Exhibit 99.1

Diodes Incorporated Reports Second Quarter 2008 Financial Results

Achieves Record Revenue and Record Gross Profit

Dallas, Texas – August 7, 2008 — Diodes Incorporated (NASDAQ:DIOD), a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete and analog semiconductor markets, today reported financial results for the second quarter ended June 30, 2008. Diodes’ second quarter financials include one month of financial results from Zetex plc following the successful June completion of the acquisition.

Financial and Business Highlights:

• Revenue increased 20.5 percent over the prior year period and 21.4 percent sequentially to a record $116.0 million;

• Gross profit increased 29.1 percent over the same period last year and 24.1 percent sequentially to $39.6 million;

• Gross margin increased 220 basis points over the prior year period and 70 basis points sequentially to 34.1 percent;

• Achieved adjusted net income of $15.0 million, or $0.35 per share; and

• Completed the acquisition of Zetex.

Revenue for the second quarter of 2008 increased 20.5 percent to $116.0 million as compared to $96.3 million reported in the second quarter of 2007, and increased 21.4 percent when compared to $95.6 million reported in the first quarter of 2008.

Gross profit for the second quarter of 2008 increased 29.1 percent to $39.6 million, or 34.1 percent of revenue, compared to $30.7 million, or 31.9 percent of revenue, in the prior year quarter and $31.9 million, or 33.4 percent of revenue, in the first quarter of 2008.

Commenting on the quarter, Dr. Keh-Shew Lu, President and CEO of Diodes Incorporated, said, “I am pleased to report strong quarterly financial results, including record revenue at the high end of our guidance and a 24 percent sequential increase in gross profit. The growth achieved in the quarter resulted from strength in our core business, particularly in Asia, combined with the one-month contribution from the Zetex acquisition. We achieved these results despite the continued weakening of the global economic environment and are confident in our ability to achieve growth rates that consistently exceed those of the industry.”

Dr. Lu further commented, “In terms of the acquisition, our integration efforts are well underway with significant progress made in aligning and integrating the sales and distribution channels across all geographies. Zetex was accretive on an operational basis in the month of June, and we are well positioned to accelerate our growth through the extensive synergies and cross-selling opportunities of the combined companies, while capitalizing on the cost savings and operational benefits.”

Second quarter net income, which included a one-time, $1.5 million non-cash currency hedge loss related to the Zetex acquisition, was $13.1 million, or $0.31 per diluted share, compared to $12.2 million, or $0.29 per share, in the second quarter of 2007 and $14.2 million, or $0.33 per share, in the first quarter of 2008.

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Adjusted net income for the second quarter of 2008, which excluded $1.2 million of SFAS 123R stock option expenses and the one-time non-cash currency hedge loss, was $15.0 million, or $0.35 per diluted share.

As of June 30, 2008, Diodes had approximately $86.1 million in cash, $294.7 million in long-term investments, $196.7 million in working capital, $400 million in long-term debt (including the convertible notes) and unused and available credit facilities of $49.5 million.

Business Outlook

Dr. Lu concluded, “As we look to the third quarter of 2008, we expect revenue to increase to between $134 million and $142 million. Included in the total revenue guidance is the expectation of approximately $27 million to $33 million of revenue associated with the Zetex acquisition. Additionally, we expect the overall gross profit to grow 13 percent to 20 percent from the second quarter. Because of the one-month contribution of the acquisition of Zetex in the second quarter, we are providing more detailed guidance for the third quarter only. Future guidance will not include the same amount of detail or a breakout of the Zetex results, since Zetex’s operations will become an integrated part of our business.”

The Company is in the process of obtaining third-party valuations per SFAS 141 for many of the assets and liabilities acquired. Therefore, the fair market value adjustments and corresponding depreciation and amortization are not being provided in this guidance. The adjustments to fair market value and corresponding depreciation and amortization may include, but are not limited to, valuations of inventories and property, plant and equipment, as well as valuation models for identifiable intangible assets.

When the purchase price valuation is complete the Company may revise its third quarter guidance to include the fair market value adjustments and corresponding depreciation and amortization charges to the financial statements. These purchase accounting rules should have no impact to the Company’s ongoing free cash flow but will affect U.S. GAAP gross margins and net income in future periods.

The following table provides the details of the third-quarter GAAP guidance excluding the purchase price valuation impact:

Revenue growth	15% to 22%
Gross profit growth	13% to 20%
SG&A, % of revenue	15.0% to 15.5%
R&D, % of revenue	5.0% to 5.5%
Other expense, net	$2.0 to $2.8 million
Tax rate	16.0% to 17.0%
Fully diluted share count	43.0 to 43.4 million

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Conference Call

Diodes will host a conference call on Thursday, August 7, 2008 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss its second quarter 2008 financial results. Investors and analysts may join the conference call by dialing 1-888-713-4214 and providing the confirmation code 24472970. International callers may join the teleconference by dialing 1-617-213-4866. A telephone replay of the call will be available approximately two hours after the call and will be available until August 11, 2008 at midnight Pacific Time. The replay number is 1-888-286-8010 with a pass code of 18588755. International callers should dial 1-617-801-6888 and enter the same pass code at the prompt. Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the Investor section of Diodes’ website at http://www.diodes.com. To listen to the live call, please go to the Investor section of Diodes website and click on the Conference Call link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Diodes’ website for approximately 60 days.

About Diodes Incorporated

Diodes Incorporated (Nasdaq: DIOD), an S&P SmallCap 600 and Russell 3000 Index company, is a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete and analog semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. Diodes’ products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, amplifiers and comparators, Hall-effect sensors and temperature sensors, power management devices including LED drivers, DC-DC switching, regulators, linear voltage regulators and voltage reference along with special function devices including USB power switch, load switch, voltage supervisor and motor controllers. The Company has its corporate offices in Dallas, Texas, with a sales, marketing, engineering and logistics office in Southern California; design centers in Dallas, San Jose, Taipei, England and Germany; wafer fabrication facilities in Kansas City, Missouri and Manchester, England; two manufacturing facilities in Shanghai, China, one in Neuhaus, Germany and a joint venture facility in Chengdu, China; engineering, sales, warehouse and logistics offices in Taipei, Hong Kong and Manchester, England, and sales and support offices throughout the world. For further information, including SEC filings, visit the Company’s website at http://www.diodes.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such statements include statements regarding our expectation that: we are confident in our ability to achieve growth rates that consistently exceed those of the industry; we are well positioned to accelerate our growth through the extensive synergies and cross-selling opportunities of the combined companies while capitalizing on the cost savings and operational benefits; we expect revenue to increase in the third quarter to between $134 million and $142 million; we expect to include approximately $27 million to $33 million of revenue associated with the Zetex acquisition in our total revenue guidance; we expect our overall gross profit to grow 13 percent to 20 percent from the second quarter; the adjustments to fair market value and corresponding depreciation and amortization may include, but are not limited to, valuations of inventories and property, plant and equipment, as well as valuation models for identifiable intangible assets; and we expect that purchase accounting rules should have no impact to our ongoing free cash flow but will affect U.S. GAAP gross margins and net income in the future periods. Potential risks and uncertainties include, but are not limited to, such factors as the Company’s business strategy, the introduction and market reception to new product announcements, fluctuations in product demand and supply, prospects for the U.S. and global economy; the continue introduction of new products, the Company’s ability to maintain customer and vendor relationships, technological advancements, impact of competitive products and pricing, growth in targeted markets, successful integration of acquired companies and/or assets, the Company’s ability to successfully make additional acquisitions, risks of domestic and foreign operations, uncertainties in the Auction Rate Securities market; currency exchange rates; availability of tax credits, and other information detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission.

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Recent news releases, annual reports, and SEC filings are available at the Company’s website: http://www.diodes.com. Written requests may be sent directly to the Company, or they may be e-mailed to: diodes-fin@diodes.com.

Company Contact:	Investor Contact:
Carl Wertz	Leanne Sievers
Chief Financial Officer	EVP, IR
Diodes, Inc.	Shelton Group
(805) 446-4800	(949) 224-3874
carl_wertz@diodes.com	lsievers@sheltongroup.com

CONSOLIDATED CONDENSED INCOME STATEMENT and BALANCE SHEET FOLLOW

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DIODES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(in thousands, except per share data)
(unaudited)

	Three months ended						Six months ended
	June 30,						June 30,
	2007			2008			2007			2008
Net sales	$	96,283		$	116,018		$	188,303		$	211,598
Cost of goods sold		65,605			76,400			128,102			140,064
Gross profit		30,678			39,618			60,201			71,534
Selling, general and administrative expenses		13,397			17,127			26,075			31,786
Research and development expenses		3,156			4,994			6,100			8,730
Gain on disposal of fixed assets		1,770			—			1,770			(45	)
Total operating expenses		18,323			22,121			33,946			40,471
Income from operations		12,355			17,497			26,255			31,063
Other income (expense)
Interest income		4,285			2,554			8,320			8,002
Interest expense		(1,696	)		(2,285	)		(3,421	)		(3,983	)
Other		72			(1,202	)		(56	)		(1,496	)
		2,661			(933	)		4,843			2,523
Income before income taxes and minority interest		15,016			16,564			31,098			33,586
Income tax provision		(2,221	)		(2,781	)		(4,879	)		(4,996	)
Income before minority interest		12,795			13,783			26,219			28,590
Minority interest in joint venture earnings		(546	)		(675	)		(961	)		(1,279	)
Net income	$	12,249		$	13,108		$	25,258		$	27,311
Earnings per share
Basic	$	0.31		$	0.32		$	0.64		$	0.68
Diluted	$	0.29		$	0.31		$	0.60		$	0.64
Number of shares used in computation
Basic		39,397			40,616			39,220			40,431
Diluted		42,023			42,843			41,897			42,695

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DIODES INCORPORATED AND SUBSIDIARIES

CONSOLIDATED RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME
(in thousands, except per share data)
(unaudited)

ADJUSTED NET INCOME

This measure consists of generally accepted accounting principles, or GAAP, net income, which is then adjusted solely for the purpose of adjusting for non-cash share-based compensation expense and restructuring costs.  Excluding the non-cash share-based compensation expense and the restructuring costs adjustments provides investors with a better depiction of the Company’s operating results and provides a more informed baseline for modeling future earnings expectations.  We recommend a review of net income on both a non-GAAP basis and GAAP basis be performed to get a comprehensive view of our results.  We provide a reconciliation of adjusted net income to GAAP net income below.

ADJUSTED EARNINGS PER SHARE

This non-GAAP financial measure is the portion of the Company’s GAAP net income assigned to each share of stock, excluding non-cash share-based compensation expense and restructuring costs.  Excluding the non-cash share-based compensation expense and the restructuring costs adjustments provides a more informed baseline for modeling future earnings expectations.  We recommend a review of diluted EPS on both a non-GAAP basis and GAAP basis be performed to get a comprehensive view of our results.  Information on how these share calculations are made is below.

	Three months ended				Six months ended
	June 30,				June 30,
	2007		2008		2007		2008
Net income (Per-GAAP)	$	12,249	$	13,108	$	25,258	$	27,311
Adjustments to reconcile net income to adjusted net income:
Stock option expense included in cost of goods sold:		78		52		160		105
Stock option expense included in selling and general administrative expenses:		1,205		1,072		2,508		2,151
Stock option expense included in research and development expenses:		118		110		243		211
Total stock option expense		1,402		1,234		2,911		2,467
Restructuring costs		1,770		—		1,770		—
Other adjustments		55		1,540		95		1,540
Income tax benefit related to stock option expense, restructuring costs and other adjustments		479		874		828		1,174
Adjusted net income (Non-GAAP)	$	14,997	$	15,008	$	29,206	$	30,144
Diluted shares used in computing earnings per share		42,023		42,843		41,897		42,695
Incremental shares considered to be outstanding:		847		558		898		546
Adjusted diluted shares used in computing Adjusted earnings per share		42,870		43,402		42,795		43,241
Adjusted earnings per share (Non-GAAP)
Basic	$	0.38	$	0.37	$	0.74	$	0.75
Diluted	$	0.35	$	0.35	$	0.68	$	0.70

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DIODES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED RECONCILIATION OF NET INCOME TO EBITDA

EBITDA represents earnings before net interest expense, income tax provision, depreciation and amortization. Our management believes EBITDA is useful to investors because it is frequently used by securities analysts, investors and other interested parties in evaluating companies in our industry. In addition, our management believes that EBITDA is useful in evaluating our operating performance compared to that of other companies in our industry because the calculation of EBITDA generally eliminates the effects of financing and income taxes and the accounting effects of capital spending, which items may vary for different companies for reasons unrelated to overall operating performance. As a result, our management uses EBITDA as a measure to evaluate the performance of our business. However, EBITDA is not a recognized measurement under generally accepted accounting principles, or GAAP, and when analyzing our operating performance, investors should use EBITDA in addition to, and not as an alternative for, income from operations and net income, each as determined in accordance with GAAP. Because not all companies use identical calculations, our presentation of EBITDA may not be comparable to similarly titled measures of other companies. Furthermore, EBITDA is not intended to be a measure of free cash flow for our management’s discretionary use, as it does not consider certain cash requirements such as a tax and debt service payments.

     The following table provides a reconciliation of net income to EBITDA (in thousands, unaudited):

	Three Months Ended
	June 30,
	2007			2008
Net Income (Per-GAAP)	$	12,249		$	13,108
Plus:
Interest expense (income), net		(2,590	)		(269	)
Income tax provision		2,221			2,781
Depreciation and amortization		6,424			9,275
EBITDA (Non-GAAP)	$	18,304		$	24,895

	Six Months Ended
	June 30,
	2007			2008
Net Income (Per-GAAP)	$	25,258		$	27,311
Plus:
Interest expense (income), net		(4,900	)		(4,019	)
Income tax provision		4,879			4,996
Depreciation and amortization		12,396			16,931
EBITDA (Non-GAAP)	$	37,633		$	45,219

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DIODES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS

ASSETS
(in thousands, except share data)

	December 31,			June 30,
	2007			2008
				(unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	56,179		$	86,132
Short-term investments		323,472			—
Total cash and short-term investments		379,651			86,132
Accounts receivable
Customers		84,638			108,556
Related parties		5,405			3,994
		90,043			112,550
Less: Allowance for doubtful receivables		(465	)		(616	)
		89,578			111,934
Inventories		53,031			101,649
Deferred income taxes, current		5,174			6,620
Prepaid expenses and other current assets		10,576			15,088
Total current assets		538,010			321,423
LONG TERM INVESTMENT, available-for-sale securities		—			294,653
PROPERTY, PLANT AND EQUIPMENT, at cost, net of accumulated depreciation and amortization		123,407			183,415
DEFERRED INCOME TAXES, non current		3,241			17,626
OTHER ASSETS
Intangible assets		9,643			17,418
Goodwill		25,135			112,324
Other		6,929			7,718
TOTAL ASSETS	$	706,365		$	954,577

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DIODES INCORPORATED AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS

LIABILITIES AND STOCKHOLDERS’ EQUITY
(in thousands, except share data)

	December 31,		June 30,
	2007		2008
			(unaudited)
CURRENT LIABILITIES
Line of credit	$	—	$	16,520
Accounts payable
Trade		42,010		44,698
Related parties		13,135		13,725
Accrued liabilities		27,841		41,541
Income tax payable		1,732		6,418
Long-term debt, current portion		1,345		1,365
Capital lease obligations, current portion		145		449
Total current liabilities		86,208		124,716
LONG-TERM DEBT, net of current portion
2.25% convertible senior notes due 2026		230,000		230,000
Others		5,815		170,038
CAPITAL LEASE OBLIGATIONS, net of current portion		1,331		2,352
OTHER LONG-TERM LIABILITIES		6,249		35,793
Total liabilities		329,603		562,899
MINORITY INTEREST IN JOINT VENTURES		7,164		8,448
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock — par value $1.00 per share; 1,000,000 shares authorized; no shares issued and outstanding		—		—
Common stock — par value $0.66 2/3 per share; 70,000,000 shares authorized; 40,172,491 and 40,838,821 shares issued and outstanding at December 31, 2007 and June 30, 2008, respectively		26,782		27,226
Additional paid-in capital		121,412		127,248
Retained earnings		220,504		247,814
Accumulated other comprehensive gain (loss)		900		(19,058	)
Total stockholders’ equity		369,598		383,230
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	706,365	$	954,577

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