SAN JOSE, Calif. (Dec. 8, 2003) – The Fabless Semiconductor Association (FSA), the global voice for fabless and hybrid semiconductor companies and their foundry and supply chain partners, announces the winners of its 2003 awards, presented at the Association’s Awards Dinner Celebration on Thursday, Dec. 4, 2003 in Santa Clara, Calif.
The celebration recognizes fabless companies that have demonstrated excellence through their success, vision, strategy and future opportunities in the semiconductor industry. The award descriptions and winners are as follows:
Most Respected Public and Private Fabless Companies – These awards honor the most respected public and private fabless companies as determined by the fabless community, semiconductor financial and industry analysts, and suppliers in terms of product, vision, strategy and future opportunities. The public company winner is Xilinx, Inc., and the private company winner is Cavium Networks.
Best Financially Managed Company – The FSA research staff, in conjunction with financial analysts, evaluates the health of public fabless semiconductor companies traded on the U.S. exchanges by comparing financial indices such as: return on investment; return on equity; inventory turns; year-over-year revenue growth; net profit; days sales outstanding; cash per share; cash burn rate; gross profit margin; operating margin; current ratio; and selling, general and marketing expenses. As the company with the highest score, the winner is QUALCOMM CDMA Technologies.
Favorite Fabless Picks – Semiconductor financial analysts from top-tier firms select their favorite public fabless company for this award. The analysts based their decision on historical, as well as projected data, such as stock price, earnings per share, revenue forecasts and product performance. The winners are Silicon Storage Technology, Inc., awarded by C.E. Unterberg Towbin; Marvell Semiconductor, Inc., awarded by Lehman Brothers; and Broadcom Corp., awarded by Morgan Stanley.
Outstanding Financial Performance By Public and Private Companies – Companies that doubled either revenue or net-income over eight consecutive quarters ending September 2003, are eligible to receive the award for outstanding financial performance. The public company winners are Nanogen, Inc. and Power Integrations Inc. The private company winners are Atheros Communications, NetLogic Microsystems, Inc., Volterra Semiconductor Corp., Wolfson Microelectronics plc and Zeevo, Inc.
Fabless Start-Ups to Watch – The FSA Venture Capital Advisory Board selects the winners by identifying those companies that have demonstrated the likelihood of achieving the next phase of growth. The winners are Sierra Logic and SyChip, Inc.
Dr. Morris Chang Exemplary Leadership Award - This award recognizes individuals, such as its namesake, Dr. Morris Chang, for their outstanding achievements and unique contributions to the fabless sector, exemplifying how their vision and global leadership has transformed and elevated the entire semiconductor industry. This award was presented to Dr. Irwin Mark Jacobs, chairman of the board and CEO of QUALCOMM Inc.
The 2003 FSA Awards Dinner Celebration was made possible through the generous support of its title sponsor, Oracle Corporation, as well as additional sponsors including: AMI Semiconductor; Amkor Technology; ATI Technologies; Broadcom; Cadence; C.E. Unterberg, Towbin; Chartered Semiconductor; Conexant; DongbuAnam; EETimes; Ernst & Young; IBM Microelectronics; Jazz Semiconductor; Morgan Stanley; NVIDIA; QUALCOMM CDMA Technologies; Reed Electronics Group; Synopsys; TSMC; UMC and Virage Logic.
About the Fabless Semiconductor Association:
The FSA is the global voice of fabless and hybrid semiconductor companies and
their foundry and supply chain partners. Incorporated in 1994, the Association
(http://www.fsa.org) is focused on the perpetuation of the fabless business
model throughout the worldwide semiconductor industry. The organization encourages
the relationship between semiconductor companies and suppliers; facilitates
business partnerships; creates awareness of the fabless/outsourced business
model; disseminates industry data; and fosters standards and policies.
FSA members include fabless companies, integrated device manufacturers (IDMs), foundry providers, packaging/assembly houses, intellectual property providers, electronic design automation companies, OEMs, photomask companies, design software companies, investment bankers, venture capitalists and other companies. FSA members represent more than 21 countries spanning North America, Asia-Pacific, Europe and the Middle East.
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