APLUS FLASH TECHNOLOGY ANNOUNCES EMBEDDED EEPROM IP LICENSING PARTNERSHIP WITH SMIC


San Jose, California, February 27, 2003 - Aplus Flash Technology, a leader in nonvolatile memory, recently signed an agreement with SMIC, the first full-service 8" semiconductor foundry in China, to serve as an embedded EEPROM IP provider. The agreement was signed in the last quarter of 2002, with both companies now promoting the licensing availability of the EEPROM IP after completion of design and verification.


Aplus' embedded EEPROM IP is offered based on SMIC's 0.35um EEPROM technology in densities from 1KB to 64KB. The design and verification for the embedded EEPROM IP library were completed earlier this year.


Testing and verification results have been positive with fully functional wafers. The embedded EEPROM IP offers operating voltages from 2.5V to 5.5V with chip erase, chip write and page write capabilities, and is ideal for 3V and 5V applications. The next chips to be completed this April are targeted to work down to 1.8V to expand the voltage application range for SMIC's and Aplus' EEPROM customers. Aplus also offers customized IP designs for ASICS, DSPs, CPUs, etc.


SMIC's and Aplus' combination of embedded EEPROM IP and foundry services gives customers flexible embedded EEPROM solutions for applications needing low-density in-system reprogrammability, such as smart cards, etc. Of the major foundries, many only offer EEPROM in 0.5um technologies and above with no embedded EEPROM IP available. Jointly, SMIC and Aplus offer a convenient solution for customers needing both cost-effective IP and wafers.


With many more embedded NVM IPs available and next generation technology under development, Aplus is firmly establishing itself as a premier NVM IP and memory provider. Aplus offers proven, experienced designs that can be customized to fit each customer's needs with quick turnaround and manufacturing flexibility and capacity.


About Aplus Flash Technology:
Aplus Flash Technology, Inc., was founded in 1998 as a fabless design company. Our founders, Peter W. Lee et al. are pioneers and leaders in nonvolatile memory (NVM) technology specializing in embedded NVM memory IP. Our product line includes memory products like ROM, OTP EPROM, NTP and EEPROM, with Flash under way. It also encompasses embedded designs such as ROM, OTP, NTP, EEPROM and MaxFlash embedded. Aplus' embedded licensees include leading global semiconductor companies and our foundry connections span worldwide in countries including Taiwan, Korea and China. For more information, please visit: www.aplusflash.com.


About SMIC:
SMIC is the first pure-play advanced IC foundry in China to achieve volume production for 8-inch wafers at 0.25-µm and finer line technologies. Established in April 2000, SMIC is a Cayman Islands company based in Shanghai. The foundry provides customers with a full range of services that include: design services, mask manufacturing, wafer fabrication as well as testing capabilities. For more information, please visit: www.smics.com.

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For more information about Aplus and our product offerings, please contact:

Christine Lee
Aplus Flash Technology, Inc.
1982A Zanker Road,
San Jose, CA 95112
USA
(408)200-9432 x219