Tundra Semiconductor Announces Automatic Securities Purchase Plan

    OTTAWA, Oct. 17 /CNW Telbec/ - Tundra Semiconductor Corporation
(TSX: TUN), a leader in System Interconnect, announces today the
implementation of an automatic securities purchase plan ("Plan") in connection
with its normal course issuer bid ("NCIB") announced on April 7, 2008. The
Plan was established to provide standard pre-determined instructions regarding
how Tundra's common shares are to be purchased by Tundra's authorized broker,
during self-imposed blackout periods. Purchases under the Plan are subject to
all other restrictions applicable to the NCIB, including the daily and yearly
repurchase limits, as disclosed in Tundra's press release of April 7, 2008.
    The Plan will commence today and terminate together with the NCIB on
April 8, 2009. The Plan constitutes an "automatic plan" for purposes of
applicable Canadian securities legislation.

    About Tundra

    Tundra Semiconductor Corporation (TSX:TUN) supplies the world's leading
communications, computing and storage companies with System Interconnect
products, intellectual property (IP) and design services backed by world-class
customer service and technical support. Tundra's track record of product
leadership includes over a decade of bridges and switches enabling key
industry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), Power
Architecture(TM), VME, HyperTransport(TM), Interlaken, and SPI4.2. Tundra's
products deliver high functional quality and simplified board design and
layout, with specific focus on system level signal integrity. Tundra's design
services division, Silicon Logic Engineering, Inc., offers industry-leading
ASIC and FPGA design services, semiconductor intellectual property and product
development consulting. Tundra's technology connects critical components in
high performance embedded systems around the world. For more information,
please visit www.tundra.com.
    TUNDRA and the Tundra logo are registered marks of Tundra Semiconductor
Corporation in Canada, the United States, the European Union and the People's
Republic of China. Other registered and unregistered trademarks are the
property of their respective owners.

    (C) Copyright 2008 Tundra Semiconductor Corporation. All rights reserved.
    Information subject to change without notice.

For further information:

For further information: David Long, Chief Financial Officer, (613)
592-0714, david.long@tundra.com; Keri Zeran, Director, Marketing
Communications, (613) 592-0714, keri.zeran@tundra.com

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