What is "neomagic"

NeoMagic Corporation 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.