The firm revealed that first quarter revenue reached $98.7 million, a 1.8 per cent sequential decrease from $100.4 million for the fourth quarter of 2010.
It is also a 14.4 per cent increase from $86.3 million for the first quarter of 2010.
"Building upon our tremendous engineering achievements in 2010, we have continued to execute on an ambitious roadmap that highlights our commitment to technology leadership," Ron Jankov, president and CEO of the firm, commented.
"Our design activity is very strong across all of our product categories as our solutions are providing our customers leading performance and power."
Meanwhile, Hynix Semiconductor, one of the world's biggest memory chip makers, is set to be up for sale as early as late May, according to a leading creditor bank.
In a statement, the Korea Exchange Bank said: "A creditor steering committee is expected to make a public announcement on the Hynix sale in late May after due diligence, but the announcement schedule may be delayed due to time needed to complete the reviewing."
Posted by Andre Dixon
