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Actions Semiconductor Recognized by China Ministry of Information Industry

2006-12-22 11:48 1674

ATJ 2097 Selected as 'China Chip With Best Market Performance'

ZHUHAI, China, Dec. 21 /Xinhua-PRNewswire/ -- Actions Semiconductor Co.,

Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies,

today announced that one of its mainstream products, the ATJ 2097, was

selected by the Ministry of Information Industry ("MII") of the People's

Republic of China as the "China Chip with Best Market Performance in 2006."

The selection of "China Chips" was initiated by MII to recognize

innovation and technological development in the industry. Based on a survey of

market performance and semiconductor experts' reviews and recommendations, the

MII granted awards at a ceremony in Beijing on December 12, 2006.

Mr. Alex Deng, Senior Vice President of Actions Semiconductor accepted the

"China Chip with Best Market Performance in 2006" award on the company's

behalf, commenting, "China Chips recognition is very influential in the

Chinese semiconductor industry, and this award signifies an acknowledgment of

our company's commitment to innovation. We are honored to receive this award

and believe it recognizes Actions' achievements in technology and marketing.

We will uphold this commitment to innovation and continue to strive to deliver

better and more China Chips worldwide in the future."

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 .

"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.
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