ZHUHAI, China -- March 23, 2006
-- Actions Semiconductor Co., Ltd., one of China's leading fabless semiconductor companies that provides comprehensive, mixed-signal, system-on-a-chip and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced that it will adopt a business licensing model for its power meter product line.
The power meter business unit of Actions was established in 2002, and currently accounts for a small percentage of total revenue. This new licensing model should enable the Company to better focus its efforts on the Company's core business of system-on-a-chip ICs and solutions for the portable consumer electronics market. Actions will license its power meter related technology to a technology partner in exchange for royalty fees.
"We will concentrate on our core business of consumer electronics IC and solutions," commented Shao-chuan Li, CTO of Actions Semiconductor. "Our power meter business not only accounts for a small percentage of our total revenue, but it is quite different from our principal line of business in consumer products in terms of customers and value proposition. As the multimedia market continues to grow at a demanding pace, we intend to focus our efforts on the fastest growing areas where we can leverage our expertise in SoC and multimedia DSP solutions," concluded Mr. Li.
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for the design, development and manufacture of portable consumer electronics. Actions Semiconductor's products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing and Shenzen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.