AMIS Holdings signs agreement to acquire Dspfactory Ltd.

September 10, 2004 – AMIS Holdings Inc., parent company of AMI Semiconductor, has signed an agreement to purchase substantially all of the assets of Dspfactory Ltd, a provider of ultra-low power DSP technology for digital hearing aids and other low-power medical devices based out of Waterloo, Ontario, Canada.

The purchase price is $42.35 million in cash and restricted stock, subject to certain purchase price adjustments, with a potential additional payment of $8.5 million in stock upon achievement of certain milestones before the end of 2006.

Dspfactory has developed a proprietary DSP-based mixed-signal platform with unique intellectual property. With this acquisition, AMIS will assume certain assets and liabilities of Dspfactory, including its facilities and operations based out of Waterloo and a design center in Marin, Switzerland.


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