Friday, March 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CIA Used Sophisticated Hack Techniques To Apple Devices: WikiLeaks
Samsung 4G LTE Capability to Gear S3 Classic
Micron's Revenue Increased Due To Strong Memory Chip Sales
U.S. Senate Puts ISP Profits Over Your Privacy
Microsoft Announces Patent License Agreement with Toyota
Facebook Introduces Message Reactions and Mentions For Messenger
CORSAIR ONE Gaming PC Released
ZTE Pleads Guilty For Selling U.S. Technology to Iran
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Tvia an...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 18, 2003
Tvia announces sale of software assets to MediaTek


Tvia, Inc., a provider of multimedia display processors for the advanced television and emerging display markets, announced today that it has entered into an agreement to sell its software business and software-related assets to MediaTek, headquartered in Taiwan, in exchange for $10 million in cash, subject to milestones and closing conditions. Alliant Partners represented Tvia in this transaction.

Tvia's software business and related software assets include its Home IT, advanced digital video broadcasting (DVB), MPEG4 software player, SDK software, and software drivers. As part of the acquisition of these assets, MediaTek anticipates the hire of approximately ninety software-related personnel, formerly Tvia employees, located primarily in China.

Eli Porat, president and chief executive officer of Tvia, remarked, "We are enthusiastic with the benefits this transaction brings to Tvia. We are now able to intensely focus on product development in emerging display applications, such as progressive TVs (PTV) and LCD-TVs. We believe that improving our cash position, and reducing our burn rate, will further increase our ability to more rapidly achieve profitability."


Previous
Next
Lite-On IT expects to ship up to one million recordable DVD drives in 2003        All News        Lite-On IT expects to ship up to one million recordable DVD drives in 2003
Lite-On IT expects to ship up to one million recordable DVD drives in 2003     Optical Storage News      Lite-On IT expects to ship up to one million recordable DVD drives in 2003

Get RSS feed Easy Print E-Mail this Message

Related News
MediaTek 10-core Helio X30 SoC to Power Premium Mobiles
MediaTek Introduces Helio P25 Chip For Dual-Camera Smartphones
MediaTek Helio X23 And X27 Added To Deca-core Chip Lineup
MediaTek to Release New Semiconductor Product Portfolio for Automotive Industry
MediaTek UltraCast Brings 4K Streaming to Connected Devices
MediaTek To Release New X35 And X30 Smartphone Chips Based On The 10nm Process
MediaTek Launches Linato-compatible Helio X20 Development Board For Android Developers
MediaTek To Invest $6.15 billion on 5G Communication Technologies
MediaTek Introduces Pump Express 3.0 Battery Charging Solution
MediaTek Details Its Imagiq Image Signal Processor
MediaTek Introduces The 16nm Helio P20 Mobile Processor Family
MediaTek Denies Helio X20 Overheating Issues

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .