CENTILLIUM 
          COMUNICATIONS NAMED RISING STAR BY DELOITTE & TOUCHE
        Award Illustrates 
          Centillium's Commitment to Excellence 
        FREMONT, Calif., 
          September 24, 2001 - Centillium Communications, Inc. [Nasdaq: CTLM], 
          innovator of broadband communications technology, today announced that 
          the company has been named by Deloitte & Touche as one of the five 
          Rising Stars in the 2001 Silicon Valley Fast 50 program.
        "Centillium 
          has proven to us that it is one of the most business savvy and innovative 
          young companies in California," stated Roy Avondet, managing partner 
          of Deloitte & Touche. "When we reviewed Centillium's financial 
          performance and calculated its growth percentage, it was apparent that 
          the company has outstanding leadership, with a thirst for success. The 
          company's statistics and other key characteristics were compared to 
          those of all the companies in the Silicon Valley area, making this prestigious 
          award quite an accomplishment."
        The Rising Star 
          award annually honors five of Silicon Valley's up and coming companies 
          that have successfully demonstrated the ingenuity and business sense 
          needed to succeed in today's highly competitive market. The criteria 
          used by Deloitte & Touche to determine the winners of the Rising 
          Star award include an increased ability to compete in a worldwide market, 
          increasing customer demand for products, a strong leadership base and 
          the strength of commitment demonstrated by employees to their customers 
          and community. 
        "We are honored 
          to have been selected as a Rising Star by Deloitte & Touche," 
          stated Faraj Aalaei, CEO and co-founder for Centillium. "Receiving 
          this award further demonstrates our commitment to technology innovation 
          and superior customer service. We continually strive for excellence 
          in all facets of our operations, and appreciate the recognition of our 
          efforts that this award represents."
          
        About Deloitte 
          & Touche
          Deloitte & Touche LLP, one of the nation's leading professional 
          services firms, provides assurance and advisory, tax, and management 
          consulting services through nearly 30,000 people in more than 100 U.S. 
          cities. The firm is dedicated to helping its clients and its people 
          excel. Known as an employer of choice for its innovative human resources 
          programs, Deloitte & Touche has been recognized as one of the "100 
          Best Companies to Work For in America" by Fortune magazine for 
          four consecutive years. Deloitte & Touche is the US national practice 
          of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, 
          and each of its national practices is a separate and independent legal 
          entity. For more information, please visit Deloitte & Touche's web 
          site at www.us.deloitte.com.
        About Deloitte 
          & Touche's Technology & Communications Group 
          The Technology & Communications Group is composed of service professionals 
          who have a wealth of experience serving technology and communications 
          companies throughout the world in areas including Internet, software, 
          semiconductors, cable, media and publishing, communication utilities, 
          networking, wireless, computers and peripherals, and related industries. 
          These specialists understand the challenges that technology and communications 
          companies face throughout all stages of their business growth cycle 
          and are committed to helping them succeed. Deloitte & Touche is 
          a leader in providing strategic, financial, operational, and information 
          technology assistance to its technology and communications clients.
        About Centillium 
          Communications
          Centillium Communications, Inc. is combining technical innovation and 
          customer commitment to make broadband communications a market reality. 
          Centillium Communications consistently delivers value to its customers 
          by providing broadband networking systems for applications across all 
          market segments. The company designs and markets communications chipset 
          solutions for central office equipment, digital loop carrier (DLC) line 
          cards, and customer premise equipment for Digital Subscriber Line (DSL), 
          Voice over Packet (VoP) and Premise Networking. The Centillium Communications 
          headquarters are located at 47211 Lakeview Blvd., Fremont, CA 94538. 
          Additional information is available at www.centillium.com.
        Forward Looking 
          Statements
          Except for historical information contained in this press release, the 
          foregoing contains forward-looking statements that involve risks and 
          uncertainties. Actual results may differ materially from those indicated 
          by such forward-looking statements based on a variety of risks and uncertainties, 
          including the risks and uncertainties relating to actual quantities 
          and timing of any orders received under the contract and the successful 
          development and market acceptance of Centillium's new products. The 
          company assumes no obligation to update these forward-looking statements 
          to reflect events or circumstances after the date hereof. Information 
          about potential factors that could affect Centillium's financial results 
          is included in Centillium's Annual Report on Form 10-K and most recent 
          Quarterly Report on Form 10-Q, available for viewing on the Securities 
          and Exchange Commission's website at www.sec.gov. 
          
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        Centillium 
          Communications and the Centillium logo are trademarks of Centillium 
          Communications.
        Copyright 
          2001 Centillium Communications, Inc. All rights reserved. All other 
          products or service names mentioned herein are the property of their 
          respective owners