Arteris, Inc. - AIP STOCK NEWS

Arteris (Nasdaq: AIP), a leading provider of system IP for SoC creation, has announced that it will release its financial results for the third quarter ended September 30, 2024, after market close on Tuesday, November 5, 2024. The company will host a conference call on the same day at 4:30 PM ET to discuss the results.

Interested parties can join the call by dialing:

• United States/Canada Toll Free: +1-800-717-1738
• International Toll: +1-646-307-1865

Arteris and SiFive have announced a pre-verified solution for the datacenter market, combining Arteris Ncore cache coherent interconnect IP with SiFive P870-D processors. This collaboration aims to reduce project risk and accelerate SoC development for high-performance applications in datacenter and embedded systems markets.

The solution addresses demanding AI workload requirements, offering high compute density and scalability. SiFive's P870-D CPU supports the open AMBA CHI protocol, allowing customers to scale cluster numbers for improved performance while minimizing power consumption. Arteris Ncore IP provides a configurable and scalable network-on-chip interconnect for heterogeneous cache coherent SoCs.

This partnership aims to enable faster, low-risk development cycles for datacenter SoCs with high-performance AI workload and power efficiency requirements.

Arteris, Inc. (Nasdaq: AIP) has announced an innovative evolution of its network-on-chip (NoC) IP products with tiling capabilities and extended mesh topology support for faster development of AI and ML compute in SoC designs. This new functionality enables design teams to scale compute performance by more than 10 times while meeting project schedules and PPA goals.

Key benefits include:

• Scalable Performance: Easily scale systems-on-chip with AI by more than 10 times without changing the basic design
• Power Reduction: Network-on-chip tiles can be turned off dynamically, cutting power by 20% on average
• Design Reuse: Pre-tested network-on-chip tiles can be reused, cutting SoC integration time by up to 50%

The combination of tiling and mesh topologies in Arteris' FlexNoC and Ncore products can reduce XPU sub-system design time and overall SoC connectivity execution time by up to 50% compared to manually integrated, non-tiled designs.

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.

Arteris, Inc. (Nasdaq: AIP) announced that VeriSilicon has licensed its FlexNoC 5 interconnect IP for high-performance data center SoC solutions. The physically aware interconnect IP offers enhanced cost and design efficiency, scalability, and reliability. VeriSilicon, a custom silicon service provider, has a long-standing relationship with Arteris and has successfully implemented their network-on-chip (NoC) interconnect technology in various SoC designs.

FlexNoC 5 enables VeriSilicon to optimize NoC interconnect logic and physical layouts, reducing iterations and accelerating time to market. It handles high-bandwidth data flows, manages communication between multiple cores, and supports additional components without impacting timing closure. This technology empowers VeriSilicon to design data center SoCs with high-performance computing architectures while effectively addressing timing closure and congestion challenges.

Arteris (Nasdaq: AIP) reported strong Q2 2024 financial results, with revenue up 13% sequentially to $14.6 million. The company achieved record Annual Contract Value and Trailing-Twelve-Month Variable Royalties of $60.1 million, a 3% year-over-year increase. Notably, Arteris reported positive free cash flow for the second consecutive quarter.

Key highlights include:

• Remaining performance obligation (RPO) grew 19% year-over-year to $77.5 million
• Non-GAAP operating loss improved to $3.5 million from $4.2 million in the year-ago period
• Added seven new customers across various markets
• Expanded presence in the Automotive sector with two new global OEM customers

For Q3 2024, Arteris projects ACV + TTM royalties of $58.5-$62.5 million and revenue of $14.2-$15.2 million. Full-year 2024 guidance estimates revenue between $56.0-$58.0 million.

Arteris (Nasdaq: AIP), a leading provider of system IP for SoC creation, has announced its Q2 2024 financial results release scheduled for Thursday, August 1, 2024, after market close. The company will host a conference call at 4:30 PM ET on the same day to discuss the results.

Interested parties can join the call via phone or watch a live webcast on the company's investor relations website. A replay of the webcast will be available for approximately 30 days after the call. This announcement provides investors and analysts with the opportunity to prepare for Arteris' upcoming financial disclosure and gain insights into the company's performance for the quarter ended June 30, 2024.

Arteris (Nasdaq: AIP) announced its inclusion in the Russell 2000 Index, a significant milestone reflecting the company's growth and enhanced visibility in the semiconductor IP industry. President and CEO, K. Charles Janac, stated that this achievement validates their growth trajectory and commitment to delivering advanced SoC design solutions. The Russell 2000 Index, part of the broad-market Russell US Indexes, includes the 4,000 largest US stocks ranked by market capitalization. Approximately $10.5 trillion in assets are benchmarked against these indexes. Membership in the Russell 2000 is determined based on market-capitalization rankings and style attributes.

Arteris (Nasdaq: AIP) announced that Esperanto Technologies has chosen its CSRCompiler software for integrating RISC-V processors in AI and HPC solutions. Esperanto, known for its energy-efficient AI and HPC systems, will utilize CSRCompiler for its next-gen ET-SoC-1 chip, aiming for reduced total cost of ownership and high energy efficiency in data centers and enterprise-edge applications. The chip, featuring 1,000 64-bit RISC-V cores, is optimized for machine learning and large language models. The CSRCompiler software aids in design automation, error reduction, and faster market delivery, important for Esperanto's high-quality silicon production.