Actions Semiconductor's Tablet Chipsets Provide Advanced, Efficient Graphics with Imagination's PowerVR GPUs Companies extend close relationship for future-generation OWL chipsets

ZHUHAI, China and BARCELONA, Spain, Feb. 24, 2014 /PRNewswire/ -- Imagination Technologies (IMG.L) and Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies, are extending their collaboration in bringing advanced graphics to a range of Actions' OWL chipsets which are designed to address each segment of the tablet market. Actions is leveraging Imagination's PowerVR graphics in multiple generations of its OWL chipsets, including ATM7021, ATM7039 and ATM7029B, and will continue to use PowerVR for future generations.

Already reaching significant volume shipments following its release six months ago, Actions' ATM7021 chipset leverages a PowerVR SGX540 GPU, and brings advanced performance and multimedia capabilities to entry-level tablets. The company's high-performance ATM7039 chipset, featuring a PowerVR SGX544MP GPU and dual channel 64-bit DDR, offers a high level of performance for high-end Android tablets.

Actions' newest quad-core solution, the ATM7029B, features a PowerVR SGX540 GPU and supports Android 4.4. Built in MIPI, the ATM7029B offers an attractive price-to-performance ratio for the mid-range market. With PowerVR, Actions is using the industry's leading graphics processors that enable a powerful and flexible solution for all forms of multimedia processing. APIs such as OpenGL ES, OpenCL, RenderScript and FilterScript enable developers to unlock the enormous processing potential of both OpenGL ES graphics and GPU compute delivered by PowerVR IP cores.

Says Dr. Zhenyu Zhou, CEO, Actions Semiconductor, "We are winning significant new business for our innovative and cost-effective tablet chipsets with PowerVR based solutions. By partnering with Imagination Technologies to integrate their highly efficient, world-class PowerVR GPU cores in our OWL Series product family, we offer feature-rich solutions for each segment of the tablet market. We're pleased with the superior technological capability of PowerVR, as well as the great support we receive from Imagination."

Says David McBrien, executive vice president of sales and business development, Imagination, "We believe that leadership in graphics leads to leadership in end products. With high performance, low power consumption, small area and a broad developer base, PowerVR GPUs lead the market for embedded and mobile graphics. We are delighted that an innovative company like Actions is gaining increasing traction in the market with its PowerVR based solutions, and we are working closely with them to ensure they have access to the latest technologies to drive advanced graphics performance."

In its booth number 6E30 at Mobile World Congress, Imagination will feature tablets with Actions' latest PowerVR based chipsets, including the Ramos K6 and Ainol Spark II tablets. Mobile World Congress is being held February 24-28 in Barcelona, Spain.

About Actions Semiconductor
Actions Semiconductor Co., Ltd. (NASDAQ: ACTS) 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.

About PowerVR graphics
Imagination's PowerVR graphics technologies are the de facto standard for mobile and embedded graphics. The PowerVR Rogue architecture is designed to support the features of the latest graphics APIs including OpenGL ES 1.1/2/3.0 and beyond, OpenGL 3.x/4.x, and designed for full WHQL-compliant DirectX 9/10, with certain family members extending their capabilities to DirectX 11.1 functionality. PowerVR Rogue GPUs deliver full support for all popular and emerging GPU compute APIs including OpenCL 1.x and Renderscript, delivering an optimal balance of performance versus power consumption for mobile and embedded devices.

About Imagination Technologies
Imagination is a global technology leader whose products touch the lives of billions of people throughout the world. The company's broad range of silicon IP (intellectual property) includes the key multimedia, communications and general purpose processors needed to create the SoCs (Systems on Chips) that power all mobile, consumer, automotive, enterprise, infrastructure, IoT and embedded electronics. These are complemented by its unique software and cloud IP and system solution focus, enabling its licensees and partners get to market quickly by creating and leveraging highly differentiated SoC platforms. Imagination's licensees include many of the world's leading semiconductor manufacturers, network operators and OEMs/ODMs who are creating some of the world's most iconic and disruptive products. See: www.imgtec.com.

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Imagination Technologies and the Imagination Technologies logo are trademarks of Imagination Technologies Limited and/or its affiliated group companies in the United Kingdom and/or other countries. All other logos, products, trademarks and registered trademarks are the property of their respective owners.

"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 the performance and power efficiency of Actions Semiconductors' new products, customer acceptance of the Actions Semiconductor's new products and corresponding increases in market share, Actions Semiconductor's belief that it is positioned to capture some upside from these trends, and Actions Semiconductor's future expectations with respect to revenue, gross margin, operating expenses and share-based compensation expense. 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.

Actions Semiconductor Contacts:

Elaine Ketchmere, CFA

Ally Xie, CA, CPA

Compass Investor Relations

Actions Semiconductor

Eketchmere@compass-ir.com

investor.relations@actions-semi.com

+1 310-528-3031

+86-756-3392353*1018

Imagination Technologies' Press Contacts:

UK: David Harold

USA: Jen Bernier-Santarini

david.harold@imgtec.com

jen.bernier@imgtec.com

+44 (0)1923 260 511

+1 408-530-5178

SOURCE Actions Semiconductor Co., Ltd.



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