MegaChips Corporation and Kawasaki Microelectronics, Inc. to Merge

      MegaChips Corporation and Kawasaki Microelectronics, Inc. to Merge

PR Newswire

OSAKA, Japan and SAN JOSE, Calif., April 1, 2013

OSAKA, Japan andSAN JOSE,Calif., April 1, 2013 /PRNewswire/ --MegaChips
Corporation and its wholly owned subsidiary, Kawasaki Microelectronics, Inc.
announced they are officially merging today and the Kawasaki subsidiary will
now operate under the MegaChips Technology America Corporation name.

Highlights

  oCustomers benefit by having access to the combined technologies of both
    companies and the strength of a unified development team
  oThe combined R&D and engineering will enable faster product development
    and lower customer cost
  oNew products that will result from the merger will include devices
    targeted at the Smart Grid for energy management, security, image
    processing, networking and communications products

Quotes

"This merger will not only enable us to build a business portfolio with stable
and continuous revenue and profits, but will also help us in worldwide
expansion in areas such as product application, system planning and solution
creation."

Akira Takata, president of MegaChips Corporation

"MegaChips Technology America will be better positioned to provide our
customers with faster access to the most advanced products and technology with
a stronger and more advanced world-wide development team."
Koichi Akeyama, president of MegaChips Technology America Corporation

Related News Releases

  oNotice of Change of Business Name for Kawasaki Microelectronics America
  oNotice Concerning a Basic Agreement regarding MegaChips' Share Purchase of
    Kawasaki Microelectronics

About MegaChips Technology America Corporation

MegaChips, a fabless company, focuses on the development of system LSIs and
systems products that incorporate original algorithms and architecture.
Customers use MegaChips solutions for their office automation, networking and
storage needs in a wide range of areas, including imaging, audio, home
networking, power management, security and communications environments. The
company is headquartered in San Jose, Calif., with design centers in Osaka,
Tokyo and Bangalore. For more information, contact the company at
408-570-0555, or visit http://www.megachips.us.

SOURCE MegaChips Corporation

Website: http://www.megachips.us
Contact: Sacha Arts, Slider & Associates, +1-408-356-3099,
sacha@sliderassociates.com