Alchip Strengthens Executive Management Team Industry Veteran Jim Bailey Joins as Chief Operating Officer

Taipei, Taiwan– August 23, 2007 – Alchip Technologies, Ltd., a leading provider of silicon design and manufacturing services for companies developing complex and high-volume system-on-chip(SoC) designs, today announced the strengthening of its management team with the appointment of Jim Bailey as Chief Operating Officer (COO). Bailey will be responsible for driving global business strategy,new business development and business operations in North America, Japan, China and Taiwan.

"Jim has had a successful track record creating business solutions forleading semiconductor companies and is a valuable addition toAlchip,” said Kinying Kwan, President and CEO of Alchip. “In such a competing industry it is our delight to add his leadership as an innovative, intelligent and dedicated person who deeply understands how to make organizations work effectively. With Jim's operational experience and technical knowledge on board we are confident that he will enable our business penetration in global markets. We are pleased to have someone of his caliber join our management team.”

"I'm excited to join a company that is trusted to deliver world class SoC design and manufacturing services and first pass silicon success," said Jim Bailey, COO of Alchip. "As customers increasingly rely on Alchip's superior SoC methodology and manufacturing services to achieve critical time to market objectives, I look forward to ensuring they experience the highest level of customer satisfaction."

Throughout his career, Bailey has gained recognition for creatingbusiness solutions that scale as well as strong leadership in managing global operations of leading companies, and leveraging his skills to help them achieve their strategic, operational and sales goals.

Bailey brings more than 25 years experience from the EDA and IP industry segments to Alchip. As COO, Bailey will be responsible for establishing and maintaining the success of the company that allows Alchip to continue its international growth and achieve its primary business objectives.

Prior to joining Alchip, Bailey served as Vice President with Virage Logic for worldwide sales and customer support. Bailey comes with diverse experience in sales, marketing and general management while engaging new businesses in cutting edge technology markets. Bailey has also served as President and CEO of Accenia, Inc. Before Accenia, Bailey served as a general manager in the Design for Manufacture (DFM) business unit at Cadence Design Systems from 2002 to 2004. Bailey joined Cadence in 2002 through the acquisition of Simplex Solutions. While at Simplex Solutions, Bailey held various management positions including vice president and general manager, vice president worldwide sales and sales director for North America. Bailey held various sales and consulting management positions with Mentor Graphics, Cadence Design Systems and XCAT Incorporated.

He began his career as software engineer in 1982 at Control Data Corporation/ETA Systems where he was the two-time winner of the Technology Excellence Award.

About Alchip

Alchip Technologies, Ltd., headquartered in Taipei, Taiwan, is a provider of silicon design and manufacturing services for companies developing complex and high-volume system-on-chip (SoC) designs. Founded in 2002 by semiconductor veterans from Silicon Valley and Japan, Alchip provides services intended to enable customers to cost-effectively address increasing technological complexity of silicon design and the need to reduce time to market. Alchip targets customers that address rapidly growing and high-volume end markets, such as entertainment devices, mobile phones, HDTV, communications equipment, computers and other consumer electronic products. Alchip has provided design services on numerous complex SoC devices at 130nm, 90nm and 65nm advanced process technologies. Alchip has branch offices in the U.S. (Santa Clara, CA), Japan (Shin-Yokohama), China (Shanghai), and Taiwan (Hsinchu). Additional information about Alchip is available at http://www.alchip.com.