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Stock Market & Financial Investment News

News Breaks
November 1, 2012
09:03 EDTVIMCVimicro unit receives video-surveillance contract
Vimicro announced that its subsidiary Vimicro Electronics Corporation has secured a major government purchase contract from the Jinzhong City Public Security Bureau of Shanxi province to provide Surveillance Video and Audio Coding-based security surveillance products and services. Vimicro Electronics Corporation, together with local partners, including Jinzhong Broadcast and TV Network Co., Ltd., will develop the Project. Vimicro Electronics Corporation will supply the products and services for the Project, including key video surveillance-related hardware and software. Vimicro Electronics Corporation's portion of the contract value will be $6.23M, out of a total contract value of $13.1M, which will be shared by all partners. Work on the Project is expected to be completed by the end of February 2013.
News For VIMC From The Last 14 Days
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August 27, 2015
09:21 EDTVIMCVimicro discloses the resignation of COO Zhiyuan Chen
In a regulatory filing, Vimicro disclosed that its COO Zhiyuan Chen has resigned from his position at the company to pursue other interests. Chen's resignation was effective on August 24, 2015. Chen joined the Company on July 8, 2015.

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