Products SOCs Founded 1993 | Founder Deepraj Puar | |
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Type Manufacturing, e-Commerce
foundation = 1993 Stock price NMGC (OTCMKTS) US$ 0.01 0.00 (-17.65%)23 Mar, 4:00 PM GMT-4 - Disclaimer Headquarters San Jose, California, United States | ||
NeoMagic Corporation OTC Pink: NMGC is a fabless semiconductor company and supplier of low-power audio and video integrated circuits for mobile use (MagicMedia).
In October 2012, NeoMagic entered into the e-Commerce arena with the acquisition of its MercadoMagico.com division. MercadoMagico.com is an e-Commerce platform that will initially target the U.S. Market with a special focus on the fast-growing Hispanic and Latino community in the Americas. MercadoMagico.com provides a multivendor platform where users will be able to buy and sell products from one another or buy electronic products directly.
History
NeoMagic Corporation was founded in 1993 in California. Working alongside Mitsubishi Electric, NeoMagic introduced its first graphics processors in 1995; these were notable for being the first chips to combine a graphics chip and video memory into one package. As this was a more power-efficient method than previous graphics processors had used, most of the major laptop manufacturers of the time began to use NeoMagic graphics chips in their systems. In 2000, NeoMagic left the laptop market completely, and switched their focus to producing systems on a chip, or SOCs, for mobile phones and other handheld devices, like PDAs. The firm's first handheld chips were unveiled in 2001, when NeoMagic introduced the MiMagic line. The initial MiMagic chips were based on a 32-bit MIPS Technologies RISC processor core, and featured 4MB of embedded DRAM, as well as a 1024x768-capable graphics chip, and a AC'97-compatible sound processor. In October 2012, NeoMagic acquired MercadoMagico.com.