Faraday and Innovasic Semiconductor Enter into Strategic Partnership Faraday Assures Uninterrupted Long Term Foundry Supply While Innovasic

Contributes Critical Quality and Reliability Expertise for Industrial

Automation Market



    HSINCHU, Taiwan and SUNNYVALE, Calif., June 20 /PRNewswire-FirstCall/ --
 Faraday Technology Corporation (TAIEX: 3035), a leading ASIC and IP provider,
 and Innovasic Semiconductor, a leading supplier of ICs to the industrial
 automation market, today announced they have entered into a multi-year
 strategic partnership agreement. The agreement assures Innovasic and its
 customers of 10+ years of preferential supply in its upcoming products. In
 exchange, Faraday receives expertise and technologies which are necessary for
 mission-critical applications in harsh environmental conditions. The exchange
 is designed to enable both companies to expand their addressable markets.
     Indeed, with the adoption of Ethernet and embedded processors, the
 industrial market seems destined to converge with the PC-peripheral market.
 However, issues such as soft error rate under high radiation environment, and
 extremely low defective parts per million (PPM) to name just two, are
 requirements quite different from Faraday's existing target markets. Through
 this partnership, Faraday intends to raise its quality and reliability to new
 heights for all customers, not just those in industrial automation.
     "I'm delighted to announce Faraday's long-term strategic partnership with
 Innovasic to help implement and test products for markets requiring the utmost
 in performance and reliability," said H.P. Lin, President of Faraday
 Technology. "Faraday has built its reputation in consumer and PC peripheral
 markets. Now we are ready to expand our business to tackle the most stringent
 applications in the industrial world."
     Innovasic has long built its reputation in the compatible replacement IC
 market, with unique technologies to match obsolete products, often with much
 higher quality and reliability. However, as Innovasic's market expands into
 high volume and brand new applications, the customers often require 10+ years
 of continued supply. Faraday, through its own strategic foundry relationship
 with UMC, has agreed to provide such assurance to enable Innovasic and its
 customers un-interrupted supply. In addition, Innovasic will have preferential
 access to Faraday's infrastructure and resources to create the world-class
 products necessary to compete against other suppliers in the market.
     "Faraday is a unique ASIC vendor with a longstanding track record of
 empowering fabless companies in cost sensitive consumer and peripheral
 markets," said Keith Prettyjohns, CEO of Innovasic. "We are excited to work
 with Faraday and leverage its foundry relationship to create a combined force
 which provides our customers a highly reliable, best-in-class and vertically-
 integrated supply chain."
 
     About Innovasic Semiconductor
     Innovasic Semiconductor designs, builds, and sells highly integrated
 embedded microcontroller solutions and peripheral ICs for the Industrial,
 Medical, Automotive, and Communications markets. The company has two product
 groups, Microcontroller Solutions Group and the Replacement IC Product Group.
 The Microcontroller Solutions Group is developing a new class of embedded
 microcontrollers with innovative features that will solve critical problems in
 real-time embedded control applications.  The Replacement IC Group solves
 obsolescence problems by using a proprietary technology to produce ICs that
 are 100% drop-in compatible with an original discontinued IC.  Today, many of
 Innovasic's replacement IC products are operating in the systems built by
 Fortune 500 electronics manufacturers in demanding applications ranging from
 engine control modules to industrial PLCs.  For more information, please visit
 http://www.innovasic.com
 
     About Faraday Technology Corporation
     Faraday Technology Corporation is a leading silicon IP and fabless ASIC
 vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, USB 2.0,
 Ethernet, Serial ATA, and PCI-Express. With more than 550 employees and 2004
 revenue of $159 million, Faraday is one of the largest fabless ASIC companies
 in the Asia-Pacific region, and it also has a significant presence in other
 markets, 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: http://www.faraday-tech.com
 
      Press Contact, Faraday Technology  Press Contact, Innovasic Semiconductor
      Selina Ko                          Mike Berg
      +1.408.522.8888 ext.139            +1.505.883.5263
      selina@faraday-tech.com            mike.berg@innovasic.com
 
 

SOURCE Faraday Technology Corporation

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