Actions Semiconductor Licenses CEVA-TeakLite-4 Audio DSP and CEVA-Bluetooth IP

ZHUHAI, China and MOUNTAIN VIEW, Calif., Jan. 6, 2014 /PRNewswire/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS) ("Actions Semiconductor"), 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, and CEVA, Inc.(NASDAQ:CEVA), the leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores, today announced that Actions has licensed the CEVA-TeakLite-4 DSP and CEVA-Bluetooth 4.0 Low Energy IP.

"We are constantly seeking to enhance our products with the latest technology and provide our customers with high performance turnkey solutions at attractive price points and a better user experience," said Dr. Zhenyu Zhou, CEO of Actions Semiconductor. "Partnering with CEVA allows us to leverage their industry-leading audio DSP and Bluetooth IP in our next-generation audio SoC designs that integrate multimedia functionality and wireless connectivity."

"We are pleased that Actions Semiconductor, one of China's leaders in portable consumer electronics SoCs, is adopting their advanced audio processing around our CEVA-TeakLite family of DSPs," said Gideon Wertheizer, CEO of CEVA. "We believe our solutions will offer Actions significant time-to-market savings for their next-generation products and enable efficient design reuse across their range of consumer SoCs."

The fully programmable CEVA-TeakLite-4 DSP was specifically designed to address the increasingly complex processing and stringent low power requirements of advanced audio and voice algorithms. The CEVA-TeakLite-4's orthogonal architecture, audio-specific instruction set and advanced power management support provides Actions with a platform with which to implement ultra-low power audio capabilities. The CEVA-Bluetooth 4.0 Low Energy IP provides Actions with a cost-effective Bluetooth platform designed with flexibility, portability and configurability in mind, and is ideal for integration into a wide range of embedded applications.

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.

About CEVA, Inc.

CEVA is the world's leading licensor of silicon intellectual property (SIP) DSP cores and platform solutions for the mobile, portable and consumer electronics markets. CEVA's IP portfolio includes comprehensive technologies for cellular baseband (2G / 3G / 4G), multimedia (vision, imaging and HD audio), voice processing, Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA). In 2012, CEVA's IP was shipped in over 1.1 billion devices, powering smartphones from many of the world's leading OEMs, including HTC, Huawei, LG, Nokia, Motorola, Samsung, Sony, TCL and ZTE. Today, more than 40% of handsets shipped worldwide are powered by a CEVA DSP core. For more information, visit www.ceva-dsp.com. Follow CEVA on twitter at www.twitter.com/cevadsp.

"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.

Contacts

SOURCE Actions Semiconductor Co., Ltd.