Faraday Technology Appoints Luis Ancajas as New Vice President of US Sales

Former Executive of Synfora to Expand Faraday's Presence in the US

SUNNYVALE, California, and HSINCHU, Taiwan – January 5, 2004 - Faraday Technology Corporation (TAIEX: 3035), a leading provider of ASIC design services and silicon proven IP, today announced the appointment of Luis C. Ancajas as Sales Vice President of Faraday Technology USA. Mr. Ancajas will assume his duties immediately and be based at Faraday's US operation in Sunnyvale, CA.

Ancajas has more than 15 years of R&D, sales and management experience in the semiconductor and computer industries. In his new role at Faraday USA, Ancajas will run the ASIC and IP Sales Division, heading up the sales team and expanding Faraday's presence in this area. In this capacity he will report to Charlie Cheng, President of Faraday Technology USA.

"Luis has a remarkable track record and close relationships with many of leading IC design companies and system houses," said Charlie Cheng, President of Faraday USA. "I'm delighted to have Luis join Faraday. His sales expertise and proven leadership will play key roles in meeting existing customers' needs as well as expanding our customer base."

Prior to joining Faraday Technology, Ancajas was Sales Director of Synfora, a spin-off of HP Labs, where he was in charge of business development and North America sales, and worked with major semiconductor vendors to license breakthrough C-to-RTL compiler technology. Before Synfora, Ancajas was Director of Sales and then Sales Vice President of Lexra Inc., growing the IP business in such industries as networking, storage, and communication. From 1993 to 1998, he held senior product marketing positions at Synopsys and Quickturn Design Systems. Ancajas began his career in 1988 at Amdahl Corp., where he developed three generations of IBM mainframe compatible CPUs over a five-year period.

Ancajas holds an M.S.E.E degree from Stanford University, and graduated with a B.S.E.E. degree from University of California, Berkeley.

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 2002 revenue of 96.2 million, Faraday is the largest fabless ASIC company in all Asia-Pacific. 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-usa.com