ZHUHAI, China, Nov. 27 /Xinhua-PRNewswire/ -- Actions Semiconductor Co.,
Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies
that provides comprehensive mixed-signal system-on-a-chip solutions (SoC) for
portable consumer electronics, today announced that it has entered into a
distributor agreement, effective November 1, 2006, with World Peace Industrial
Group (WPI Group).
"We are pleased to announce this collaboration between two industry
leaders," said Nan-Horng Yeh, CEO of Actions Semiconductor. "We believe this
partnership will enable Actions to broaden its reach in the Asian market as
well as increase our business momentum in the targeted global markets.
Actions' shipments are expected to reach record levels of approximately 8
million units during the month of November, reaffirming the company's
leadership position and the PMP market's continued strong growth."
"As the largest distributor in Asia and the third largest globally, WPI
Group is always searching for strong relationships with strong partners in
China to deliver the best available products to our customers," commented Mike
Chang, CEO of WPI Group. "Actions' SoC solutions offer an unique competitive
advantage in the market with their cutting edge technology, open platform,
total solution approach, and unbeatable price-to-performance ratio. Their high
level of customer service and engineering resources are also very
complementary to our value-added services. We are expecting to expand the
business into mobile, video and consumer application which is based on the MP3
SoC platform to the potential market, especially China," concluded Ken Hsu,
CSO of WPI Group.
About Actions Semiconductor
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 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 Shenzhen. For more information, please visit the
Actions Semiconductor website at http://www.actions-semi.com .
About WPI Group
Established in 1980, World Peace Industrial Group or WPI Group is the
largest semiconductor distributor in Asia. Headquartered in Taipei, Taiwan,
WPI Group has over 20 sales offices in the Greater China and Asia Pacific
region including: Hong Kong, China, Singapore, Malaysia, Thailand,
Philippines, and India, forming a solid and complete Asia-Pacific service
network.
As a supply channel partner, WPI Group carries over 70 international brand
names including Intel, TI, NXP, Vishay, and Hynix. WPI Group offers a
comprehensive range of components, spanning semiconductors, interconnect,
passive and electronic mechanical components, and computer products, all
provided with the convenience of one-stop shopping. Recognizing the needs of
the growing number of international customers extending their operations to
the Asia-Pacific region, WPI Group has built up an extensive resource network
which provides flexible support services to the industrial supply chain, both
vertically and horizontally. For more information, please visit WPI Group
Website: www.WPI-group.com
WPG Holdings Limited (WPG), as Asia's No. 1 Electronics Distributor, was
founded on November 9, 2005 and, on the same day, publicly listed on the
Taiwan Stock Exchange under the TSE code: 3702. WPG, established through the
merging of three leading semiconductor distributors in Asia (WPI, SAC, and
RichPower), serves as a franchise partner for over 100 world-wide brands. With
over 30 sales offices around Greater China and Asia Pacific region, WPG
achieved sales of over US$3.6 billion in 2005. In November 2006, WPG has
reached its first anniversary. To fully achieve the common vision of "Asia's
No.1 Electronics Distributor", it is ever more critical to take the WPG
"Shared Values" in Teamwork!! Integrity!! Professionalism!! Effectiveness!!
into action. For more information, please visit WPG Holdings Website:
www.WPGholdings.com
"Safe Harbor" 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. Forward-looking statements, including financial
projections and forecasts, involve risks and uncertainties that could cause
Actions Semiconductor's actual results to differ materially from our current
expectations. Factors that could cause Actions Semiconductor's results to
differ materially from those set forth in these forward-looking statements
include customers' cancellation or modification of their orders; our failure
to accurately forecast demand for our products; the loss of, or a significant
reduction in orders from, any of our significant customers; fluctuations in
our operating results; our inability to develop and sell new products; defects
in or failures of our products; the expense and uncertainty involved in our
customer design-win efforts; the financial viability of the distributors of
our products; consumer demand; worldwide economic and political conditions;
fluctuations in our costs to manufacture our products; our reliance on third
parties to manufacture, test, assemble and ship our products; our ability to
retain and attract key personnel; our ability to compete with our competitors;
and our ability to protect our intellectual property rights and not infringe
the intellectual property rights of others. Other factors that may cause our
actual results to differ from those set forth in the forward-looking
statements contained in this press release and that may affect our prospects
in general are described in our filings with the Securities and Exchange
Commission, including our Registration Statement on Form F-1 related to our
initial public offering and secondary offering. Actions Semiconductor
undertakes no obligation to update or revise forward-looking statements to
reflect subsequent events or changed assumptions or circumstances.