VeriSilicon Appoints Robert A. Brown as Chief Financial Officer

SAN JOSE, Calif.-- April 29, 2015 --VeriSilicon Holdings Co., Ltd. (VeriSilicon), a Silicon Platform as a Service (SiPaaS^TM) company, today announced the appointment of Robert (Bob) Brown as Chief Financial Officer. Brown replaces Shannon Gao, who has resigned for personal reasons.

“We are pleased to have Bob Brown join VeriSilicon as he brings over 25 years of broad-based financial experience to our organization. His many years at LSI Corporation have enabled him to become intimately familiar with VeriSilicon and our business, since he played a key role in our acquisition of the ZSP product line from LSI in 2006. Bob’s depth of experience will be a strong benefit to VeriSilicon as we move forward with our strategic growth plans and our goal to become a public company in US,” said Dr. Wayne Dai, Founder, President and CEO of VeriSilicon.

Mr. Brown joins VeriSilicon after serving most recently as Vice President, Business Development at Cadence Design Systems, Inc., where he led the company’s mergers and acquisitions and strategic investment activities. Prior to that Mr. Brown served as Vice President and Treasurer at LSI Corporation, formerly LSI Logic. He was with the company for 13 years and responsible for LSI’s Treasury, Tax and Corporate Development functions. Earlier in his career, he served as Vice President, Financial Planning and Treasurer of internet travel start-up, GetThere, which had a successful IPO on NASDAQ in 1999 and was later acquired by Sabre. Mr. Brown held various financial positions at Hewlett-Packard after starting his career in corporate banking for Security Pacific National Bank (now Bank of America). Over the course of his career, he has played a key role in M&A transactions and financings valued at over $20 billion, including the sale of LSI to Avago Technologies for $6.6 billion in May 2014. He received his Bachelor of Science degree from Miami University and Master of Business Administration from the University of Michigan.

About VeriSilicon

VeriSilicon Holdings Co., Ltd. is a Silicon Platform as a Service (SiPaaS^TM) company that provides IP-centric, platform based custom silicon solutions and end-to-end semiconductor turnkey services for a wide range of applications across a wide variety of end markets including mobile internet devices, datacenters, the Internet of Things (IoT), wearable electronics, smart homes, and automotive.

VeriSilicon’s silicon platforms include licensable ZSP® (digital signal processor) based HD audio, HD voice, multi-band and multi-mode wireless platforms, Hantro HD video platforms, mixed signal NUI (natural user interface) platforms for voice, motion and touch interface. VeriSilicon’s custom silicon turnkey service encompasses design service that combines its technology solutions and value-added mixed signal IP portfolio targeted for a wide range of process technology nodes, including advanced nodes like 28nm, FD-SOI, FinFET and provide product engineering service for System on a Chip (SoC) as well as System in a Package (SiP).

VeriSilicon’s SiPaaS solutions shorten design cycle, enhance quality, and reduce risk. The breadth and flexibility of our SiPaaS solutions make it an attractive alternative for a variety of customer types, including both emerging and established semiconductor companies, Original Equipment Manufacturers (OEMs), Original Design Manufacturers (ODMs), and large Internet platform companies.

Founded in 2001 and head-quartered in Shanghai, China, VeriSilicon has over 500 employees with six R&D centers (China, US and Finland) and nine sales offices worldwide.