MagnaChip's Patent Claims Against Pixelplus Withdrawn

SEOUL, South Korea /PRNewswire-FirstCall/ -- Pixelplus Co., Ltd., a leading fabless semiconductor company that designs, develops, and markets CMOS image sensors for various consumer electronics applications, announced that the claims on the disputed photo diode and sensor patents asserted by MagnaChip Semiconductor have been completely withdrawn from MagnaChip's complaint in Seoul Central District Court. Given this favorable development, MagnaChip's patent infringement claims on the photo diode and sensor patents will no longer be contested or remain at issue.

In mid-September 2006, Pixelplus announced that it obtained a positive and commendatory ruling from the Intellectual Property Tribunal of the Korea Intellectual Property Office granting the company's request to effectively cancel and invalidate the disputed photo diode and sensor patents claimed by MagnaChip.

About Pixelplus Co., Ltd.
Pixelplus is a South Korea-based developer of high-performance, high- resolution, and cost-effective CMOS image sensors for use primarily in mobile camera phones. In addition to mobile phones, Pixelplus provides CMOS image sensors and SoC solutions for use in personal computer cameras and surveillance system applications.

As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop image sensors with sharp, colorful, and enhanced image quality, size efficiency, and low-power consumption.