2014

Faraday and Arrow Electronics Enter ASIC Design and Distribution Partnership Agreement World Leader in Electronic Distribution Combined With Innovative Fabless

ASIC Model Promise to Propel Renewed Growth in ASIC Business



    HSINCHU, Taiwan and SUNNYVALE, Calif., Aug. 21 /PRNewswire/ -- The
 North American Components (NAC) business of Arrow Electronics, Inc. (NYSE:  
 ARW) and Faraday Technology (TAIEX: 3035), a leading ASIC provider,
 announced today they have entered into a franchise and distribution
 agreement. Effective immediately, customers will have access to Faraday's
 ASIC and structured ASIC technologies through Arrow's North American sales
 and design centers.
     "We are extremely excited to add Faraday into our Custom Logic
 Solutions services model," said Chris Miller, director, Customer Logic
 Solutions group (formerly ASIC Business Group), Arrow North America
 Components. "Faraday's vast portfolio of silicon proven IP, successful
 track record of more than 300 tape-outs annually and commitments to
 innovative products gives Arrow the opportunity to broaden our customer
 reach. Furthermore, Faraday's unique relationship with leading chip
 manufacturing partners will offer the flexibility and competitive advantage
 that our customers are looking for."
     The agreement addresses two of the biggest issues facing ASIC business
 worldwide, especially in North America. With Faraday as a partner, Arrow
 gains a cost competitive and broader ASIC product line, while with Arrow,
 Faraday finally has the reach it needs to scale up its design wins.
     "We are very delighted with the strategic partnership with Arrow
 Electronics, an unsurpassed leader in semiconductor device distribution,"
 said Charlie Cheng, vice president, International Business, Faraday
 Technology. "Arrow brings to the partnership access to more than 40,000
 customers in North America, a worldwide logistics model and a very capable
 design center infrastructure. Together, we'll be able to reach customers in
 many locations and market segments that we would otherwise not be able to
 serve effectively."
     About Arrow Electronics
     The North American Components (NAC) business of Arrow Electronics, Inc.
 is a leading provider of semiconductors and passive, electromechanical, and
 connector products, services, and supply chain solutions tailored to serve
 distinct customer segments with dedicated sales teams. Three primary,
 customer-focused NAC groups serve these market segments: The Arrow/Zeus
 Electronics Group targets the aerospace and military markets; the Arrow
 Electronics Components Group serves local OEM and contract manufacturing
 customers; and the Arrow Alliance Group focuses on large customers with
 complex needs.
     Arrow's Custom Logic Services Group is a dedicated Sales, Marketing and
 Engineering Group within Arrow focused on Customer Designs from FPGA to
 ASIC technology.
     Arrow Electronics, Inc. (www.arrow.com ) is a major global provider of
 products, services, and solutions to industrial and commercial users of
 electronic components and computer products.
     About Faraday Technology Corporation
     Faraday Technology Corporation is a leading silicon IP and fabless ASIC
 vendor spun-off from United Microelectronics Corp. (UMC) in 1993. The
 company's broad IP portfolio includes cell libraries, memory compilers,
 32-bit RISC CPUs, DSPs, MPEG4, H.264, PHYs/Controllers for USB 2.0,
 Ethernet, Serial ATA, PCI Express, etc. With more than 650 employees and
 2005 revenue of US$175 million, Faraday is one of the largest fabless ASIC
 companies in the Asia- Pacific region, and it also has significant
 presences worldwide. Headquartered in Taiwan, Faraday has service and
 support offices around the world, including the U.S., Japan, Europe, and
 China. For more information, please visit: www.faraday-tech.com
 
 

SOURCE Faraday Technology Corporation

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