Q1 Report.Pub

Volume 1 Issue 1

Fabless Fundings Methodology The Fabless Semiconductor Association (FSA) has published its first Fabless Fundings quarterly report. The Q1 2002 Fabless Fundings report is based on secondary research collected by the FSA and includes an overview of the fabless funding deals and the IPOs that occurred in 2000, 2001 and the first quarter of 2002. The fundings are listed as they occurred by month.

In addition to the listing, the Fabless Fundings report segments funding activity by a variety of criteria, including (for 2000 and 2001): • The total number of fundings • The total amount of all private equity investments • The average amount per deal • The average number of deals per quarter • The average amount per quarter • The median amount per quarter • The average number of fundings per round • The average amount per round • Percent of fundings by geography

For 2002, the funding activity is segmented by: • Average funding amount • The average number of deals per round • The average amount of funding per round • Percent of funding deals by geography

Data was collected using information from both private and public information sources, such as Venture Economics, the funded companies’ Web sites, FSA surveys, IPO.com, press releases and industry articles posted on respective Web sites.

Fabless Fundings Analysis The first edition of the FSA’s Fabless Fundings quarterly report reviews all fundings received by fabless companies in 2000, 2001 and Q1 2002.

Summary of Fabless Funding In 2000, the fabless semiconductor industry experienced a banner year. Public fabless companies grew an amazing 68% in 2000, practically doubling the growth of the worldwide semiconductor industry (38%)! Because of their total focus on product and design innovation, fabless companies are quick to respond to market changes. The fabless industry’s total focus on design innovation is a direct result of continued investment in fabless companies by the financial community. The venture capital community invested $2.6 billion in fabless companies in 2000, with 156 fundings identified throughout the year.

And although 2001 jolted everyone in the semiconductor industry with the biggest downturn in history, fabless fundings remained relatively unaffected. Despite performance declines in revenues, a drop in initial public offerings, fewer mergers and acquisitions, a reduction in capital spending and dramatically reduced foundry utilization rates, the fabless segment continued to receive an unprecedented amount of funding from the venture capital community. Riding on the tail of a successful 2000, 2001 funding amounted to $2.5 billion, with 162 fundings identified throughout the year.

Funding deals started slowly in 2000, with only 26 occurring in Q1, but 45 in Q2, 40 in Q3 and 45 in Q4. The amount of funding also rose throughout the year, with the average investment amount of $5.9 million in Q1, $17.0 million in Q2 and $23.2 million in Q3. However, fundings dropped to $16.6 milion in Q4, as the semiconductor economy began slowing. Comparatively, funding received by fabless companies in Q1 2001 was higher than any quarter in 2000, with $954.8 million being invested in 52 deals in Q1, suggesting that a carry-over of Q4 2000 fundings finally made their way to fruition in Q1. Thereafter, however, the number of fundings dropped to an average of 37 per quarter for an average amount of $507.7 million from Q2 to Q4 2001. Of the $2.5 billion in total investments in 2001, 32% of these occurred in Q1.

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 Fabless Funding Summary 2000 2001 2002 Quarter Fundings Amount Fundings Amount Fundings Amount Q1 26 $154.1M 52 $954.8M 26 $506.4M Q2 45 $765.7M 38 $468.1M N/A N/A Q3 40 $927.0M 35 $561.7M N/A N/A Q4 45 $748.3M 37 $493.3M N/A N/A Total 156 $2.6B 162 $2.5B 26 $506.4M

As might be expected, companies seeking first-round funding fared better in 2000 and 2001 than those seeking additional funding, with 35% and 33%, respectively, to companies seeking first-time venture capital. How- ever, this changed substantially in Q1 2002, with only 12% of first-round funding doled out, and 50% achiev- ing second or third rounds of funding.

Fabless Funding Summary Round 2000 2001 Q1 2002 Percent Average Percent Average Percent Average Amount Amount Amount First Round 35% $15.8M 33% $8.8M 12% $14.3M Second Round 25% $14.0M 29% $16.9M 35% $10.8M Third Round 16% $20.8M 20% $22.8M 15% $30.8M Fourth Round 8% $13.2M 8% $21.5M 4% $56.0M Fifth Round 7% $21.1M 3% $15.7M 4% $21.0M Sixth Round 7% $27.4M 3% $11.8M 8% $26.8M

Undisclosed 3% $15.8M 5% $11.1M 22% $18.8M

Twenty-two percent of investments were made to companies seeking a fourth or higher round of funding in 2000, compared to 14% in 2001 and 16% in Q1 2002. Companies seeking a first-round investment raised an average of $15.8 million per deal in 2000, compared to $8.8 million for first-round investment in 2001 and $14.3 million in Q1 2002. Those seeking a third or higher round of funding received an average of $20.6 million per deal in 2000, an average of $17.6 million in 2001 and $33.7 million in Q1 2002.

Who’s getting this investment? The 10 fabless companies that raised the most money in 2001 and 2000 are listed in the following table. 2001 2000

Month Funded Company $M Month Funded Company $M Aug. Accelerant Networks $104.3 Aug. Legerity $375.0 Jan. Network Elements $77.0 April Transmeta $88.0 Jan. Terawave Communications $73.0 Oct. VxTel $62.0 Mar. Atheros Communications $66.7 Aug. Silicon Wave, Inc. $56.7 Jan. NetLogic Microsystems $54.0 Sept. Silicon Access Networks $56.0 June ZettaCom $47.5 Feb. EmpowerTel Networks $54.0 Feb. Chameleon Systems $47.0 Nov. Chameleon Systems $47.0 July Velio Communications $45.0 May eSilicon Corporation $44.1 Sept. Tropian $45.0 May Ubicom $42.1 Jan. Morphics Technology $44.0 Dec. Chinook Communications $42.0

2 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 The five fabless firms that raised the most money in Q1 2002 are Mellanox Technologies at $56 million, Pri- marion at $47 million, Legerity at $40 million, Ikanos Communications at $35 million and Silicon Access Net- works at $34 million. Conclusion Although Q1 2002 witnessed a drop in VC activity, the year-to-date is still outperforming the long-run historical trend, according to IPO.com. Fabless companies received the same number of funding deals in Q1 2002 as they did in Q1 2000 (26), receiving $352.3 million more in investments in that timeframe. This indicates that funding is still available, but it is more difficult to close. Now more than ever, chip start-ups looking to get their first- round funding must come to the table with designs that push the envelope and that are unique. Second and third rounds are difficult in this environment, but are critical to getting product to market and ultimately show- ing a return on investment. Chip start-ups at the early stages are not expected to introduce a product for 18 to 24 months, and don’t typically get acquired or go public until three to five years after that. The ultimate goal of the private equity investor and the entrepreneurial team is the eventual transition to tapping into public equity through an initial public offering (IPO). The total number of IPOs in 2001 was one-tenth of 2000’s total, but several semiconductor companies finished above their IPO price. Though a number of fabless companies withdrew their offerings in 2001, one company, Multilink Technology [NASDAQ: MLTC], bravely faced the market and priced in June. In addition, there were several semiconductor-related companies that com- pleted successful IPOs including software design and services companies, such as Simplex Solutions [NASDAQ: SPLX], PDF Solutions [NASDAQ: PDFS], Magma Design Automation [NASDAQ: LAVA] and LogicVision [NASDAQ: LGVN]. All of these companies finished the year above their IPO price.

2001 Fabless Initial Public Offerings Company Ticker IPO Date Offer Price Price 12/31/01 Multilink Technology MLTC 6/20/01 $9.00 $6.48

“Cutback has been the VC industry buzzword during Q1 2002, but the industry’s most severe reductions have nothing to do with management fees or fund sizes. Instead, VCs are feeling the greatest pinch from their dras- tically shrinking piece of the IPO market pie,” indicated a report from Venture Economics. The good news, said Mark Heesen, President of the National Venture Capital Association, is that valuations are stabilizing and venture-backed companies that have gone public are performing well.

In 2001, the FSA created a Venture Capital Advisory Board, which includes veteran fabless semiconductor venture capital investors from Austin Ventures, Battery Ventures, Greylock, Interwest, Mohr Davidow, Se- quoia Capital, Sevin Rosen and 3i.

According to Stephen Straus, General Partner at Austin Ventures and Chair of the FSA VC Advisory Board, “the creation of the FSA’s VC advisory board was timely as the venture capital industry and the semiconductor markets face a period of both uncertainty and opportunity. Fabless startups have been a strong focus of the venture capital industry since the fabless model first emerged. And, despite the rapid decline in investment pace in 2001, there is an overwhelming consensus in the VC community about the long-term nature of entrepreneurial opportunities that can be exploited by fabless semiconductor companies.”

For More Information

The FSA encourages any fabless company that seeks a listing in the Q2 2002 Fabless Fundings report to con- tact the FSA to submit the appropriate information. If you find that your company’s information requires changes, please e-mail the FSA. All information changes or requests for inclusion may be made to:

Lisa Tafoya, FSA Project Manager, [email protected] Shannon Phillips, FSA Project Coordinator, [email protected]

Month Quarter Funded Company Location Amount Round Investors ($M) 1 January 1st Quarter 3DLabs California $10.0 Undisc. Undisclosed 2 March 1st Quarter Azanda Network Devices California $19.0 2 Bessemer Venture Partners, Highland Capital Partners, Commonwealth Capital Ventures, Goldman Sachs 3 March 1st Quarter Bermai (formerly Bergana California $15.00 1 Blueprint Ventures, Mobius Venture Capital, Advanced Communications) Technology Ventures 4 January 1st Quarter ChipWrights Massachusetts $8.7 2 BancBoston Ventures, Band of Angels VC Fund, MTDC Ventures, New England Partners Capital, JPMorgan Part- ners, TechFarm. 5 February 1st Quarter Corrent Arizona $16.0 3 United Investments, Infineon Technologies, Battery Ven- tures, UMC 6 January 1st Quarter Cyan Technology United Kingdom $2.8 2 Cambridge Gateway Fund, NIF Ventures 7 January 1st Quarter Cygnal Texas $20.5 Undisc. Alliance Technology Ventures, Austin Ventures, BA Ven- ture Partners, Current Ventures, JatoTech Ventures, KLM Capital Group, Liberty Mutual Group 8 February 1st Quarter eSilicon California $6.0 Undisc. Fremont Ventures 9 February 1st Quarter eSilicon California $11.0 Undisc. Crosspoint Venture Partners, Texas Pacific Group 10 March 1st Quarter Ikanos Communications California $35.00 3 Panasonic Venture Capital, Presidio Venture Partners 11 February 1st Quarter Ishoni Networks California $25.00 Undisc. Phillips Electronics 12 February 1st Quarter Legerity Texas $40.0 Undisc. Undisclosed 13 January 1st Quarter Magis Networks California Undisc. 2 Bay Partners, Crescendo Venture Management, Vulcan Ventures 14 February 1st Quarter Mellanox Technologies, Inc. California $56.0 4 Bessemer Venture Partners, Banc of America Securities, China Development Investment Bank, Dell Computer Corp, Gemini Israel Funds, Jerusalem Global Ventures, JNI Corporation, Quanta Computers, Sun Microsystems Inc., Walden Israel Venture Capital 15 February 1st Quarter NetOctave North Carolina $7.8 2 MCNC, North Carolina Enterprise, Wakefield Group, Intel Communications Fund, Intersouth Partners, Kitty Hawk Capital 16 February 1st Quarter Octasic Canada $11.5 2 Novacap, Individual Investors, Investissement Quebec 17 January 1st Quarter Primarion Arizona $47.0 3 Lehman Brothers, Accel Partners, APV Technology Part- ners, Intel Capital, Intersil Corporation, Kock Ventures 18 March 1st Quarter Resonext Communications California $25.0 3 INVESCO Private Capital, WK Technology Fund, Nor- west Venture Partners (NVP), Bessemer Venture Part- ners, Oak Investment Partners 19 January 1st Quarter Sierra Logic California $5.3 1 Quantum Technology Partners, TPG Venture 20 March 1st Quarter Silicon Access Networks California $39.0 4 Glynn Capital Management, Norwest Venture Partners, Parker Price Venture Capital Inc., Pilgrim Baxter & Asso- ciates, Soros Fund Management LLC, Sprout Group, Synopsys, Tallwood Venture Capital, Van Wagoner Capi- tal Management 21 February 1st Quarter Silicon Bandwidth California $27.2 2 CIBC Capital Partners, VantagePoint Venture Partners, GKM Ventures, Harbinger Ventures, Three-Five Systems 22 March 1st Quarter SiRF California $19.6 8 Matsushita Group Ltd., Conexant Systems, Inc., Wasatch Funds, President International Development Corpora- tion, China Development Industrial Bank, Fat Capital, ICCP Ventures, Inc., Tallwood Venture Capital 23 January 1st Quarter Spirea Sweden $11.0 2 Kennet Capital Ltd, NIB Capital Private Equity, Prime Technology Ventures, Ventech AB, Zodiak Venture Capi- tal 24 February 1st Quarter Tak'Asic France $9.5 2 Sofinnova Partners, Doughty Hanson Technology Ven- tures, Innovacom, Ventech and SPEF Venture 25 January 1st Quarter TelASIC Communications California $22.5 1 Com Ventures, Mission Ventures, Redpoint Ventures, Raytheon 26 January 1st Quarter Tripath Technologies California $21.0 5 Pequot Capital Management Inc., Undisclosed Total Funding Amount $506.4

4 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 Q1 2002 Percent of Funding Deals by Round 12% Q1 2002 Percent of Fabless Fundings by Geography 22% 1st Round California 62% 2nd Round Arizona 7% Texas 7% 3rd Round Canada 4% 4th Round 8% France 4% 35% 5th Round Massachusetts 4% 4% 6th Round & Above North Carolina 4% 4% Undisclosed Sweden 4% 15% United Kingdom 4%

Q1 2002 Average Investment Amount by Round

$56.0M $60.0 $50.0 $40.0 $30.8M $26.8M $30.0 $21.0M $18.8M ($M) $14.3M $20.0 $10.8M $10.0 $0.0 1st Round 2nd Round 3rd Round 4th Round 5th Round 6th Round & Undisclosed Above

Q1 2002 Fabless Fundings Investors Invested Companies 1 Accel Partners Primarion 2 Advanced Technology Ventures Bermai (formerly Bergana Communications) 3 Alliance Technology Ventures Cygnal Integrated Products 4 Anthelion Capital Ikanos Communications 5 APV Technology Partners Primarion 6 Austin Ventures Cygnal Integrated Products 7 BA Venture Partners Cygnal Integrated Products 8 Banc of America Securities Mellanox Technologies, Inc. 9 BancBoston Ventures ChipWrights 10 Band of Angels VC Fund ChipWrights 11 Battery Ventures Corrent Corporation 12 Bay Partners Magis Networks 13 Bessemer Venture Partners Mellanox Technologies, Inc., Resonext Communications, Inc., Azanda Network Devices 14 Blueprint Ventures Bermai (formerly Bergana Communications) 15 China Development Industrial Bank Mellanox Technologies, Inc. 16 CIBC Capital Partners Silicon Bandwidth 17 Com Ventures TelASIC Communications 18 Commonwealth Capital Ventures Azanda Network Devices 19 Conexant Systems SiRF Technology, Inc. 20 Crescendo Venture Management Magis Networks 21 Dell Ventures Mellanox Technologies, Inc. 22 Doughty Hanson Technology Ventures Tak'Asic 23 FAT Capital Management SiRF Technology, Inc. 24 Fremont Ventures eSilicon 25 Gemini Capital Fund Management Mellanox Technologies, Inc.

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 5 Q1 2002 Fabless Fundings Investors Invested Companies 26 GKM Ventures Silicon Bandwidth 27 Glynn Capital Management Silicon Access Networks 28 Goldman Sachs Azanda Network Devices 29 Greylock Ikanos Communications 30 Harbinger Ventures Silicon Bandwidth 31 Highland Capital Partners Azanda Network Devices 32 Infineon Ventures Corrent Corporation 33 Innovacom Tak'Asic 34 Intel Capital Ikanos Communications, Mellanox Technologies, Inc., Primarion 35 Intel Communications Fund NetOctave 36 Intersil Corporation Primarion 37 Intersouth Partners NetOctave 38 INVESCO Private Capital Resonext Communications, Inc. 39 Investissement Quebec Octasic, Inc. 40 J.P. Morgan Partners Ikanos Communications. ChipWrights 41 JatoTech Management Cygnal Integrated Products 42 Jerusalem Global Ventures Mellanox Technologies, Inc. 43 Kennet Capital Spirea AB 44 Kitty Hawk Capital NetOctave 45 KLM Capital Group Cygnal Integrated Products 46 Koch Ventures Primarion 47 Lehman Brothers Primarion 48 Matsushita/Panasonic SiRF Technology, Inc. 49 MCNC NetOctave 50 Mission Ventures TelASIC Communications 51 Mobius Venture Capital Bermai (formerly Bergana Communications) 52 MTDC Ventures ChipWrights 53 New England Partners Capital ChipWrights 54 NIB Capital Private Equity Spirea AB 55 NIF Ventures Cyan Technologies 56 North Carolina Enterprise NetOctave 57 Norwest Venture Partners Resonext Communications, Inc., Silicon Access Networks 58 Novacap Inc. Octasic, Inc. 59 NW Brown Capital Partners Cyan Technologies 60 Oak Investment Partners Resonext Communications, Inc. 61 Panasonic Ventures Ikanos Communications 62 Parker Price Venture Capital Silicon Access Networks 63 Pequot Capital Management Tripath Technologies 64 Philips Electronics Ishoni Networks 65 Pilgrim Baxter & Associates Silicon Access Networks 66 Presidio Venture Partners Ikanos Communications 67 Prime Technology Ventures Spirea AB 68 Quantum Technology Partners Sierra Logic 69 Raytheon TelASIC Communications 70 Raza Foundries Mellanox Technologies, Inc. 71 Redpoint Ventures TelASIC Communications 72 Ridgewood Capital Management Ikanos Communications 73 Sequoia Capital Ikanos Communications, Mellanox Technologies, Inc. 74 Sofinnova Partners Tak'Asic 75 Soros Fund Management Silicon Access Networks 76 SPEF Venture Tak'Asic 77 Sprout Group Silicon Access Networks 78 Sun Microsystems Mellanox Technologies, Inc. 79 Synopsys, Inc. Silicon Access Networks 80 Tallwood Venture Capital Silicon Access Networks, SiRF Technology 81 TechFarm ChipWrights 82 Three-Five Systems Silicon Bandwidth 83 TPG Venture Sierra Logic 84 U.S. Venture Partners Mellanox Technologies, Inc. 85 United Investments Corrent Corporation 86 Van Wagoner Capital Management Silicon Access Networks 87 VantagePoint Venture Partners Silicon Bandwidth 88 Ventech AB Spirea AB, Tak'Asic 89 Vitesse Semiconductor Corporation Mellanox Technologies, Inc. 90 Vulcan Ventures Magis Networks 91 Wakefield Group NetOctave 92 Walden Israel Mellanox Technologies, Inc. 93 Wasatch Venture Fund SiRF Technology, Inc. 94 WK Associates Resonext Communications, Inc. 95 Zodiak Venture Capital KB Spirea AB

Month Quarter Funded Company Location Amount Round Investors ($M) 1 January 1st Quarter Adaptive Silicon California $8.3 2 Gains Investment, LSI Logic, Mentor Consulting Corporation, Synopsys, Inc., Technology Associates Management Corporation 2 February 1st Quarter Anadigm United Kingdom $14.5 2 Quester, 3i, NIF Ventures Co. 3 March 1st Quarter Ashvattha Semiconductor Florida $4.5 1 Comstellar Technologies, Redwood Ventures 4 February 1st Quarter Astute Networks California $16.0 1 U.S. Venture Partners, Bank of America Venture Partners 5 March 1st Quarter Atheros Communications California $66.7 3 Fidelity Management & Research, Bowman Capital, Evercore Ventures, Levensohn Capital Management, Mitsubishi International, Presidio Venture Partners, Proxim, Sumitomo, TDK 6 March 1st Quarter AuthenTec Florida $20.0 2 Harris Venture First, Knickerbocker LLC, Advan- tage Capital, China Development Bank 7 January 1st Quarter Avaz Networks California $15.0 1 VantagePoint Venture Partners 8 March 1st Quarter BitBlitz California $11.0 1 U.S. Venture Partners, Boulder Ventures 9 January 1st Quarter Brecis Communications California $23.0 2 Berkeley International Capital 10 January 1st Quarter Cambridge Silicon Radio (CSR) United Kingdom $34.0 Undisc. 3i, ALPS, Amadeus, ARM Capital Research 11 February 1st Quarter Chameleon Systems California $47.0 1 3i 12 January 1st Quarter Chelsio Communications California $1.9 1 Woodside Fund, Undisclosed 13 March 1st Quarter Cicada Semiconductor Texas $4.0 3 Silicon Valley Bank 14 January 1st Quarter ComSilica California Undisc. 1 Kawasaki Steel, SONICblue 15 February 1st Quarter Cradle Technologies California $20.0 3 CIBC Capital Partners, Charter Ventures, Mingly Ventures, Red Hat, Signal Lake Ventures II, Smart Technology Ventures 16 February 1st Quarter Cyan Technologies, Inc. United Kingdom $2.8 2 NIF Ventures, NW Brown Capital Partners 17 January 1st Quarter EndPoints Massachusetts $7.0 2 INVESCO Private Capital, IndexIT, Lion Trust, West Landesbank, Quest Management NV 18 March 1st Quarter Equator Technologies California $19.5 4 Ironside Venture Partners II, AsterVenture Capital, CIBC World Markets, i-Hatch Ventures, Seki Tech- notron, Wit Japan Capital Investment 19 February 1st Quarter GigaTera Switzerland $7.0 1 Broadband Capital, JK&B Capital of Chicago 20 February 1st Quarter IceFyre Canada $1.0 1 Kodiak Venture Partners 21 February 1st Quarter Innovics California $7.0 Undisc. InterWest Partners 22 March 1st Quarter Ishoni Networks California $35.0 3 MVC Draper Fisher Jurvetson Fund 23 January 1st Quarter Jaldi Semiconductor Corp. Canada $7.5 Undisc. Pixelworks 24 January 1st Quarter Leopard Logic California $3.2 1 Acorn Campus, Hook Partners Venture Fund 25 January 1st Quarter Lumic Electronics Canada $13.5 1 Stata Venture Partners 26 March 1st Quarter Mobilian Oregon $35.0 3 Jafco America Ventures, Dell Ventures, Silicon Val- ley Bank Ventures, Vitesse Ventures, Bessemer Ven- ture Partners, Raza Venture Management, SBV Ven- tures 27 January 1st Quarter Morphics Technology California $44.0 3 Bessemer Venture Partners 28 January 1st Quarter NetLogic Microsystems California $54.0 2 Sevin Rosen Funds, GlobalLink One Capital, Hal- lador Venture Partners, J&W Seligman & Company, UMC 29 January 1st Quarter Network Elements Oregon $77.0 2 New Enterprise Associates 30 February 1st Quarter Photobit California $25.0 4 Basler AGHitachi, Intel, Omron 31 March 1st Quarter PowerSmart, Inc. Connecticut $4.0 5 Undisclosed 32 March 1st Quarter Proximion Fiber Optics AB Sweden $6.7 1 Celtic House International, Innovations Kapital, Ventech 33 February 1st Quarter Quantira Technologies Georgia $2.7 1 Chattahoochee Ventures, Cordova Ventures, Imlay Investments, LiveOak, Noro-Moseley, Yamacraw Seed Capital Partners 34 January 1st Quarter SandCraft California $35.5 3 Cisco Systems, VantagePoint Venture Partners

35 February 1st Quarter SiberCore Technologies Canada $19.2 3 Xilinx, CIBC World Markets, CP Pension Fund, Galileo Equity Management, Harbinger Ventures, Springbank TechVentures BDC, Celtic House Inter- national, TAL Global Asset Management, Tera Capi- tal, McLean Watson, Working Ventures, YMG Capi- tal Management 36 February 1st Quarter Sierra Monolithics California $14.2 1 US Venture Partners, Storm Ventures, IBM 37 March 1st Quarter Silicon Data California $1.0 1 Individual Investors 38 January 1st Quarter Silicon Wireless North Carolina $10.0 Undisc. Fairchild Semiconductor International 39 January 1st Quarter Sirific Canada $6.5 1 Celtic House International

Month Quarter Funded Company Location Amount Round Investors ($M) 40 March 1st Quarter SolarFlare Communications California $12.3 1 Foundation Capital, Sequoia Capital 41 January 1st Quarter Solidum Systems Canada $16.5 3 Vertex Management Israel 42 March 1st Quarter TeraBlaze California $8.1 1 Bay Partners, Goldman Sachs Ventures, Knoblauch 43 February 1st Quarter Teradiant (formerly SiOPtic Networks) California $26.7 1 Forrest Binkley & Brown, Idanta Partners, Ltd., Menlo Ventures 44 January 1st Quarter TeraLogic California Undisc. 2 Samsung Electronics (as part of partnership deal) 45 March 1st Quarter Teravicta Technologies Texas $5.5 1 Convergent Investors 46 January 1st Quarter Terawave Communications California $73.0 3 Undisclosed 47 January 1st Quarter Thunderbird Technologies North Carolina $0.6 15 Grotech Capital Group, Individual Investors, Massey Burch Capital Corp., Westford Technology Ventures, L.P. 48 March 1st Quarter Triscend California $27.0 5 Berkeley International Capital, Quanta Computer, Wind River Systems, WK Technology Fund, Unite Venture 49 March 1st Quarter u-Nav Microelectronics California $2.0 1 Startupfactory AB 50 February 1st Quarter Xstream Logic California $30.0 2 Goldman, Sachs & Co. 51 March 1st Quarter Y Media California $3.4 2 InveStar Capital, SQ Corporation 52 March 1st Quarter Zeevo California $25.5 3 Dell Ventures, Focus Ventures, Raza Foundries, Sequoia Capital 53 June 2nd Quarter Acuid United Kingdom $8.0 1 HgCapital 54 May 2nd Quarter Alphamosaic United Kingdom $9.0 1 Prelude Trust 55 June 2nd Quarter Astute Networks California $21.6 1 Dali Hook Partners 56 April 2nd Quarter Aura Communications Massachusetts $11.0 4 Duchossois TECnology Partners, Pilot House Ven- tures, Motorola Ventures 57 June 2nd Quarter Aurora Networks California $20.0 2 Battery Ventures, Castile Ventures, ComVentures 58 June 2nd Quarter Banderacom Texas $35.0 2 Austin Ventures, Crossroads Systems, Infinity Ven- ture Capital, Intel, Jato Tech Ventures, QLogic, Trinity Venture Capital 59 June 2nd Quarter Bandspeed Texas $15.0 2 Jato Tech Ventures, MSD Capital, Cisco Systems 60 May 2nd Quarter Cambridge Broadband United Kingdom $15.0 2 Gilde IT Fund, Amadeus Capital Partners, Kiwi II, TVM 61 June 2nd Quarter Cavium Networks California $8.0 1 Appleseed Partners, Beachhead Capital, Catalyst Venture Capital Firm, Diamond Ventures, L.P. 62 April 2nd Quarter Chinook Communications Massachusetts $17.0 2 BancBoston Capital, Highland Capital Partners, OneLiberty Ventures, WaldenVC, YankeeTek Ven- tures 63 June 2nd Quarter Corrent Corporation Arizona $7.3 3 Battery Ventures, Morgan Stanley, UMC 64 April 2nd Quarter Digital Communication Technologies United Kingdom $2.0 2 MTI Partners Ltd. 65 May 2nd Quarter Fast-Chip California $27.0 3 Berkeley International Capital, Morgan Stanley Venture Partners, Intel Capital 66 May 2nd Quarter GalayOr Networks Israel $8.0 1 Evergreen Venture Capital, Neurone Venture, STI Ventures 67 May 2nd Quarter HyWire Israel $5.0 1 Yozma Venture Capital, Infineon Ventures 68 April 2nd Quarter IC Mechanics Pennsylvania $5.1 1 Techno Venture Management, Draper Triangle Ventures, Hunt Ventures, G4 Partners, Future Fund 69 May 2nd Quarter Intellon Florida $25.0 5 Fidelity Ventures, Undisclosed 70 June 2nd Quarter Interactive Silicon, Inc. Texas $12.9 3 Austin Ventures, Band of Angels, Castletop Capital, Convergent Investors, Dell Ventures, Dieckell Ver- mogensverwaltungs, Siemens Venture Capital, TVM Techno Venture Management, Technology Associates Management Corporation 71 June 2nd Quarter InterSymbol Communications Illinois $2.0 1 Champaign-Urbana Fund, CID Equity Partners, The Telecommunication Development Fund 72 May 2nd Quarter Inventel Systemes France $5.3 1 Banexi Ventures, Innovacom 73 June 2nd Quarter Logic Eastern California $0.8 1 Voyager Venture Partners, Venus Capital Manage- ment 74 April 2nd Quarter Lycium Networks Israel $2.0 1 Benchmark Capital 75 May 2nd Quarter Memsic Massachusetts $8.3 2 Celtic House 76 May 2nd Quarter Monolithic Power Systems, Inc. California $6.8 2 Acer Technology Ventures, Undisclosed 77 May 2nd Quarter Morphics Technology California $9.0 3 GATX Ventures, Silicon Valley Bank, Western Technology Investment 78 April 2nd Quarter nDSP Corporation California $12.7 4 Crown Advisors International, Maton Venture, TechFarm, VantagePoint Venture Partners

Month Quarter Funded Company Location Amount Round Investors ($M) 79 May 2nd Quarter NuCORE Technology California $20.0 3 Sigma Partners, Horizon Ventures, JAFCO, J.P. Morgan Partners Techfund 80 April 2nd Quarter Oren Semiconductor California $5.0 4 Sony, Undisclosed 81 April 2nd Quarter PalmMicro Communications California $9.5 1 Acer Technology Ventures, Aurora Funds, Inc. 82 June 2nd Quarter PetaSwitch California $4.0 1 Wasserstein Ventures, Draper Fisher Jurvetson 83 June 2nd Quarter Picochip Designs United Kingdom $7.0 1 Pond Venture Partners, Atlas Venture 84 May 2nd Quarter Quake Technologies California $30.0 2 Bowman Capital, Cisco Systems, Mohr, Davidow Ventures (MDV), Emerging Alliance Fund, Mitsu- bishi 85 June 2nd Quarter SiberCore Technologies Canada $23.1 3 SG Cowen Ventures Fund, IBanc of America Secu- rities 86 April 2nd Quarter SigmaTel Texas $11.3 3 Battery Ventures, Creative Technology (CTI), In- vesco Private Capital, TeleSoft 87 April 2nd Quarter Silicon Optix California $12.0 1 Orgin Partners, Primaxis Technology Ventures, RBC Capital Partners 88 May 2nd Quarter Summit Microelectronics, Inc. California $18.0 6 Bessemer Venture Partners, HLM Management Co., Norwest Venture Partners, Pequot Capital Management Inc., Spinnaker Ventures 89 June 2nd Quarter Systemonic California Undisc. 3 Sony Venture Capital Europe 90 June 2nd Quarter ZettaCom California $47.5 2 Banc of America Securities, Crimson Ventures, Development Bank of Singapore, Granite Global Ventures, Infineon Ventures GmbH, J&W Selig- man & Company, J.P. Morgan Capital Corp., Nor- west Venture Partners, SG Cowen Private Equity Group, U.S. Bancorp Piper Jaffray Ventures, Inc., United Investments, Venrock Associates, Vertex Management, k1 Ventures Limited 91 August 3rd Quarter Accelerant Networks Oregon $104.3 4 Mohr Davidow Ventures, Worldview Technology Partners 92 August 3rd Quarter Aeluros California $10.0 1 New Enterprise Associates, Worldview Technology Partners 93 July 3rd Quarter ATMOS Canada $15.2 2 Virage Logic 94 July 3rd Quarter Bergana Communications (now Bermai) Minnesota $8.0 1 Undisclosed 95 August 3rd Quarter Capella Microsystems California $5.0 2 InveStar Capital, Undisclosed 96 August 3rd Quarter Chelsio Communications California $9.0 2 Global Catalyst Partners, Sequoia Capital 97 September 3rd Quarter Cognigine Corporation California $8.0 5 Draper Fisher Jurvetson, Lucent Venture Partners, Inc., Vantage Point Ventures, Wasatch Venture Fund, Wasserstein Ventures 98 August 3rd Quarter Crosslayer Networks California $6.0 1 Alliance Ventures, AmidZad, Crescent Venture Investors, Galaxy Venture Partners, Individual In- vestors, Solar Venture Partners 99 July 3rd Quarter EndPoints Massachusetts $1.0 3 Quest Management NV, Undisclosed 100 September 3rd Quarter eSilicon California $6.0 3 ACON Investments, Acon Venture, Crosspoint Venture Partners 101 August 3rd Quarter Fulcrum Microsystems California $21.0 1 Infinity Capital Venture Fund, New Enterprise Associates (NEA), Worldview Technology Partners 102 August 3rd Quarter IceFyre Canada $12.0 1 Prism Venture Partners, VenGrowth Capital, Ko- diak Venture Partners 103 July 3rd Quarter Internet Machines California $41.0 3 Exar 104 September 3rd Quarter iWatt Inc. California $7.3 1 Horizon Ventures, PTI Alliance, Sigma Partners 105 August 3rd Quarter Keyotee Texas $0.2 1 Venrock Associates 106 September 3rd Quarter Legend Silicon Corporation California Undisc. 2 SUNeVision, Dragon Venture, Intel Capital, Savage Venture, Star Cluster, Tsinghua Tongfang 107 August 3rd Quarter LightCross California $30.0 2 UMC Capital 108 July 3rd Quarter Lovoltech California $14.5 2 Adams Capital Management, Undisclosed 109 July 3rd Quarter Mobilian Oregon $8.0 3 Amerindo Investment Advisors, Morgan Stanley Technology Ventures, Mitsui Comtek 110 July 3rd Quarter Modem-Art Israel $2.0 2 Tamir Fishman Ventures 111 August 3rd Quarter Nantero Massachusetts $6.0 1 Draper Fisher Jurvetson, Stata Venture Partners, Harris & Harris Group 112 July 3rd Quarter Nitronex North Carolina $24.5 4 Alliance Technology Ventures, Boston University Community Technology Fund, Centennial Ven- tures, Contender Capital, Southeast Interactive Technology Funds, TPG Ventures, VantagePoint Venture Partners 113 July 3rd Quarter Paion Korea $3.2 2 LG Venture Investment Inc., Nirvana Capital, Soft- bank Ventures Korea

Month Quarter Funded Company Location Amount Round Investors ($M) 114 July 3rd Quarter Silicon Data California $2.8 2 Individual Investors, InveStar Capital 115 July 3rd Quarter TeraLogic California $17.5 5 Citicorp 116 September 3rd Quarter ThreeFive Photonics The Netherlands $6.6 1 Atlas Venture, Gilde IT Fund 117 August 3rd Quarter Tiaris Inc. Massachusetts $31.6 1 Kodiak Venture Partners, Cedar Fund, Giza Venture Capital 118 September 3rd Quarter Transilica, Inc. California $10.0 3 Mobias Venture Capital, Smart Technology Ventures 119 July 3rd Quarter Trebia Networks Massachusetts $30.0 2 Atlas Venture, Kodiak Venture Partners, Raza Foun- dries, BancBoston Ventures, VantagePoint Venture Partners, Allianz of America, Deutsche Banc Alex Brown 120 September 3rd Quarter Tropian California $45.0 4 Merrill Lynch Ventures, Bank of America Investment Corp., China Development Industrial Bank, TCW/ YFY, Crosspoint Venture Partners, Convergence Ventures, Investar Venture Capital, Agilent Ventures 121 July 3rd Quarter Velio Communications California $45.0 3 Redpoint Ventures, Sequoia Capital, Institutional Venture Partners, Global Catalyst Partners, Capital Research Group, HarbourVest Partners 122 July 3rd Quarter Wintegra Texas $21.0 2 Genesis Partners, China Development Industrial Bank 123 September 3rd Quarter Xignal Germany $7.0 1 Benchmark Capital, Star-Ventures Management GMBH 124 September 3rd Quarter Xtreme Spectrum Virginia Undisc. 3 Undisclosed 125 July 3rd Quarter Zeevo California $3.0 4 Transamerica Technology Finance 126 October 4th Quarter Aarohi Communications California $15.0 1 Kennet Capital, JumpStartup, TeleSoft Partners 127 October 4th Quarter Alchemy Semiconductor Texas $15.0 2 Undisclosed 128 November 4th Quarter Alphamosaic United Kingdom $8.3 2 ACT Venture Capital, Prelude Technology Invest- ments, TTP Venture Managers 129 October 4th Quarter Azanda Network Devices California $19.0 2 Bessemer Venture Partners, Commonwealth Capital Ventures, Goldman, Sachs & Co., Highland Capital Partners, Undisclosed 130 December 4th Quarter Bergana Communications (now Ber- Minnesota $12.0 2 Advanced Technology Ventures, Blueprint Ventures, mai) Mobius Venture Capital 131 December 4th Quarter ChipWrights Massachusetts $8.7 2 BancBoston Capital, J.P. Morgan Partners, MTDC Ventures, New England Partners, TechFarm 132 December 4th Quarter Clear Logic California $10.5 2 Integrated Device Technology Inc., J. & W. Seligman & Co., Berg & Berg, Adam Smith & Company Inter- ests, Silicon Valley Equity Funds, Clear Logic Man- agement 133 November 4th Quarter Cradle Technologies California $10.0 4 Charter Venture Capital, Smart Technology Ventures 134 November 4th Quarter eSilicon California $4.0 4 Crosspoint Venture Partners, F&W Investments, Texas Pacific Group, Undisclosed 135 October 4th Quarter Global Communication Devices Massachusetts $15.6 2 Walden International Investment Group, Lucent (GCD) Venture Partners, Goldman Sachs, The Still River Fund, The Massachusetts Technology Development Corporation 136 October 4th Quarter IceFyre Canada $6.5 3 Kodiak Venture Partners, Undisclosed 137 October 4th Quarter Ikanos California $30.0 3 Intel Capital, VentureTech Alliance, Ridgewood Capital, Anthelion Capital, Greylock Partners, JPMorgan Partners, Sequoia Capital, Telesoft Part- ners, Walden International 138 October 4th Quarter Ikanos California $25.0 3 Walden International, JPMorgan Partners, Ridge- wood Capital, Anthelion Capital, Greylock Partners, Sequoia Capital, Telesoft Partners 139 October 4th Quarter Legerity, Inc. Texas $42.0 2 Austin Ventures, Francisco Ventures, Sprout Group, Texas Pacific Group, Tiburon Investments, Undis- closed 140 November 4th Quarter LightSpeed Semiconductor California $32.5 6 Goldman, Sachs & Co., InveStar Capital, Inc., Lucent Venture Partners, Inc., Mayfield Fund, Mohr Davi- dow Ventures, Synopsys, Inc., Thomas Weisel Part- ners, LLC, U.S. Venture Partners 141 November 4th Quarter Magnolia Broadband New Jersey $1.5 1 Selway Partners, Silverstar Holdings, CIP Capital, Safeguard Scientific 142 December 4th Quarter MediaQ California $10.7 Undisc. El Dorado Ventures, Infineon Ventures, National Semiconductor, Summit Accelerator Fund, Viven- tures Partners, Weston Presidio Capital

Month Quarter Funded Company Location Amount Round Investors ($M) 143 October 4th Quarter Mellanox Technologies, Inc. California $36.4 3 Bessemer Venture Partners, Dell Ventures, Sequoia Capital, Sun Microsystems, U.S. Venture Partners, Undisclosed 144 December 4th Quarter Mimix Broadband Texas $7.5 1 First Capital Group, 3i, W.S. Farish & Co. 145 November 4th Quarter NetLogic Microsystems California $20.0 3 U.S. Trust Private Equity, Sevin Rosen Funds, GlobalLink One Capital 146 October 4th Quarter NxtWave Communications Pennsylvania $12.5 5 Venture First Associates, Alps Electric, Anadigics, CE Unterberg Towbin Capital Partners, Intel Capi- tal, Millennium Technology Venture Partners, Mit- subishi International Corp., MC Capital, MC Silicon Valley, NEC, Oak Investment Partners, The Walt Disney Co., Venture First Associates, Whitney & Co. 147 October 4th Quarter Pixim California $16.5 3 Mitsubishi International, ARM, CDI Bank, The Emerging Alliance Fund (managed by VentureTech Alliance), Synopsys 148 October 4th Quarter Primarion Arizona $13.0 Undisc. Intersil Corporation 149 October 4th Quarter Proximion Fiber Optics AB Sweden $10.0 2 Celtic House, ADD Partners, Innovations Capital 150 December 4th Quarter Sandburst Massachusetts $27.5 2 3i Corp., Community Technology Fund, Greylock, Investor AB, Matrix Partners 151 November 4th Quarter Sensory California $0.4 4 Norwest Venture Partners 152 December 4th Quarter Sierra Logic California $5.2 1 Quantum Technology Ventures, TPG Ventures 153 December 4th Quarter Silicon Access Networks California $5.0 8 Norwest Venture Partners 154 November 4th Quarter Silicon Optix California $3.4 2 Primaxis Technology Ventures, Royal Bank Ven- tures 155 November 4th Quarter Siliquent Technologies Israel $10.0 Undisc. Benchmark Capital, Greylock 156 November 4th Quarter SiRF Technology Inc. California $3.0 7 China Development Industrial Bank 157 November 4th Quarter SyChip New Jersey $15.0 Undisc. 3i, Alliance Technology Ventures, Lucent Tech- nologies, Pacesetter Capital 158 October 4th Quarter Volterra Semiconductor California $14.5 4 Dali, Hook Partners, INVESCO Private Capital, Integral Capital Partners, Intel Capital, Kleiner Per- kins Caufield & Byers, Morgenthaler Ventures 159 November 4th Quarter Wolfson Microelectronics United Kingdom $7.7 Mezz. WestLB, Sanyo 160 October 4th Quarter Xelerated Packet Devices Sweden $12.0 2 Alta Partners, Atlas Venture, Startupfactory 161 October 4th Quarter XEMICS Switzerland $6.0 2 TAT Investments, Banexi Ventures, Innoventure Capital, Cantonal Bank of Vaud, Yasuda Enterprise Development and Vontobel European Ventures 162 October 4th Quarter Xyron Semiconductor Washington $1.4 1 Undisclosed Total Funding Amount $2,495.8

2001 Investment Amounts by Quarter 2001 Average Investment Amount by Quarter $2.495B Total 2001 Investment $18.4M 20.0 $16.0M $1,500.0 $12.8M $13.3M $954.8M 15.0 $1,000.0 $561.7M $493.3M 10.0

$468.1M ($M) ($M) $500.0 5.0 $0.0 0.0 Q101 Q201 Q301 Q401 Q101 Q201 Q301 Q401

2001 Median Investment Amount by Quarter

$14.2 15.0 $10.7 $9.5 $10.0 10.0

($M) 5.0

0.0 Q101 Q201 Q301 Q401

Q401 60 52 23% Q101 50 32% 38 35 40 37 30 20 Q301 10 22% Q201 0 23% Q101 Q201 Q301 Q401

2001 Average Investment Amount by Round

$22.8 $25.0 $21.5

$20.0 $16.9 $15.7 $15.0 $11.8 $11.1 $8.8 ($M) $10.0

$5.0

$0.0 1st Round 2nd Round 3rd Round 4th Round 5th Round 6th Round & Undisclosed Above

2001 Percent of Fabless Fundings by Geography California 54% Percent of 2001 Funding Deals by Round Massachusetts 7% Texas 7% Canada 6% 3% 5% 1st Round United Kingdom 6% 3% 2nd Round Israel 3% 8% 32% 3rd Round Oregon 3% 4th Round Other 3% 5th Round 20% Florida 2% 6th Round & Above North Carolina 2% Undisclosed Sweden 2% 29% Arizona 1% Minnesota 1% New Jersey 1% Pennsylvania 1% Switzerland 1%

12 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 2001 Fabless Fundings Investors Invested Companies 1 3i Corp. Anadigm, Sandburst, Cambridge Silicon Radio, Chameleon Systems, SyChip 2 Accel Partners Primarion 3 Acer Technology Ventures Monolithic Power Systems, Inc., PalmMicro Communications 4 ACON Investments eSilicon 5 Acon Venture eSilicon 6 Acorn Campus Leopard Logic 7 ACT Venture Capital Alphamosaic 8 Adam Smith & Company Interests Clear Logic 9 Adams Capital Management Lovoltech 10 ADD Partners Proximion AB 11 Advanced Technology Ventures Bergana Communications (now Bermai) 12 Advantage Capital Partners AuthenTec 13 Agilent Ventures Tropian 14 Alliance Technology Ventures Nitronex Corporation, SyChip 15 Alliance Ventures Crosslayer Networks 16 Allianz of America Trebia Networks 17 ALPS Cambridge Silicon Radio 18 Alps Electric NxtWave Communications 19 Alta Partners Xelerated Packet Devices 20 Amadeus Capital Partners Cambridge Broadband, Cambridge Silicon Radio 21 Amerindo Investment Advisors Mobilian 22 AmidZad Crosslayer Networks 23 Ampal-American Israel Corp. Modem-Art 24 Anadigics NxtWave Communications 25 Anthelion Capital Ikanos Communications 26 Appleseed Partners Cavium Networks 27 APV Technology Partners Primarion 28 Argoquest Modem-Art 29 ARM Pixim 30 ARM Capital Research Cambridge Silicon Radio 31 Atlas Venture picoChip Designs, ThreeFive Photonics, Trebia Networks, Xelerated Packet Devices 32 August Capital Management Atheros Communications 33 Aurora Funds, Inc. PalmMicro Communications 34 Austin Ventures Alchemy Semiconductor, Banderacom, Interactive Silicon, Legerity 35 BancBoston Capital Chinook Communications, ChipWrights, Global Communication Devices, Modem-Art 36 BancBoston Ventures Trebia Networks 37 Band of Angels VC Fund Interactive Silicon, Morphics Technology 38 Banexi Ventures Inventel Systemes, XEMICS 39 Bank of America Securities ZettaCom, SiberCore Technologies 40 Bank of America Venture Partners Astute Networks 41 Basler AG Photobit 42 Battery Ventures Corrent Corporation, SigmaTel, Inc., Aurora Networks 43 Bay Partners TeraBlaze, Inc. 44 Beachhead Capital Cavium Networks 45 Bencas Capital AuthenTec 46 Benchmark Capital Xignal Technologies, Lycium Networks, Siliquent Technologies 47 Berg & Berg Clear Logic 48 Berkeley International Capital Fast-Chip, Brecis Communications, Triscend 49 Bessemer Venture Partners Azanda Network Devices, Mellanox Technologies, Inc., Mobilian, Morphics Technology 50 Beeson Gregory Group Wolfson Microelectronics 51 Blueprint Ventures Bergana Communications 52 Boston University Community Technology Fund Nitronex Corporation, Sandburst 53 Boulder Ventures BitBlitz 54 Bowman Capital Atheros Communications, Quake Technologies 55 Braveheart Ventures Wolfson Microelectronics 56 Brightstone Capital Bergana Communications 57 Broadband Capital GigaTera 58 Broadcom Corporation Morphics Corporation 59 Business Development Bank of Canada ATMOS Corporation, Lumic Electronics 60 Cantonal Bank of Vaud XEMICS 61 Capital Research Group Velio Communications 62 Castile Ventures Aurora Networks

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 13 2001 Fabless Fundings Investors Invested Companies 63 Castletop Capital Interactive Silicon 64 Catalyst Venture Capital Firm Cavium Networks 65 Catamount Venture eSilicon 66 CDI Bank Pixim 67 CE Unterberg Towbin Capital Partners NxtWave Communications 68 Cedar Fund Tiaris, Inc. 69 Celtic House International MEMSIC, Proximion AB, SiberCore Technologies, Sirific 70 Centennial Ventures Nitronex Corporation 71 Champaign-Urbana Fund InterSymbol Communications 72 Charter Venture Capital Cradle Technologies 73 Chattahoochee Ventures Quantira Technologies 74 China Development Industrial Bank AuthenTec, SiRF Technology, Tropian, Inc., Wintegra, Inc. 75 CIBC Capital Partners Equator Technologies 76 CIBC World Markets SiberCore Technologies 77 CID Equity Partners InterSymbol Communications 78 Cisco Systems Morphics Corporation, Quake Technologies, Bandspeed 79 Citicorp TeraLogic 80 ComVentures Aurora Networks 81 Commonwealth Capital Ventures Azanda Network Devices 82 Comstellar Technologies Ashvattha Semiconductor 83 Comtek Corporation Morphics Corporation 84 Concord Ventures Wintegra, Inc. 85 Contender Capital Nitronex Corporation 86 Convergent Investors Interactive Silicon, Tropian, Inc., Teravicta Technologies 87 Cordova Ventures Quantira Technologies 88 CP Pension Fund SiberCore Technologies 89 Creative Technology (CTI) SigmaTel, Inc. 90 Crescendo Venture Management Morphics Corporation 91 Crescent Venture Investors Crosslayer Networks 92 Crimson Ventures ZettaCom 93 Crosspoint Venture Partners eSilicon, Tropian, Inc. 94 Crossroads Systems Banderacom 95 Crown Advisors International nDSP Corporation 96 CTI Limited SigmaTel, Inc. 97 Dali Hook Partners Volterra Semiconductors, Astute Networks 98 Defta Partners Oren Semiconductor 99 Dell Ventures Interactive Silicon, Mellanox Technologies, Inc., Mobilian, Morphics Technology 100 Deutshce Banc Alex Brown Trebia Networks 101 Development Bank of Singapore ZettaCom 102 Diamond Ventures, L.P. Cavium Networks 103 Dieckell Vermogensverwaltungs Interactive Silicon 104 Dimensional Partners NxtWave Communications 105 Disney NxtWave Communications 106 Dragon Venture Legend Silicon Corporation 107 Draper Fisher Jurvetson Cognigine Corporation, Nantero, Inc., Ishoni Networks, PetaSwitch 108 Draper Triangle Ventures IC Mechanics 109 Duchossois TECnology Partners Aura Communications 110 El Dorado Ventures MediaQ, Morphics Technology 111 Elron Technologies Oren Semiconductor 112 Emerging Alliance Fund Quake Technologies, Pixim 113 EnTrust Capital Lumic Electronics 114 Essex Investment Management Global Communication Devices 115 Evercore Ventures Atheros Communications 116 Evergreen Venture Capital GalayOr Networks 117 Exar Internet Machines 118 Fairchild Semiconductor International Silicon Wireless 119 Fidelity Ventures Intellon Corporation 120 Focus Ventures Zeevo 121 Forrest Binkley & Brown Teradiant Networks 122 Foundation Capital Atheros Communications, SolarFlare Communications 123 Francisco Partners Legerity 124 Future Fund IC Mechanics 125 Gains Investment Adaptive Silicon

14 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 2001 Fabless Fundings Investors Invested Companies 126 Galaxy Venture Partners Crosslayer Networks 127 Galileo Equity Management SiberCore Technologies 128 Genesis Partners Modem-Art, Wintegra 129 Gilde IT Fund Cambridge Broadband, ThreeFive Photonics 130 Giza Venture Capital Tiaris, Inc. 131 Global Catalyst Partners Chelsio Communications, Velio Communications 132 GlobalLink One Capital NetLogic Microsystems 133 Goldman, Sachs & Co. Azanda Network Devices, Global Communication Devices, LightSpeed Semiconductor, Xstream Logic 134 Goldtron Group Oren Semiconductor 135 Granite Global Ventures ZettaCom 136 Greylock Partners Ikanos Communications, Sandburst, Siliquent Technologies 137 Grotech Capital Group Thunderbird Technology 138 Habour Vest Partners Velio Communications 139 Hallador Venture Partners NetLogic Microsystems 140 Harbinger Ventures SiberCore Technologies 141 Harris & Harris Group Nantero, Inc. 142 HgCapital Acuid 143 Highland Capital Partners Azanda Network Devices, Chinook Communications 144 Hitachi Photobit 145 HLM Management Co. Summit Microelectronics 146 Hook Partners Venture Fund Leopard Logic 147 Horizon Ventures iWatt, Inc., NuCORE Technology 148 Hunt Ventures IC Mechanics 149 IBM Sierra Monolithics 150 Idanta Partners Teradiant Networks 151 i-Hatch Ventures Equator Technologies 152 Imlay Investments Quantira Technologies 153 IndexIT EndPoints 154 Infineon Ventures Corrent Corporation, MediaQ, ZettaCom, HyWire 155 Infinity Capital Venture Fund Banderacom, Fulcrum Microsystems 156 Innovacom Morphics Corporation, Inventel Systemes 157 InnovationsKapital Proximion AB 158 Innoventure Capital XEMICS 159 InSilicon Corporation eSilicon 160 Institutional Venture Partners Velio Communications 161 Integral Capital Partners Volterra Semiconductors 162 Integrated Device Technology Inc. Clear Logic 163 Intel Photobit 164 Intel Capital Banderacom, Fast-Chip, Ikanos Communications, Legend Silicon Corporation, Volterra Semiconductor, Solidum Systems, NxtWave Communications, Primarion 165 Intersil Corporation Primarion 166 InterWest Partners Innovics 167 INVESCO Private Capital EndPoints, SigmaTel, Inc., Volterra Semiconductor 168 InveStar Capital Atheros Communications, Capella Microsystems, LightSpeed Semiconductor, MEMSIC, Silicon Data, Tropian, Y Media 169 Investor Growth Capital Sandburst Corporation 170 Invisible Hand Lumic Electronics 171 Ironside Venture Partners II MEMSIC 172 Israel Corporation Oren Semiconductor 173 J. & W. Seligman & Co. NetLogic Microsystems, ZettaCom, Clear Logic 174 J.P. Morgan Capital Corp. ZettaCom 175 J.P. Morgan Partners ChipWrights, Ikanos Communications, NetLogic Microsystems, NuCORE Technology 176 JAFCO NuCORE Technology 177 Jafco America Ventures Mobilian 178 JatoTech Ventures Banderacom, Bandspeed 179 JK&B Capital of Chicago GigaTera 180 JumpStartup Aarohi Communications 181 K1 Ventures Limited ZettaCom 182 Kawasaki Steel ComSilica 183 Kennet Capital Aarohi Communications 184 Kiwi II Cambridge Broadband 185 Kleiner Perkinks Caufield & Byers Volterra Semiconductors 186 Knoblauch TeraBlaze, Inc.

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 15 2001 Fabless Fundings Investors Invested Companies 187 Kock Ventures Primarion 188 Kodiak Ventures Partners IceFyre, Tiaris, Inc., Trebia Networks 189 Levensohn Capital Management Atheros Communications 190 LG Venture Investment Inc. Paion 191 Lion Trust EndPoints 192 LiveOak Quantira Technologies 193 LSI Logic Adaptive Silicon 194 Lucent Technologies SyChip 195 Lucent Venture Partners Cognigine Corporation, Global Communication Devices, LightSpeed Semiconductor 196 Magnum Communications Wintegra, Inc. 197 Marvell / Galileo Technology Wintegra, Inc. 198 Massey Burch Capital Corp. Thunderbird Technology 199 Maton Venture nDSP Corporation 200 Matrix Partners Sandburst Corporation 201 Mayfield Fund LightSpeed Semiconductor 202 MC Capital NxtWave Communications 203 McLean Watson SiberCore Technologies 204 Menlo Ventures Teradiant Networks 205 Mentor Consulting Corporation Adaptive Silicon 206 Merrill Lynch Ventures Tropian 207 MIC Capital NxtWave Communications 208 Millennium Technology Venture Partners NxtWave Communications 209 Mitsubishi Atheros Communications, Quake Technologies, Pixim 210 Mitsui Comtek Mobilian, Morphics Technology 211 Mobias Venture Capital Bergana Communications (now Bermai), Transilica, Inc. 212 Mohr Davidow Ventures (MDV) Acclerant Networks, LightSpeed Semiconductor, Quake Technologies 213 Morgan Stanley Venture Partners Fast-Chip, Legerity, Mobilian 214 Morgenthaler Ventures Volterra Semiconductors 215 MOSAID Technologies ATMOS Corporation 216 Motorola Ventures Aura Communications 217 MSD Capital Bandspeed 218 MTDC Ventures ChipWrights, Global Communication Devices 219 MTI Partners Digital Communications Technologies 220 National Semiconductor MediaQ 221 NEC NxtWave Communications 222 Neurone Venture GalayOr Networks 223 New England Partners Capital ChipWrights 224 New Enterprise Associates (NEA) Atheros Communications, Fulcrum Microsystems, Aeluros, Network Elements 225 NIF Ventures Anadigm, Cyan Technologies, Inc. 226 Nirvana Capital Paion 227 Noro-Moseley Quantira Technologies 228 Norwest Venture Partners Sensory, Silicon Access Networks, Summit Microelectronics, ZettaCom 229 NW Brown Capital Partners Cyan Technologies, Inc. 230 Oak Investment Partners NxtWave Communications 231 Omron Photobit 232 OneLiberty Ventures Chinook Communications 233 ON Semiconductor Primarion 234 Origin Partners Silicon Optix, Inc. 235 Pacesetter Capital SyChip 236 Palmchip Corp. eSilicon 237 Pequot Capital Management Inc. Summit Microelectronics 238 Pilot House Ventures Aura Communications 239 Pixelworks Jaldi Semiconductor Corporation 240 Pond Ventures picoChip Designs 241 Prelude Trust Alphamosaic 242 Presidio Venture Partners Alchemy Semiconductor, Atheros Communications 243 Primaxis Technology Ventures Lumic Electronics, Silicon Optix 244 Prism Venture Partners IceFyre 245 Proxim Atheros Communications 246 PTI Alliance iWatt, Inc. 247 QLogic Banderacom 248 Quanta Computers Triscend 249 Quantum Technology Partners Sierra Logic, Inc.

16 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 2001 Fabless Fundings Investors Invested Companies 250 Quester Anadigm 251 Raza Foundries Mobilian, Zeevo, Inc., Trebia Networks, 252 Redpoint Ventures Velio Communications 253 Redwood Ventures Ashvattha Semiconductor 254 Ridgewood Capital Ikanos Communications 255 Royal Bank Capital Partners Lumic Electronics, Silicon Optix 256 Royal Bank of Canada AuthenTec 257 Royal Bank Ventures Silicon Optix, Inc. 258 Safeguard Scientific Magnolia Broadband 259 Samsung Electronics TeraLogic 260 Savage Venture Legend Silicon Coporation 261 SBV Ventures Mobilian 262 Seki Technotron Equator Technologies 263 Sequoia Capital Chelsio Communications, Ikanos Communications, Mellanox Technologies, Atheros Com- munications, SolarFlare Communications, Velio Communications 264 Sevin Rosen Funds NetLogic Microsystems 265 SG Cowen Private Equity Group ZettaCom 266 SG Cowen Ventures Fund SiberCore Technologies 267 Siemens Venture Capital Interactive Silicon, Morphics Technology 268 Sigma Partners iWatt, Inc., NuCORE Technology 269 Signal Lake Venture Fund Cradle Technologies 270 Silicon Valley Bank Cicada Semiconductor, Mobilian 271 Silicon Valley Equity Fund Clear Logic 272 Sitra u-Nav Microelectronics 273 Smart Technology Ventures Cradle Technologies, Transilica, Inc. 274 Softbank Ventures Korea Paion 275 Solar Venture Partners Crosslayer Networks 276 Sonera Venture Partners Morphics Corporation 277 SONICblue ComSilica 278 Sony Oren Semiconductor 279 Sony Venture Capital Europe Systemonic 280 Sorrento Ventures Avaz Networks 281 Southwest Interactive Technology Funds Nitronex Corporation 282 Spinnaker Ventures Summit Microelectronics 283 Springbank TechVentures BDC SiberCore Technologies 284 Sprout Group Legerity 285 SQ Corporation Y Media 286 Star Cluster Legend Silicon Coporation 287 Star Ventures Xignal Technologies 288 Startupfactory u-Nav Microelectronics, Xelerated Packet Devices 289 Stata Venture Partners Lumic Electronics 290 STI Ventures GalayOr Networks 291 Stonehenge Capital Corp. AuthenTec 292 Storm Ventures Sierra Monolithics 293 Sumitomo Atheros Communications 294 Summit Accelerator Fund MediaQ 295 Sun Microsystems Mellanox Technologies 296 SUNeVision Legend Silicon Corporation 297 Synopsys Adaptive Silicon, LightSpeed Semiconductor, Pixim 298 TAL Global Asst Management SiberCore Technologies 299 Tamir Fishman Ventures Modem-Art 300 Tarrant Venture Partners eSilicon 301 TAT Investments XEMICS 302 TCW / YFY Tropian 303 TDK Atheros Communications 304 TechFarm ChipWrights 305 Technology Associates Management Corp. Adaptive Silicon, Interactive Silicon 306 TeleSoft Partners Ikanos Communications, SigmaTel, Inc., Aarohi Communications 307 Telesystem-Argo Global Capital Morphics Corporation 308 Tera Capital SiberCore Technologies 309 Texas Instruments AuthenTec, Wintegra, Inc. 310 Texas Pacific Group Legerity 311 The Still River Fund Global Communication Devices, MEMSIC 312 The Telecommunication Development Fund InterSymbol Communications

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 17 2001 Fabless Fundings Investors Invested Companies 313 Thomas Weisel Partners LightSpeed Semiconductor 314 Thorner Ventures Cradle Technologies 315 Tiburon Investments Legerity 316 TPG Ventures Nitronex Corporation, Sierra Logic, Inc. 317 Transamerica Technology Finance Zeevo 318 Trinity Ventures Banderacom 319 TriQuint Semiconductor Tropian 320 Tsinghua Tongfang Legend Silicon Coporation 321 TTP Venture Partners Alphamosaic 322 TVM Techno Venture Management IC Mechanics, Interactive Silicon, Morphics Technology 323 U.S. Bancorp Piper Jaffray ZettaCom 324 U.S. Trust Private Equity NetLogic Microsystems 325 U.S. Venture Partners Alchemy Semiconductor, LightSpeed Semiconductor, Astute Networks, BitBlitz, Mellanox, Sierra Monolithics 326 UMC NetLogic Microsystems 327 UMC Capital LightCross 328 Unite Venture Triscend 329 United Investments Corrent Corporation 330 USHO Ventures Morphics Corporation 331 VantagePoint Venture Partners Cognigine Corporation, nDSP Corporation, Nitronex Corporation, SandCraft, Inc., Trebia Networks 332 VenGrowth Capital IceFyre 333 Venrock Associates Keyotee, ZettaCom 334 Ventech AB Proximion AB 335 Venture First Associates AuthenTec, NxtWave Communications 336 Venture TDF Pte Morphics Corporation 337 Ventures West Management ATMOS Corporation 338 Vertex Management Israel Solidum Systems Corporation, ZettaCom 339 Virage Logic ATMOS Corporation 340 Viterbi Group Lumic Electronics 341 Vitesse Ventures Mobilian 342 Viventures Partners MediaQ 343 Vontobel European Ventures XEMICS 344 Voyager Venture Partners Logic Eastern 345 Walden International Global Communication Devices, Ikanos Communications, Morphics Technology 346 WaldenVC Chinook Communications 347 Wasatch Venture Fund Cognigine Corporation 348 Wasserstein Ventures Cognigine Corporation, PetaSwitch 349 West Landesbank EndPoints 350 Westford Technology Ventures, L.P. Thunderbird Technology 351 WestLB Wolfson Microelectronics 352 Weston Presidio Capital MediaQ 353 Whitney & Company NxtWave Communications 354 WindRiver Systems Triscend 355 Winston Partners Cradle Technologies 356 WK Technology Fund Triscend 357 Woodside Fund Chelsio Communications 358 Working Ventures SiberCore Technologies 359 Worldview Technology Partners Accelerant Networks, Fulcrum Microsystems, Aeluros 360 Xilinx SiberCore Technologies 361 YankeeTek Ventures Chinook Communications 362 Yasuda Enterprise Development XEMICS 363 YMG Capital Management SiberCore Technologies 364 Yozma Venture Capital Hywire

2001 IPOs Company Filing Date Pricing Date Pricing Amount Underwriters

1 Multilink Technology October, 2000 June, 2001 $9.00 Credit Suisse First Boston, Salomon Smith Barney, Thomas Weisel Partners

Month Quarter Funded Company Location Amount Round Investors $(M) 1 March 1st Quarter Accelerant Networks Oregon $1.9 2 Mohr Davidow Ventures 2 January 1st Quarter Acorn Networks Virginia $8.0 1 J.P. Morgan Partners, Undisclosed 3 February 1st Quarter Anadigm Ltd. United Kingdom $4.7 1 3i Group 4 March 1st Quarter Aspex Technology International Ltd. United Kingdom $3.1 1 NewMedia Spark PLC 5 February 1st Quarter Astute Neworks California $16.0 1 U.S. Venture Partners, Bank of America Venture Partners, Dali Hook Partners, Undisclosed 6 March 1st Quarter Atheros Communications California $25.6 2 August Capital Management, Foundation Capital 7 March 1st Quarter Bergana Communications (now Bermai) Minnesota $0.5 1 Individuals 8 February 1st Quarter Capella Microsystems California $3.5 1 InveStar Capital 9 March 1st Quarter Cognigine Corporation California $0.3 3 Draper Fisher Juverston 10 March 1st Quarter Digital Communication Technologies United Kingdom $0.8 1 MTI Partners 11 February 1st Quarter EZchip Technologies Israel $5.3 1 Apax Partners Ventures, Star-Ventures Manage- ment, Tamar Investments 12 March 1st Quarter I-Cube California $0.8 7 Draper Fisher Jurveston 13 February 1st Quarter Ikanos Communications, Inc. California $16.0 3 Greylock, Sequoia Capital, Undisclosed 14 March 1st Quarter INCIDE Spain $0.5 1 Undisclosed 15 January 1st Quarter Internet Machines California $8.3 1 Exar, Banc of America Securities 16 January 1st Quarter LogicVision California $15.0 7 Citicorp Venture Capital, Credence Systems, Needham & Company, Teradyne 17 March 1st Quarter Mellanox Technologies, Inc. California $25.7 2 Intel Capital, Raza Foundries, Sequoia Capital, U.S. Venture Partners 18 February 1st Quarter Nitronex Corporation North Carolina $0.5 1 Centennial Ventures 19 February 1st Quarter Onex Communications Massachusetts $0.3 2 St. Paul Venture Capital 20 February 1st Quarter Open Solution Co Korea $0.6 1 Mirae Asset Venture Investment 21 February 1st Quarter Oplus Technologies Israel $0.5 1 Defta Partners 22 January 1st Quarter Oren Semiconductor Inc. California $3.0 2 Defta Partners, Undisclosed 23 January 1st Quarter PrairieComm Illinois $0.7 4 Greylock 24 March 1st Quarter RF Solutions Georgia $8.0 1 Atlanta Technology Angels, Encina Technology Ventures, Imlay Investments, Intelligent Systems Corporation 25 January 1st Quarter Thunderbird Technologies North Carolina $0.2 14 Grotech Capital Group 26 March 1st Quarter TVIA, Inc. California $4.5 2 Crosslink Capital, Undisclosed 27 April 2nd Quarter Alchemy Semiconductor Texas $22.8 1 Austin Ventures, Telos Venture Partners, U.S. Venture Partners, Undisclosed 28 May 2nd Quarter Allayer Technologies Corporation California $12.4 4 Greylock, Undisclosed 29 May 2nd Quarter BRECIS Communications California $20.5 3 Focus Ventures, InterWest Partners, Norwest Ven- ture Partners, Sequoia Capital 30 June 2nd Quarter ChipWrights Massachusetts $4.5 1 J.P. Morgan Partners, Undisclosed 31 May 2nd Quarter ClearLogic California $2.0 1 J&W Seligman & Company 32 May 2nd Quarter ConnectCom Microsystems Inc. California $2.0 1 Infineon Ventures, Irvine Ventures, Individuals 33 May 2nd Quarter Cradle Technologies California $10.0 1 Individuals 34 May 2nd Quarter Cygnal Integrated Products Texas $10.1 2 Austin Ventures, Sanyo Semiconductor, JatoTech Management, Individuals 35 April 2nd Quarter Displaytech Colorado $28.0 Undisc. DB Capital Partners, Fleming, U.S. Discovery Part- ners 36 February 2nd Quarter EmpowerTel Networks California $54.0 3 Undisclosed 37 May 2nd Quarter Entridia California $15.0 3 AMCC 38 May 2nd Quarter eSilicon Corporation California $44.1 1 Catamount Venture, Crosspoint Venture Partners, F & W Investments, Undisclosed 39 June 2nd Quarter Fast-Chip, Inc. California $11.0 1 Morgan Stanley Venture Partners 40 April 2nd Quarter GCT Semiconductor California $7.7 2 Hyundai Venture Capital Co., Ltd., Individuals 41 May 2nd Quarter Kendin Communications California $6.0 5 Venrock Associates 42 June 2nd Quarter LightSpeed California $25.0 5 Goldman, Sachs & Co., InveStar Capital, Lucent Venture Partners, Mayfield Fund, Mohr Davidow Ventures, Synopsys, U.S. Venture Partners 43 April 2nd Quarter Lovoltech, Inc. California $19.0 1 Adams Capital Management, Undisclosed 44 June 2nd Quarter MediaQ California $23.4 3 El Dorado Ventures, Infineon Ventures, Summit Accelerator Fund, Viventures Partners, Weston Presidio 45 February 2nd Quarter MeshNetworks Florida $1.0 1 ITT Industries, BancBoston Ventures, Particof & Co., 3Com Ventures, Redwood Ventures 46 June 2nd Quarter Microtune, Inc. Texas $9.6 4 White Rock Partners, Undisclosed 47 April 2nd Quarter Modem-Art, Ltd. Israel $2.0 1 Gensis Partners, Undisclosed 48 April 2nd Quarter NanoAmp Solutions California $12.9 2 2M Invest, InveStar Capital 49 April 2nd Quarter Navarro Networks Texas $17.5 1 Undisclosed

Month Quarter Funded Company Location Amount Round Investors $(M) 50 May 2nd Quarter Nitronex Corporation North Carolina $9.5 2 Alliance Technology Ventures, Centennial Ventures 51 April 2nd Quarter NxtWave Communications Pennsylvania $15.0 4 ANADIGICS, Blue Rock Capital, CE Unterberg Tow- bin, Dimensional Partners, Harris Corp., Intel Capital, Mid-Atlantic Venture Funds, Millenium Technology Venture Partners, Mitsubishi International Corp., NEC Corporation, Oak Investment, Pequot Capital Manage- ment, Venture First Associates, Whitney & Co. 52 September 2nd Quarter Photon Vision Systems, Inc. New York $6.0 1 JK&B Capital, Undisclosed 53 March 2nd Quarter Pixelworks, Inc. Oregon $28.5 4 Battery Ventures, Focus Ventures, Sequoia Capital, Individuals 54 April 2nd Quarter Resonext California $11.6 2 Norwest Venture Partners 55 June 2nd Quarter Sandburst Massachusetts $1.0 1 Undisclosed 56 June 2nd Quarter SandCraft, Inc. California $19.8 4 China Venture Management, Dain Rauscher Corpora- tion, MVC Corporation, Mitsui & Co., Parker Price Venture Capital, Sony Corporation, U.S. Venture Part- ners, Van Wagoner Capital Management 57 May 2nd Quarter SiByte California $40.0 3 Bowman Capital, ATI Technologies, Cisco Systems, Juniper Networks, Raza Venture Fund 58 May 2nd Quarter SiGe Microsystems Canada $22.5 2 CDP Sofinov, CIBC Capital Partners, Vengrowth Capital Funds 59 May 2nd Quarter Silicon Motion California $14.8 Undisc. GE Equity, Acer Capital, Audix, GW Capital 60 February 2nd Quarter SiRF Technology Inc. California $24.7 5 China Development Industrial Bank, Fortune Venture Investment Group, Hitachi America, Ltd., Mitsubishi Corporation, Transatlantic Capital Corporation 61 May 2nd Quarter Summit Microelectronics California $8.3 5 August Capital Management, Bessemer Venture Part- ners, Norwest Venture Partners 62 May 2nd Quarter Symagery Microsystems Canada $10.5 Undisc. VenGrowth Capital 63 April 2nd Quarter Theseus Logic Florida $5.3 3 Grace Venture Partners 64 May 2nd Quarter Transilica California $2.3 1 Smart Technology Ventures, Undisclosed 65 April 2nd Quarter Transmeta California $88.0 7 ABS Ventures, AOL Time Warner, Compal Electron- ics, Compaq Computer Corporation, Novus Ventures, Samsung, Quanta Computer, Sony Corporation, Vul- can, Inc. 66 April 2nd Quarter Tropian, Inc. California $25.2 3 Convergence Partners, Crosspoint Venture Partners, InveStar Capital, TriQuint Semiconductor 67 May 2nd Quarter Ubicom California $42.1 5 BancBoston Robertson Stephens, Cisco Systems, Dell Ventures, JatoTech Management, Kistler Investment Company, Koc/Arcelik/Beko, Lantronix, Inc., MCP Global Corporation, MSD Caital L.P., Mayfield Fund, Nohau Corp., Thomas Weisel Partners, Vertex Man- agement, Walden Capital Management, Westbridge Ventures LLC 68 June 2nd Quarter Wolfson Microelectronics United Kingdom $0.8 2 Braveheart Ventures, Beeson Gregory Group, Undis- closed 69 June 2nd Quarter Zeevo California $15.5 2 Raza Foundries, Sequoia Capital 70 February 2nd Quarter ZF Micro Devices, Inc. California $10.0 5 National Semiconductor, Samsung, Sands Brothers & Co., Ltd., Trans Atlantic Technology 71 June 2nd Quarter Zight Corporation Colorado $4.0 7 Granite Ventures, Undisclosed 72 August 3rd Quarter Accelerant Networks Oregon $15.0 3 Goldman, Sachs & Co., Mohr Davidow Ventures 73 September 3rd Quarter AuthenTec Florida $5.0 2 Advantage Capital Partners, Undisclosed 74 September 3rd Quarter Azanda Network Devices California $8.0 1 Bessemer Venture Partners, Commonmwealth Capital Ventures, Satwik Ventures, Undisclosed 75 August 3rd Quarter Banderacom Texas $15.5 1 Austin Ventures, Crossroads Systems, Intel Capital, JatoTech Management, QLogic Corporation 76 July 3rd Quarter Cicada Semiconductor Texas $15.0 2 Sevin Rosen Funds, Undisclosed 77 September 3rd Quarter Cogency Semiconductor Canada $20.0 1 Celtic House International, VenGrowth Capital Funds, Working Ventures Canadian Fund, Inc. 78 July 3rd Quarter Cognigine Corporation California $14.5 4 Draper Fisher Juverston, Lucent Venture Partners, Stanford University, VantagePoint Venture Partners, Wasatch Venture Fund, Wasserstein Ventures 79 August 3rd Quarter Corrent Corporation Arizona $0.3 1 Battery Ventures 80 September 3rd Quarter Corrent Corporation Arizona $9.4 2 Battery Ventures, Individuals 81 July 3rd Quarter Cyan Technologies United Kingdom $2.3 1 ETCapital Ltd., NW Brown Capital Partners 82 July 3rd Quarter Cyrano Sciences California $3.5 4 Apple Tree Partners, Johnson & Johnson Develop- ment Corp., Marquette Venture Partners, Oak Invest- ment Partners 83 August 3rd Quarter Global Communication Devices Massachusetts $1.6 1 Individuals, MTDC Ventures, The Still River Fund 84 November 3rd Quarter Hittite Microwave Corporation Massachusetts $13.7 1 Summit Partners

Month Quarter Funded Company Location Amount Round Investors $(M) 85 September 3rd Quarter Impinj Washington $15.0 1 ARCH Venture Partners, Madron Venture Group 86 September 3rd Quarter Internet Machines California $8.2 1 Redpoint Ventures 87 August 3rd Quarter Legerity, Inc. Texas $375.0 1 Austin Ventures, CDB Web Tech SpA, Francisco Partners, Morgan Stanley, Sprout Group, Texas Pacific Group, Tiburon Investments, Undisclosed 88 September 3rd Quarter MathStar Minnesota $18.0 1 Undisclosed 89 September 3rd Quarter Mobilygen California $5.0 1 Undisclosed 90 July 3rd Quarter Morphics Technology California $34.9 3 BCE Capital, Bessemer Venture Partners, Broad.com, Broadcom Corporation, Crescendo Venture Manage- ment, El Dorado Ventures, Innovacom, Motorola Ventures, Siemens Corporation, Sonera Venture Part- ners, Sony Corporation, TVM Techno Venture Man- agement, Venture Management Services, Walden In- ternational 91 September 3rd Quarter nBand Communications California $14.0 2 VantagePoint Venture Partners 92 September 3rd Quarter nDSP Corporation California $10.0 3 Hotong International Co, J.P. Morgan Partners 93 September 3rd Quarter Nitronex Corporation North Carolina $13.0 3 Alliance Technology Ventures, Boston University Community Technolog Fund, Centennial Ventures, Southeast Interactive Technology Funds, Vantage- Point Venture Partners 94 September 3rd Quarter Onex Communications Massachusetts $20.0 3 St. Paul Venture Capital, Star-Ventures Management, The Seed Fund, TranSwitch Corp, Venrock Associates 95 August 3rd Quarter PowerSmart Connecticut $1.4 3 MidMark Advisors, US Trust Private Equity 96 August 3rd Quarter RealChip California $20.0 2 Comstellar Technologies, Matrix Partners 97 July 3rd Quarter Resonext California $0.2 3 Bessemer Venture Partners, Norwest Venture Partners 98 August 3rd Quarter RF Solutions Georgia $12.0 2 Alliance Technology Ventures, Crystal Internet Ven- ture Fund, Dain Rauscher Corporation, Encina Tech- nology Ventures, Imlay Investments, Intelligent Sys- tems Corporation 99 July 3rd Quarter Sandburst Massachusetts $4.4 2 Greylock, Matrix Partners 100 September 3rd Quarter Scion Photonics California $25.0 1 Tyco Ventures 101 September 3rd Quarter SigmaTel Texas $24.0 2 Battery Ventures, CTI Limited, Creative Technology, INVESCO Private Capital, TeleSoft Partners 102 September 3rd Quarter Silicon Access Networks California $56.0 7 Comdisco Ventures, DLJ Merchant Banking Partners, Intel Capital, Morgan Stanley Private Equity, Norwest Venture Partners, Pivotal Asset Management, Raza Foundries, Soros Fund Management, Sprout Group, Synopsys, Tallwood Venture Capital 103 August 3rd Quarter Silicon Wave, Inc. California $56.7 7 3Com Ventures, Alps Electric Company Limited, Ampersand Ventures, Benaroya Capital Company, Global Technology Group Ventures, Intersil Corpora- tion, J&W Seligman & Company, J.P. Morgan Part- ners, JMG Triton, Japan Asia Investment, Mitsubishi Corporation, Nexus Group LLC, SIDUS, Sands Brothers & Co., Senvest International, Signal Lake Venture Fund, Velocity Capital Management 104 July 3rd Quarter Silicon Wireless North Carolina $0.3 6 Academy Funds 105 September 3rd Quarter Silicon Wireless North Carolina $1.0 7 Academy Funds, Undisclosed 106 August 3rd Quarter StarGen Technologies Massachusetts $19.9 2 Bessemer Venture Partners, Boston University Com- munity Technology Fund, Brad Peery Capital, Egan- Managed Capital, Fidelity Ventures, Granite Ventures, MSD Capital LP, Morgan Stanley Private Equity, Morgenthaler Ventures, Philadelphia Ventures, Inc., St. Paul Venture Capital, Technolog Crossover Ven- tures, Van Wagoner Capital Management 107 September 3rd Quarter Stream Machine California $3.0 4 JatoTech Management, Mayfield Fund 108 September 3rd Quarter Telecruz Technology, Inc. California $35.0 5 Kavanaugh Media Funds, Oakmont, Sands Brothers, Spyglass Entertainment Group, Undisclosed 109 July 3rd Quarter T-Ram, Inc. California $11.2 1 Mayfield Fund, U.S. Venture Partners, Undisclosed 110 July 3rd Quarter VxTel California $12.6 2 Sequoia Capital, TeleSoft Partners, Raza Venture Fund 111 September 3rd Quarter Y Media California $7.5 2 Enterprise Partners, Chase Capital Partners, TechFund Capital 112 October 4th Quarter Avaz Networks California $15.0 1 VantagePoint Venture Partners, Undisclosed 113 November 4th Quarter Axeon United Kingdom $3.3 2 Scottish Enterprise, Hamilton Portfolio 114 October 4th Quarter BRECIS Communications California $23.0 4 Berkeley International Capital Corp., Focus Ventures, InterWest Partners, Norwest Venture Partners, Se- quoia Capital

Month Quarter Funded Company Location Amount Round Investors $(M) 115 October 4th Quarter BridgeWave Communications California $26.5 3 Jerusalem Venture Partners, Undisclosed 116 November 4th Quarter BroadLight, Inc. Israel $5.0 1 Delta Ventures, Star-Ventures Management 117 November 4th Quarter Chameleon Systems California $47.0 3 3i Group, Athena Technology Ventures, Bayview 2000, Convergence Partners, Crossroads Group, Dain Rauscher, Global Technology Group Ventures, ITV Affiliates, Information Technology Ventures, Mac- nica, Merrill Lynch Capital Partners, Morgan Stanley Private Equity, Morgenthaler Ventures, Synopsys, Telesystem-Argo Global Capital, U.S. Bancorp Piper Jaffray, WK Associates 118 December 4th Quarter Chinook Communications Massachusetts $42.0 1 BancBoston Capital, OneLiberty Ventures, Wal- denVC, YankeeTek Ventures 119 October 4th Quarter Cradle Technologies California $20.0 2 CIBC Capital Partners, Charter Ventures, Mingly Ventures, Red Hat Inc., Signal Lake Venture Fund, Smart Technology Ventures, 120 December 4th Quarter Cyrano Sciences California $23.0 5 Marquette Venture Partners, Oak Investment Part- ners, Ridgestone Corporation, Rustic Canyon Ven- tures 121 November 4th Quarter embedded wireless devices California $2.0 3 Apodaca, Good Honor Holdings, H&Q/GAI, Ho- tung International Co Ltd., Maton Venture, Trieste Investment Group, Undisclosed 122 December 4th Quarter eSilicon Corporation California $20.0 2 ACON Investments, Acon Venture, Catamount Ven- ture, Crosspoint Venture Partners, InSilicon Corpora- tion, Palmchip Corp., Tarrant Venture Partners, Un- disclosed 123 October 4th Quarter EZchip Technologies Israel $22.0 2 Apax Partners Ventures, JK&B Capital, LanOptics, Star-Ventures Management, Tamar Investments 124 December 4th Quarter Inphi California $12.0 1 Tallwood Venture Capital, Mayfield Fund 125 November 4th Quarter Intrinsity Texas $14.0 2 Adams Capital Management, Undisclosed 126 October 4th Quarter Lara Networks California $40.0 2 Raza Ventures, Undisclosed 127 December 4th Quarter Layer N Networks Texas $11.8 1 Agave Capital, Austin Ventures, Granite Ventures LLC, Seed Capital Partners 128 October 4th Quarter LightSand Communications California $12.5 3 Fremont Ventures, Baring Private Equity Partners, Individuals 129 October 4th Quarter Massana California $16.5 2 Dresdner Kleinwort Benson, Undisclosed 130 October 4th Quarter MEMSIC Inc. Massachusetts $2.0 2 Investor SemiConductor Development Fund, The Still River Fund 131 November 4th Quarter MeshNetworks Florida $26.0 2 ITT Industries, BancBoston Ventures, Particof & Co., 3Com Ventures, Redwood Ventures 132 October 4th Quarter Modem-Art, Ltd. Israel $10.9 2 Argoquest, Inc., BancBoston Capital, Gensis Partners, Tamir Fishman Ventures 133 October 4th Quarter Morpho Technologies California $5.4 1 Amirrce Investments, Blackcross LP, Elliemina LLC, Inteligence LLC, Nextreme Ventures, Smart Technol- ogy Ventures, Undisclosed 134 December 4th Quarter NanoAmp Solutions California $20.0 3 2M Invest, InveStar Capital 135 October 4th Quarter NetOctave North Carolina $15.6 1 Intel Communications Fund, Intersouth Partners, Kitty Hawk Capital, MCNC, North Carolina Enter- prise Corp., Wakefield Group 136 October 4th Quarter Optim Networks California $2.0 1 Caltos Capital, Individuals 137 November 4th Quarter Photon Vision Systems, Inc. New York $3.0 2 JK&B Capital, Undisclosed 138 October 4th Quarter PowerSmart Connecticut $7.8 4 MidMark Advisors, Summit Accelerator, US Trust Private Equity 139 November 4th Quarter PrairieComm Illinois $1.0 5 Greylock 140 November 4th Quarter Primarion Arizona $38.0 2 Accel Partners, APV Technology Partners, Intel Capi- tal, Kock Ventures, ON Semiconductor 141 October 4th Quarter Quake Technologies, Inc. California $12.0 1 Emerging Alliance Fund, Mohr Davidow Ventures, Undisclosed 142 November 4th Quarter Resonext California $21.0 4 Bessemer Venture Partners, Norwest Venture Part- ners, Oak Investment Partners 143 October 4th Quarter Saifun Israel $10.0 Undisc. M-Systems Flash Disk Pioneers 144 October 4th Quarter Sandburst Massachusetts $3.0 3 Greylock 145 December 4th Quarter SandCraft, Inc. California $35.5 5 Cisco Systems, Hikari Tsushin Capital, J.P Morgan Partners, Pacific Venture Group, Tallwood Venture Capital, U.S. Venture Partners, Van Wagoner Capital Management, VantagePoint Venture Partners, Wass- erstein Ventures 146 December 4th Quarter Silicon Packets California $5.5 1 Lucent Venture Partners, Shelby Venture Partners, Undisclosed 147 December 4th Quarter Silicon Wireless North Carolina $10.0 8 Fairchild Semiconductor

Month Quarter Funded Company Location Amount Round Investors $(M) 148 October 4th Quarter SiRF Technology Inc. California $12.0 6 F.P.H.C. International, Tallwood Partners, Undis- closed 149 November 4th Quarter Spirea AB Sweden $4.0 1 Kaupthing Investment Bank, Kennet Capital Ltd, Zodiak Venture Capital 150 December 4th Quarter SynTera Communications California $6.0 1 DB Investor, Dotedu Ventures, Skypoint Capital Corporation 151 November 4th Quarter Systemonic California $30.0 2 Apax Partners, Lehman Brothers, Robertson Stephens, Bayview 2000, Atlas Ventures, Krone 152 December 4th Quarter Transilica California $3.6 2 SOFTBANK Technology Ventures 153 December 4th Quarter Vweb California $10.0 3 Wu-Fen ChenCross, Pacific Venture Partners, Crosslink Technology Partners, Monet Capital 154 October 4th Quarter VxTel California $62.0 3 Bowman Capital Management, Capital Research and Management, Undisclosed 155 October 4th Quarter Zight Corporation Colorado $29.9 8 3i Capital Corporation, Argosy Partners, The Chat- terjee Group, EnerTech Capital, GE Equity, Gran- ite Ventures LLC, Gruber & McBain Capital Man- agement, Intel Capital, Polaroid Corporation, Sie- mens Venture Capital, Texas Instruments 156 October 4th Quarter Ziptronix North Carolina $6.5 1 Alliance Technology Venture, Undisclosed Total Funding Amount $2,595.1

2000 Investments by Quarter Percent of 2000 Investments by Quarter $2.595B Total 2000 Investment Q100 Q400 6% 29% $927.0M Q200 $1,000.0 $765.7M $748.3M $800.0 29% $600.0 $400.0 $154.1M $200.0 $0.0 Q300 Q100 Q200 Q300 Q400 36%

2000 Total Number of Investments by Quarter 2000 Average Investment Amount by Quarter

45 45 $23.2 50 $25.0 40 $17.0 40 $20.0 26 $16.6 30 $15.0

20 ($M) $10.0 $5.9 10 $5.0 0 $0.0 Q100 Q200 Q300 Q400 Q100 Q200 Q300 Q400

2000 Median Investment Amount by Quarter

$14.0 $12.4 $12.6 $12.0 $12.0 $10.0 $8.0

($M) $6.0 $3.0 $4.0 $2.0 $0.0 Q100 Q200 Q300 Q400

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 23 2000 Percent of Fabless Fundings by Geography California 52% Massachusetts 7% Texas 6% 2000 Percent of Funding Deals by Round North Carolina 5% 3% Israel 4% 7% United Kingdom 4% 35% Florida 3% 7% 1st Round Arizona 2% Canada 2% 2nd Round 8% Colorado 2% 3rd Round Oregon 2% 4th Round Connecticut 1% 5th Round Georgia 1% 16% 6th Round & Above Illinois 1% Undisclosed Korea 1% Minnesota 1% 25% New York 1% Pennsylvania 1% Spain 1% Sweden 1% Virginia 1% Washington 1%

2000 Average Investment Amount by Round

$27.4 $30.0

$25.0 $20.8 $21.1 $20.0 $15.8 $15.8 $14.0 $13.2 $15.0 ($M) $10.0 $5.0 $0.0 1st Round 2nd Round 3rd Round 4th Round 5th Round 6th Round & Above Undisclosed

2000 Fabless Fundings Investors Invested Companies 1 2M Invest A/S NanoAmp Solutions 2 3Com Ventures Silicon Wave, Inc., MeshNetworks 3 3i Capital Corporation Zight Corporation 4 3i Group Anadigm Ltd., Chameleon Systems, Inc. 5 ABS Ventures Transmeta Corporation 6 Academy Funds Silicon Wireless 7 Accel Partners Primarion 8 Acer Capital Silicon Motion 9 ACON Investments eSilicon Corporation 10 Acon Venture eSilicon Corporation 11 Adams Capital Management Intrinsity, Inc., Lovoltech, Inc. 12 Advantage Capital Partners AuthenTec, Inc. 13 Agave Capital Layer N Networks, Inc. 14 Alliance Technology Ventures Nitronex Corporation, RF Solutions, Ziptronix, Inc. 15 Alps Electric Company Limited Silicon Wave, Inc. 16 AMCC Entridia 17 Amirrce Investments Morpho Technologies 18 Ampersand Ventures Silicon Wave, Inc. 19 ANADIGICS NxtWave Communications 20 AOL Time Warner Transmeta Corporation 21 Apax Partners Ventures EZchip Technologies, Ltd., Systemonic 22 Apodaca embedded wireless devices 23 Apple Tree Partners Cyrano Sciences 24 APV Technology Partners Primarion 25 ARCH Venture Partners Impinj 26 Argoquest, Inc. Modem-Art, Ltd. 27 Argosy Partners Zight Corporation

24 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 2000 Fabless Fundings Investors Invested Companies 28 Athena Technology Ventures Chameleon Systems, Inc. 29 ATI Technologies SiByte 30 Atlanta Technology Angels RF Solutions 31 Atlas Ventures Systemonic 32 Audix Silicon Motion 33 August Capital Management Atheros Communications, Inc., Summit Microelectronics, Inc. 34 Austin Ventures Alchemy Semiconductor, Banderacom, Layer N Networks, Inc., Legerity, Cygnal Integrated Products 35 BancBoston Capital Chinook Communications, Inc., Modem-Art, Ltd., Ubicom, Inc. 36 BancBoston Ventures MeshNetworks 37 Banc of America Securities Internet Machines 38 Bank of America Venture Partners Astute Networks 39 Baring Private Equity Partners LightSand Communications 40 Battery Ventures Pixelworks, Inc., SigmaTel Inc., Corrent Corporation 41 Bayview 2000 Chameleon Systems, Inc., Systemonic 42 BCE Capital Morphics Technology 43 Beeson Gregory Group Wolfson Microelectronics Ltd. 44 Benaroya Capital Company Silicon Wave, Inc. 45 Berkely International Capital Corp. BRECIS Communications 46 Bessemer Venture Partners Azanda Network Devices, StarGen Technologies, Inc., Summit Microelectronics, Inc., Resonext Communications, Morphics Technology 47 Blackcross Morpho Technologies 48 Blue Rock Capital NxtWave Communications 49 Boston University Community Technology Fund Nitronex Corporation, StarGen Technologies, Inc. 50 Bowman Capital SiByte, VxTel 51 Brad Peery Capital StarGen Technologies, Inc. 52 Braveheart Ventures Wolfson Microelectronics Ltd. 53 Broad.com Morphics Technology 54 Broadcom Corporation Morphics Technology 55 Caltos Capital Individuals Optim Networks 56 Capital Research and Management VxTel 57 Catamount Venture eSilicon Corporation 58 CDB Web Tech SpA Legerity, Inc. 59 CDP Sofinov SiGe Microsystems, Inc. 60 CE Unterberg Towbin NxtWave Communications 61 Celtic House International Cogency Semiconductor 62 Centennial Ventures Nitronex Corporation 63 Charter Ventures Cradle Technologies 64 Chase Capital Partners Y Media 65 China Development Industrial Bank SiRF Technology Inc. 66 China Venture Management SandCraft, Inc. 67 CIBC Capital Partners Cradle Technologies, SiGe Microsystems, Inc. 68 Cirrus Logic Cygnal Integrated Products 69 Cisco Systems SandCraft, Inc., Ubicom, Inc., SiByte 70 Citicorp Venture Capital LogicVision, Inc. 71 Comdisco Ventures Silicon Access Networks 72 Commonwealth Capital Ventures Azanda Network Devices 73 Compal Electronics Transmeta Corporation 74 Compaq Computer Corporation Transmeta Corporation 75 Comstellar Technologies RealChip 76 Convergence Partners Chameleon Systems, Inc., Tropian 77 Creative Technology SigmaTel, Inc. 78 Credence Systems LogicVision, Inc. 79 Crescendo Venture Management Morphics Technology 80 Crosslink Capital Tvia, Inc., Vweb 81 Crosspoint Venture Partners Tropian, Inc., eSilicon Corporation 82 Crossroads Group Chameleon Systems, Inc. 83 Crossroads Systems, Inc. Banderacom 84 Crystal Internet Venture Fund RF Solutions 85 CTI Limited SigmaTel, Inc. 86 Dain Rauscher Corporation Chameleon Systems, Inc., RF Solutions, SandCraft, Inc. 87 Dali Hook Partners Astute Networks 88 DB Investor SynTera Communications, Inc. 89 DB Capital Partners Displaytech 90 Defta Partners Oplus Technologies, Oren Semiconductor 91 Dell Ventures Ubicom, Inc. 92 Delta Ventures BroadLight, Inc. 93 Dimensional Partners NxtWave Communications

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 25 2000 Fabless Fundings Investors Invested Companies 94 DLJ Merchant Banking Partners Silicon Access Networks 95 Dotedu Ventures SynTera Communications, Inc. 96 Draper Fisher Jurveston Cognigine Corporation, I-Cube, Inc. 97 Dresdner Kleinwort Benson Massana 98 Egan Managed Capital StarGen Technologies, Inc. 99 El Dorado Ventures MediaQ, Inc., Morphics Technology 100 Elliemina Morpho Technologies 101 Emerging Alliance Fund Quake Technologies, Inc. 102 Encina Technology Ventures RF Solutions 103 EnerTech Capital Zight Corporation 104 Enterprise Partners Y Media 105 ETCapital Ltd. Cyan Technologies Ltd 106 Exar Internet Machines 107 F&W Investments eSilicon Corporation 108 F.P.H.C. International SiRF Technology Inc. 109 Fairchild Semiconductor International Silicon Wireless 110 Fidelity Ventures StarGen Technologies, Inc. 111 Fleming Displaytech 112 Focus Ventures BRECIS Communications, Pixelworks, Inc. 113 Fortune Venture Capital SiRF Technology Inc. 114 Foundation Capital Atheros Communications, Inc. 115 Francisco Partners Legerity, Inc. 116 Fremont Ventures LightSand Communications 117 GE Equity Zight Corporation, Silicon Motion 118 Genesis Partners Modem-Art 119 Global Technology Group Ventures Chameleon Systems, Inc., Silicon Wave, Inc. 120 Goldman Sachs Accelerant Networks, Inc., LightSpeed Semiconductor, Inc. 121 Good Honor Holdings embedded wireless devices 122 Grace Venture Partners Theseus Logic 123 Granite Ventures LLC Layer N Networks, Inc., StarGen Technologies, Inc., Zight Corporation 124 Greylock Allayer Technologies Corporation, PrairieComm, Inc., Sandburst Corporation, Ikanos Commu- nications, Inc. 125 Grotech Capital Group Thunderbird Technologies, Inc. 126 Gruber & McBain Capital Management Zight Corporation 127 GW Capital Silicon Motion 128 H&Q / GAI embedded wireless devices 129 Harris Corp. NxtWave Communications 130 Hicks, Muse, Tate & Furst, Inc. Microtune, Inc. 131 Highland Capital Partners Azanda Network Devices 132 Hikari Tsushin Capital, Inc. SandCraft, Inc. 133 Hitachi America SiRF Technology Inc. 134 Hotung International Co. embedded wireless devices, nDSP Corporation, SandCraft, Inc. 135 Hyundai Venture Capital Co. GCT Semiconductor 136 Imlay Investments RF Solutions 137 Infineon Technologies Tropian, Inc. 138 Infineon Ventures ConnectCom Microsystems Inc., MediaQ, Inc., Tropian, Inc. 139 Information Technology Ventures Chameleon Systems, Inc. 140 Innovacom Morphics Technology 141 InSilicon Corp. eSilicon Corporation 142 Intel Capital Banderacom, NxtWave Communications, Zight Corporation, Mellanox Technologies, Pri- marion, Silicon Access Networks 143 Intel Communications Fund NetOctave 144 Intelligent Systems Corporation RF Solutions 145 Intersil Corporation Silicon Wave, Inc. 146 Intersouth Partners NetOctave 147 InterWest Partners BRECIS Communications 148 INVESCO Private Capital SigmaTel, Inc. 149 InveStar Capital Capella Microsystems, LightSpeed Semiconductor, Inc., NanoAmp Solutions, Tropian, Inc. 150 Investor SemiConductor Development Fund MEMSIC Inc. 151 Irvine Ventures ConnectCom Microsystems Inc. 152 Iteligence Morpho Technologies 153 ITT Industries MeshNetworks 154 ITV Affiliates Chameleon Systems, Inc. 155 J&W Seligman & Company ClearLogic, Inc., Silicon Wave, Inc. 156 J.P. Morgan Partners Acorn Networks, ChipWrights, nDSP Corporation, SandCraft, Silicon Wave, Inc. 157 Japan Asia Investment Silicon Wave, Inc. 158 JatoTech Management Banderacom, Stream Machine, Ubicom, Inc., Cygnal Integrated Products

26 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 2000 Fabless Fundings Investors Invested Companies 159 Jerusalem Venture Partners BridgeWave Communications 160 JK&B Capital EZchip Technologies, Ltd., Photon Vision Systems, Inc. 161 JMG Triton Silicon Wave, Inc. 162 Johnson & Johnson Development Corp. Cyrano Sciences 163 Juniper Networks SiByte 164 Kaupthing Investment Bank Spirea AB 165 Kavanaugh Media Funds Telecruz Technology, Inc. 166 Kennet Capital Spirea AB 167 Kistler Investment Company Ubicom, Inc. 168 Kitty Hawk Capital NetOctave 169 Koc / Arcelik / Beko Ubicom, Inc. 170 Kock Ventures Primarion 171 Krone Systemonic 172 LanOptics EZchip Technologies, Ltd. 173 Lantronix, Inc. Ubicom, Inc. 174 Lehman Brothers Systemonic 175 Lucent Venture Partners Cognigine Corporation, LightSpeed Semiconductor, Inc., Silicon Packets, Inc. 176 Macnica Chameleon Systems, Inc. 177 Madron Venture Group Impinj 178 Marquette Venture Partners Cyrano Sciences 179 Maton Venture embedded wireless devices 180 Matrix Partners Sandburst Corporation, RealChip 181 Mayfield Fund LightSpeed Semiconductor, Inc., Steam Machine, T-RAM, Inc., Ubicom, Inc., Inphi 182 MCNC NetOctave 183 MCP Global Corporation Ubicom, Inc. 184 Merrill Lynch Capital Partners Chameleon Systems, Inc. 185 Mid-Atlantic Venture Funds NxtWave Communications 186 MidMark Advisors PowerSmart, Inc. 187 Millenium Technology Venture Partners NxtWave Communications 188 Mingly Ventures Cradle Technologies 189 Mirae Asset Venture Investment Open Solution Co Ltd 190 Mitsubishi International NxtWave Communications, Silicon Wave, Inc., SiRF Technology, Inc. 191 Mitsui & Co. SandCraft, Inc. 192 Mobius Venture Capital Transilica, Inc. 193 Mohr Davidow Ventures Accelerant Networks, Inc., LightSpeed Semiconductor, Inc., Quake Technologies, Inc. 194 Monet Capital Vweb 195 Morgan Stanley Private Equity Chameleon Systems, Inc., Fast-Chip, Inc., Legerity, Inc., StarGen Technologies, Inc., Silicon Access Networks 196 Morgenthaler Ventures Chameleon Systems, Inc., StarGen Technologies, Inc. 197 Motorola Ventures Morphics Technology 198 MSD Capital StarGen Technologies, Inc. 199 M-Systems Flash Disk Pioneers Saifun 200 MTDC Ventures Global Communication Devices, Inc. 201 MTI Partners Digital Communication Technologies 202 MVC Corporation SandCraft, Inc. 203 National Semiconductor ZF Micro Devices, Inc. 204 NEC Corporation NxtWave Communications 205 Needham & Company, Inc. LogicVision, Inc. 206 New Enterprise Associates Atheros Communications, Inc. 207 NewMedia Spark Aspex Technology International 208 Nextreme Ventures Morpho Technologies 209 Nexus Group LLC Silicon Wave, Inc. 210 Nohau Corp. Ubicom, Inc. 211 North Carolina Enterprise Corp. NetOctave 212 Norwest Venture Partners BRECIS Communications, Summit Microelectronics, Resonext Communications, Silicon Ac- cess Networks 213 NW Brown Capital Partners Cyan Technologies Ltd 214 Oak Investment Partners Cyrano Sciences, NxtWave Communications, Resonext Communications 215 Oakmont Telecruz Technology, Inc. 216 ON Semiconductor Primarion 217 OneLiberty Ventures Chinook Communications, Inc. 218 Pacific Venture Group SandCraft, Inc., Vweb 219 Palmchip Corp. eSilicon Corporation 220 Parakletos@Ventures GCT Semiconductor 221 Parker Price Venture Capital SandCraft, Inc.

© 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 27 2000 Fabless Fundings Investors Invested Companies 222 Particof & Co. MeshNetworks 223 Pequot Capital Management NxtWave Communications 224 Philadelphia Ventures StarGen Technologies, Inc. 225 Pivotal Asset Management Silicon Access Networks 226 Polaroid Corporation Zight Corporation 227 Qlogic Corporation Banderacom 228 Raza Foundries Zeevo, Inc., Mellanox Technologies, Inc., Silicon Access Networks 229 Raza Ventures Lara Networks, SiByte, VxTel 230 Red Hat, Inc. Cradle Technologies 231 Redpoint Ventures Internet Machines 232 Redwood Ventures MeshNetworks 233 Ridgestone Corporation Cyrano Sciences 234 Robertson Stephens Systemonic 235 Rustic Canyon Ventures Cyrano Sciences 236 Samsung Transmeta Corporation, ZF Micro Devices, Inc. 237 Sands Brothers & Co. Silicon Wave, Inc., ZF Micro Devices, Inc., Telecruz Technology, Inc. 238 Satwick Ventures Azanda Network Devices 239 Scottish Enterprise Axeon Ltd. 240 Seed Capital Partners Layer N Networks, Inc. 241 Senvest International Silicon Wave, Inc. 242 Sequoia Capital BRECIS Communications, Pixelworks, Inc., Zeevo, Inc., Ikanos Communications, Inc., Mel- lanox Technologies, Inc., VxTel 243 Sevin Rosun Funds Cicada Semiconductor, Inc. 244 Shelby Venture Partners Silicon Packets, Inc. 245 SIDUS Silicon Wave, Inc. 246 Siemens Venture Capital GmbH Zight Corporation 247 Siemens Corporation Morphics Technology 248 Signal Lake Venture Fund Cradle Technologies, SiliconWave, Inc. 249 Skypoint Capital Corporation SynTera Communications, Inc. 250 Smart Technology Ventures Cradle Technologies, Morpho Technologies, Transilica, Inc. 251 Sonera Venture Partners Morphics Technology 252 Sony Corporation Transmeta Corporation, Morpho Technologies 253 Soros Fund Management Silicon Access Networks 254 Southeast Interactive Technology Funds Nitronex Corporation 255 Sprout Group Legerity, Inc., Silicon Access Networks 256 Spyglass Entertainment Group Telecruz Technology, Inc. 257 St. Paul Venture Capital Onex Communications, StarGen Technologies, Inc. 258 Stanford University Cognigine Corporation 259 Star-Ventures BroadLight, Inc., Ezchip Technologies, Ltd., Onex Communications 260 Summit Accelerator Fund MediaQ, Inc., PowerSmart, Inc. 261 Summit Partners Hittite Microwave Corporation 262 Synopsys, Inc. Chameleon Systems, Inc., LightSpeed Semiconductor, Inc., Silicon Access Networks 263 Tallwood Venture Capital SandCraft, Inc., Silicon Access Networks, SiRF Technology, Inc., Inphi 264 Tamar Investments EZchip Technologies, Ltd. 265 Tamir Fishman Ventures Modem-Art 266 Tarrant Venture Partners eSilicon Corporation 267 TechFund Capital Y Media 268 Technology Crossover Ventures StarGen Technologies, Inc. 269 TeleSoft Partners SigmaTel, Inc., VxTel 270 Telesystem-Argo Global Capital Chameleon Systems, Inc. 271 Telos Venture Partners Alchemy Semiconductor 272 Teradyne LogicVision, Inc. 273 Texas Instruments Zight Corporation 274 Texas Pacific Group Legerity, Inc. 275 The Chatterjee Group Zight Corporation 276 The Seed Fund Onex Communications 277 The Still River Fund Global Communication Devices, Inc., MEMSIC, Inc. 278 Thomas Weisel Partners Ubicom, Inc. 279 Tiburon Investments Legerity, Inc. 280 Trans Atlantic Technology ZF Micro Devices, Inc. 281 Transatlantic Capital Corporation SiRF Technology Inc. 282 TranSwitch Corp. Onex Communications 283 Trieste Investment Group embedded wireless devices

28 © 2002 Fabless Semiconductor Association www.fsa.org Fabless Fundings — Q1 2002 2000 Fabless Fundings Investors Invested Companies 284 TriQuint Semiconductor, Inc. Tropian, Inc. 285 TVM Techno Venture Management Morphics Technology 286 Tyco Ventures Scion Photonics 287 U.S. Bancorp Piper Jaffray Ventures Chameleon Systems, Inc. 288 U.S. Discovery Partners Displaytech 289 U.S. Venture Partners Alchemy Semiconductor, LightSpeed Semiconductor, SandCraft, Inc., T-RAM, Inc., Mellanox Technologies, Inc., Astute Networks 290 U.S. Trust Private Equity PowerSmart, Inc. 291 Van Wagoner Capital Management SandCraft, Inc., StarGen Technologies, Inc. 292 VantagePoint Venture Partners Avaz Networks, Cognigine Corporation, Nitronex Corporation, SandCraft, nBand Communi- cations 293 Velocity Capital Management Silicon Wave, Inc. 294 VenGrowth Capital Funds Cogency Semiconductor, SiGe Microsystems, Inc., Symagery Microsystems 295 Venrock Associates Onex Communications, Kendin Communications 296 Venture First Associates NxtWave Communications 297 Venture Management Services Morphics Technology 298 Vertex Management Ubicom, Inc. 299 Viventures Partners MediaQ, Inc. 300 Vulcan, Inc. Transmeta Corporation 301 Wakefield Group NetOctave 302 Walden Capital Management Corporation Ubicom, Inc. 303 Walden International Morphics Technology 304 Walden VC Chinook Communications, Inc. 305 Wasatch Venture Fund Cognigine Corporation 306 Wasserstein Ventures Cognigine Corporation, SandCraft, Inc. 307 WestBridge Ventures LLC Ubicom, Inc. 308 Weston Presidio MediaQ, Inc. 309 White Rock Partners Microtune, Inc. 310 Whitney & Co. NxtWave Communications 311 WK Associates Chameleon Systems, Inc. 312 Working Ventures Canadian Fund Cogency Semiconductor 313 Wu-Fen ChenCros Vweb 314 Yamacraw Seed Fund RF Solutions 315 YankeeTek Ventures Chinook Communications, Inc. 316 Zodiak Venture Capital Spirea AB

2000 IPOs Company Filing Date Pricing Date Pricing Underwriters Amount 1 Dialog Semiconductor June, 2000 June, 2000 $54.30 Goldman, Sachs & Co., Deutsche Banc Alex Brown, Morgan Stanley, Robertson Stephens 2 Integrated Circuit Systems March, 2000 May, 2000 $13.00 CS First Boston Corp., Lehman Brothers, Bear Stearns & Co., Pennsylvania Merhcant Group, Fleet Boston Corp. 3 Integrated Telecom Express, Inc. June, 2000 August, 2000 $18.00 Lehman Brothers, Bear Stearns & Co., Fidelity Capital Markets, Wit Soundview Group Inc. 4 Marvell Technology Group March, 2000 June, 2000 $15.00 Goldman, Sachs & Co., JP Morgan & Co., Lehman Brothers 5 Microtune May, 2000 August, 2000 $16.00 Goldman, Sachs & Co., Bear Stearns & Co., Chase Manhattan Bank NA, SG Cowen Securities Corp. 6 Pixelworks February, 2000 May, 2000 $10.00 Salomon Smith Barney, Deutsche Banc Alex Brown, SG Cowen, E*Offering 7 Silicon Laboratories January, 2000 March, 2000 $31.00 Morgan Stanley Dean Witter, Lehman Brothers, Salomen Smith Barney 8 TVIA, Inc. April, 2000 August, 2000 $11.00 Banc of America Securities, Dain Rauscher Wessels, CIBC World Markets, US Bancorp Piper Jaffray 9 Transmeta Corporation August, 2000 November, 2000 $21.00 Morgan Stanley Dean Witter, SG Cowen Securities Corp, Banc of America Securities, Salomon Smith Barney 10 Tripath Technologies, Inc. April, 2000 August, 2000 $10.00 Salomon Smith Barney, US Bancorp Piper Jaffray, Dain Rauscher Wessels