MULTILINK EXECUTIVES ADOPT 10b5-1 TRADING PLANS

     Somerset, New Jersey-(Business Wire)--August 16, 2001--Multilink Technology
Corporation  (Nasdaq:  MLTC) today announced that its Chief  Executive  Officer,
President and  Co-Chairman,  Dr.  Richard  Nottenburg,  and the other members of
Multilink's executive team have each initiated a structured trading plan to sell
a portion of their Multilink  stockholdings  commencing  after the expiration of
their  current  180-day  IPO lock-up  periods.  The other  executives  that have
entered into trading  plans are Dr. Jens Albers,  Executive  Vice  President and
Co-Chairman, Eric M. Pillmore, Chief Financial Officer, Craig Lewis, Senior Vice
President-Sales,  and Ronald  Krisanda,  Senior Vice  President-Operations.  The
plans,  adopted under the new SEC rule 10b5-1, are designed to avoid any real or
perceived conflicts of interest that might arise from their involvement with the
company,  while enabling the executive  officers to diversify  their  respective
holdings.

     The  trading  plans,  other than Dr.  Nottenburg's,  generally  provide for
monthly sales subject to specified volume limits and minimum price requirements.
These plans will commence in December 2001,  following the expiration of lock-up
agreements  between the executives and the  underwriters  in Multilink's  recent
initial public offering.

     Dr.  Nottenburg has been a shareholder and founder of Multilink since 1994.
Upon  commencement of his plan in January 2002, Dr. Nottenburg will hold or have
options to purchase approximately 13.9 million shares of Multilink common stock.
Dr.  Nottenburg's  trading plan will result in him selling  approximately  9% of
such shares in 2002,  including vested and unvested  options.  Dr.  Nottenburg's
plan provides for sales of 100,000 shares during each month beginning in January
2002, on the open market and at prevailing  market prices without  minimum price
requirements. The plan has no termination date.

     The sales plans allow  Multilink's  executives  to monetize and diversify a
portion of their  equity  holdings.  Sales under the plans will be effected in a
systematic  manner with the goal of minimal  market impact and  compliance  with
regulations adopted by the Securities and Exchange Commission last year.

About Multilink:
Multilink Technology  Corporation  designs,  develops and markets advanced mixed
signal integrated circuits,  modules, VLSI products and higher-level  assemblies
designed to enable the next generation of high-speed optical networking systems.
By providing our customers with  sophisticated  products  developed by utilizing
systems level expertise and a high level of component integration, we facilitate
our customers' ability to meet their time-to-market  requirements.  Our products
span the markets from Metro to Ultra Long Haul optical transport  equipment with
a focus on the  fastest  commercially  available  speeds of 10 Gb/s and  higher.
Multilink is  headquartered  in  Somerset,  New Jersey with  additional  offices
located throughout North America and Europe.

Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This  release  may  contain  forward-looking  statements  that are  based on our
current expectations,  estimates and projections about our industry, and reflect
management's  beliefs and certain  assumptions made by us based upon information
available  to us at this  time.  Any  statements  that  refer  to  expectations,
projections  or other  characterizations  of  future  events  or  circumstances,
including any underlying  assumptions,  are  forward-looking  statements.  These
statements  speak only as of the date  hereof.  Such  information  is subject to
change, and we will not necessarily inform you of such changes. These statements
are not guarantees of future performance and are subject to risks, uncertainties
and  assumptions  that are difficult to predict.  Therefore,  our actual results
could   differ   materially   and   adversely   from  those   expressed  in  any
forward-looking statements as a result of various factors. Our Form 10-Q for the
quarter  ended  June 30,  2001 and our other  SEC  filings  discuss  some of the
important  risk factors that may affect our business,  results of operations and
financial condition.  Multilink Technology  Corporation undertakes no obligation
to revise or update publicly any forward-looking  statements for any reason.

For more information,  please contact:
Richard Sawchak,  Director-Investor Relations
Multilink  Technology  Corporation
300 Atrium Drive,  2nd Floor
Somerset,  New Jersey 08873
Tel: (732) 537-3771
Fax: (732) 537-3781
E-mail: investors@mltc.com