TAIWAN, Hsinchu – 10 April, 2012 – MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions, during a meeting of its board of directors, today approved the purchase and acquisition of the Swedish company Coresonic AB, a global leader of Digital Signal Processor (DSP) technology. Following the formalization of the acquisition, Coresonic AB will become another wholly owned subsidiary of MediaTek in Europe.

Coresonic AB, founded in Sweden, has rapidly established itself as a market leader with its breakthrough DSP architecture for wireless basebands. MediaTek will use Coresonic’s DSP technology to further improve the efficiency and flexibility of its expanding product lines, strengthening MediaTek’s position as a leading provider of wireless communication and digital multimedia IC solutions. Prior to the acquisition, MediaTek has been working closely with Coresonic AB.

Johan Lodenius, CEO of Coresonic, said "We have been very successful with expanding the use of our DSP architecture in wireless communications projects world-wide. This acquisition provides strong synergies for both companies as it enables us to increase the pace of introducing new leading wireless products through MediaTek’s global network."

Following the announcement of the acquisition, Ching-Jiang Hsieh, President of MediaTek said, “As a leader in digital consumer and wireless chipsets, MediaTek offers a broad range of highly competitive products. With the acquisition of Coresonic, MediaTek will significantly enhance its wireless technologies and sharpen the competitive edge of its product solutions."

About MediaTek

Since 1997, MediaTek has been a pioneering fabless semiconductor company and a market leader in cutting-edge systems-on-chip (SoC) for mobile devices, wireless networking, HDTV, DVD and Blu-ray. Our tightly-integrated, innovative chip designs help manufacturers optimize supply chains, reduce the development time of new products, and extend a competitive edge in crowded markets. Through MediaTek Labs, the company is also building a developer hub that will support device creation, application development, and services for the Internet of Things era. By building technologies that help connect individuals to the world around them, MediaTek is enabling people to expand their horizons and more easily achieve their goals. We believe anyone can achieve something amazing. And we believe they can do it every single day. We call this idea Everyday Genius and it drives everything we do. Visit mediatek.com for more information.