PMC Appoints CTO

SANTA CLARA, Calif. -- PMC-Sierra, Inc. (Nasdaq:PMCS) today announced that Dr. Robert Yung has been appointed to the position of Chief Technology Officer of the company. Dr. Yung was most recently a Founder and Partner at GSR Ventures, an early-stage private equity technology fund focusing on semiconductor design, wireless and Internet services in China and the USA. Prior to founding GSR Ventures, Dr. Yung held various CTO positions within Intel Corporation, the most recent being Chief Technology Officer, Enterprise Processors. Prior to joining Intel, Dr. Yung was the Chief Technology Officer for Sun Microsystems in Asia.

"Robert's extensive technology expertise and strong industry relationships will be valuable to PMC-Sierra as we continue to invest in exciting new areas such as wireless, storage and broadband communications," said Bob Bailey, chairman and CEO of PMC-Sierra.

In 2002, Dr. Yung was named to the National Committee of US-China Relation's Fellow during the inaugural Young Leader Forum. In 2000, he was named to the World Economic Forum's "Top 100 Global Leaders for Tomorrow", in Davos, Switzerland. Dr. Yung earned his BA, MS and PhD degrees in electrical engineering and computer science at the University of California at Berkeley. He is the inventor of 70 issued and over 20 pending patents, and has published over 50 technical articles in journals and at industry conferences.

PMC-Sierra Inc.