SMSC Announces Mobile Embedded Controller IP License Agreement with Fintek

HAUPPAUGE, N.Y., Nov 10, 2010 -- SMSC (NASDAQ: SMSC) today entered into an agreement to license certain of its 8 bit MEC1300 mobile embedded controller intellectual property to Feature Integration Technology Inc. (Fintek), a privately held company based in Hsinchu, Taiwan. Fintek intends to utilize the technology as part of its mobile embedded controller line of products targeting notebook, netbook, smartbook and tablet platforms. As part of the agreement, SMSC will receive an undisclosed royalty associated with Fintek device sales.

"SMSC is a leading provider of high-performance, feature-rich mobile embedded controllers built on years of expertise in serving many of the world's leading PC OEMs," said Robert Hollingsworth, Senior Vice President & General Manager of Computing & Connectivity Products at SMSC. "Partnering with Fintek to promote our technology opens the door to the expansion of our market into new customers in Greater China while enhancing Fintek's product set with new hardware, software and firmware options."

"SMSC has an excellent reputation in designing innovative mobile embedded controller solutions with performance in mind, while staying cost competitive," said Jame Chen, Chairman at Fintek. "Fintek is very pleased to license SMSC's proven technologies to accelerate the expansion of our mobile product portfolio serving PC customers in Greater China."

About SMSC

SMSC is a leading developer of Smart Mixed-Signal Connectivity(TM) solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, automobiles, portable consumer devices and other applications. SMSC's feature-rich products drive a number of industry standards and include USB, MOST(R) automotive networking, Kleer(R)wireless audio, embedded system control and analog solutions, including thermal management and RightTouch(TM) capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at www.smsc.com.

About Fintek

Established in 2002, Feature Integration Technology Inc (Fintek) is headquartered in Hsinchu, Taiwan with experienced engineering teams who bring expertise in the mixed-mode signal, digital and analog area produced state-of-the-art silicon solutions to its customers, including global PC brands. For more about Fintek, visit www.fintek.com.tw.