Altair Semiconductor Closes U.S. $22M Series 'C' Funding Round

Latest round of funding primes Altair's global expansion and future
developments in mobile WiMAX, LTE and XGP chip technologies

HOD HASHARON, Israel, Sept. 23 /PRNewswire/ -- Altair Semiconductor, a fabless
chip company developing the world's most advanced 4G mobile semiconductors for
handsets and handheld devices, today announced that it closed a U.S. $22M
Series C funding round. The round, in the form of a combined equity and credit
investment, was led by Pacific Technology Fund (PTF), and joined by ETV
Capital and returning investors. The funding will be used to support Altair's
global expansion, sales and customer support, as well as future development of
Altair's chipsets for WiMAX, LTE and XGP.

"Pacific Technology Fund is very impressed with Altair's strong record of
achievement, and the potential of Altair's technology," said Adriaan
Lightenberg, Managing Partner of Pacific Technology Fund. "We believe Altair's
chipsets are going to change the rules of the game in the 4G market with lower
power consumption, smaller size and decreased cost of bringing products to
market."

Altair's business has gained considerable momentum since its U.S. $18M Series
B round of funding in May of 2007. Less than six months after releasing the
ALT2150, the world's smallest and most power-efficient mobile WiMAX processor,
Altair's solution is considered an industry benchmark for mobile, handheld
devices, and is integrated in some of the world's leading device and module
manufacturers' products. Recently, Altair had been awarded the leading
supplier position of chipsets for wireless devices operating on Willcom Inc.'s
next generation PHS ("XGP") in Japan, a 4G technology similar to mobile WiMAX.
On the LTE front, Altair has created strategic partnerships with key ecosystem
members to accelerate the development and interoperability of its LTE
solution.

"Altair is a company with a different approach to Mobile WiMAX chipsets," said
Berge Ayvazian, Chief Strategy Officer for the Yankee Group. "While most chip
makers focus on serving today's CPE and laptop-centric markets, Altair has
chosen to go straight to mobile devices, and has developed a solution that
enables the cost-effective integration of WiMAX into virtually any device.
This third and significant round is not only important for Altair's expansion,
it is also important for the WIMAX industry."

"Pacific Technology Fund's significant investment demonstrates their belief in
Altair's strong market position, despite the global economic conditions," said
Altair CEO and Co-Founder Oded Melamed. "Pacific Technology Fund joins a
solid consortium of returning investors in helping us grow our business, and
develop the chipsets that will drive 4G into the mainstream by empowering a
new class of handheld devices."

About Altair Semiconductor
Altair is the world's leading developer of ultra-low power, small footprint
and high performance 4G semiconductors that take broadband bandwidth beyond
notebooks and USB adaptors to un-tethered, battery-operated handheld devices.
The company's products provide handheld device manufacturers, integrating 4G
technologies into their products with a highly power-optimized, robust and
cost-effective solution. Altair is privately held and has raised a total of
$48M in three rounds of financing from investors, including Bessemer Venture
Partners, BRM Capital, ETV Capital, Giza Venture Capital, Jerusalem Venture
Partners, and Pacific Technology Fund.

For more information, visit www.altair-semi.com.

About Pacific Technology Fund
Pacific Technology Fund is a private equity firm specializing in buyout and
growth capital investments in established technology companies focused on the
Japanese market. PTF was founded with the mission of achieving superior
risk-adjusted returns by investing in Japan-centric companies with unrealized
potential for significant growth and profitability enhancement. PTF works
closely with leading Japanese private equity firms on a cooperative basis. In
addition, the firm provides strategic consulting services to technology
companies and investors in the semiconductor, telecommunications, automotive
and medical industries.

About ETV Capital

ETV Capital is Europe's leading provider of venture debt and structured
finance solutions for venture capital backed technology and healthcare
businesses. Founded in 1999, with a strong institutional backing from a global
syndicate, ETV has a long and successful track record of investing in
companies across Europe and Israel and has to-date invested in close to 150
technology companies. ETV has offices in London, Barcelona, Frankfurt and
Herzliya, Israel.

Media Contacts:
Dan Bingham / Todd Barrish
Dukas Public Relations
212-704-7385
Dan@dukaspr.com / Todd@dukaspr.com

Reader Contact Information
Ha'harash Street, P.O Box 7158, Hod Hasharon 45240 Israel
Tel: +972-9-7403045, Fax: +972-9-7403049
info@altair-semi.com
www.altair-semi.com

SOURCE Altair Semiconductor

Dan Bingham, Dan@dukaspr.com, or Todd Barrish, Todd@dukaspr.com, both of Dukas
Public Relations for Altair Semiconductor, +1-212-704-7385