ChipX Appoints Michael Brown as Vice President of Worldwide Sales

Update: GigOptix, Inc. Announces Acquisition of ChipX (November 10, 2009)

SANTA CLARA, CA--Apr 12, 2007 -- ChipX, leading the way with a broad range of next generation ASIC solutions, today announced that Michael Brown has joined the company as Vice President of Worldwide Sales.

In this position, Brown will be responsible for driving, growing and managing ChipX's Worldwide Sales and Customer Service organizations. He will report to the CEO, Amnon Fisher.

Brown has over 30 years in the Semiconductor industry. Prior to joining ChipX, Brown was Executive Vice President, Sales Division for Oki Semiconductor for more than five years. He has extensive experience in ASIC products, sales management, customer relations and business development. Brown previously served as Vice President of Sales at QuickLogic and Hitachi.

"I am very excited about this opportunity," said Michael Brown, "The combination of products from both the OKI merger and ChipX will provide us with a complete family of ASIC solutions for our customers. Our combined customer base represents all the major players in the industry today."

"I am pleased to welcome Michael to ChipX," said Amnon Fisher, ChipX President and CEO. "His experience and understanding of the sales process will be extremely valuable as we fuel our growth and expand our customer relationships."

Michael holds a Bachelor's degree in Kinesiology from California State University, Northridge. He also attended courses in Business and Technology at both Stanford University and University of California at Berkeley.

For more information on ChipX's next generation ASICs, please visit www.chipx.com.

About ChipX

ChipX, Inc. is a pioneer and leader in the development and manufacturing of differentiated ASIC solutions, including Structured ASIC and Embedded Array technology. The company's innovative, patented technology consolidates wafer production tooling, reduces time-to-market and minimizes the total cost to profit. ChipX products are widely used in consumer equipment, computing peripherals, communication systems, industrial control, medical equipment, instrumentation and military/aerospace systems. Headquartered in Santa Clara, CA, ChipX is a privately held corporation, founded in the U.S. in 1989. A subsidiary, ChipX (Israel) Ltd., performs Research & Development. Investors include Elron Electronic Industries, Ltd. , VantagePoint Venture Partners, Wasserstein Venture Capital, Newlight Associates, Parker Price Venture Capital, UMC, Needham Capital Partners and Insite Capital.