Sigma Designs Inc was incorporated in January 1982. The Company is a integrated semiconductor solutions provider offering intelligent media platforms for use in the home entertainment and home control markets. It sells its products into four primary or target markets: (i) Smart TV, (ii) Media Connectivity, (iii) Set-Top Box and (iv) Internet of Things (IoT) Devices. Smart TV products consist of platforms that are based on highly integrated chips, embedded software and hardware reference designs. Media Connectivity products consist of wired home networking controller chipsets that are designed to provide connectivity solutions between various home entertainment products and incoming video streams. Set-top Box products consist of connected media processors and players delivering IP streaming video, including hybrid versions of these products. IoT Devices consist of its wireless Z-Wave chipsets and modules. The Company's media processor product line consists of functionally similar platforms that are based on highly integrated chips, embedded software, and hardware reference designs. These highly integrated chips typically include all the functions required to create a complete system solution with only the addition of memory. The integrated functions include applications processing (CPU), graphics processing (GPU), media processing (audio and video decoding/encoding), display processing, security management, memory control, and peripheral interfaces. Its embedded software suite provides an operating environment and coordinates the real-time processing of digital video and audio content, is readily customizable by its customers and is interoperable with multiple standard operating systems. Its reference system designs provide a hardware implementation of the circuit board, access to its embedded software suite, and can include prototypes for customer evaluation and use. Its chipsets are generally configured for a specific market, either smart television (Smart TV) or set-top box (STB), the latter of which includes related products, such as connected media players. The primary difference between these devices that target different markets is the interfaces they support. Chips created for the Smart TV market obtain inputs from high definition multimedia interface (HDMI) and analog video and provide outputs to flat panel interfaces. Chipsets created for the Set-top Box market obtain inputs from Ethernet and other broadcast interfaces and provide output to HDMI and analog video. Core components are therefore shared across these products while their configured hardware/software platforms and support are offered separately.