Faraday and Improv Systems Form Strategic Marketing Partnership for Implementing High-performance DSP Designs

Hsinchu, Taiwan and Sunnyvale, California – August 8, 2006-- Faraday Technology Corporation (TAIEX: 3035), a leading ASIC and Silicon IP provider, and Improv Systems, a leading supplier of DSP-based silicon IP, today jointly announced an agreement through which Faraday will market and assist mutual customers in integrating Improv's high-performance Jazz DSP platforms as part of Faraday's custom chip design service offering.

Improv offers a complete suite of solutions based on its popular Jazz™ DSP platform, a highly configurable, multiprocessor architecture that is well suited for today's demanding consumer, multimedia and mobile communications applications. In addition to being offered as a pre-configured fixed processors and with complete instruction sets for a variety of applications, the Jazz DSP is also available as a configurable solution or “designer-defined DSP core” - customizable by designers for their specific product or application domain. The Improv technology is offered in three main implementation options: Jazz DSP, Jazz Voice and Jazz Media, each tailored to the unique needs of each market.

“The Improv technology is an ideal match to Faraday's FA series CPU, and through this partnership, we can further enrich our IP portfolio, and gain more ASIC experiences. With Improv's innovative technology, combined with our silicon IP and ASIC design expertise, we are confident to highly fulfill the demands from electronic developers, and help expand the reach of Improv into the high-growth markets, such as DMA, IP-STB ( Set Top Box), HDTV, DVR, PMP, and Wi-Fi phone…etc.,,” said George Hwang V.P. of Faraday.

“We are pleased to be working with Faraday to help mutual customers take advantage of our respective expertise and technology. We're confident the skills they bring to bear on integrating complex SoCs and ASICs will allow designers to leverage the full potential of our DSP solutions,” said Bryan Greear, Vice President of Sales at Improv.

For more details about the above-mentioned silicon IPs, welcome to visit Faraday website: http://www.faraday-tech.com/html/products/agentIP/PartnerIPs_improv.html

About Improv Systems, Inc.

Improv Systems, Inc. develops and licenses configurable and pre-configured solutions to companies implementing high-performance, low-power processing applications. The company's offerings include the Jazz DSP, Jazz Media and Jazz Voice platforms and come with complete software development tool suites and validated reference boards. Improv's technology at allows designers to create optimized DSP cores targeted to consumer electronics, networking and telecommunications markets. For more information, please visit www.improvsys.com

About Faraday Technology Corporation

Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad SIP 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 650 employees and 2005 revenue of US$175 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