Magnum Semiconductor, Inc. Continues International Expansion with the Opening of Sales and Support Offices in Japan

August 7, 2006

MILPITAS, Calif.--(BUSINESS WIRE) — August 2006

Magnum Semiconductor, Inc. (“Magnum”) today announced the opening of its new sales and applications support offices in Tokyo, Japan. Mr. Yoji Iwade has been appointed to the position of Japan’s country manager, and will direct the subsidiary’s business endeavors and drive Magnum’s sales activities and customer support business strategies and alliances throughout the country.

“The establishment of Magnum offices in Japan demonstrates our commitment to provide better service to Magnum’s current and new customers,” states Jack Guedj, president and chief executive office of Magnum Semiconductor, Inc. “Yoji’s broad array of skills, leadership and market experience will be tremendous assets to lead Magnum’s expansion in Japan. We are delighted that he has accepted this challenging and exciting new role.”

Iwade was formerly with UEC, Magnum’s distributor in Japan, where he was employed for more than ten years as marketing and sales manager for ESS Technology. For the five years prior, Iwade worked for Kanematsu in key marketing and sales positions.

"I'm thrilled to be joining a successful and fast-growing organization such as Magnum," commented Iwade. "I feel confident that Magnum’s products and technologies, Tier 1 customer base and strong brand awareness are the key ingredients we need to extend our success in the Japan market.”

Magnum Semiconductor in Japan is located in the Konwa Building, 12-22 Tsukiji 1-chome, Chuo-ku, Tokyo, 104-0045; office number is +81 3 3547 6085.

About Magnum Semiconductor

Magnum Semiconductor is a premier provider of chips, software, reference platforms and engineering support services for recording, viewing and managing highquality audio/video content. Magnum Semiconductor is headquartered in Milpitas, Calif. with sales and engineering offices in Canada, China, India, Japan, Korea, and Taiwan. Further information is available at www.magnumsemi.com.

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