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Magnachip Licenses TITC Lossless Compression IP

 for Advanced Display Applications

Hsin Chu, Taiwan –  April 10, 2013 – Taiwan ImagingTek (TITC and TITC-USA) today announced that MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed signal semiconductor products, has licensed a near lossless compression IP for its new lines of display driver chips.

Taking advantage of sharp price drop of the display panels, smart phone system developers are migrating to Full HD resolution for higher image-video quality. Higher resolution in display device adds higher cost of frame buffer memory and increases the level of EMI problem due to higher data rate, enlarged PCB and signal routing. 

“Our world top smart phone system partners are demanding a good solution of reducing memory cost, minimizing the PCB size and easing EMI headache in display panel”, says Dosang Mok, Senior Vice President of Marketing for MagnaChip’s Display Solutions Division. “TITC’s unique and top quality compression technology (IP) provides us with the right solution and flexibility of overcoming display panel related issues. With this IP and efficient support from TITC, we can design new lines of display panel chips and quickly provide our smart phone partners with less expensive memory chip and eased EMI issues”.

“We are glad to reach agreement of long-standing IP licensing partnership with MagnaChip, the world top display panel IC supplier. With this agreement, TITC provides not only top quality compression IP, but also system know-how in reducing data rate of the image signal traveling from smart phone AP chip to the display device.” Says Mr. Star Sung, the CEO of TITC. “With 7 years mass production record TITC lossless compression IPs have been reallized in 200M TV systems through German Micronas, Japanese Renesas, Kawasaki/Megachips, the two world top TV decoder suppliers, Taiwan Novatek, the world top 1 LCD Drivers supplier and Italian Olivetti MFP machines. We’ll keep investing in lossless compression IPs and providing the best solutions for our world top partners.”

Some global system and IC suppliers in smart phone, image sensor, DSC/DV, DVD, Set-Top-Box, 3D/Gaming are adopting TITC IPs and solutions for cutting the power consumption, reducing the memory cost and easing the EMI issues. This agreement with MagnaChip further demonstrates the prevailing advantage of TITC near Lossless compression technology in the consumer markets.



About Taiwan ImagingTek 
Taiwan ImagingTek Corporation (TITC) is dedicated to the development and research of innovative image/video/audio processing and compression technology. TITC was established in November 2002 with its main office located in ITRI Open Labs (A Taiwan government sponsored research institute). ImagingTek is originally financially backed by a German federal government fund (tbg) has a business operation in Munich, Germany, Cupertino, CA, USA, Osaka, Japan and Paris, France. TITC's core compression technology has entered mass production in image and video related electronic products which provides substantial cost savings to system manufacturers and provides the end users of smart phone, DV, digital camera, DVD/DV/STB, LCD/DTV, MFP, Web/IP Cam,… etc. with benefits such as high performance, lower cost, and lower power consumption. More information on TITC is available at  http://www.TITC-USA.com/




About MagnaChip Semiconductor 
Headquartered in South Korea, MagnaChip Semiconductor is a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for high volume consumer applications. MagnaChip believes it has one of the broadest and deepest range of analog and mixed-signal semiconductor platforms in the industry, supported by its 30-year operating history, a large portfolio of registered and pending patents and extensive engineering and manufacturing process expertise. For more information, please visit www.magnachip.com.



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