Welcome to our dedicated page for Arteris news (Ticker: AIP), a resource for investors and traders seeking the latest updates and insights on Arteris stock.
Arteris, Inc. Common Stock (symbol: AIP) is a premiere technology company specializing in network-on-chip (NoC) interconnect IP and system-on-chip (SoC) integration solutions. Arteris’ innovative products are designed to enhance the performance and efficiency of semiconductor devices by providing flexible, efficient interconnect technology enabling reduced cycle times, increased margins, and the effortless addition of functionality.
Arteris' NoC interconnect IP, such as FlexNoC and Ncore, facilitates high-bandwidth, low-latency on-chip connectivity that is essential for a variety of advanced electronic systems. The company's modular architecture allows semiconductor designers to optimize throughput, power, latency, and floorplan, significantly reducing the complexity and physical constraints associated with traditional bus and crossbar interconnect approaches.
Arteris serves a global customer base spanning the Americas, Asia Pacific, Europe, and the Middle East, with a notable concentration of revenues from Asia Pacific. The company’s technology is integrated into devices ranging from 5G base stations and AI accelerators to automotive systems and enterprise computing platforms. This wide application scope is enabled by partnerships with industry leaders such as EdgeQ, Mobileye, and Rebellions.
Recent achievements include the deployment of Arteris’ FlexNoC in EdgeQ’s revolutionary 5G and AI-driven Base Station-on-a-Chip, collaboration with Arm for optimized automotive electronics, and the selection of Arteris' technology by Rebellions for next-generation AI applications. Additionally, Arteris’ Ncore interconnect IP has achieved ISO 26262 certification for functional safety, emphasizing its reliability in mission-critical systems.
Financially, Arteris has shown robust activity with a significant increase in design starts and new customer acquisitions. The company's latest quarterly results reflect strong revenue growth and expanding market influence, underpinned by strategic collaborations and product innovations. Furthermore, Arteris' strategic focus on high-growth sectors such as AI, automotive, and enterprise computing positions it well for continued success.
Arteris continues to advance its technology offerings with tools like Magillem and CSRCompiler, which automate SoC integration processes, further enhancing design efficiency and reducing time-to-market for new products. These solutions underscore Arteris' commitment to providing comprehensive, high-performance IP that meets the evolving needs of the semiconductor industry.
Arteris Inc. (Nasdaq: AIP) announced a collaboration with SiMa.ai to integrate its FlexNoC interconnect IP into SiMa.ai's Machine Learning System-on-Chip (MLSoC). This partnership aims to enhance AI/ML computing at the edge with high speed and low latency capabilities. The collaboration enables efficient connectivity between SiMa.ai's SoC and ML accelerators, enhancing customer experience. Both companies express mutual appreciation for their ongoing collaboration and the successful integration of technology, which facilitates a push-button deployment experience for clients.
Arteris, a leader in NoC IP technology, reported strong Q2 2022 results with revenue of $14.8 million, up 37% year-over-year. The Annual Contract Value plus TTM royalties reached $51.7 million, an 18% increase year-over-year. However, the company posted an operating loss of $5.4 million (37% of revenue) and a net loss of $5.7 million ($0.18 per share). Looking forward, Arteris projects Q3 revenue between $10.5 - $12.5 million and FY 2022 revenue of $49.5 - $52.5 million. The company added nine new active customers in Q2, indicating growing demand despite economic challenges.
Arteris IP (NASDAQ: AIP) announced it will release its financial results for Q2 ended June 30, 2022, on August 9, 2022, after market close. A conference call to discuss these results will take place on the same day at 4:30 PM ET. Participants can join by dialing specific toll-free numbers or via a live webcast on Arteris IP’s Investor Relations webpage. The company is recognized for its network-on-chip (NoC) interconnect technology, aiding in the development of SoC semiconductor devices for various applications, lowering costs and increasing efficiency.
Arteris Inc. (Nasdaq: AIP) has successfully deployed its FlexNoC® interconnect IP with Inuitive, enhancing the capabilities of advanced vision processing systems. This collaboration focuses on optimizing connectivity and timing solutions for Inuitive's new Vision-on-Chip processors, which integrate multiple vision technologies into a single chip. Benefits include reduced latency, improved AI-based object detection, and superior performance. The technology is expected to advance next-generation vision systems while enabling scalability for future innovations.
Arteris Inc (Nasdaq: AIP) has announced that Inuitive, a fabless semiconductor firm, has successfully deployed its FlexNoC® interconnect IP for next-generation vision platforms. This technology aims to solve connectivity and timing challenges and is crucial for the performance of advanced vision processors. Inuitive's Vision-on-Chip processors integrate various vision capabilities into a single chip, enhancing depth sensing, AI object detection, and localization. Arteris continues to be a leading choice in high-performance solutions for complex multi-core systems.
Arteris, Inc. (Nasdaq: AIP), a leader in network-on-chip (NoC) technology for system-on-chip (SoC) semiconductor devices, announced participation in three upcoming conferences. CEO K. Charles Janac and CFO Nick Hawkins will represent the company at:
- Cowen 50th Annual Technology, Media & Telecom Conference on June 2, 2022, at 10:50 AM ET in New York City.
- Baird’s Global Consumer, Technology & Services Conference on June 6, 2022, at 9:05 AM ET in New York City.
- Rosenblatt 2nd Annual Technology Summit on June 9, 2022, at 11:00 AM ET virtually.
Webcast presentations will be available on Arteris IP's website.
Arteris, Inc. reported strong Q1 2022 results with a 77% increase in revenue to $11.8 million and a 26% rise in Annual Contract Value plus Trailing Twelve Month Royalties to $52.8 million year-over-year. However, the company recorded an operating loss of $6.6 million, representing 56% of revenue. With a remaining performance obligation of $60.5 million, up 28%, the company remains optimistic about future opportunities in the automated SoC design market. Estimated Q2 revenue guidance is between $11.5 and $14.5 million.
Arteris IP (Nasdaq: AIP) announces the adoption of its FlexNoC interconnect IP by Sondrel for advanced driver-assistance systems (ADAS). The FlexNoC solution is recognized for its configurability and performance, targeting the SFA 350A automotive vehicle IP platform. The architecture supports ISO 26262 requirements and enables flexible design for various sensor inputs, enhancing scalability. This collaboration aims to accelerate high-performance compute solutions for the automotive sector, ultimately facilitating the development of custom system-on-chip (SoC) solutions.
Arteris IP (NASDAQ: AIP) will announce its financial results for Q1 2022 on May 10, 2022, post-market close. A conference call for discussion will be held at 4:30 PM ET that same day, accessible via phone and webcast. The company specializes in system IP, particularly network-on-chip interconnect and deployment software, aimed at enhancing SoC development for various applications, including AI and automotive sectors. Their products promise lower power usage, higher performance, and faster development times for clients like Bosch and Samsung.
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