AMIS Holdings, Inc. Reports Second Quarter 2006 Financial Results; Revenue Increased 9% Sequentially, Surpassing $150 Million for the First Time; Six Month Backlog Increased 9% Sequentially to a Record $184 Million

                         AMIS Holdings, Inc.
                Condensed Consolidated Balance Sheets
                            (In Millions)

                                               July 1,    December 31,
                                                2006         2005
                                             (unaudited)
                                             ------------ ------------
Assets
------
Current assets:
    Cash and cash equivalents                     $108.5        $96.7
    Accounts receivable, net                       110.2         99.9
    Inventories                                     76.0         64.3
    Deferred tax assets                              3.5          4.5
    Prepaid expenses and other current assets       28.8         31.7
                                             ------------ ------------
Total current assets                               327.0        297.1

Property, plant and equipment, net                 203.5        203.8
Goodwill, net                                       85.0         72.6
Other intangibles, net                              88.5         92.5
Deferred tax assets                                 54.4         50.3
Other long-term assets                              20.0         23.4
                                             ------------ ------------

Total assets                                      $778.4       $739.7
                                             ============ ============

Liabilities and Stockholders' Equity
Current liabilities:
    Current portion of long-term debt               $3.2         $3.2
    Accounts payable                                45.0         48.8
    Accrued expenses                                60.9         62.7
    Foreign deferred tax liability                   1.9          2.7
    Income taxes payable                             1.3          0.7
                                             ------------ ------------
Total current liabilities                          112.3        118.1

Long-term debt, less current portion               313.1        314.7
Other long-term liabilities                          5.6          8.2
                                             ------------ ------------
Total liabilities                                  431.0        441.0

Stockholder's equity:
Common stock                                         0.9          0.9
Additional paid-in capital                         548.3        534.4
Accumulated deficit                               (233.5)      (250.0)
Deferred stock-based compensation                      -                 (0.2)
Accumulated  other  comprehensive  income                            31.7                  13.6
                                                                                          ------------  ------------
Total  stockholders'  equity                                                  347.4                298.7

Total  liabilities  and  stockholders'  equity                $778.4              $739.7
                                                                                          ============  ============

                                                  AMIS  Holdings,  Inc.
                      Condensed  Consolidated  Statements  of  Cash  Flows
                                                        (In  Millions)

                                                                                                  Six  Months  Ended:
                                                                                            ------------------------
                                                                                                July  1,            July  2,
                                                                                                  2006                  2005
                                                                                            (unaudited)    (unaudited)
                                                                                            ------------  -----------

Cash  flows  from  operating  activities
Net  income                                                                                  $16.5                  $0.2
  Adjustments  to  reconcile  net  income  to  net
    cash  provided  by  (used  in):
      Depreciation  and  amortization                                        33.0                  24.0
      Amortization  of  deferred  financing  costs                    0.4                    0.5
      Stock-based  compensation  expense                                    3.9                    0.2
      Write-off  of  deferred  financing  costs                              -                    6.7
      Benefit  from  deferred  income  taxes                              (2.2)              (10.3)
      Loss  on  disposition  of  property,  plant  and
        equipment                                                                                0.1                        -
      Noncash  impact  of  change  in  value  of
        derivative                                                                            (0.7)                      -
      Changes  in  operating  assets  and
        liabilities:
                Accounts  receivable                                                  (6.7)                (3.5)
                Inventories                                                                  (8.8)                (4.4)
                Prepaid  expenses  and  other  assets                        1.5                  (2.1)
                Accounts  payable  and  other  accrued
                  expenses                                                                      (9.7)              (19.6)
                                                                                            -----------    -----------
Net  cash  provided  by  (used  in)  operating
  activities                                                                                  27.3                  (8.3)
Cash  flows  from  investing  activities
  Purchases  of  property,  plant  and  equipment                (17.6)              (14.1)
  Deposit  on  pending  purchase  of  a  business                          -                  (5.0)
  Change  in  restricted  cash                                                          -                  (1.4)
  Change  in  other  assets                                                          (2.0)                (5.0)
                                                                                            -----------    -----------
Net  cash  used  in  investing  activities                            (19.6)              (25.5)
Cash  flows  from  financing  activities
  Payments  on  long-term  debt                                                  (1.6)            (254.0)
  Proceeds  from  bank  borrowings                                                  -                210.0
  Debt  issuance  costs                                                                (0.1)                      -
  Deferred  financing  costs                                                            -                  (2.9)
          Proceeds  from  derivative                                                0.6                        -
  Proceeds  from  exercise  of  stock  options                          1.4                    2.1
                                                                                            -----------    -----------
Net  cash  provided  by  (used  in)  financing
  activities                                                                                    0.3                (44.8)

Effect  of  exchange  rate  changes  on  cash  and
  cash  equivalents                                                                        3.8                  (7.3)
                                                                                            -----------    -----------
Net  increase  (decrease)  in  cash  and  cash
  equivalents                                                                                11.8                (85.9)
Cash  and  cash  equivalents  at  beginning  of
  period                                                                                          96.7                161.7
                                                                                            -----------    -----------
Cash  and  cash  equivalents  at  end  of  period                $108.5                $75.8
                                                                                            ===========    ===========
 





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