SAN DIEGO -- Applied Micro Circuits Corporation (Nasdaq: AMCC) today announced that the company's Chairman of the Board, President and Chief Executive Officer, David M. Rickey has provided to the company's Board of Directors notice of his intention to resign all of his positions with the company effective August 25, 2005. The Board of Directors has commenced a search for his successor.

"I have been honored to be part of AMCC for more than 8 years. This is a great company," stated Mr. Rickey. "I am leaving to spend more time with my family, but intend to remain with AMCC and work with the other members of the Board of Directors toward a smooth transition."

Rickey served as AMCC's Vice President of Operations from August 1993 until May 1995 when he left to become the Vice President of Operations at NextGen. He re-joined AMCC as President and Chief Executive Officer in February 1996 at which time he was also elected a Director of the company. In August 2000, Rickey was appointed Chairman of the Board. Under Rickey's leadership, AMCC completed its initial public offering, two follow-on offerings and a number of acquisitions.

Applied Micro Circuits Corp. (AMCC)