Faraday Technology Appoints Charlie Hauck as Vice President of US Field Market Development

Former Engineering VP with extensive experience at major ASIC vendors to head up strategic market planning for Faraday

SUNNYVALE, California, and HSINCHU, Taiwan – February 10, 2004 - Faraday Technology Corporation (TAIEX: 3035), a leading fabless ASIC and IP provider, today announced the appointment of Charlie Hauck as Vice President of its new Field Market Development Division, reporting to Charlie Cheng, President of Faraday Technology USA. Hauck's addition to the management team underscores the company's focus on growth in the US market.

"Charlie Hauck has more than 26 years of R&D, engineering, marketing and management experience in the semiconductor industry and is a key addition to our team. His proven record and profound insights are strong assets for Faraday, especially as we are racing to meet US customers' demands for SoC solutions," said Charlie Cheng, President of Faraday USA. "His expertise will help drive the company's strategies and take the company to its next phase of growth."

Prior to joining Faraday, Hauck was Engineering Vice President of Lexra Inc., responsible for product development, engineering operations and working directly with the CEO on business strategies. From 1994 to 1998, Hauck was Director of ASIC Development at LSI Logic, responsible for advanced ASIC technology and library development; as well as directing the embedded DRAM joint partnership with Micron Technology. From 1987 to 1994, Hauck was IC Development Director of Kendall Square Research, managing the VLSI design team responsible for delivering working silicon for all custom chips. Hauck began his career in 1978 at Commodore, where he completed several VLSI chips and boards for consumer electronics and DSP systems.

Hauck graduated from the Johns Hopkins University with a Bachelor of Science degree in Electrical Engineering. He was awarded a Master of Science degree in Electrical Engineering from Massachusetts Institute of Technology.

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 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-tech.com