Faraday's Board Appointed John Hsuan as Chairman

HSINCHU, TAIWAN -- March 5, 2007 -- Faraday's biggest institutional investor UMC changed its representative in Faraday's board, replacing Robert Tsao by Henry Liu, a Senior Vice President at UMC. The board reelected semiconductor veteran John Hsuan, who has sat on Faraday's Board for 5 years, as the new Chairman.

About Faraday Technology Corporation

Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad silicon IP portfolio includes 32-bit RISC CPUs, DSPs, MPEG4, H.264, PHYs/Controllers for USB 2.0, 10/100 Ethernet, Serial ATA, PCI Express, Cell Library and Memory Compiler. With more than 700 employees and 2006 revenue of US$171 million, Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other world-wide markets. 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: www.faraday-tech.com.