Faraday and AST Reach Track Record Production of Over 18 Million Units

Hsinchu, Taiwan and Ra'anana, Israel – June 27, 2011  -- Faraday Technology, a leading ASIC provider and Advanced Semiconductor Technology Ltd. (AST), announced today reaching a track record production of over 18 million ASIC units for a single customer in Israel. Having reached this number and with future production still ahead, it is the largest production volume reached up to now in Europe.

This project was mutually developed by Faraday and AST for a customer located in Israel and has become since one of the most successful ASIC production projects ever recorded in Israel.

Faraday’s highly efficient production flow and manufacturing capabilities enables the customer to reach high volume production due to Faraday's cost effective solution.

“We are very proud to be part of the success of one of the leading ASIC projects ever done in Israel” said Eli Geva, VP of Operations, AST. “Faraday is a real partner who truly and deeply understands the genuine needs of our customers, the market requirements and is willing to offer cost effective ASIC solutions without negotiating its highest quality and reputation”.

“Our partnership with AST has led into one of the most successful ASIC volume productions in Faraday and we are very pleased about this. Moreover we are very excited and are looking forward to see the product reach its 20th million volume production soon.” said Rene Lee, Europe office General Manager, Faraday.

Customers are gaining from Faraday’s cost effective ASIC solutions offered through AST while enjoying local and highly professional technical support.

Significant cost reduction can be obtained while applying combined forces of AST's and Faraday's experience in ASIC implementation and production, Faraday's extensive IP and process technology portfolio. A combination of all of them ensures a very attractive cost effective ASIC volume production.

The Faraday - AST partnership has already led into several other successful ASIC volume production projects in Israel.

About AST

Advanced Semiconductor Technologies (AST) was established in 1986 as the first independent Application Specific Integrated Circuits (ASIC) Design Center in Israel and has since become the Representative of major ASIC vendors as well as IP and EDA suppliers and Applications Specific Standard Product (ASSP) companies.

AST's highly skilled Sales and Application Engineers combine over 200 years of experience; Turn-Key services as well as on site support and consulting are provided, in the areas of ASIC and FPGA Design, EDA IT, CAD and Design Management.  For more information please visit: www.ast.co.il.

About Faraday Technology

Faraday Technology Corporation is a leading fables ASIC and silicon IP provider. The company's broad silicon IP portfolio includes I/O, Cell Library, Memory Compiler, ARM-compliant CPUs, DDRI/II/III, MPEG4, H.264, USB 2.0/3.0, 10/100 Ethernet, Serial ATA, and PCI Express, etc. Headquartered in Taiwan , Faraday has service and support offices around the world, including the U.S. , Japan , Europe, and China . Faraday is listed in Taipei Stock Exchange, ticker 3035. For more information, please visit: www.faraday-tech.com