Sigma Designs Inks Vietnam JV

Partnership with VTC will focus on smart energy and transition to digital TV in Vietnam Vietnam

April 18, 2011

1 Min Read

MILPITAS, Calif. -- Sigma Designs, the leader in connected mediaplatforms, and Vietnam Multimedia Corporation (VTC), one of Vietnam’s largestmultimedia corporations, today announced that they have reached an agreement toestablish a joint venture to develop and market high-performance set-top boxes for digitaltelevision, smart energy products and home connectivity solutions.The joint venture, VietSilicon Technology Joint Stock Company (VSilicon, JSC), willenable the two companies to accelerate their growth in the Vietnamese market bycombining proven IPTV semiconductor technology with VTCs unparalleled local contentand network in Vietnam.

“Sigma Designs has the technology we need to modernize the market in Vietnam,”stated Mr. Nguyen Hoang Phong, president at VTC Digicom. “By working closely withSigma, we will accelerate Vietnam’s transition to the digital era.”

Sigma Designs Inc. (Nasdaq: SIGM)

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