SANTA CLARA, Calif. -- October 4, 2004 -- Alchip Technologies, a fabless SoC design and manufacturing service provider, today announced that it was selected by Mitsubishi Electric Corporation to design, produce and supply a next-generation networking chip. Mitsubishi Electric Corporation is using Alchip's Faster Time-to-Market Turnkey Solution to ensure both the quality of this particular product and the predictability of the product development and delivery schedule. Alchip will implement the physical design and manufacture for Mitsubishi this high-complexity architecture using TSMC's 0.13| ?m silicon technology, running at as high as 800MHz and containing more than 15M logic gates and embedded memories.
"Alchip's Faster Time-To-Market Turnkey Solution enables Mitsubishi Electric to accelerate high-complexity chip development schedule to meet our requirements," said Kazuhiko Takase, Chief Engineer, Hardware Engineering of Mobile Terminal Center at Mitsubishi Electric Corporation. "Alchip's engineering team has demonstrated superior capabilities and impressive track record in delivering high-complexity SoC chips at first cut, giving us very high confidence to work with Alchip to deliver our promise to our end customers on time."
Alchip's Faster Time-To-Market Turnkey Solution is a service in which the customer completes architectural and RTL design of an IC, and Alchip handles all specs of physical design, product engineering and mass production. It allows customers to focus engineering resources on product ideas and front-end design, while Alchip leverages its physical design and product engineering expertise, third-party vendor partnership, including foundries, packaging and testing companies and IP companies, and supply chain management to deliver the highest quality parts on time.
"There is no better proof than our ability to work with a world class company like Mitsubishi Electric on such high-complexity chip at leading-edge technology," said Kinying Kwan, Chairman, President and CEO of Alchip. "Alchip has been delivering first silicon success in functionality, yield and reliability on cutting-edge SoC designs since it was founded in 2002. Our return customers continue to validate our successful business model and design methodology advantage. Alchip provides unmatched SoC design and product engineering expertise, coupling with flexible engagement model and undeniably high quality results, to help our customers achieve faster time-to-market in today's highly competitive markets."
About Mitsubishi Electric Corporation
With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation(TSE: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,309 billion yen (US$31.2 billion*) in the fiscal year ended March 31, 2004. For more information visit http://global.mitsubishielectric.com
*At an exchange rate of 106 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2004.
About Alchip Technologies
Alchip Technologies is a fabless SoC design and manufacturing services provider to the world's leading systems and semiconductor companies. Founded in 2002 by semiconductor veterans from Silicon Valley and Japan, the company offers Faster-Time-To-Market Turnkey Solution and One-Pass-Silicon-Success Design Solution to endow the customer with time-to-market advantage. Alchip has proven its capabilities in the Fabless ASIC space by successfully delivering first silicon success on high-end, high-complexity SoC designs at 0.13| ?m and currently are designing 90nm chips. Headquartered in Taipei, Taiwan with offices in Santa Clara, CA, Shin-Yokohama, Japan, Shanghai, China, Alchip has 65 employees. For more information about Alchip, visit http://www.alchip.com
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