eASIC and GenCore Form Partnership for Distribution of Nextreme Structured ASIC Devices in Korea

GenCore Can Now Deliver to the Korean Designers Affordable ASICs With No Mask Charges and With an FPGA-like Ease-of-Design in a Short Time-to-Market

SANTA CLARA, Calif. -- March 7, 2007 -- eASIC Corporation, a provider of Structured ASIC devices today announced that it has entered into partnership agreement with GenCore, a Korea-based semiconductor solutions and ASIC services provider. This partnership grants GenCore the ability to provide sales support and design services for 90nm Nextreme Structured ASIC devices locally. This marks the sixth partnership agreement formed in Asia to extend eASIC's global presence and answer the ever growing local need for an alternative ASIC solution.

"We are excited to start offering the Structured ASIC solution to our customers and allow them enjoy the advantages of no NRE, low unit-cost and quick turnaround time," said Steve Yoon, GenCore CEO. "In addition, we can leverage eASIC's third-party IP partnerships to enable our customers design low-cost configurable systems with embedded soft IP, such as the ARM926EJ processor-based system that was implemented by eASIC. Besides these customer advantages, we were drawn by the Nextreme architecture that has an easy to use design flow and allows achieving 10x lower power consumption that FPGAs."

"We are pleased to have GenCore join our global channel partnership program," said Salah Werfelli, eASIC Executive Vice President of Customer Operations. "We chose GenCore to represent us due to their dedicated and technically savvy ASIC engineering team, their proven market success and their seasoned management team. We envision a rapidly growing customer base in Korea and China, since we have recognized a large demand for an electronics design alternative that can replace existing high-cost or lengthy turnaround solutions. Our Structured ASIC product that eliminates mask charges, allows meeting today's consumer-driven market needs of product differentiation achieved both rapidly and cost effectively."

About GenCore

GenCore Technology is a leading provider of semiconductor and IT solutions in Korea to a rapidly growing local market. GenCore provides total solutions and services related to mobile phones, displays, networks, and other various electronics products. GenCore has established four offices in Korea and China, with dedicated and experienced engineering teams. http://www.gencore.co.kr

About eASIC

eASIC is a fabless semiconductor company offering breakthrough Structured ASIC devices aimed at dramatically reducing the overall fabrication cost and time of customized semiconductor chips. Low-cost, high-performance and fast- turn ASIC and System-on-Chip designs are enabled through patented technology of FPGA-like programmable logic coupled with ASIC-like Via-layer customizable routing. This innovative fabric efficiently employs mask-less customization with Direct-write e-Beam, and thus allows eASIC to offer NRE-free Structured ASICs.

Founded in 1999, eASIC Corporation is privately held, headquartered in Santa Clara, California. Investors include Vinod Khosla, Kleiner Perkins Caufield and Byers (KPCB), Crescendo Ventures, and Evergreen Partners. http://www.eASIC.com