Faraday Reported 2009 Third Quarter Results

Third Quarter 2009 Highlights[1]:

• Year-over-year revenue increased 4.1% to NT$1,533 million (US$46.7million)
• Gross margin, 41.5%
• Net income of NT$286 million (US$8.7 million)
• Earnings per share of NT$0.80 for the quarter

Hsinchu, Taiwan -- October,30 2009 -- Faraday Technology Corporation (TSE: 3035), a leading fabless ASIC design solution and silicon IP provider, today announced its unconsolidated operating results for the quarter ended September 30, 2009. The third quarter revenue was NT$1,533 million, while net income and basic earnings per share came to NT$286 million and NT$0.80, respectively.

In ASIC business, the Consumer sector achieved a most significant QoQ growth rate at 69%, outperforming than expectation. Display and Multimedia sectors also performed well by 30%, and 20% growth rate, respectively. In terms of gross margin, due to the expansion of ASIC revenue, the overall gross margin dropped by 1.2%, and came to 41.5%.

Looking into Q4, by seasonality, the overall revenue is expected to decline compared with Q3, but there is high chance for a better growth margin.

Summary of Operating Results

Operating Results

More details ...

[1] Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with ROC GAAP, which differ in some material respects from generally accepted accounting principles in the United States. They are un-audited, un-consolidated, and represent comparisons among the three-month period ending September 30, 2009, the three-month period ending June 30, 2009, and the equivalent three-month period that ended September 30, 2008. For all 3Q09 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. dollars at the exchange rate of NT$32.797 to one U.S. dollar.

About Faraday

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 2008 revenue of US$ 149 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 market. 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.