Samsung Electronics Announces Acquisition of Nanoradio

Samsung Electronics Announces Acquisition of Nanoradio

SEOUL, Korea and KISTA, Sweden, June 1, 2012/PRNewswire/ --

    Samsung Electronics Co. Ltd., a world leader in advanced semiconductor solutions,
announced today that it has acquired Nanoradio AB, a developer of ultra low power Wireless
LAN chipsets for high-speed wireless access in mobile phones.

    (Logo:
http://photos.prnewswire.com/prnh/20120601/537259-a )

    (Logo:
http://photos.prnewswire.com/prnh/20120601/537259-b )

    Headquartered in Kista, Sweden, Nanoradio has approximately 60 employees and extensive
experience in the wireless industry. In particular, Nanoradio specializes in developing
small form factor high performance Wi-Fi chipsets with low power consumption for cellular
platforms.

    About Samsung Electronics Co., Ltd.

    Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication,
digital media and digital convergence technologies with 2011 consolidated sales of
US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72
countries, the company operates two separate organizations to coordinate its nine
independent business units: Digital Media & Communications, comprising Visual Display,
Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and
Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED.
Recognized for its industry-leading performance across a range of economic, environmental
and social criteria, Samsung Electronics was named the world's most sustainable technology
company in the 2011 Dow Jones Sustainability Index. For more information, please visit
http://www.samsung.com.

    About Nanoradio AB

    Nanoradio designs semiconductors with wireless capability for the cellular and
handheld market where buying decisions relate to power consumption, stability, physical
size, and total cost for customers.

    Nanoradio has developed the most integrated circuits that bring outstanding WLAN
capabilities into mobile phones and consumer multimedia electronics. Nanoradio's Wi-Fi
chips target a range of applications, including mobile phones, wireless network cameras
for home surveillance, Portable Media Players and gaming devices. Another big area for
Nanoradio is the growing fixed-mobile convergence market with dual-mode phones.

    The company was founded in March 2004 and it is a "fabless" company meaning that all
manufacturing is outsourced. Nanoradio has a leading team of extensively experienced
technologists from the cellular and wireless industry as well as semiconductor industry
and start-ups. Nanoradio is headquartered in Kista, Sweden with sales offices in Korea,
China, Japan and USA.

    Nanoradio is backed by Viking Venture, Creandum, Industrifonden, Nordic Venture
Partners, Ferd Capital, Innovacom, Anchor Capital and Teknoinvest.

                                            # # #

    Samsung and the stylized Samsung design are trademarks and service marks of Samsung
Electronics Co., Ltd. Other trademarks are the property of their respective owners.

    Information on the company may be found on the World Wide Web at
http://www.nanoradio.com

Photo:
http://photos.prnewswire.com/prnh/20120601/537259-a
http://photos.prnewswire.com/prnh/20120601/537259-b

Source: Nanoradio AB and Samsung Electronics Co. Ltd.

For further information on Nanoradio solutions, please contact: Keith Cornell, Chairman & CEO, keith.cornell@nanoradio.com, Phone: +44-771-373-9500;
Press: Annika Engelhart, Market Communicator, annika.engelhart@nanoradio.com;
For more information please contact: Sunghae Park,
Samsung Electronics Co. Ltd., Tel. +82(0)31-209-7037,
Email: sunghae_park@samsung.com