Profile: Sigma Designs Inc (SIGM.OQ)
10 Dec 2013
Sigma Designs, Inc. (Sigma), incorporated in January 1982, is a provider of system-on-chip (SoC) solutions. The Company focuses on integrated chipset solutions that serve for Internet protocol television (IPTV) set-top boxes, connected media players, residential gateways and home control systems. It has four chipset product lines: media processor products, home networking products, video image processor and encoder products and home control and energy management automation products. The Company sells its products into four primary markets: IPTV media processor, connected home, connected media player, and the prosumer and industrial audio/video markets. The Company also sells a small amount of its chipsets into other markets, such as the digital signage, high definition television (HDTV) projection TV and personal computer (PC)-based, add-in markets. In May 2012, the Company completed its asset purchase of Trident Microsystems' Digital Television (DTV) Business. In February 2013, it acquired Zensys Inc.
The acquisition included Trident's digital TV product portfolio, including its digital TV SoC (system-on-chip), frame-rate-conversion (FRC), and SmartTV software suite, as well as some legacy analog TV products. Sigma's chipsets are focused towards manufacturers and large volume original equipment manufacturers (OEM's) and original design manufacturers (ODMs) building products for the IPTV, connected home, connected media player and prosumer and industrial audio/video consumer electronic markets. Sales of the Company's chipsets accounted for approximately 99%, during the fiscal year ended January 28, 2012 (fiscal 2012). The Company derives a minor portion of its revenue from other products and services, including software development kits, engineering support services for hardware and software, engineering development for customization of chipsets and other accessories.
The Company's media processor products are used by leading IPTV set-top box providers, such as Cisco Systems, Motorola, Netgem and Samsung. IPTV set-top boxes incorporating the Company's media processors are deployed by telecommunications carriers globally, including carriers in Asia, Europe and North America, such as AT&T, Deutsche Telekom, NTT and SFR. The Company works with these carriers and set-top box providers, as well as with systems software providers, such as Microsoft.
The Company's media processor product line consists of platforms that include integrated chipsets and reference system designs. These products are based around media processing and combine video and audio decoding, graphics processing, display processing, security management, memory control, peripheral interfaces, and one or more application processors, or central processing units (CPUs). The Company's reference system designs provide a hardware implementation of the circuit board, access to the Company's software suite, and sometimes provide a prototypical end-use product example for customer evaluation and use.
The Company's range of media processor chipsets and development platforms are designed to provide solutions to the Company's customers primarily for application in IPTV and hybrid set-top boxes and connected media players. For IPTV and hybrid set-top boxes applications, it offers platforms for Microsoft's Mediaroom, as well as various other Linux and Android based middleware solutions. For connected media player applications, the Company provides a solution for various types of consumer players, such as digital media adapters (DMAs).
The Company's home networking product line consists of wired home networking controllers that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. Its home networking solutions are based on the HomePNA (HPNA), HomePlug AV (HPAV) and G.hn standards. Products based on these technologies enable service providers, such as telecommunication carriers, cable operators and satellite providers to deliver IPTV solutions and other media-rich applications, such as HDTV, voice over Internet protocol (VoIP), and internet throughout the home. The Company's HomePNA chipsets provide in-home connectivity capabilities over existing telephone wires or TV coax cables for residential gateways, multiple dwelling unit gateways and IPTV set-top boxes. It can coexist with broadband and narrowband services, such as xDSL, television or telephone, on the same wire, and delivers high Quality of Service (QoS).
The Company's HomePlug AV chipsets provide connectivity over existing powerline wiring, supporting AES encryption, high QoS and remote management and diagnostic capabilities. The Company's G.hn chipset supports connectivity over any type of existing wires inside the home. Its G.hn chipset enables self-installation for home multimedia distribution networks. The chipset also provides high QoS, remote management and diagnostic capabilities.
Video Image Processors and Encoders
The Company's video image processor and encoder products consist of the Company's VXP brand video image processor chipsets and its video encoder chipsets. Its VXP chipsets are semiconductors that provide video output or input for professional, prosumer and consumer applications and address applications, including audio/video receivers, broadcast studios, digital cinema, digital signage, front-projection home theatre televisions, HDTV, medical imaging and video conferencing systems. The Company's video encoder chipsets are designed to capture video for visual telephony between set-top boxes, connected media players, VoIP devices, video conferencing TVs and video surveillance devices.
Home Control and Energy Management Automation
The Company's home control and energy management automation product line consists of the Company's wireless Z-Wave chipsets. These devices consist of wireless transceiver devices along with a mesh networking protocol. The Company's Z-Wave chipsets provides an interoperable connected home security, monitoring and automation solution.
The Company competes with Broadcom Corporation, Intel Corporation, Mediatek, RealTek, ST Microelectronics, Broadcom, Lantiq, Marvell Technology Group, Ltd., Qualcomm, Texas Instruments, Freescale, Ember, Pixelworks and Marvell.
Sigma Designs Inc
1778 McCarthy Blvd.
MILPITAS CA 95035