REXCHIP ELECTRONICS

Rexchip Electronics Corporation was established on November 10, 2006, as a 12" DRAM manufacturing joint venture between Taiwan's Powerchip Semiconductor Corporation (PSC) and Japan's Elpida Memory, Inc. Both PSC and Elpida will be providing several key management positions in order to support operations. Rexchip, combining Elpida's advanced R&D strength together with Taiwan's manufacturing efficiency will specialize in the production of high density/high performance DRAM (Dynamic Random Access Memory).