November 10, 2010 -- SMSC has entered into an agreement to license certain of its 8-bit MEC1300 mobile embedded controller intellectual property (IP) to Feature Integration Technology, Inc. (Fintek), a privately held company based in Hsinchu, Taiwan. Fintek intends to utilize the technology as part of its mobile embedded controller line of products targeting notebook, netbook, smartbook and tablet platforms. As part of the agreement, SMSC will receive an undisclosed royalty associated with Fintek device sales.

"SMSC is a leading provider of high-performance, feature-rich mobile embedded controllers built on years of expertise in serving many of the world's leading PC OEMs," said Robert Hollingsworth, Senior Vice President & General Manager of Computing & Connectivity Products at SMSC. "Partnering with Fintek to promote our technology opens the door to the expansion of our market into new customers in Greater China while enhancing Fintek's product set with new hardware, software and firmware options."

"SMSC has an excellent reputation in designing innovative mobile embedded controller solutions with performance in mind, while staying cost competitive," said Jame Chen, Chairman at Fintek. "Fintek is very pleased to license SMSC's proven technologies to accelerate the expansion of our mobile product portfolio serving PC customers in Greater China."

About Fintek

Established in 2002, Feature Integration Technology (Fintek) is headquartered in Hsinchu, Taiwan with experienced engineering teams that bring expertise in the mixed-mode signal, digital and analog area produced state-of-the-art silicon solutions to its customers, including global PC brands.