Sigma Designs, Inc. Reports First Quarter Fiscal 2012 Results

MILPITAS, CA — Sigma Designs®, Inc. (NASDAQ: SIGM), the world’s leader in connected media platforms, today reported financial results and business highlights for its first fiscal quarter ended April 30, 2011.

Net revenue for the first quarter of fiscal 2012 was $60.6 million, down $10.0 million, or 14%, from $70.6 million reported in the previous quarter and down $4.6 million, or 7%, from $65.2 million reported for the same period last year.

Recent Highlights

• We entered into a joint venture with Vietnam Multimedia Corporation. The joint venture, VSilicon, was formed to develop and market high-performance set-top boxes for digital televisions, smart energy products and home connectivity solutions to help accelerate growth in the Vietnamese market.

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