Taipei, Taiwan, April 30, 2003 － WIN Semiconductors Corp., the world’s leading GaAs MMIC foundry, today announced the election of Messrs. Dennis Chen and Tony Lin as the Chairman and Vice-Chairman of WIN during a Special BOD Meeting on April 29, 2003. Due to personal reasons, the former Chairman Mr. Ocean Hsieh, has decided to retire; he will continue to serve as one of the Executive Directors on the BOD of WIN and will continue to provide strategic guidance as well as advice to the Company.

“In addition to establishing its position as the premier provider of GaAs foundry services, WIN has made a significant contribution to the development of Taiwan’s wireless communication industry in the past four years,” said Mr. Hsieh. “I am very proud of WIN’s accomplishment. But regrettably I have decided to retire due to age and personal health reasons. It is my believe that WIN will get even better under Chairman Chen’s leadership.”

WIN’s newly elected Chairman, Mr. Chen stated, “WIN has successfully grown to become the largest GaAs MMIC Company in Taiwan. During this period, the Company has also enjoyed considerable success. Much of this success can be attributed to Mr. Ocean Hsieh, who aggressively secured fund raising, technology development, manufacturing capability advancement and international strategic partnerships.”

Mr. Chen added, "Since WIN’s establishment, under the support and leadership of Chairman, Mr. Ocean Hsieh, the Company has had excellent financing support along with operational results. For WIN’s management team and employees, the departure of Mr. Ocean Hsieh is not an easy one. The entire Company would like to express their best wishes regarding Mr. Hsieh’s future plans."

About Mr. Dennis Chen
In addition to serving on the Board of Directors of WIN since its establishment, Chairman Dennis Chen is the President of Namchow Group. He has an in-depth understanding of the communications-semiconductor industry as well as the current status and operations of WIN Semiconductors. Mr. Chen holds Master degrees in Accounting and Public Administration from Tamkang University, Taiwan and University of San Francisco, respectively

About WIN Semiconductors Corporation
WIN Semiconductors Corporation (WIN) is a leading pure-play and dedicated GaAs RFIC/MMIC foundry services provider with an advanced 6-inch wafer fab. The facility is ISO9001/QS9000/ISO14001/OHSAS18001 certified.

WIN offers a wide spectrum of technologies for applications from 800 MHz to 100 GHz, including HBT, pHEMT, pHEMT Switch and mHEMT.

WIN has been established more than three years with proven track record of producing high performance RFICs and MMICs for its customers, to various industries from handset (PA and switch) and WLAN (PA and switch) to satellite communications and automotive radar MMICs. WIN customers include major IDM, fabless design and module/system companies. WIN is headquartered at No. 69, Technology 7th Road, Hwaya Technology Park, Kuei Shan Hsiang, Tao Yuan Shien, Taiwan, Republic of China. Visit the WIN website http://www.winfoundry.com for more information.