Vimicro Extends Positioning In TD-SCDMA Market
BEIJING, Nov. 22, 2010 /PRNewswire-Asia-FirstCall/ -- Vimicro International Corporation (Nasdaq: VIMC), a leading multimedia semiconductor and solution provider, today announced that, through a major OEM customer, it provides the mobile multimedia co-processor for three of the selected handset models in the recent TD-SCDMA handset tender from China Mobile.
Vimicro mobile multimedia co-processors offer a rich suite of multimedia features including support for China Multimedia Mobile Broadcasting (CMMB) functionality and video conference capabilities.
"We are pleased that Vimicro's OEM customer won the largest share of China Mobile's recent TD-SCDMA handset procurement. We are committed to providing the most advanced technology at low cost to our OEM customers. It will help promote end users' adoption of the TD-SCDMA 3G services offered by China Mobile among cost conscious consumers," said Dr. John Deng, Vimicro's Chairman and Chief Executive Officer.About Vimicro International Corporation Vimicro International Corporation is a leading multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable multimedia capabilities in a variety of products for the consumer electronics and communications markets. Vimicro is also expanding business into the surveillance market with system-level solutions and semiconductor products. Vimicro's ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ Global Market under the ticker symbol "VIMC." Forward-Looking Statements This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, any assurances or implications that Vimicro will secure orders from its OEM customer now or in the future as part of this handset tender, as well as Vimicro's expectations and forecasts, contain forward-looking statements. Vimicro may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vimicro's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the company's ability to develop and sell new mobile multimedia products; the expected growth of the mobile multimedia market; the company's ability to increase sales of notebook camera multimedia processors; the company's ability to retain existing customers and acquire new customers and respond to competitive market conditions; the company's ability to respond in a timely manner to the evolving multimedia market and changing consumer preferences and industry standards and to stay abreast of technological changes; the company's ability to secure sufficient foundry capacity in a timely manner; the company's ability to effectively protect its intellectual property and the risk that it may infringe on the intellectual property of others; and cyclicality of the semiconductor industry. Further information regarding these and other risks is included in Vimicro's annual report on Form 20-F filed with the Securities and Exchange Commission. Vimicro does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date hereof, and Vimicro undertakes no duty to update such information, except as required under applicable law.
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