Moschip Semiconductor Technology Ltd today said it has launched a personal computer virtualisation system that allows gaming, video streaming and Internet browsing on TV.

The design services company is in discussions with set top box manufacturers for a possible tie-up to make and market the product, Moschip Chairman and CEO Ramchandra Reddy said.

"This is our first product on the systems side and is based on all the work we have been doing in embedded designing. We will be launching the product in countries like China and the US besides India. Revenues will start coming in by the second quarter of the current fiscal," Reddy said in a press conference here.

He said the demand for such an integrated product worldwide is about a million units a month. "Even if we can ship about 5,00,000 units, we will be doing good business.

China alone has the appetite to consume about 20 to 30 million units because the adoption levels are high there."

Moschip posted a net loss of Rs 0.17 crore for the quarter ended December 31, 2011 on sales turnover of Rs 2.14 crore.