Faraday Announced Revenue for October; Record Revenue of NT$460Million

HSINCHU, TAIWAN – Nov 8, 2004 -- Faraday Technology Corporation (TAIEX: 3035) (“Faraday”), a leading silicon IP and fabless ASIC company today announced its October revenue of NT$460 million, up 33.3% from the same period last year. A break down of October's revenue includes 81.8% from ASIC and 11.0% from IP.

Table 1: Faraday October Sales Revenue

Net sales	2004	2003	YoY Change
October	460,336	345,363	33.3%
January through October	4,117,515	3,103,221	32.7%

Unit:KNTD

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 the Asia-Pacific region, and it also has a significant presence in other markets, world-wide. 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