Chips&Media Partners with Solomon Systech to Build Leadership Position in Projector Market

Solomon Systech ramps up MagusCore™ SSD1938 multimedia processor based on Chips&Media’s multi-standards HD video processing engine, CODA7 Series.

Seoul, Korea. –February9, 2012 – Chips&Media, Inc.(“Chips&Media”), a leading company in silicon Intellectual Property (IP), announced today that Solomon Systech Limited (“Solomon Systech”), a leading semiconductor company providing display IC products and system solutions, has utilized the video core technology of Chips&Media’s CODA7 series in its MagusCore™ platform designed for high-level portable devices. Solomon Systech has started high-volume shipments of its SSD1938 targeting the projector market.

Incorporating the advanced Chips&Media HD video processing technology, Solomon Systech’s SSD1938 of the MagusCore™ family, is an innovative cost-competitive SoC application processor with comprehensive multimedia capabilities, power saving features, efficient memory and user interfaces. MagusCore™ already has multiple proven applications in the market, such as Android based portable multimedia players (PMP), projectors, IP cameras, car surveillance systems, DVRs, eReaders, digital TVs, personal navigation devices and many other industrial applications. Solomon Systech is particularly interested in the projector market which shows surging demand and strong market potential.

“We see great potentials in the projector market in which we have established a strong base. We are confident that incorporating Chips&Media’s technology into our leading-edge MagusCore™ product will further strengthen our competitive edge, and enable us to build our leadership position in this thriving business segment,” said Kenny Cheung, Vice President, Business Operations of Solomon Systech.

The Chips&Media’s CODA7 series offer superior performance, excellent quality and low power consumption while minimizing die size and costs, whose core also supports 1080p30 video decoding, 720p30 video encoding capability in multiple standards, including H.264, MPEG2/4/, H.263, WMV/VC-1, RMVB and AVS to bring rich entertainment experiences on portable devices. To date, CODA7 series have been chosen by more than 25 SoC and OEM companies.

About Chips&Media

Chips&Media,Inc. is a leading video IP provider headquartered in Seoul, Korea(Republic of). Its advanced ultra-low power and high performance video technology have been chosen by more than 50 top-tiers based in US, Europe, Korea, Taiwan, China and Japan and have been proven in silicon reaching 60 millions of units. For more information, please visit the company’s web site at www.chipsnmedia.com.

About Solomon Systech Limited

Founded in 1999, Solomon Systech Limited is a leading semiconductor company providing display IC products and system solutions on an international basis under its own global brand. Adopting a “fabless” business model, the Group specializes in the design, development and sales of proprietary IC products and system solutions that enable a wide range of display applications for mobile phones, portable devices, LCD TVs, consumer electronic products, industrial appliances and green energy applications such as LED lighting.

Solomon Systech (International) Limited’s shares have been listed on the main board of the Stock Exchange of Hong Kong Limited since April 8th, 2004 (stock code: 2878).

More information about the Group, its products and services may be obtained at http://www.solomon-systech.com.