Arteris, Inc. Stock Price, News & Analysis

Arteris, Inc. (Nasdaq: AIP) announced a licensing agreement with Axelera AI for its FlexWay interconnect IP, aimed at enhancing the Metis AI platform, designed for AI inference at the edge. This collaboration focuses on delivering superior performance with reduced power consumption, optimizing SoC connectivity for computer vision applications. The Metis AI processing unit features four homogeneous AI cores, capable of independent neural network processing, enhancing throughput and reducing latency. Axelera AI emphasizes the significance of Arteris’ technology in meeting performance goals and timelines for complex machine learning architectures. The architecture is fully compatible with Arm AMBA standards and promotes low power usage and automation of SoC connectivity.

Arteris, Inc. (Nasdaq: AIP) will announce its financial results for the first quarter ended March 31, 2023, on May 4, 2023, after market close. A conference call is scheduled for the same day at 4:30 PM ET to discuss the results. Interested parties can join the call by dialing 877-407-9208 (U.S./Canada) or +1-201-493-6784 (International). A live webcast will be available on the Investor Relations section of the Arteris website and a replay will be accessible approximately 2 hours post-call for 30 days.

Arteris provides system IP to accelerate system-on-chip (SoC) development, enhancing performance, lowering power consumption, and speeding up time to market, ultimately aiding customers in achieving better SoC economics.

Arteris, Inc. (Nasdaq: AIP) has announced that ASICLAND has licensed its FlexNoC interconnect IP with Automotive ASIL B and AI options, aimed at enhancing the design of automotive and AI SoCs. This technology is anticipated to significantly reduce design time for customers in diverse industries. ASICLAND is noted for its extensive experience in semiconductor designs, successfully completing over 250 tape-outs across various applications including AI, 5G, and automotive. Arteris' FlexNoC technology is recognized for its performance and technical support, allowing ASICLAND to swiftly meet market demands. The partnership aims to strengthen ASICLAND's capabilities in developing advanced automotive solutions.

Arteris, a provider of NoC interconnect technology, reported its fourth quarter and full year 2022 financial results on February 28, 2023. For Q4, revenue was $11.2 million, down 2% year-over-year, with a net loss of $7.2 million or $0.21 per share. Annual Contract Value plus Trailing Twelve Month Royalties reached $52.4 million, a 22% increase adjusted for losses from HiSilicon and DJI. The company is optimistic about growth, guided by expected Q1 2023 revenue of $11.0 - $13.0 million and FY 2023 revenue of $56.0 - $60.0 million, despite macro-economic uncertainties.

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.