ZHUHAI, China, October 21, 2014 –Actions Semiconductor® Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced that it debuted its latest innovative 28nm process based quad-core application processor offering for the tablet and OTT set-top box marketsat Global Sources’ China Sourcing Fair – Electronics & Components heldOctober 11 - 14 at the Asia World-Expo in Hong Kong.
The latest application processor is a 28nm process enhancement of its 40nm process twin, the ATM7039, announced in September 2013. Initially, Actions will offer two solutions, the ATM7039s, which is pin to pin compatible with its predecessor, theATM7039c (40nm version), along with a more compact and efficient version, theATM7059. Like theirpredecessor, the ATM7039s and the ATM7059 feature a quad-core ARM® CortexTM A9 CPU, high performance, world-class PowerVR GPU core from Imagination Technologies, 2K by 4K super high resolution decoding including support of the newest international standard—high definition HVEC/H.265 video decoding.
However, the new application processor employs 28nm LP process technology instead of 40nm and Actions’ fourth generation low power design achieving 1.6GhZ single CPU speed with much lower power consumption and die cost. The new member of OWL series family bringsa greatly improved user experience, enhanced processing speed, longer battery life and will support the upcoming AndroidLollipop operating system. Targeted directly at low and mid-tier, high volume Android® tablet manufacturers, it is a highly attractive and cost-effective solution across the board in mainstream tablet design, OTT set-top boxes, smart monitors, ultrabooks, digital signage, and other cloud-connected devices.
"We are excited about the response the newest addition to our OWL Series family of chipsets received at the China Sourcing Fair, one of the most high profile tradeshows in the consumer electronics industry. Featuring 28nm process technology, the ATM7059 and the ATM7039s balance high CPU performance and functionality with our innovative, low power architecture to provide users with a great user experience on low price tabletsand OTT set-top boxes at very attractive performance-to-price and performance-to-power ratios. We expect wide adoption of the ATM7059 and the ATM7039s by manufacturers of branded and whitebox tablets, OTT set-top boxes and other cloud connected devices in 2015 and beyond," said Dr. Zhenyu Zhou, CEO of Actions Semiconductor.
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile Internet system-on-a-chip (SoC) solutions for portable consumer electronics. The company’s products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components. Actions Semiconductor also provides total product and technology solutions. This allows customers to quickly launch portable consumer electronics to market in a cost effective way. The Company is headquartered in Zhuhai, China, with offices in Shanghai, Shenzhen, Hong Kong and Taipei. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.
"SafeHarbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements relating to the anticipated adoption of the ATM7059 and the ATM7039s by manufacturers of branded and whitebox tablets, OTT set-top boxes and other cloud connected devices. Actions Semiconductor uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are estimates reflecting current assumptions, expectations and projections about future events and involve significant risks, both known and unknown, uncertainties and other factors that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement. The risks and uncertainties referred to above include, but are not limited to, the number of shares tendered by Security holders, the Company's proposed cash requirements and future prospects and results of operations, and current market and economic conditions, as well as such other factors described in the Company's filings with the SEC. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, Actions Semiconductor undertakes no obligation and does not intend to update or revise any forward-looking statement to reflect subsequent events or changed assumptions or circumstances.
Elaine Ketchmere, CFA