EU and US could reach trade deal this weekend - Reuters
CAMPBELL, Calif. - Arteris, Inc. (NASDAQ:AIP), a semiconductor IP company with a market capitalization of $409 million and impressive gross profit margins of 90%, announced Tuesday that Whalechip has licensed its FlexNoC 5 network-on-chip interconnect IP for use in a custom ASIC designed for near-memory computing architecture.
The agreement aims to address memory access bottlenecks in modern chips. Whalechip will implement Arteris’ physically aware NoC IP in its ASIC development for applications including artificial intelligence, autonomous driving, cloud servers, and blockchain computing infrastructure. According to InvestingPro data, Arteris has demonstrated solid revenue growth of 14.68% over the last twelve months, indicating strong market demand for its IP solutions.
"Arteris is the proven industry leader for system IP with innovative and reliable technology such as FlexNoC 5 that will enable us to deliver on our custom ASIC vision," said Alex Yang, COO of Whalechip, according to the press release.
K. Charles Janac, president and CEO of Arteris, stated that the company’s FlexNoC 5 IP technology enables "power-efficient and performance-optimized AI SoCs across the globe."
The FlexNoC 5 interconnect IP is designed to facilitate efficient, high-performance network-on-chip designs for complex systems-on-chip. The technology aims to minimize development time while improving performance, lowering power consumption, and reducing die size for applications such as AI.
Arteris provides system IP for semiconductor creation, while Whalechip specializes in developing custom ASICs, processors, and computing system-level solutions focused on memory computing advancements.
This article is based on a press release statement from Arteris, Inc.
In other recent news, Arteris Inc. reported a 28% year-over-year increase in revenue for the first quarter of 2025, reaching $16.5 million and surpassing the forecasted $15.69 million. The company’s strong performance was attributed to AI-related deals and strategic investments in innovation. Additionally, Arteris held its annual stockholder meeting, where votes were cast for the election of two Class I directors. K. Charles Janac received 27,307,847 votes in favor, while S. Atiq Raza garnered 24,112,098 votes for their respective positions. Both nominees also had 4,325,257 broker non-votes. These developments highlight recent activities within the company, reflecting its ongoing business strategies and governance decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.