Joachim Kunkel Joins Arteris Board of Directors

Rhea-AI Summary

Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP for SoC creation, has announced the addition of Joachim Kunkel to its Board of Directors. Kunkel, former General Manager of Synopsys' IP business unit, brings three decades of experience and a proven track record of growing IP revenue to over $1.5 billion. His expertise in semiconductor intellectual property and leadership is expected to contribute significantly to Arteris' growth strategy.

Kunkel's background includes co-founding CADIS GmbH and holding a master's degree in electrical engineering from Aachen University of Technology. He expressed enthusiasm about joining Arteris at a time when AI is driving complexity in SoC designs, emphasizing the importance of system IP in product performance and innovation cycles.

Positive

• Addition of experienced semiconductor IP executive Joachim Kunkel to the Board of Directors
• Kunkel's track record of growing IP revenue to over $1.5 billion at Synopsys
• Potential for strategic insights and industry knowledge to fuel Arteris' growth

Negative

• None.

News Market Reaction

+1.82%

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+1.82% News Effect

On the day this news was published, AIP gained 1.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Proven semiconductor intellectual property executive to provide industry insights

CAMPBELL, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that Joachim Kunkel will join its Board of Directors. Mr. Kunkel most recently served as the General Manager of the Intellectual Property (IP) business unit at Synopsys where he grew Synopsys’ IP revenue to over $1.5 billion, making Synopsys the second largest semiconductor IP company in the world. With three decades of experience at Synopsys, Mr. Kunkel brings a wealth of knowledge and leadership to Arteris.

Prior to joining Synopsys, Joachim Kunkel co-founded and served as managing director of CADIS GmbH, where he played a pivotal role in its early success by contributing to engineering, sales and marketing. He holds a master’s degree in electrical engineering from Aachen University of Technology, where he focused his research on system-level simulation techniques for digital signal processing.

"I am honored to join the Arteris Board of Directors and to contribute to the company’s continued growth and innovative leadership in system IP. It’s exciting to join at this moment in time when AI is driving complexity in SoC designs, grounding system IP as a necessary technology for product performance and fast innovation cycles," said Joachim Kunkel. "I look forward to working alongside Arteris’ talented board and executive team to fuel the company’s continued growth and evolution as a leader in system IP."

"We are thrilled to welcome Joachim Kunkel to our Board of Directors," said K. Charles Janac, president and CEO of Arteris. "His extensive experience in IP and the semiconductor industry, coupled with his visionary leadership at Synopsys, will be invaluable as we continue to expand our footprint and innovate to meet the evolving needs of the market."

About Arteris

Arteris is a leading provider of system IP for the acceleration of system-on-chip (SoC) development across today's electronic systems. Arteris network-on-chip (NoC) interconnect IP and SoC integration automation technology enable higher product performance with lower power consumption and faster time to market, delivering better SoC economics so its customers can focus on dreaming up what comes next. Learn more at arteris.com.

© 2004-2024 Arteris, Inc. All rights reserved worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other Arteris marks found at https://www.arteris.com/trademarks are trademarks or registered trademarks of Arteris, Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

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FAQ

Who is joining Arteris' Board of Directors and what is their background?

Joachim Kunkel, former General Manager of Synopsys' IP business unit, is joining Arteris' Board of Directors. He has three decades of experience in the semiconductor industry and grew Synopsys' IP revenue to over $1.5 billion.

How might Joachim Kunkel's appointment impact Arteris (AIP) stock?

Kunkel's extensive experience and success in growing IP revenue could potentially have a positive impact on Arteris (AIP) stock by bringing valuable industry insights and strategic leadership to the company's board.

What is Arteris' (AIP) focus in the semiconductor industry?

Arteris (AIP) is a leading provider of system IP that accelerates system-on-chip (SoC) creation, focusing on innovative solutions for complex SoC designs, particularly in the context of AI-driven complexity.

What specific expertise does Joachim Kunkel bring to Arteris' (AIP) Board of Directors?

Joachim Kunkel brings expertise in semiconductor intellectual property, leadership in growing IP business, and insights into system-level simulation techniques for digital signal processing, which aligns with Arteris' focus on system IP for SoC creation.