AMIC Technologies and HBA Announce Merger; Merging of the Two Taiwanese IC Design Houses Will Increase Competitiveness and Economies of Scale.

Business Editors/High-Tech Writers

HSINCHU, Taiwan--(BUSINESS WIRE)--Nov. 20, 2003

AMIC Technologies and High Bandwidth Access (HBA) today announced the merging of their two companies to create a single, more competitive organization that will leverage each other's strengths to improve operations and increase growth. AMIC held a special board meeting on November 12 to disclose the combining of the two companies that both specialize in providing memory solutions. According to the agreement, HBA will merge into AMIC Technologies, with further details to be discussed at AMIC's shareholder's meeting on December 12.

    The initial terms of the agreement are as follows:

    1.  The effective merger date is December 31, 2003.

    2.  The stock conversion ratio will be two HBA shares for each
        share of AMIC. AMIC will issue an estimated 18,000,000 common
        shares to complete this undertaking.

    3.  Partial shares (those not equaling 1 full share) will be paid
        out in cash according to book value. AMIC has authorized the
        company's CEO to find an independent agent to execute this
        transaction.

    4.  The merged company will operate in accordance with AMIC's
        corporate regulations and by-laws. Amendments may be proposed
        or discussed at AMIC's regular shareholder's meeting.

As the semiconductor industry continues to show signs of improvement, this move will increase competitiveness by giving the companies the ability to target more diversified market segments. In addition, as AMIC and HBA are both customers and invested companies of world leading semiconductor foundry UMC, manufacturing capacity can be more efficiently allocated as the foundry will be dealing with one organization instead of two. The merger comes at an opportune time during a recovering economy, as the combined company is poised to sharply increase its revenue and profits.

The move will also allow the companies to optimize its human resources, capital, and manufacturing equipment. Since AMIC and HBA produce complementary memory products, increased economies of scale and improved operating efficiencies will be realized. The post-merged company will create a single source that will offer the most complete range of memory products to address a wide range of market applications.

About HBA

High Bandwidth Access (HBA) is an ISO 9001 certified, fabless IC design company delivering a full range of the most advanced FIFO and specialty memory products to the electronics industry. Based on an innovative architecture and ASIC approach, HBA products provide the industry's highest bandwidth, highest density (up to 5Mb), and competitive prices on 3.3V and 5V memory devices. HBA has partnered with IC foundry leader UMC for semiconductor manufacturing and ASE Test Limited for IC packaging and testing, ensuring customers of high quality, high capacity, just-in-time delivery, and access to the latest technology. For more information about HBA, visit the company's website at www.hba.com.

About AMIC

AMIC Technology develops and markets a wide range of memory components and application specific design solutions. Our memory portfolio is expanding rapidly and already includes SRAM, DRAM, SDRAM, FLASH, OTP and Mask ROM products. With flawless performance AMIC distributes these high quality memory products into a wide spectrum of applications among our customers in the Americas, Asia and Europe.

AMIC products are memory components and application specific devices with high memory content. Our memory cores are versatile and flexible. Our IP cores are widely accessible and have proven themselves in mass production facilities. By extensive marketing we turn around ideas into products quickly to meet our customer demand.

With the leading silicon and back-end manufacturers AMIC Technology provides its customers with very large volume sharing of memory and system components.

AMIC's selective customer marketing approach and professional servicing allow us to aim for quality, servicing and dedication to fulfill our customer's demands. For more information about AMIC Technology, visit the company's website at www.amictechnology.com.