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PRESS RELEASE

Dr. Sam Lee Joins Global Communication Semiconductors as New CEO

Torrance, CA – October 1, 2002 – 8:00 a.m. Pacific Time

Global Communication Semiconductors (GCS) Inc., a pure-play III-V compound semiconductor wafer foundry, announced today the selection of Dr. Sam Lee as its new CEO.

“I am extremely pleased to appoint Dr. Sam Lee as Chief Executive Officer of Global Communication Semiconductors.  I have known Sam for years and finally have the opportunity to work with him.  Sam’s past experiences and triumphs are an ideal fit for GCS.”  Comments Don Brooks, Chairman of GCS’ Board of Directors.  As CEO, Sam will report directly to the Board of Directors and be responsible for GCS’ growth and profitability.

“After a long and extensive search, the management team is extremely excited to have Dr. Sam Lee joined GCS” commented by Dr. Owen Wu, founder and Chief Strategy Officer of GCS. Sam has 28 years of semiconductor experience with 23 of those years in high profile leadership roles with companies such as Fairchild, Motorola, Raytheon Semiconductor, AMCC and TRW LSI. He has been responsible for profitable sales growth and increased market share at these companies. Sam received his Ph.D. from Ohio State University.

“GCS’s potential as a pure-play III-V compound semiconductor wafer foundry is very exciting.  GCS has a great business model that answers the current market trend of major companies outsourcing compound semiconductor wafer fabrication to reduce manufacturing costs. Due to the pressures of the current world economy the opportunities for GCS are now even more apparent.”  said Dr. Lee.

Global Communication Semiconductors Inc., based in Torrance, California, an ISO 9002 certified company, provides compound semiconductor foundry services to the wireless telecommunication and high-speed networking industries. GCS currently offers foundry service for both InGaP and InP HBT processes and provides optoelectronic foundry services for PIN diodes used in the fiber optic communication market. Additional information may be found at www.gcsincorp.com.

For more information on GCS contact:

Bill Vitez

Director of Sales

Global Communication Semiconductors, Inc.

23155 Kashiwa Court,

Torrance, CA 90505

Tel:  310-530-7274 x 138

Fax:  310-517-8200

Email:  bvitez@gcsincorp.com

Web site: http://www.gcsincorp.com