Company Overview

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Company Overview
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About True Circuits, Inc.

• Leading provider of high-speed analog/mixed-signal
  IP, with a focus on timing circuits
• Founded in 1998, with new offices in Los Altos,
  CA
• Privately held company with significant revenue
  and profit growth in recent years
• Team of expert analog circuit designers who
  perform leading-edge RD
• Highly leveraged business model with most support
  functions outsourced (marketing/PR/legal,
  taxation, etc.)
• Sales reps and distributors in other regions
• Partnerships with other leading IP providers
• Close associations with leading foundries, IDMs
  and ASIC providers
• On-site silicon lab with latest Agilent test
  equipment

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Our Mission

• To develop and deliver to our valued customers
  premium-quality, low-jitter PLLs, DLLs and other
  high-speed mixed signal hard macros that are
  robust, versatile, innovative and work on first
  silicon.

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Hidden Complexities of PLLs

• Design challenges from 90nm and 55nm generation
  technologies
• Limited supply voltages over thresholds
• High channel and gate leakage currents
• Device mismatch/process uniformity
• Noise issues
• Noise is commonplace in the mixed-signal
  environment of ASICs and SoCs
• PLLs produce time-varying offsets (jitter) as a
  result of noise
• Jitter can have disastrous effects on internal
  chip timing
• Jitter is one of the most difficult issues to
  address with PLLs
• Characterization issues
• Characterizing PLLs can be challenging
• It is easy to obtain misleading data
• PLLs need to be characterized in a noisy
  environment

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TCI Design Strategy

• Dedicated RD to develop superior analog and
  mixed-signal circuit technology by circuit
  designers who clearly understand the underlying
  complexities of real world IC applications
• Powerful circuit characterization platform
• Greatly simplifies and expedites the process of
  designing and characterizing custom circuits
• Simulation server farm has over 300 processors
  (each running SPICE) for extensive pre-silicon
  verification
• Automated layout generation technology
• Allows complete and optimized GDSII to be
  generated automatically from a design database
• Fully tested hard macros in a variety of process
  technologies that meet customers exact
  requirements
• No need for customers to fiddle with PLL
  generators
• Hard macros designed to work on the first silicon

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PLL Product Line

• A complete line of innovative PLLs in any CMOS
  processes
• Clock Generator, Spread Spectrum, High
  Resolution, Low Bandwidth and Deskew PLL designs
• Span six process generations, from 180nm to 55nm
• Excellent jitter performance while operating in
  hostile mixed-signal noise environments
• Extremely versatile and process tolerant, with
  wide output frequency and multiplication ranges
  (1-4096)
• Fully pin programmable
• LockNow!TM Technology for very fast locking with
  minimal frequency overshoot
• Smaller sizes are available for easier
  integration
• Only use core devices with no extra layer options
  to avoid extra fabrication costs

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DLL Product Line

• A multi-purpose analog DLL in any CMOS processes
• Designed for high-speed DDR style interface
  applications
• Generates precise delays that can be programmed
  from 0 to 360 degrees of the reference period
• Spans six process generations, from 180nm to 55nm
• Delivers optimal jitter performance over wide
  frequency range
• Extremely process tolerant
• Fully pin programmable
• Various size/form factors are available to meet
  specific layout requirements
• Only uses core devices with no extra layer
  options to avoid extra fabrication costs

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90nm/65nm/55nm Experience

• 2003 90nm development with TI and TSMC
• 2004 90nm production ramp with TSMC
• 2005 65nm development with TI and TSMC
• 2005 90nm development with CHRT, NEC and UMC
• 2006 65nm development with CHRT
• 2007 55nm development with TSMC and NEC
• 2007 65nm/55nm production ramp with TSMC
• 2007 45nm development

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Current Business Model

• TCI licenses its hard macros directly to
  customers and receives licensing fees for the
  design and integration services
• Licensing terms are per use/multi use and do not
  require royalty payments
• TCI has partnerships with other semiconductor
  companies that provide indirect sales channels
  for its licensed products
• IDM, ASIC, Foundry and Web portal IP libraries
• Design services firms (True Partner Program)
• IP Partners
• Sales representatives/distributors
• All TCI products are designed and packaged in a
  way that makes it possible for customers to
  easily choose and integrate a hard macro that
  meets their specific needs

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TCI Presence in Europe

• Current presence in Europe is limited
• However, strong presence in Israel
• IP licenses in support of wireless chipsets
• Icera wireless modems for cellular broadband
• picoChip WMAX chipsets
• IP library and design services relationships
• Design Reuse member since 2001
• ARM Connected Community member since 2003
• Accent S.p.A. IP partnership under development
• Current European initiatives
• IP licensing with large semiconductor company
• Addition of sales reps and distributors in Europe
• Expansion of U.S. ad campaigns into European media

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Why Do Customers Choose TCI?

• Expertise developing advanced, robust and
  low-jitter analog circuits
• Powerful circuit characterization platform for
  thorough pre-silicon verification
• Automated layout generation technology that
  accelerates the development of consistent and
  reliable analog IP
• Large portfolio of PLL and DLL IP in advanced
  CMOS processes
• Close technical relationships with leading
  foundries and IDMs in their latest CMOS processes
• Team of Ph.D.-level circuit designers who offer
  expert pre- and post-sale support
• Track record of first-time silicon success over
  hundreds of IP implementations
• Impressive list of marquee customers spanning the
  semiconductor industry

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Target Markets / Key Customers

• NEC
• Sarnoff
• Silverback Systems
• Silicon Image
• Stream Processors
• Sun Microsystems
• Texas Instruments
• Triscend/Xilinx
• Tundra
• Xambala

• Processors/ASICs/FPGAs/SoCs
• AMI Semiconductor
• Ageia Technologies
• Agilent Technologies
• ARM
• Avago Technologies
• California Micro Devices
• Marvell
• Mathstar
• Mindspeed
• MIPS
• Design Services (True Partner Program)
• AlChip
• eSilicon
• Faraday Technology
• Global UniChip
• Insilica
• Open-Silicon

• Graphics/Multimedia
• AMD/ATI Technologies
• Microsoft
• Nintendo
• Zoran
• Networking/Communications
• 2Wire
• 3 Leaf Networks
• Aarohi Communications
• Agere Systems
• AMCC
• Asia Pacific Satellite
• Atheros Communications
• Bandspeed
• Cavium Networks
• Cisco Systems
• Icera Semiconductor
• Ikanos Communications
• Juniper Networks

• Socle Technology
• TeraChips
• Time to Market