Sigma Designs Undertaking Restructuring; Sees $1M Charge in Q4

Sigma Designs(R)

, a leading provider of System-on-Chip (SoC) solutions for home entertainment, connectivity and control, announced the beginning of a broad corporate restructuring plan with the goal of returning to profitability on a non-GAAP basis in the first quarter of the next fiscal year beginning February 3, 2013. Sigma also confirmed its revenue guidance for the third quarter provided in its earnings conference call on September 5, 2012.