The Micronas Group can look back on a successful year in 2003. Sales and earnings improved further in the fourth quarter of 2003. For the year overall, net sales and net profit reached record levels. The share capital increase launched in December met with strong demand.
Micronas reports that Credit Suisse First Boston has exercised the over-allotment option consisting of 455,000 additional registered shares in full. As a consequence, the total offering size amounts to 4,605,000 registered shares with a nominal value of CHF 1 each.
Micronas announces today that the total offering size has been fixed at 4,150,000 registered shares and that its Rights Offering and Global Offering were priced at CHF 53.00 per registered share (CHF 1 nominal value each). In the Rights Offering, approximately 2.2 million registered shares were subscribed for by existing shareholders, while 1.9 million registered shares were offered in the Global Offering.
Micronas announces today that in its Rights Offering to existing shareholders in certain jurisdictions outside the United States it received subscriptions for approximately 2.2 million registered shares. Up to 2.4 million registered shares will be available for allocations to new investors in the Global Offering. The bookbuilding period for the Global Offering will run until today, December 11, 2003.
SRS Labs, Inc. (NASDAQ: SRSL), a leading provider of innovative audio, voice and semiconductor technology solutions, and Micronas (SWX Swiss Exchange: MASN, Prime Standard Segment, TecDAX, Frankfurt: MNSN), a leading supplier of application specific IC system solutions, today announced that the companies have expanded their cooperation to include SRS Labs' TruSurround XT® technology.
Micronas announces today an equity offering of up to 4.605 million registered shares, comprising of an open-priced 1:6 rights offering (issuance of 16.7% new shares) combined with a global offering. The net proceeds will be used to repay debt and give the Company the strategic flexibility to seize attractive investment opportunities if and when they present themselves.
At yesterday's extraordinary general meeting, shareholders of Micronas Semiconductor Holding AG cast 74.3 percent of represented votes in favor of the Board of Directors' proposal to create authorized share capital with a nominal value of no more than CHF 8.1 million.
The Micronas Group plans to create authorized share capital with a par value of up to CHF 8.1 million. This step will enable a capital increase to be carried out in the next two years. The aim is to increase the Group's strategic flexibility. An Extraordinary Shareholders' Meeting is being called for 20 November 2003.
The Micronas Group can look back on a good performance in the third quarter of 2003. There was an unexpectedly rapid recovery in the run of business. Sales and earnings were both up on the previous quarter. The same improvement is apparent if the first nine months of 2003 and 2002 are compared.
MediaCrypt AG and Micronas GmbH announced today that Micronas is the first semiconductor manufacturer focused on the consumer electronics industry to license IDEATM (International Data Encryption Algorithm). This enlarges Micronas' current intellectual property (IP) portfolio in the field of digital media and further emphasizes the company's commitment to protecting copyrighted works and helping to fight against piracy.
Micronas and Cabot Communications today announced the first hybrid analog-digital video decoder platform to be pre-integrated with an MHEG-5 (Multimedia and Hypermedia information coding Expert Group) engine paving the way for digital terrestrial TVs in the UK and enabling interactive television.
Micronas, a leading supplier of innovative application-specific IC system solutions for consumer electronics, multimedia and automotive electronics, today announced that Tara Systems integrated its new Embedded Wizard platform package onto Micronas' single-chip Digital TV Decoder MDE 9500.
Micronas today announced a new software package enabling hard-disk recording in IDTVs (integrated digital TVs) and STBs (set-top boxes). Combining a hard-disk file system and a recording engine based on Micronas´ MDE 9500 single-chip DVB decoder platform, the new software makes it possible to provide convenient hard-disk recording and time-shift features in an advanced single-CPU IDTV for the first time.
Trumpion and Micronas are pleased to announce the eUstickMP3 reference design, an evolutionary new removable USB flash disk. Featuring Trumpion's widely manufactured t3552 USB-to-SmartMedia/MemoryStick controller alongside Micronas' MAS 3507D audio decoder, the eUstickMP3 reference design is described as a cost-competitive total solution aiming at upgrading entry-level removable USB 1.1 flash disks by integrating basic MP3 functions.
everaging its comprehensive TV system solutions expertise, Micronas, a leading supplier of innovative application-specific IC system solutions for consumer electronics, multimedia and automotive electronics, today unveiled its first set-top box (STB) reference design for the growing DVB-T market opening up an emerging market opportunity for the company.
Micronas today announced its latest series of chips designed to dramatically improve picture quality and viewing pleasure in high-end TV sets. Representing a new standard in enhanced TV imaging, the leading supplier of semiconductor-based system solutions for consumer electronics, multimedia and automotive electronics, introduced the FRC 942xA series, designed specifically for double-scan TV sets of the highest quality.
Despite an extremely difficult market environment, the Micronas Group succeeded in further increasing sales in the first half of 2003 compared with the same period of last year. The growth generated in the first three months more than made up for the sales decline in the second quarter.
Micronas, a leading supplier of innovative application-specific IC system solutions for consumer electronics, multimedia and automotive electronics, introduced the first single-chip TV Audio processor with integrated Dolby Pro Logic® II decoding that significantly reduces both cost and development time.
Micronas, a leading supplier of innovative application-specific IC system solutions for consumer electronics, multimedia and automotive electronics, introduces on occasion of IFA 2003 in Berlin a new combination of controllers that will enable TV manufacturers to cost-effectively integrate memory card based features like digital photo playing into TV sets.
Expanding its comprehensive TV system solutions offering, Micronas today launched the new VCT 49xyI family platform, a complex, yet flexible single-chip TV solution integrating all IF, audio, video and control processing functions into one package. Uniquely supporting every TV standard worldwide, the software- and pin-compatible chips can be used in both low-cost mono and high-end TV sets featuring large screen real flat 16:9 and surround sound.
Micronas, a leading supplier of semiconductor solutions for consumer electronics, multimedia and automotive electronics, today introduced ActivePackageTM, a new solution ridding the headache car manufacturers worldwide have shared for many years. During the life cycle of a car, several of the original integrated circuits (IC) that are designed in when the car is launched are made obsolete forcing car manufacturers to carry out expensive redesigns.
Micronas today announced that Volkswagen is using the Micronas CDC 3207G and CDC 3272G dashboard controllers in their new Touran compact-vans, launched on March 14 this year. This marks the first time that an ARM-based controller is being used for applications in a car's interior.
Micronas today announced that it has acquired the Microtune (Holland) B.V. Design Center located in Nijmegen; a design center focused on digital integrated circuits (ICs) and solutions, such as demodulators, for digital television applications (DTV).
Hamlin, worldwide leading supplier of reed switches and sensor solutions for automotive, industrial, consumer and electronic products and Micronas, a leading supplier of IC and sensor system solutions for consumer electronics, multimedia systems and automotive electronics, have signed a long-term agreement under which Micronas will be the preferred supplier of Hall sensors to Hamlin.
In the first three months of the current business year, the Micronas Group was able to build on the good results achieved in 2002. In the reporting period, consolidated net sales were up compared with the fourth quarter of 2002 by 3.4 percent to CHF 191.1 million; this represented a rise of 18.7 percent over the comparable quarter of 2002.
Sonic Network, Inc., a privately held Massachusetts corporation, today announced the license of its Embedded Audio Synthesis (EAS) technology to Micronas (SWX Swiss Exchange: MASN, Prime Standard Segment Frankfurt: MNSN) for use in its MAS family of digital signal processors (DSPs).
Micronas (SWX Swiss Exchange: MASN, Prime Standard Segment Frankfurt: MNSN) today announced that the UAC 355xB device family of Universal Serial Bus (USB) audio controllers has won the prestigious Elektronik "Product of the Year" award. The UAC 355xB is a highly integrated audio codec interfacing to USB systems.
Directly targeted at multimedia and consumer applications, Micronas (SWX Swiss Exchange: MASN, Prime Standard Segment Frankfurt: MNSN) today introduced the DAC 3560C, an audio chip specifically designed to address the increasing audio demands in portable multimedia devices.
Micronas, a leading supplier of IC solutions for multimedia, consumer and automotive electronics, introduced the HAL 1500, a fully programmable hall switch aimed at automotive applications requiring position sensing like sunroofs, windows, seat positions and safety belts.
Despite difficult trading conditions, the Micronas Group turned in another very good performance in the fourth quarter of 2002. In a year-on-year comparison, the 2002 business year showed a strong growth of Group net sales and a marked increase in net profit. Micronas expects further sales and profit gains in the current year.
Micronas (SWX Swiss Exchange: MASN, Neuer Markt Frankfurt: MNSN) today launched the latest member of its UAC 355xB device family of highly integrated Universal Serial Bus (USB) controllers. The new UAC 3556B is designed to enable Voice over Internet Protocol (VoIP) functionality, integrating an additional audio channel directly into existing keyboard architectures.
SmartRightTM today announced it would demonstrate a complete smart-card based end-to-end digital content protection system for home-networked consumer electronics devices at the 2003 International Consumer Electronics Show. The SmartRight pavilion will be located in booth 31167 in the South Hall of the Las Vegas Convention Center.
Following an agreement made earlier this year, Micronas (SWX Swiss Exchange: MASN, Neuer Market Frankfurt: MNSN), a leading supplier of cutting-edge IC solutions for consumer and automotive electronics, and UMC (NYSE: UMC), a world-leading semiconductor foundry, today reaffirmed their foundry partnership by defining the terms of a new and mutually agreed-upon plan.
Micronas, a leading supplier of IC solutions for multimedia, consumer and automotive electronics announced the latest member of its MAS digital audio decoder/encoder family targeted for the high-growth portable multimedia device markets. Based on the Micronas MAS DSP platform, the MAS 35x5G features include leading-edge wavetable based MIDI synthesis in combination with MP3 decoding capabilities in a miniature 40-pin BGA package.
To strengthen their joint effort to develop a global, renewable, and cost-effective copy protection system for digital home networks, Thomson, Canal+ Technologies, Gemplus, Micronas, Nagravision, Pioneer, SchlumbergerSema, and STMicroelectronics announce that SCM Microsystems, a provider of smart card reader technology and conditional access modules, is joining the SmartRight initiative.
Micronas, a leading supplier of IC solutions for multimedia, consumer and automotive electronics, and Tara Systems announced an agreement to extend their existing partnership in order to shorten development cycle times for multimedia products. Micronas provides multimedia application designs to enable customers to develop their own customized products either in-house or, from now on, in direct cooperation with Tara Systems.
Micronas, a leading supplier of IC solutions for multimedia, consumer and automotive electronics, introduced the UAC 3553B, the newest member of its highly integrated family of universal serial bus (USB) controllers optimized for applications used in mini and micro stereo systems. Signs of acceptance for the functionality provided by new audio controllers already surfaced with the first orders from major global suppliers of consumer electronics systems.
Bridging the TV audio entertainment gap between two-channel audio and the fully-fledged surround sound of 5.1-channel discrete systems, Micronas and Dolby Laboratories announced today that the Dolby Pro Logic® II surround sound decoder is now available with Micronas' highly popular MAS 352yH range of audio co-processors.
MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, announced that Micronas (SWX Swiss Exchange: MASN, Neuer Market Frankfurt: MNSN), a leading provider of ICs for consumer electronics, multimedia and automotive applications, has taken a license for MIPS® core intellectual property (IP) for new product development.
The Micronas Group produced a positive performance in the third quarter of 2002, bucking the overall trend in the market. Micronas has now achieved sales growth in all three quarters of the current financial year. The net profit in percent of net sales also showed a further quarter-on-quarter increase.
Micronas, the world's leading supplier of hall sensors and a leading supplier of IC solutions for multimedia, consumer and automotive electronics today announced the world's first programmable hall sensor able to linearize magnetic fields measured by the sensor element.
Micronas, a leading supplier of IC and sensor system solutions for multimedia, consumer and automotive electronics, launched the world's first fully integrated dashboard microcontrollers (MCU) capable of driving up to seven stepper motors for car instrumentation.
Spatializer Audio Laboratories Inc. (OTC Bulletin Board: SPAZ - news), developer and marketer of the "de facto" standard for virtual surround sound and Micronas (SWX Swiss Exchange: MASN, Neuer Markt Frankfurt: MNSN) announced today that the Spatializer N-2-2 UltraTM virtualizer is now available for license on Micronas semiconductor audio solutions.
The business of the Micronas Group developed well in the second quarter of 2002. Consolidated net sales improved again, reaching CHF 172.5 million, 7.1 percent up on the first three months of the current year. For the first semester of 2002, consolidated net sales totalled CHF 333.5 million, 17.6 percent higher than in the comparable period a year ago.
Micronas (SWX: MASN, Neuer Market Frankfurt: MNSN), a leading supplier of cutting-edge IC solutions for consumer and automotive electronics, and United Microelectronics Corporation (NYSE: UMC, TSE: 2303), a world-leading semiconductor foundry, today announced a five-year agreement where UMC will be the principal supplier of mixed-mode ICs for Micronas.
SRS Labs, Inc. (NASDAQ: SRSL), a leading provider of patented audio and voice technologies and Micronas (SWX: MASN, Neuer Market Frankfurt: MNSN), a leading global semiconductor company, today announced a strategic alliance that will make SRS Labs' technologies vastly more available to the global television market.
Today, OSE Systems, Inc. and Micronas (SWX:MASN, Neuer Markt Frankfurt:MNSN), a leading supplier of IC and sensor system solutions for consumer electronics, multimedia and automotive electronics, announced the integration of the OSE realtime kernel from OSE Systems in Micronas' ARM7 based evaluation platform for the automotive controller family CDC 32xxG.
In the first three months of 2002, the Micronas Group generated consolidated net sales of CHF 161.0 million, a rise of CHF 16.8 million or 11.7 percent compared with the previous quarter. The operating profit before depreciation and amortization of goodwill (EBITDA) was CHF 46.8 million, CHF 10.0 million or 27.2 percent higher than in the fourth quarter of 2001.
Micronas, the Germany-based IC developer, and UMC (NYSE: UMC), a world leading semiconductor foundry, today announced the first-pass silicon success of the DPS 9450 video controller chip. The DPS 9450, designed in UMC's 0.18 micron mixed-mode CMOS technology, provides a single-chip solution that greatly simplifies integration of video and TV functionality for the fast-growing flat-panel display market that includes LCD and plasma displays.
