SiliconXpress Receives Series A Funding

-- SiliconXpress, an innovative fabless semiconductor company specializing in design services for digital and mixed-signal devices, today announced the successful completion of Series A funding. The investment was led by Silicon360 a wholly owned California based company. Silicon360 offers product enabling solutions that include design, productization and manufacturing capabilities that cater to the specialty design migration and convergence markets for Military and Commercial products.

In addition to the financial investment, Silicon360 and SiliconXpress have formalized a partnership focused around the companies' complementary services. With the new partnership, SiliconXpress will offer design support to Silicon360, providing customers in the Military and Aerospace industry end-to-end silicon solutions, from design to production.

"We are very excited about our new business partnership with SiliconXpress," commented Zef Malik, president and chief executive officer of Silicon360. "SiliconXpress is a great complement to our productization strategy. Our partnership enables us to integrate leading-edge design capabilities from SiliconXpress into our turnkey model of semiconductor manufacturing to accomplish our goal of accelerating product deployment."

Silicon360's shared list of completed registrations/certifications, including ITAR, ISTA and AS9100 will expand SiliconXpress' operational capabilities in the market and allow both companies to drive new growth in the Military and Aerospace industry.

"We are very excited to secure this investment and to work closely with Silicon360," said Dr. Aftab Farooqi, president and chief executive officer of SiliconXpress. "This new alliance enables us to expand our services to the Military and Aerospace market, moving all of our operations in-house to provide a tremendous advantage to our customers."

About SiliconXpress

SiliconXpress is a fabless semiconductor company providing turnkey, design, fabrication, packaging and testing services for digital and mixed-signal devices. Among the services offered include RTL development, FPGA to ASIC conversions, RTL to GDSII, RTL to production silicon and wafers to production silicon. Recognized for delivering highly cost competitive services using an experienced team that is entirely U.S. based, SiliconXpress maintains offices in Santa Clara, CA and Lubbock, TX For more information, visit www.siliconxpress.com.

About Silicon360

Silicon360 is a privately-owned California based microelectronics company comprising of principal divisions of Silicon Turnkey Solutions (STS), a specialty assembly, test and qualification services provider, Hi-Reliability Microelectronics (HRM), a parts management, upscreening and qualification provider and a holding share in SiliconXpress, a leading design, fabrication, packaging and test services provider.

Silicon360 provides a one-stop source for Product Continuation, Die Banking and Life Cycle Management for Obsolete and Legacy products. Silicon360 predominately operates as a consolidator that facilitates a product from concept to silicon. Along with its partnering divisions, it has extensive experience in Supply Chain Management from Design, Fab, Assembly, Manufacturability and Production. For more information, please contact sales@silicon360.com