Fabless Semiconductor Association Honors SST with Award

12/9/2003 - SST (Silicon Storage Technology, Inc., NASDAQ: SSTI) announced that it has received the Fabless Semiconductor Association’s (FSA) “Favorite Fabless Picks” award at the FSA’s Awards Dinner Celebration on December 4, 2003.

The annual event celebrates leadership in the semiconductor industry and recognizes companies that have demonstrated excellence through their success, vision, strategy and future opportunity. In 1996 and 2000, SST was acknowledged by the FSA for “Outstanding Financial Performance.”

Three leading semiconductor financial analysts from top-tier firms were invited by the FSA to present an award to their favorite fabless company. The analysts’ criteria consisted of historical, as well as projected data, such as stock price, earnings per share, revenue forecasts and product performance. Kalpesh Kapadia of C.E. Unterberg, Towbin chose SST.

The award was accepted by Bing Yeh, president and CEO of SST. Yeh said, “We are honored to be recognized as a leading fabless company by the FSA. I would like to acknowledge the countless efforts of the company’s employees, sales representatives and distributors worldwide, as well as our manufacturing partners in making us successful and this award possible.”

About Silicon Storage Technology, Inc.
Headquartered in Sunnyvale, California, SST designs, manufactures and markets a diversified range of nonvolatile memory solutions, based on proprietary, patented SuperFlash technology, for high volume applications in the digital consumer, networking, wireless communications and Internet computing markets. SST's product families include various densities of high functionality flash memory components, flash mass storage products and flash microcontrollers. SST also offers its SuperFlash technology for selective applications through its world-class manufacturing partners and technology licensees including 1st Silicon (Malaysia) Sdn. Bhd., Grace Semiconductor Manufacturing Corporation (Grace), IBM, Motorola, National Semiconductor, NEC Corporation, Oki Electric Industry Co. Ltd., Powerchip Semiconductor Corporation, Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp., Shanghai Hua Hong NEC Electronics Co., Ltd. (HHNEC), Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), Toshiba Corporation, Vanguard International Semiconductor Corporation, and Winbond Electronics Corp. TSMC offers embedded SuperFlash under its trademark Emb-FLASH. Further information on SST can be found on the company's Web site at http://www.sst.com.

For more information about SST and the company’s comprehensive list of product offerings, please call 1-888/SST-CHIP. Information can also be requested via email to literature@sst.com or through SST’s Web site at http://www.sst.com. SST’s head office is located at 1171 Sonora Court, Sunnyvale, Calif.; telephone: 408/735-9110; fax: 408/735-9036.

The SST logo and SuperFlash are registered trademarks of Silicon Storage Technology, Inc. Emb-FLASH is a trademark of TSMC.

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