Note 13 - Subsequent Events

6 Months Ended

Jul. 29, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

13

.           Subsequent event

s

On

August 14, 2017,

we entered into an agreement to license certain set-top box semiconductor technology to Telechips for an aggregate payment of

$4.7

million. The payment includes reimbursement of

$2.5

million paid by us for a mask set which was capitalized with a corresponding accumulated amortization of

$0.6

million. The payment is to be paid to us in tranches, with an initial payment to be made within

30

days of the date of the agreement, and later payments based on satisfaction of certain milestones. Both parties mutually agreed to terminate the joint collaboration agreement and released each party’s obligation to pay any invoices that

may

be due and payable under the joint collaboration agreement. As a result, we will reverse our share of costs of

$0.9

million in the

third

quarter of fiscal

2018.