American Semiconductor Named Boeing Technology Supplier of the Year

Boise, Idaho - April 21, 2008 - American Semiconductor, Inc., the developer of Flexfet™ (an Independent Double Gated SOI CMOS Process) and Pure Play Semiconductor Foundry announced today that it has been recognized as a Supplier of the Year in the Technology category by The Boeing Company. American Semiconductor was one of two suppliers named in its category, and was one of 11 total companies honored last week for its commitment to superior performance and customer satisfaction.

The 2007 Suppliers of the Year were selected from a pool of 250 Boeing Performance Excellence Award winners. These companies - a select group among Boeing worldwide suppliers - hold 2007 Boeing Performance Excellence Awards for achieving silver or gold levels of performance, based on quality and delivery metrics over a 12-month period.

"We are proud to recognize the performance excellence of our 11 Suppliers of the Year, who have demonstrated that they are the best in the Boeing supply base," said Steve Schaffer, Boeing enterprise leader of Supplier Management and vice president and general manager of Supplier Management for Boeing Commercial Airplanes. "Boeing is committed to rewarding, retaining and developing our top-performing suppliers who share our focus on first-time quality and on-time delivery."

American Semiconductor provides unique wafer-scale semiconductor development to support Boeing's emerging technology needs. American Semiconductor routinely provides advanced technology research for agencies including the U.S. Department of Defense, U.S. Department of Energy, and NASA. Through aggressive process simulation, rapid development, high quality prototype fabrication, and a collaborative relationship with Boeing, American Semiconductor met and exceeded wafer fabrication delivery milestones in record time, despite the risks inherent with new technology development.

"We are extremely honored to receive this award in recognition of American Semiconductor's service supporting Boeing's research and development. Working to meet Boeing's requirements with our on-shore fabrication capability has been a great experience," said Doug Hackler, President and CEO of American Semiconductor, Inc. "American Semiconductor has a passion for wafer fabrication achievements and the opportunity that Boeing gave a small business to apply very sophisticated technology development expertise to solve a unique and novel technical challenge is most appreciated. We look forward to the opportunity to continue supporting Boeing wafer fabrication requirements."

For more information on the Boeing Supplier of the Year award, including a complete list of award recipients, visit http://www.boeing.com/news/releases/2008/q2/080417b_nr.html

About American Semiconductor
American Semiconductor, Inc. is a U.S. on-shore semiconductor foundry that develops and commercializes process technology. Wafer fabrication services are provided by American Semiconductor for Flexfet SOI CMOS and Custom Fabrication services including process development, integration, simulation, modeling, mask generation, wafer fabrication and testing. American Semiconductor's "Copy Smart / Copy Similar" methodology for installation of customer-owned/developed technology applies enhancements based on 200mm and current generation capabilities. American Semiconductor provides pure-play low-cost foundry services for all aspects of wafer fabrication and process development while avoiding prohibitive manufacturing costs through the utilization of the SVTC 65nm capable, 200mm wafer fab.