True Circuits Signs Multi-year PLL License with Canaan Creative in China

Provides Leading Edge IP for High Performance Computing and Artificial Intelligence Chips

Shanghai, China -- May 7, 2018 -- True Circuits, Inc. (TCI), a leading provider of semiconductor analog and mixed-signal intellectual property (IP) announced today it has signed a multi-year license with Canaan Creative (Canaan) to provide them with high-quality, low-jitter Phase-Locked Loops (PLLs). Canaan is using the TCI IP for its High Performance Computing (HPC) ASIC, as well as its Knowledge Processing Unit (KPU), which is dedicated to artificial intelligence and machine learning.

“We have successfully used TCI PLL IP in our products and have found it to be very reliable and robust, with excellent analog supply noise rejection and the ability to operate at a very low voltage”, said Mark Wu, V.P. of Technology at Canaan Creative. “We are also very pleased with the technical support from True Circuits. We look forward to our continued partnership and expect many successful projects in the years to come.”

“TCI is honored to provide long-term support to a company like Canaan Creative, which is leading the way in cutting edge markets like artificial intelligence”, said Stephen Maneatis, Chief Executive Officer of True Circuits. “Our robust and highly featured PLL IP is easy to use and integrate. It is also well suited for the power, performance and area requirements of Canaan’s products. We are glad to collaborate with such an innovative company in China and look forward to all the mutual benefits that will come from this valued relationship.”

About Canaan Creative

Founded in 2013, Canaan Creative is the worldwide leader in producing Blockchain servers and designing ASIC microprocessor solutions. Canaan products are sold globally. From the very first SHA-256 based upon FPGA technology to the HPC ASIC, Canaan continues to innovate by producing custom designed ASIC microprocessors.

About True Circuits in China

True Circuits’ PLL and DLL IP has been used in more than 85 products by over 35 Chinese technology companies since 2006. Over the past 12 years, True Circuits has consistently grown its IP business in China by initially focusing on some of the large chip and design service companies and later expanding to serve the exciting growth of innovative small and startup companies emerging across China’s semiconductor landscape. True Circuits is proud of its long history in China and the many significant products, relationships and growth sectors it has been a part of.

Much of True Circuits’ success in China is due to IP products that are robust, easy to use and well supported. Customers also receive an excellent sales experience with the help of its China sales representative, Pinnacle Design Systems, Ltd. Please contact Willy Huang at willy@pinnacle-ipcores.com for assistance with your timing needs.

About True Circuits

True Circuits develops and markets a broad range of industry leading PLLs, DLLs and DDR PHY hard macros for ICs for the semiconductor, systems and electronics industries. TCI's robust state-of-the-art circuits, methodical and proven design strategy, and close association with the world's leading foundries, IDMs, and design services companies allow the company to quickly and reliably create new and innovative designs in a variety of advanced process technologies. For over 20 years, True Circuits has distinguished itself as the technology leader in the timing IP space, and its PLLs and DLLs are used extensively around the world in its customers' products with production volumes in the billions.

True Circuits is headquartered at 4300 El Camino Real, Suite 200, Los Altos, California 94022 and can be found on the web at www.truecircuits.com. Product inquiries can be made by calling the company directly at (650) 949-3400 or via e-mail at sales@truecircuits.com.