MosChip Semiconductor and Cavium Networks Partner; Companies Will Collaborate to Deliver...

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--March 10, 2004

Cavium Networks, the cost and performance leader in security processing, and MosChip Semiconductor Technology, USA, a pioneer in semiconductor-based connectivity and networking solutions for

the home and small office, announced today that the two companies have established a partnership to deliver comprehensive solutions for the VPN SOHO (small-office home-office) market. The agreement calls for joint licensing and marketing of VPN semiconductor products in order to leverage each other's strengths and bring to market optimized solutions for VPN security applications.

"Cavium has established an industry leadership position and brand in the security processing space," said Syed Ali, President and CEO of Cavium Networks. "This new partnership with MosChip will allow us to deliver to our customers an even broader set of solutions that will address the specific security needs of broadband access router and gateway applications."

"Customers in SOHO, SME markets have unique requirements for high-performance cost-effective solutions," said Ram Reddy, CEO of MosChip Semiconductor Technology, USA. Mr. Reddy continued with, "Our high integration products and cost-effective operations combined with Cavium's leadership position in the silicon-based VPN market, will help position both companies to deliver additional compelling solutions that address the VPN market's unique requirements."

About Cavium Networks

Cavium Networks is a semiconductor solutions company delivering the industry's largest family of network security products. Cavium's award winning NITROX families of security processors and NITROX XL families of accelerator boards offers solutions delivering 50 Mbps to 10Gbps of encryption bandwidth with 1K to 50K RSA/DH operations per second. Cavium's highly integrated, feature rich NITROX families of Security Macro Processors deliver unprecedented performance in wired and wireless network security applications and SSL based secure e-Business while significantly reducing the cost and complexity of deployment. Cavium Networks is headquartered in the heart of Silicon Valley in Santa Clara, CA with an IC design center in Marlboro, MA. For more information, please visit: http://www.cavium.com.

About MosChip

MosChip Semiconductor Technology, USA is a fabless semiconductor company located in Santa Clara, CA. with sales and marketing operations world-wide. The company has distributors throughout Asia Pacific, Europe and the USA selling a broad offering of PCI Peripheral, USB, and security semiconductors to the consumer and industrial electronics space. MosChip USA is a wholly owned subsidiary of MosChip Semiconductor Technology Limited headquartered in Hyderabad, India. For more information about MosChip, please visit: http://www.moschip.com.

SAFE HARBOR: This release comprises certain forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those mentioned in such forward-looking statements. The risks and uncertainties including but not limited to, those risks and uncertainties viz, our ability to compete in highly competitive semiconductor industry, ability to define, develop and sell new products, dependency on subcontractors for the supply and quality of silicon wafers, dependency on international markets considering the cyclical nature of the semiconductor industry and our ability to attract and retain technical manpower. MosChip may from time to time make additional forward looking statements in any manner and does not undertake to update any of these forward looking statements that may be made from time to time by or on behalf of the company

NITROX(TM) is a trademark of Cavium Networks, Inc. All other products and services mentioned are trademarks of their respective companies.