SANTA CLARA, Calif.--(BUSINESS WIRE)--Ambarella, Inc. (NASDAQ: AMBA), a leading developer of low-power, HD video compression and image processing semiconductors, today announced that the Global Semiconductor Alliance (GSA) has honored the Company with the award for the “Favorite Analyst Semiconductor Company” of 2013. The award was presented to Ambarella executives at the GSA’s annual Awards Dinner Celebration held on Thursday, December 12, 2013 in Santa Clara, California.
Semiconductor financial analysts from top-tier firms select their favorite company for this award. The analysts base their decision on historical as well as projected data such as stock performance, revenue growth, net profit margin, revenue forecasts and product performance. Semiconductor financial analyst Joseph Moore from Morgan Stanley was on-hand to present the award to Ambarella.
“GSA is proud to honor Ambarella with the Favorite Analyst Semiconductor Award chosen by Morgan Stanley,” said Jodi Shelton, president of GSA. “They received the GSA 2010, 2011 and 2012 award for ‘Most Respected Private Company’ and this year’s award proves that Ambarella has progressed admirably since going public in October of 2012.”
“It is an honor to receive the GSA’s 2013 award for Favorite Analyst Semiconductor Company, our sixth GSA award,” said Fermi Wang, CEO of Ambarella. “We have experienced a year of continued growth in wearable sports, video surveillance and automotive camera markets as well as strong performance in our broadcast infrastructure business. In the year ahead, we will continue to partner closely with our customers to successfully bring their innovative products to market.”
The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. www.gsaglobal.org.
Founded in 2004, Ambarella is a leading developer of low-power, high-definition video compression and image processing solutions. Ambarella’s products are used in a variety of high definition cameras including security IP cameras, sports cameras, wearable cameras, and automotive video camera recorders. Ambarella compression chips are also used in broadcasting TV programs worldwide. Ambarella became a public company in 2012 (NASDAQ: AMBA). For more information about Ambarella, please visit www.ambarella.com.
All brand names, product names or trademarks belong to their respective holders. Ambarella reserves the right to alter product and service offerings, and specifications and pricing, at any time without notice. © 2013 Ambarella. All rights reserved.