SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
______________________
Report
of Foreign Private Issuer
______________________
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
June
20, 2007
______________________
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ACTIONS
SEMICONDUCTOR CO., LTD.
______________________
15-1,
No. 1 HIT Road
Tangjia,
Zhuhai
Guangdong,
519085
The
People’s Republic of China
(86-756)
339-2353
______________________
|
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form
20-F
x Form
40-F
o
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
o No
x
Actions
Semiconductor Co., Ltd. (the “Company”) is furnishing under cover of Form 6-K a
press announcement dated June 20, 2007, relating to the settlment of its patent
infringement dispute with SigmaTel.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned,
thereunto
duly authorized.
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ACTIONS
SEMICONDUCTOR CO.,
LTD
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By:
/S/
David
Lee
Name:
David Lee
Title:
Chief Financial Officer
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Dated:
June 20, 2007
Actions
and SigmaTel Settle All Patent Litigation and Enter
into
Cross-License Agreement
Actions’
Entire Product Portfolio Now Available for Shipment to U.S. Without Restrictions
ZHUHAI,
China, June 20, 2007 -- Actions Semiconductor Co., Ltd. (Nasdaq:
ACTS),
one of China's leading fabless semiconductor companies,
today
announced that it has settled all outstanding litigation worldwide with
SigmaTel, Inc. (Nasdaq:SGTL).
Under
terms of the settlement agreement, all outstanding claims and counterclaims
in
the lawsuits in which the two companies have been engaged will be dismissed
with
prejudice. Both companies also agreed to not pursue possible third party IP
infringements or new legal actions against each other and their respective
customers for three years.
Additionally,
Actions and SigmaTel entered into a comprehensive cross-license agreement
covering patents owned or controlled by either party or its subsidiaries.
Consequently, all of Actions’ current and future products may now be imported
into the U.S. market without restrictions.
“We
are
pleased to have reached a mutually beneficial agreement that advances the
long-term interests of both companies,” commented Mr. Nan-Horng Yeh, Chief
Executive Officer of Actions Semiconductor. “The agreement lays the groundwork
for fair competition and validates the strength of our intellectual property
portfolio.”
About
Actions Semiconductor
Actions
Semiconductor is one of China's leading fabless semiconductor companies that
provides mixed-signal and multimedia SoC solutions for portable consumer
electronics. Actions Semiconductor products include SoCs, firmware, software,
solution development kits, as well as detailed specifications of other required
components and the providers of those components. Actions Semiconductor also
provides total product and technology solutions that allow customers to quickly
introduce new portable consumer electronics to the mass market in a cost
effective way. The company is headquartered in Zhuhai, China, with offices
in
Beijing and Shenzhen.
For
more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.
"Safe
Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements
contained in this release that are not historical facts are forward-looking
statements, as that term is defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements, including financial projections and
forecasts, involve risks and uncertainties that could cause Actions
Semiconductor's actual results to differ materially from our current
expectations. Factors that could cause Actions Semiconductor's results to differ
materially from those set forth in these forward-looking statements include
customers' cancellation or modification of their orders; our failure to
accurately forecast demand for our products; the loss of, or a significant
reduction in orders from, any of our significant customers; fluctuations in
our
operating results; our inability to develop and sell new products; defects
in or
failures of our products; the expense and uncertainty involved in our customer
design-win efforts; the financial viability of the distributors of our products;
consumer demand; worldwide economic and political conditions; fluctuations
in
our costs to manufacture our products; our reliance on third parties to
manufacture, test, assemble and ship our products; our ability to retain and
attract key personnel; our ability to compete with our competitors; and our
ability to protect our intellectual property rights and not infringe the
intellectual property rights of others. Other factors that may cause our actual
results to differ from those set forth in the forward-looking statements
contained in this press release and that may affect our prospects in general
are
described in our filings with the Securities and Exchange Commission, including
our Registration Statement on Form F-1 related to our initial public offering
and secondary offering. Actions Semiconductor undertakes no obligation to update
or revise forward-looking statements to reflect subsequent events or changed
assumptions or circumstances.
For
More Information
Investor
Contacts:
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Lisa
Laukkanen
|
Chung
Hsu
|
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The
Blueshirt Group for Actions Semiconductor
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Investor
Relations at Actions
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lisa@blueshirtgroup.com
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chung@actions-semi.com
|
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+1-415-217-4967
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+86-756
3392 353 *1015
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