Open-Silicon Announces Hitesh Bhantnagar as General Manager of Open-Silicon India

SUNNYVALE, Calif.— November 22, 2004—Open-Silicon, Inc., a fabless ASIC company that provides a predictable, reliable and cost effective alternative to traditional chip design and supply chain models, today announced the appointment of Hitesh Bhatnagar as general manager of Open-Silicon India.

Hitesh brings 28 years of professional experience with some of the leading multi-national corporations in India to Open-Silicon. Prior to joining Open-Silicon, Hitesh served as the president and managing director of Logic Vision India Pvt. Limited, Bangalore. Hitesh has held senior positions in design and manufacturing in some of India’s largest companies, including Aspect Development / i2 Technologies India, Philips India, Tata Telecom and AT&T/Lucent Technologies.

“I am pleased to welcome Hitesh to Open-Silicon’s management team,” said Naveed Sherwani, president and CEO of Open-Silicon. “Open-Silicon has built a world-class Design Center Unit (DCU) in Bangalore and we now plan to add equally world-class marketing, sales support, IP and manufacturing operations in India. Hitesh’s extensive experience in the global market will allow us to quickly reach this goal.”

“Open-Silicon is truly a global company. It’s unique business model is bringing much-needed affordability back to the ASIC market,” said Hitesh. “I am excited to have the opportunity to help grow the world-wide infrastructure that will bring this new ASIC option to the widest number of customers.”

“In addition to supplying a large percentage of the world’s engineering talent, we believe Indian firms will purchase US-made equipment worth hundreds of millions of dollars in the coming years, “ said Promod Haque, managing partner of Norwest Venture Partners, Open-Silicon board member, and the number one venture capitalist on the Forbes Midas List for 2004. “I am pleased that Open-Silicon is taking a leadership position in building the best infrastructure for rapid growth in the global economy by investing in a world-class team in India.”

Hitesh earned his B.E. (Hons.) in Electronics Engineering from the Birla Institute of Technology and Science.

About Open-Silicon’s Management Team
Open-Silicon was founded and is led by president and CEO, Dr. Naveed Sherwani, the former general manager and founder of Intel Microelectronics Services®; Scott Houghton, vice president of marketing and business development, and the former senior vice president and general manager of Synopsys Professional Services Group; and Dr. Satya Gupta, vice president of engineering, and the former director of engineering for Intel Microelectronics Services.

About Open Silicon, Inc.
Open-Silicon, Inc. is a fabless ASIC company delivering the most cost-effective, predictable and reliable custom ASIC solution to electronics product customers worldwide. Open-Silicon’s OpenMODEL™ is the semiconductor industry's first end-to-end custom ASIC solution based on a revolutionary business model that provides a seamless, low-cost, low risk alternative to traditional models for complex ASIC design and development. For more information, visit Open-Silicon’s website at www.open-silicon.com or call 408-523-1200.