Oxford Semiconductor Appoints Merle McClendon as Chief Financial Officer

Business Wire, Jan 9, 2006

MILPITAS, Calif. -- Oxford Semiconductor, a leading provider of high-performance connectivity solutions for consumer, storage, and multimedia applications, today announced the appointment of Merle A. McClendon as its chief financial officer with responsibility for the finance, legal and human resources functions. McClendon brings to the company extensive experience as a public company CFO with expertise in the many aspects of financial management and administration important to Oxford's next stage of growth.

"I am pleased that we will have the opportunity to leverage Ms. McClendon's experience and success in the semiconductor and high-tech financial markets," said William Mackenzie, Oxford Semiconductor's CEO. "Her appointment comes at an exciting time in the history of our company where our recent expansion and forecasted growth demands familiarity with the investor community and expertise in system development and financial management -- she is a welcome addition to the Oxford Semiconductor executive team."

McClendon has over 20 years experience in finance, with 10 years in CFO roles for public and private fabless semiconductor companies including Mellanox Technologies Ltd., Transmeta Corp. and NeoMagic. She has directed finance, legal, human resources and information technology organizations for companies which have grown from privately held startups to multi-national, public companies and has successfully completed financial equity and debt transactions, mergers and acquisitions, IP licensing and divestitures. She is a certified public accountant and began her career as an audit manager with Deloitte and Touche.

About Oxford Semiconductor

Oxford Semiconductor designs and markets high-performance connectivity solutions for the storage, multimedia communication, computing, and industrial markets. Founded in 1992, Oxford is a privately owned company with headquarters in Milpitas. Oxford recently acquired TransDimension, a fabless semiconductor company based in Irvine, Calif. TransDimension provides USB connectivity solutions and software for embedded applications.

As the market leader in IEEE1394 (FireWire) and USB interface controllers for direct attached storage applications, Oxford Semiconductor has shipped more than 10 million devices, and today supplies all of the world's major external storage manufacturers.

Oxford Semiconductor also has a strong reputation in high-speed serial communication chips, and offers complete solutions for bridging between a wide range of standard computer interfaces. Through its FireWire audio controllers, Oxford Semiconductor has led the development of breakout boxes, external sound cards and multi-channel speaker systems, providing laptop users with quality sound for the very first time. More information about Oxford Semiconductor can be found at http://www.oxsemi.com.