Amnon Fisher Resigns as CEO Of Genesis Microchip; James E. Donegan Appointed Board Chairman and Interim CEO.

Business Editors/High-Tech Writers

Genesis Microchip Inc. (Nasdaq:GNSS), a global leader in imaging and digital video/graphics processing technologies, announced today that Amnon Fisher, its president and chief executive officer, has resigned, effective immediately. Fisher also stepped down from the board of directors. At the board's request, James E. Donegan has agreed to serve as interim chief executive officer. Donegan, an outside director who has served on the company's board since 1997, was also elected by the board as its new Chairman, succeeding Alex Lushtak, who remains as a director of the company.

"Despite recent performance issues, Genesis has the products, technology and people to continue its leadership in the flat panel display sector and to diversify its business into other high-growth display markets," said Donegan. "We fully recognize the challenges that we face, and we are committed to dealing with them in order to capitalize on the market opportunities before us."

Previously, Donegan served as the chairman of the Board and chief executive officer of Sipex Corporation, a semiconductor company, which he joined in 1985.

About Genesis Microchip

Genesis Microchip is a leading supplier of cost-effective integrated circuits and software solutions, which are at the core of all display systems. Flat-panel displays, digital televisions, and consumer video products all benefit from Genesis technology, which connects and formats any kind of source content to be displayed with the highest image quality on any type of display. All leading brand-name monitor vendors use "Genesis Display Perfection" components. Founded in 1987, Genesis has offices in: Silicon Valley, California; Toronto, Canada; Bangalore, India; Taipei, Taiwan; Seoul, Korea; Shenzen, China and Tokyo, Japan. Further information is available at www.genesis-microchip.com.

This news release contains forward-looking information within the meaning of federal securities regulations. These forward-looking statements include statements concerning Genesis's continued leadership in the flat panel display sector, the diversification its business and its ability to capitalize on market opportunities. Genesis assumes no obligation to update this forward-looking information.

Note to Editors: Genesis is a registered trademark of Genesis Microchip Inc. Genesis Display Perfection is a trademark of Genesis Microchip Inc.