Actions Semiconductor Extends Commitment to MIPS(R) Architecture; Recently Sampled MIPS-Based(TM) Series 13 Products
MOUNTAIN VIEW, Calif. -- March 26, 2007 -- MIPS Technologies, Inc., (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, today announced that Actions Semiconductor Co. Ltd., one of China's leading fabless semiconductor companies, has licensed the MIPS32(R) 24KEc(TM) Pro core to develop next-generation SoCs for portable, digital multimedia applications. Earlier this year, Actions announced the company began shipping samples of its new MIPS-Based(TM) Series 13 product family- featuring the 4KEc(R) core-to customers for evaluation.
Research firm iSuppli predicts that the Portable Media Player (PMP)/MP3 player market will grow to 268.6 million units in 2011, rising at a Compound Annual Growth Rate (CAGR) of 5.5 percent from 216.9 million units in 2007.
"We were looking for a solution which will enable us to deliver the best and most flexible PMP entertainment platform in the world, and leveraging the flexibility, high performance and low power consumption of the 24KEc Pro core has allowed Actions to do just that," said Saho Chuan Lee, CTO of Actions Semiconductor. "This will form the basis of our new Series 13 product family which will enable us to deliver a whole new platform- allowing everybody to enjoy multimedia content anytime, anywhere."
"Actions Semiconductor's demonstrated expertise in portable multimedia product development and significant global market share has propelled them into a leadership position among China's semiconductor companies - and we're delighted that our cores have been integral to that success," said Brad Holtzinger, vice president of worldwide sales for MIPS Technologies. "We look forward to growing our relationship and extending MIPS Technologies' market presence in China and worldwide."
MIPS Technologies offers SoC designers a tailored solution for high- performance, low-power, cost-effective consumer applications. The high performance 24KE(TM) cores incorporate efficient DSP capability, while significantly reducing overall SoC die area, cost, and power consumption and improving signal processing performance. Leveraging the CorExtend(TM) capability of MIPS Technologies' Pro Series(R) cores, development teams can add their own user defined instructions and functionality to their MIPS-Based SoCs, lowering development costs and accelerating their time-to-market.
About Actions Semiconductor Co. Ltd.
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and references to 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.
About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications. The company drives the broadest architectural alliance that delivers 32- and 64-bit embedded RISC solutions to the embedded market, and in combination with its licensees, offers the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products worldwide. MIPS Technologies licenses its intellectual property (IP) to today's leading semiconductor companies, ASIC developers and system OEMs.
Today, MIPS-Based designs are integrated in millions of products around the world, including broadband devices from Linksys, digital cameras from Canon, DTVs and entertainment systems from Sony, DVD Recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco and laser printers from Hewlett- Packard. Founded in 1998, MIPS Technologies is based in Mountain View, California, with offices worldwide. For more information, please contact (650) 567-5000 or visit http://www.mips.com.