Faraday Announces SoC Alliance with Palmchip Design Services

ASIC Customers Can Leverage Palmchip experience in Platform SoC Designs for First Time Silicon Success

Hsinchu, Taiwan, and Sunnyvale, California -- February 5, 2007 -- Faraday Technology Corporation (TAIEX:3035), a leading ASIC and IP provider announced today that it has formed a SoC Service Alliance with Palmchip Corporation. After several months of training and cooperation, Palmchip design services team has successfully engaged in design projects using Faraday's IPs, design flow and SoC design environment called Platform Builder. System houses and chip manufacturers can thus leverage Palmchip design services to realize complex SoC designs for high volume manufacturing by Faraday Technology Corporation.

“Palmchip has many years of SoC platform, embedded software and application development experience,” said Dr. George Hwang, Vice President of R&D and Overseas Business at Faraday. “We are glad to have this excellent partner to help proliferate Faraday's platform SoC technologies in North America .” Faraday and Palmchip are working together on a JAVA –based SoC design and an ARM®-based wireless SoC design. The partners will be working on several more SoC design projects in the coming months.

In order to streamline implementation of SoC designs, Faraday has developed a SoC design environment called Platform Builder. With this design environment, users can quickly and seamlessly configure SoC designs with a customized set of proven Faraday IPs. Palmchip is trained in using this environment to accelerate SoC development for joint customers.
“We are extremely impressed with Faraday's lineup of proven IPs for SoC development,” commented Jauher Zaidi, CEO and President of Palmchip. “We can quickly focus on application issues and devote our efforts in meeting customers' design requirements. We are delighted with this partnership.” Zaidi added that Palmchip's joint customers will also benefit from the Palmchip's Software Services group which offers expertise in embedded software and applications system design in the wireless, network security, VoIP and storage markets, thus accelerating complete application system design.

About Palmchip Corporation

Palmchip Corporation is a leading SoC, embedded software and application design services and solution provider for the wireless, network security, VoIP and storage markets. Founded in 1996 and headquartered in Silicon Valley, California, USA, with three offshore locations. Palmchip has a history of providing superior solutions to its clients. Palmchip's Design Services Group focuses on designing IC and board-level products from concept to implementation and serving to OEMs and semiconductor companies by providing design technology and services in the areas of SoC/ASIC, FPGA, Board, Embedded Software and System-Level Application Design. For more information, please visit: www.palmchip.com

About Faraday Technology Corporation

Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad silicon IP portfolio includes 32-bit RISC CPUs, DSPs, MPEG4, H.264, PHYs/Controllers for USB 2.0, 10/100 Ethernet, Serial ATA, PCI Express, Cell Library and Memory Compiler. With more than 700 employees and 2006 revenue of US$171 million, Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other world-wide markets. 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.