BARCELONA, Spain, Feb. 11 /PRNewswire-FirstCall/ -- Mobile World Congress 2008 -- CEVA, Inc. [(NASDAQ: CEVA); (LSE: CVA)], a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile handsets, consumer electronics and storage applications and Spreadtrum Communications, Inc. (NASDAQ: SPRD), one of China's leading wireless baseband chipset providers, today announced that Spreadtrum has surpassed the thirty millionth shipment level for CEVA-powered wireless baseband chipsets.
Spreadtrum's award winning baseband chips, which began shipping in 2004, have secured design wins in many of China's leading handset manufacturers. Spreadtrum currently deploys CEVA DSP technology in every baseband chipset they manufacture.
"This is a significant achievement for Spreadtrum," said Dr. Ping Wu, President and CEO of Spreadtrum. "Our strong strategic relationship with CEVA has ensured excellent support during the development of our wireless baseband chipsets and the shipment of our thirty millionth chip with their DSP is testament to the technology and support that CEVA has provided to us over the past 4 years."
"We are very pleased that Spreadtrum has achieved such significant successes with their CEVA-powered baseband chipsets in the burgeoning Chinese handset market," said Gideon Wertheizer, CEO of CEVA. "We look forward to continuing our successful relationship with them and developing new and innovative products for the wireless baseband market."
According to industry analyst firm Forward Concepts, the Chinese handset market is forecasted to grow in volume at a CAGR of 6.9% from 131 million units in 2006 to 182 million units in 2011. In that timeframe, the number of cellular subscribers in China will grow from 519 million on 2006 to 873 million in 2011.
About Spreadtrum Communications.
Spreadtrum Communications, Inc. (Nasdaq: SPRD; "Spreadtrum") is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the mobile wireless communications market. Spreadtrum combines its semiconductor design expertise with its software development capabilities to deliver highly-integrated baseband processors with multimedia functionality and power management. Spreadtrum has developed its solutions based on an open development platform, enabling its customers to develop customized wireless products that are feature-rich and meet their cost and time-to-market requirements.
For more information, please check: http://www.spreadtrum.com/ About CEVA, Inc.
Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile handset, consumer electronics and storage applications. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2007, CEVA's IP was shipped in over 225 million devices. For more information, visit http://www.ceva-dsp.com/
Safe Harbor Statements:
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding the forecast of the growth in the Chinese handset market and the number of China's cellular subscribers. These statements are forward-looking in nature and involve risks and uncertainties that may cause actual market trends and the actual results of Spreadtrum and CEVA to differ materially from those expressed or implied in these forward- looking statements for a variety of reasons. Potential risks and uncertainties involving Spreadtrum include, but are not limited to, continued competitive pressure in the semiconductor industry and the effect of such pressure on prices; unpredictable changes in technology and consumer demand for mobile handsets; the state of and any change in Spreadtrum's relationships with its major customers; and changes in political, economic, legal and social conditions in China. For additional discussion of these risks and uncertainties and other factors relating to Spreadtrum, please consider the information contained in Spreadtrum's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the registration statement on Form F-1 filed on June 26, 2007, as amended, especially the sections under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and such other documents that Spreadtrum may file with the SEC from time to time, including on Form 6-K. Potential risks and uncertainties involving CEVA include, but are not limited to, the ability of the CEVA DSP cores and other technologies to continue to be strong growth drivers for the company; the effects of intense competition within the industries that CEVA competes; the possibility that the market for CEVA's technologies may not develop as expected; the possibility that the products incorporating CEVA's technologies do not gain broad market acceptance; CEVA's ability to timely and successfully develop and introduce new technologies; CEVA's reliance on revenue derived from a limited number of licensees; CEVA's ability to continue to improve its royalty revenue in future periods and other risks relating to its business. For additional discussion of these risks and uncertainties and other factors relating to CEVA, please consider the information contained in CEVA's filings with the SEC, including the 2006 Annual Report on Form 10-K, especially the sections under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and other periodic reports that CEVA files with the SEC. Neither Spreadtrum nor CEVA assumes any obligation to update any forward-looking statements, which apply only as of the date of this press release.
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