Faraday Technology Promotes Key Executives to Enhance Global Focus and Strengthen North America Operation

Faraday Completes Overseas Business Management Team by Naming Charlie Cheng as VP of International Business and Charlie Hauck as General Manager of USA Subsidiary

Hsinchu Taiwan, and Sunnyvale CA, July 30, 2004 -- Faraday Technology Corporation (TAIEX: 3035), a leading fabless ASIC and IP provider, today announced a strengthening of its international business management functions, with the appointment of Charlie Cheng as Vice President of International Business Unit, and the promotion of Charlie Hauck to General Manager of Faraday USA. In their new roles, Cheng will direct Faraday's USA , Japan , and Europe subsidiaries, and manage the newly formed International Business Operation Division at headquarters, and Hauck will head up the company's North America Operation, reporting to Cheng.

"Besides bringing excellent leadership and vision to key positions, Cheng and Hauck have already played vital roles in helping us become an internationalized company," said H.P. Lin, President of Faraday. "Under Cheng's leadership, Faraday USA achieved record sales revenue and growth over the past 12 months. Hauck is heading a strong team positioning and promoting Faraday's technology in the US market. Their strong backgrounds and proven records in managing international business make them exceptionally valuable as Faraday continues to expand globally."

"Faraday offers unique advantages to customers throughout the global marketplace," said Cheng, Vice President of International Business. "I am proud to be a part of the team enhancing Faraday's global focus." Cheng was previously president of Faraday USA .

"I am excited about this new opportunity to lead Faraday USA through the next phase of growth and internationalization," said Hauck, General Manager of Faraday USA . Hauck was previously Vice President of US Field Market Development, responsible for product development, marketing and corporate strategies. In Hauck's new position, he will focus on the operating side of Faraday USA .

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, DSPs, PHY/Controllers for USB 2.0, Ethernet, and Serial ATA. With more than 500 employees and 2003 revenue of $111 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, world-wide. 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