omniture

Actions Semiconductor Enters Into a Distributor Agreement With WPI Group - the Leading Semiconductor Distributor in Asia

Actions Semiconductor Co., Ltd.
2006-11-28 09:44 2224

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.

Source: Actions Semiconductor Co., Ltd.
collection