Telechips Announces Joint Cooperation with Sigma Designs
for Targeting Global Set-Top Box Market
Telechips Inc., a leading provider of multimedia and communication semiconductor in fabless fields, today announced Joint Cooperation with Sigma Designs Inc., a global leading company in Smart TV, IoT, Set Top box fields.
Telechips and Sigma Designs are jointly developing and marketing a new series of chips designated as the Alligator and Fox (SMP89xx series). The companies will operate under 'TSDS (Telechips Sigma Designs Semiconductor)', a collaboration brand of Telechips and Sigma Designs. For the jointly developed products, Telechips will provide ultra-low power SoC technology and Sigma Designs will provide its video IP, Set-Top box software technology, and verified HDR technology (HDR 10, HLG, Dolby Vision, others) with accumulated expertise for 15years. Based on the companies` combined strengths, customers of each company will be able to gain access to state-of-the-art SoC solutions with a combination of features and low power that is superior to the competition.
Telechips and Sigma Designs will be able to share the R&D costs, so that this enables Sigma Designs and Telechips to focus their engineering efforts on developing products with product competitiveness in this highly competitive market.
"There have been many changes in the set-top box SoC industry such as Avago's acquisition of Broadcom and market withdrawal of STMicro. This has given us a chance to aggressively pursue the global set-top box market," said JK Lee, President & CEO of Telechips. "This collaboration will be an opportunity for realizing our vision, ranking in top 3 in the global Set-Top Box market until Year 2020, by securing world-class technology in a short-term through this collaboration."
"Telechips has an impressive low power SoC technology and rapid silicon development process," said Thinh Tran, president & CEO of Sigma Designs. "This enables Sigma to focus our engineering efforts on specific value-added IP, based on technology and expertise that we have developed in our 15 years of participating in this market. Furthermore, the products will be jointly marketed by both companies in Europe and North America market, which are Sigma Designs' strong markets and Telechips' strong markets such as Asia market including Korea and Japan and we expect this will lead to market expansion".
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