FOR MORE INFORMATION:

Laurie Falconer
Centillium Communications, Inc.
(510) 771-3647
[email protected]
   

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 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.

Centillium Communications and the Centillium logo are trademarks of Centillium Communications.

Copyright 2003 Centillium Communications, Inc. All rights reserved. All other products or service names mentioned herein are the property of their respective owners.

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