March 28, 2005, Vimicro's "China Chip Project" was awarded the first prize of National Science and Technology Advancement Award. The ceremony was held at the People's Hall of China and President Hu Jintao granted the award to Dr. John Deng, CEO of Vimicro.

Sponsored by the State Council, the award represents China's most authoritative and prestigious honor. The awards are granted to a number of scientific projects that have significant contribution to National scientific development and economy growth. Vimicro's "China Chip Project" and its multimedia chip technologies have not only bridged China's status in the core chip technology platform to an international basis, but also created a very important platform and promotional effects to the growth of the related industries in both China's and global IC value chains.

"The award shows government's appreciation of Vimicro's break-through in the IC design field. We believe with our continuous effort and first class R&D capability, we'll be able to make greater contribution to China's IC industry development", said Dr. John Deng.

The revolution of computer drives the digitalization of information, Internet links up digital information across different computers and systems, and mobile communication makes it possible to access digital information anytime, anywhere. The next generation of digital revolution is expected to promote broad multimedia applications on the infrastructure that will deeply impact people's daily life such as entertainment, information service and education. Eventually, this will lead to the full convergence of Computer, Communication and Consumer industry ("3C Convergence").

Dedicated to the development of advanced digital multimedia chips, Vimicro has successfully introduced series of proprietary multimedia semiconductor products into domestic and international markets, targeting fast-growing application fields such as computer, broadband, mobile communication, and consumer electronics. Vimicro's chip solutions have been adopted by various multi-national companies such as Samsung, HP, Fujitsu, Logitech, Creative and Lenovo.

For details of the story, please refer to http://www.vimicro.com/newsroom/special/awards/index.html