MEMSIC Manufacturing Facility Qualified and Shipping from New Facility in Wuxi, China

NORTH ANDOVER, Mass.--March 4, 2004--MEMSIC, Inc., the leading provider of CMOS-based MEMS accelerometers/sensors, announced today that it has occupied and qualified its new state-of-the-art manufacturing facility located in the Wuxi New District in Wuxi, Jiangsu Province, China. The new facility has an initial production capacity of 500,000 accelerometers per month, which will be expanded to 1,000,000 units per month by mid-year. When fully capitalized, the facility will be capable of shipping 10,000,000 accelerometers per month. The site has approximately 20,000 sq. ft. of environmentally controlled manufacturing areas, which includes clean room facilities for MEMS packaging and device testing. The site is ISO-9001 and ISO/TS 16949 certified. The new facility will also be ISO14000 certified in 2004.

"MEMSIC's rapid growth has come from providing customers with a highly reliable accelerometer", said MEMSIC President and CEO, Dr. Yang Zhao "With a single digit ppm customer failure rate, our high-volume production customers immediately recognize the lower cost of ownership of our product versus legacy capacitive technologies."

"Our commercial customer base is expanding rapidly and demands a flexible manufacturing environment", explained Vice President of Sales, Evan Sanders. "This new factory provides the capacity we need and can scale rapidly to meet the increase in production requirements.

As the only dual axis accelerometer fabricated on a monolithic CMOS process, MEMSIC's cost effective products are advancing into OEM automotive applications in addition to opening up many new consumer applications. MEMSIC technology is being used for virtually any application that requires the sensing of motion, acceleration, tilt, or vibration.

About MEMSIC, Inc.

MEMSIC, Inc. is a semi-fabless IC company that specializes in Micro Electric Mechanical Systems ICs. MEMSIC has developed and brought to market a unique CMOS based accelerometer that contains no moving parts, is fabricated on a single chip and is manufactured on a standard, sub-micron CMOS process. MEMSIC's technology turns traditionally expensive and unreliable MEMS accelerometers into highly affordable standard IC products with the highest long-term reliability and performance available today in the IC industry. For further information, please visit us on the web at www.memsic.com.