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ANALOGIX SEMICONDUCTOR SECURES $15 MILLION SERIES B FUNDING Lead Investor Globespan Capital Partners Joins Second Funding Round Santa Clara, CA, June 30, 2005 – Analogix Semiconductor today announced it has completed its second round of private venture funding, raising $15 million. New investor Globespan Capital Partners is leading the round, and existing venture partners Woodside Fund, DCM - Doll Capital Management and IDG Technology Venture Investment are all participating. The $15 million brings the total investment in Analogix to more than $25 million. The new investment will be used to fund product roll-out initiatives and expansion of Analogix’s product offering. “We are excited to lead Analogix’s Series B financing and believe that the company is well-positioned to succeed,” said Barry Schiffman, executive managing director for Globespan Capital Partners. “Analogix has unique technology that addresses the critical shortcomings found in existing approaches in the analog and mixed-signal semiconductor marketplace and an experienced team with a strong track record. We look forward to working with the company to support its growth and market expansion both in the U.S. and Asia.” “We are very pleased to be adding Barry Schiffman and the Globespan team to the Analogix family,” said Kewei Yang, founder and CEO of Analogix. “Globespan has a proven track record of successes,” said Bill Eichen, president and COO of Analogix. “Their experience in building strong management teams and access to Asian markets is a great addition as we scale Analogix to the next level.” About Analogix Semiconductor ### Media Contact: Company Contact:
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© 2005, Analogix Semiconductor, Inc. All rights reserved. |