TranSwitch Corporation and Samsung Electronics enter into strategic alliance

Oct. 16, 2001--TranSwitch Corporation has entered into a strategic alliance agreement with Samsung Electronics, under which TranSwitch is a preferred supplier of the Samsung Network Broadband Division for the development of next generation networking solutions.

TranSwitch Corporation (NASDAQ:TXCC) announced it has entered into a strategic alliance agreement with Samsung Electronics. The Memorandum of Understanding (MOU) signed by both companies identifies TranSwitch as a preferred supplier and a strategic partner of the Samsung Network Broadband Division for the development of their next generation networking solutions.

The relationship between TranSwitch and Samsung is evident from Samsung's adoption of TranSwitch's patented CellBus switching fabric in both its current generation cdma2000 wireless network platform as well as its Broadband ADSL platform which are being deployed on a worldwide basis in several key markets.

About TranSwitch Corporation:

TranSwitch Corporation, headquartered in Shelton, Connecticut, is a developer and global supplier of innovative high-speed VLSI semiconductor solutions to original equipment manufacturers who serve the Worldwide Public Network Infrastructure, the Internet Infrastructure, and corporate Wide Area Networks (WANs). For more information, visit www.transwitch.com.

About Samsung Electronics:

Samsung Electronics Co. Ltd. is a global provider of semiconductors, consumer electronics, and digital convergence technology. For more information, visit www.samsungelectronics.com.

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