BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
ROCKVILLE, Md. - Ceva, Inc. (NASDAQ: NASDAQ:CEVA), a prominent licensor of wireless connectivity and smart sensing technologies with a market capitalization of $773.3 million, announced today that ListenAI Technology has integrated Ceva’s Wi-Fi 6 IP into its line of edge AI processors. According to InvestingPro data, CEVA maintains impressive gross profit margins of 88.56% and currently trades near its 52-week high of $34.70. This strategic move aims to bolster the performance of smart devices that rely on advanced connectivity for applications in automotive, home appliances, consumer electronics, and more.
ListenAI’s processors are designed to enhance user experience through audio, voice, and vision features, and the inclusion of Ceva-Waves Wi-Fi 6 IP is expected to meet the rising demand for high-performance, reliable, and power-efficient connectivity in the burgeoning edge AI market. The partnership comes as CEVA demonstrates strong market momentum, with InvestingPro showing a remarkable 60.13% price return over the past six months.
Shao Zhiyong, CTO of ListenAI, emphasized the significance of the partnership, stating that working with Ceva has allowed them to improve wireless connectivity in their AI-driven products, thereby setting a new user experience standard in the edge AI space.
Tal Shalev, VP and GM of Ceva’s wireless IoT business unit, echoed the sentiment, highlighting the necessity of robust wireless connectivity for the optimal performance of edge AI devices. Shalev pointed out that their Wi-Fi 6 IP enables ListenAI’s products to connect, process, and respond in real-time, fostering smarter device interactions.
The collaboration is set to expand ListenAI’s offerings by combining advanced wireless capabilities with AI-driven features, addressing the need for devices that process data at the edge to reduce latency and ensure reliable performance. With analysts maintaining a positive outlook and predicting profitability this year, CEVA’s strategic moves appear well-timed. For deeper insights into CEVA’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
Ceva’s Wi-Fi IP family, part of the Ceva-Waves Wireless Connectivity portfolio, includes solutions for embedding Wi-Fi 802.11a/b/g/n (Wi-Fi 4), 802.11ac (Wi-Fi 5), 802.11ax (Wi-Fi 6/6E), and 802.11be (Wi-Fi 7) into SoC/ASSP designs. These solutions come with PHY modem functions, MAC functions, and full MAC software protocol stack, simplifying integration into SoC/ASSP designs.
ListenAI, known for integrating AI algorithms with proprietary chip designs, offers SoC chips for a variety of intelligent terminal applications, while Ceva’s IP technologies are utilized in over 18 billion smart edge products worldwide. This information is based on a press release statement.
In other recent news, Ceva, Inc., a leading licensor of smart connectivity and sensing technologies, has expanded its Board of Directors with the appointment of Amir Faintuch. Faintuch, a seasoned tech veteran, will serve as an independent director and member of the Strategic Committee. His extensive career features leadership roles at esteemed semiconductor companies such as GlobalFoundries (NASDAQ:GFS), Intel (NASDAQ:INTC), Qualcomm (NASDAQ:QCOM), and Texas Instruments (NASDAQ:TXN). Currently, Faintuch is the CEO of Volumez, a company specializing in Data Infrastructure as a Service.
The Chairman of the Board at Ceva, Peter McManamon, acknowledged Faintuch’s "extensive experience and deep expertise," expressing anticipation for his valuable insights, especially as Ceva seeks to expand in the smart edge AI sector. These developments are part of Ceva’s recent activities, which also include the company’s ongoing commitment to sustainability and environmental consciousness.
Ceva’s portfolio is an integral part of various advanced products, with its technologies powering over 18 billion smart edge products worldwide. This information is based on a recent press release statement from Ceva, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.