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Arteris, Inc. reports developments in semiconductor System IP for complex system-on-chip and chiplet designs. The company’s updates center on network-on-chip interconnect IP, including FlexNoC and FlexGen, SoC integration automation software such as Magillem, and hardware security assurance added through Cycuity.
Recurring news includes financial results and guidance, royalty and design-start metrics, customer deployments with semiconductor companies, and collaborations for AI-enabled automotive, edge computing, embedded, robotics, industrial and consumer applications. Arteris also reports equity inducement grants and other public-company governance actions tied to its Nasdaq-listed security.
Arteris, Inc. (Nasdaq: AIP) and SiFive have announced a strategic partnership to enhance Edge AI product innovation for both consumer electronics and industrial applications. This collaboration leverages SiFive's RISC-V processor IP and Arteris' system IP to create solutions that improve interoperability and accelerate the development of Edge AI SoCs. The newly launched SiFive 22G1 X280 Customer Reference Platform, featuring a SiFive X280 processor and Arteris Ncore interconnect IP, aims to streamline product development while optimizing performance and power efficiency. This partnership positions both companies to effectively address the growing demands for complex SoCs in the AI-driven market.
On February 22, 2023, Arteris, Inc. (Nasdaq: AIP) unveiled its latest innovation, Arteris FlexNoC 5, a fifth-generation network-on-chip (NoC) interconnect IP technology. This advancement offers up to 5X faster physical convergence compared to manual iterations, streamlining system-on-chip (SoC) development. FlexNoC 5 enhances capabilities for managing physical constraints in power, performance, and area (PPA), allowing teams to meet project deadlines within budget. Additionally, it expands support for Arm AMBA 5 protocols and introduces options for automotive safety and memory optimization.
Arteris, a leading provider of system IP for SoC development, will announce its financial results for Q4 and the full year ended December 31, 2022, on February 28, 2023, after market close. A conference call is scheduled for the same day at 4:30 PM ET, accessible via phone and webcast. Arteris' solutions aim to enhance performance and efficiency in electronic systems, enabling quicker time-to-market and improved economics for customers.
On January 12, 2023, Arteris (Nasdaq: AIP) announced the grant of 260,483 restricted stock units (RSUs) to four new employees as inducement awards under its 2022 Employee Inducement Incentive Plan. This decision complies with Nasdaq Listing Rule 5635(c)(4) and was approved by the board of directors. The RSU grant date is recorded as January 10, 2023. Arteris specializes in providing system IP for system-on-chip (SoC) development, promoting higher product efficiency and quicker market readiness.
Arteris, Inc. (Nasdaq: AIP) has successfully acquired Semifore, Inc., a provider of hardware/software interface technology. This acquisition aims to enhance Arteris' system-on-chip (SoC) development by integrating Semifore's register management technology, crucial for effective hardware-software integration. While the financial terms remain undisclosed, the acquisition is not expected to materially impact Arteris' revenue or earnings in 2023. The merger is projected to accelerate SoC designs and reduce the risks associated with redesigns, offering a unified solution for hardware and software control.
Arteris, Inc. (Nasdaq: AIP) announced a collaboration with Telechips to integrate its FlexNoC interconnect IP into new automotive SoC products. These designs adhere to the latest automotive safety standards, including ISO 26262 and ASIL B/D, ensuring compliance with security requirements for advanced applications like ADAS and MCUs. The partnership aims to enhance performance, scalability, and safety in automotive systems, supporting Telechips' expansion in this space.
Arteris, Inc. (Nasdaq: AIP) announced the granting of 510,837 restricted stock units (RSUs) to four new employees as inducement awards under its 2022 Employee Inducement Incentive Plan. The RSU grants, effective November 8, 2022, were approved by the company's compensation committee in accordance with Nasdaq Listing Rule 5635(c)(4). Arteris specializes in system IP technology, enhancing the development and integration of system-on-chip (SoC) solutions across various sectors, including automotive and 5G communications.
Arteris, Inc. reported strong third-quarter results, with a revenue increase of 41% to $12.6 million and an Annual Contract Value plus Trailing-Twelve-Month Royalties of $53.2 million, up 17% year-over-year. However, the company faced an operating loss of $7.8 million, equating to 61% of revenue. The firm added 10 active customers, including partnerships in automotive and space sectors. For Q4 2022, Arteris estimates revenue between $10.8 million and $11.8 million, with a projected non-GAAP operating loss of 50.2% to 70.2% of revenue.
Arteris, Inc. (Nasdaq: AIP) has announced the appointment of Christel Mauffet-Smith as its Executive Vice President of Global Sales as of November 7, 2022. Mauffet-Smith brings over two decades of experience from leading firms including Cadence, Ansys, and Synopsys. Her role will encompass worldwide responsibility for sales and customer support, aimed at enhancing customer success and expanding market reach. K. Charles Janac, President and CEO, emphasized her strategic acumen and proven track record in driving growth and efficiency.
Arteris, Inc. (Nasdaq: AIP) has secured a significant multiyear licensing agreement with Microchip Technology Inc. for its advanced FlexNoC interconnect IP. This technology enhances performance, configurability, and low power consumption for Microchip's next-generation 32-bit microcontroller (MCU) product line, which targets aerospace, machine learning, and embedded computing sectors. Arteris CEO, K. Charles Janac, noted this deal underscores their technology's adaptability across diverse markets. The partnership signifies a notable expansion in Arteris' client base.