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Monday, July 07, 2003
Tvia completes sale of software assets to MediaTek

Tvia announced today the completion of the sale of its software business and software-related assets to MediaTek, Inc. of Taiwan. Tvia's software assets included its Home IT, advanced digital video broadcasting (DVB), MPEG4 software player, SDK software, and software drivers. As part of this acquisition, MediaTek hired approximately 75 software-related personnel, all former employees, primarily from TVIA's China subsidiary.

TVIA's advanced display processors intensify a viewer's experience through its expertise in creating the simultaneous presentation of multiple independent media streams on one or more displays. These processors can accept video, graphics, and audio signals from terrestrial broadcast, narrow band telephone lines, cable, satellite, and the Ethernet, to deliver, superior quality, interactive picture and audio.

These semiconductor products are primarily targeted for the advanced television and emerging display markets. These products can enable and enhance services as video-on-demand (VOD), electronic programming guides (EPGs), security systems, videoconferencing, and numerous applications for picture-in-picture and multiple image displays.

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