sales and administration expenses; expected operational expense savings and estimated severance and related costs, and the estimated charges relating thereto and to impairments; and Gennum’s business objectives and future financial performance and prospects. Inherent in forward-looking statements are risks and uncertainties beyond Gennum’s ability to predict or control including but not limited to risks associated with: Gennum’s ability to complete the actions referred to in this news release within anticipated timeframes and to successfully realize the expected improvements therefrom; compliance with local employment legislation and requirements and the possible initiation and outcome of legal proceedings; and other risks facing Gennum’s business including competitive and pricing pressures and economic cycles in the semiconductor industry, fluctuations in foreign exchange rates and their potential adverse impact upon Gennum’s financial results, and Gennum’s ability to attract and retain key personnel necessary for its business. Please also refer to the sections entitled “Risks and Uncertainties” in Gennum’s 2008 annual report and “Risk Factors” in Gennum’s annual information form dated February 23, 2009. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect including but not limited to the following assumptions: Gennum is able to successfully complete the actions referred to herein within the timeframe and with associated expense savings generally as anticipated and without unforeseen significant costs or delays; assumptions relating to severance and related costs and to charges; customer demand for Gennum’s products remains generally as anticipated; Gennum’s is able to execute its product roadmap without delays or disruptions having a material impact on Gennum; Gennum’s expectations relating to competitive pressures, including pricing pressures, are not materially incorrect; significant fluctuations in foreign exchange rates which significantly adversely affect Gennum’s financial results do not arise; and Gennum is able to continue to retain and attract technical and other key employees. Readers are cautioned that the foregoing list of important factors and assumptions is not exhaustive. Forward-looking statements are not guarantees of future performance. Events or circumstances could cause Gennum’s actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Consequently, readers should not place any undue reliance on these forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. In addition, these forward-looking statements relate to the date on which they are made. Gennum disclaims any intention or obligation to update or revise any forward-looking statements or the foregoing list of factors, whether as a result of new information, future events or otherwise, except to the extent required by law.