HSINCHU, Taiwan and SUNNYVALE, Calif., May 2 /PRNewswire-FirstCall/ --
Faraday Technology Corporation (TAIEX: 3035), a leading ASIC and IP provider,
today reported sales of NT$1,335 million ($42 million USD) for the quarter
ended March 31, 2005, up 23.3% year over year. The shape of new design-wins in
Q1 also bode well for quarters to come: over 35% of overseas ASIC design-wins
are using 0.13um technology, and half of them use Faraday's structured ASIC
technology or platform.
"2005 Q1 was a quarter that showed strong momentum of 0.13um technology
adoption," said H.P. Lin, President of Faraday Technology. "For the first
time, Faraday's international business, which includes North America, Japan,
and Europe reported more 0.13um ASIC design-wins in a quarter than 0.18um
designs. We are very excited about the business progress, and look forward to
more 0.13um ASIC projects this year."
"Faraday has been getting ready for 0.13um design since 2001; Among the
100 0.13um test chips taped out in the past 3 years, many of which embedded
complex IPs such as CPU, DSP, USB2.0, Codec, Ultra high-speed memory, Serial-
ATA, PCI-Express, structured ASIC library, etc.," said George Hwang, Vice
President of R&D and Marketing. "Although it seems compelling to move to
smaller processing geometries, the cost of 0.13um wafers and masks was
expensive, and design risks were high, many companies hesitated to move
forward until recently. I'm very glad that after years of joint efforts
between Faraday and our fab partner UMC, more and more of our target customers
finally see 0.13um as good price-performance target silicon."
Indeed, as Nick Tredennick commented in a Gilder Technology Report --
Moore's Law & the Value Transistor, the cost-crossover point between
generations appears when the more advanced technology finally matured,
fabrication equipment expense well amortized, mask costs notably dropped, and
design risks eventually lowered.
For Faraday's target customers in the consumer and computer peripheral
markets, the 0.13um and 0.18um crossover point has just occurred. While the
quarter-to-quarter percentage may fluctuate somewhat, the clear trend is that,
0.13um has arrived.
"In the past few months, we see very good traction on 0.13um and
structured ASIC technology in US, Japan, and Europe, especially in the
networking and communication markets," said Charlie Cheng, Vice President of
International Business at Faraday. "It has been a clear trend for design
houses in these regions to outsource more projects to Asia so they can be more
focused on leading-edge technology development. Faraday's broad IP portfolio,
strong design expertise and close foundry relationship are poised for helping
customers to succeed."
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 500 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, Headquarters:
+886.3.578.7888 ext: 8032
Press Contact, US Office
+1-408-522-8888 ext: 139
SOURCE Faraday Technology Corporation