Samsung and Genesis Microchip Enter Into Licensing Agreement

Business Wire, August 26, 2004

SAN JOSE, Calif. -- Genesis(R) Microchip Inc. (Nasdaq:GNSS), a world leader in the development of image processing technologies for LCD TVs and other consumer display products, today announced that it has entered into a licensing agreement with Samsung Electronics Co., Ltd. Under the terms of the agreement, Samsung will receive a license to the Genesis patents that were the subject of Genesis's litigation in the U.S. International Trade Commission (ITC), including the patent that the ITC recently determined was infringed by MStar Semiconductor, Inc., Media Reality Technologies, Inc. and Trumpion Microelectronics, Inc.

"This license agreement enables Samsung to continue importing consumer display products containing Genesis' patented upscaling technology into the United States," said Robert Lensch, Genesis Microchip's vice president of business development. "We are pleased that this agreement will help ensure continued delivery of Samsung products to the consumer."

Other terms of the agreement are confidential.

About Genesis Microchip

Genesis Microchip Inc. (Nasdaq:GNSS) is a leading provider of image processing systems enabling superior picture quality in LCD TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection(TM) technologies and Emmy award-winning Faroudja(R) video technology, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat panel displays, digital TVs, projectors and DVD players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi(R) by Faroudja deinterlacing, TrueLife(TM) video enhancement and IntelliComb(TM) video decoding and includes over 135 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Taiwan, Korea, China and Japan. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.com.

Note to Editors: Genesis, Genesis Display Perfection, Faroudja, DCDi by Faroudja, TrueLife, and IntelliComb are trademarks or registered trademarks of Genesis Microchip Inc. All other trademarks are the property of their respective owners.