Actions Semiconductor Introduces Second Generation Dual-Core OWL Series Chipset

ZHUHAI, China, Aug. 13, 2013 /PRNewswire/ -- 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 the introduction of its new ATM7021 chipset.

Actions' ATM7021 chipset is the second generation dual-core product which supports the Android^TM 4.2.2 Jelly Bean operating system. With the ARM® Cortex^TM dual-core CPU and powerful, world-class PowerVR GPU core from Imagination Technologies, the built-in full spec 1080p video encode and decode engine and 1080p HDMI Tx integration, ATM7021 brings advanced performance and multimedia capabilities to entry level tablets. Also, the unique LPD Gen. II architecture in ATM7021 provides for longer battery life.

"Actions Semiconductor is pleased to announce the new ATM7021 chipset, our second generation dual-core product. Our product roadmap for the OWL chipset family addresses the needs of each segment of the tablet market, and this latest addition further expands our market position in the mobile Internet enabled multimedia segment," stated Dr. Zhenyu Zhou, CEO of Actions Semiconductor.

"We expect dual-core SoC to dominate the entry level whitebox tablet market in the near future, and ATM7021 offers a powerful, world class GPU at a very compelling price point. We are excited about the opportunities for ATM7021 to rapidly gain share at the expense of single-core CPU based SoC, and expect it to make a meaningful contribution to revenue once sales ramp up in the fourth quarter of this year," concluded Dr. Zhou.

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. Actions Semiconductor 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 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 Shanghai 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. Such forward-looking statements include statements concerning penetration of new products in the whitebox tablet market, anticipated revenue contribution of new products, expectations that dual-core processors will dominate the market and Actions Semiconductor's belief that it is positioned to capture some upside from these trends. 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 may cause Actions Semiconductor's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, 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 most recently filed Forms F-1, 20-F and 6-Ks. Other unknown or unpredictable factors also could have material adverse effects on Actions Semiconductor's future results, performance or achievements. 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.

SOURCE Actions Semiconductor Co., Ltd.