Oki Electric Establishes Semiconductor Business Office in Bangalore, India

Business Wire, July 1, 2005

TOKYO -- Oki Electric Industry Co., Ltd. (TOKYO:6703) today announced the establishment of Oki Semiconductor Singapore's branch office in Bangalore, Karnataka to enhance its customer support and marketing activities for its semiconductor business. Starting operation today, this is Oki Group's first semiconductor business office to be established in India.

"While we have been enjoying semiconductor business in India for the past few years, we needed a structure to provide full support to our local customers as well as expand our marketing activities to increase sales. With this new office in Bangalore, known as the center of India's IT industry, we plan to increase our semiconductor sales for the Indian market by three fold in the fiscal year ending March 2008," said Akira Kamo, President of Silicon Solutions Company at Oki Electric.

Oki's semiconductor business sales have been expanding in the rapidly growing Indian market for its LSIs for network equipment, LCD driver LSIs, in-vehicle LSIs, and sound generator LSIs for mobile phone ringer tones. This new basis will identify the needs for potential customers and provide products that suit the Indian market.

(Semiconductor Office in India)

Name:               Oki Semiconductor Singapore Pte. Ltd.
                    Bangalore Branch

Location:           906 Prestige Meridian I, 29 M. G. Road,
                    Bangalore 560 001, India
                    TEL: (080) 51530990     FAX: (080) 5153 0993

Representative:     Ichiro Kanayama (part-time)

Establishment:      March 4, 2005

Start of operation: July 1, 2005

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses functions as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit Oki's global web site at http://www.oki.com/.> Notes:

--Names of companies and products are trademarks or registered trademarks of the respective companies.

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