Arteris to continue to license, support and maintain Arteris FlexNoC® interconnect IP
SUNNYVALE, California October 31, 2013 Arteris Inc., a leading innovator and supplier of silicon-proven commercial network-on-chip (NoC) interconnect IP solutions, today announced that Qualcomm Technologies, Inc. (Qualcomm), a subsidiary of Qualcomm Incorporated, has acquired certain technology assets from Arteris and hired personnel formerly employed by Arteris.
As part of the acquisition transaction, Arteris retains the right to license, support and maintain the existing Arteris FlexNoC and Arteris FlexLLI product lines in order to fulfill existing and new licensing contracts. Qualcomm has agreed to make certain FlexNoC updates available to Arteris based upon an agreed upon schedule and provide certain engineering support to Arteris. Arteris has rights to make customer support-related modifications to FlexNoC. There are no changes in Arteris contractual obligations or operations with customers or industry partners.
Arteris is a leader in the semiconductor intellectual property (IP) field, and licenses FlexNoC interconnect IP that is used in many mobile SoC phone projects today. Arteris has over 50 licensees who have utilized the FlexNoC interconnect IP on nearly 200 SoC, FPGA and IP subsystem projects for use in market-leading electronic products.
Arteris NoC technology has been and will continue to be a key enabler for creating larger and more complex chips in a shorter amount of time at a lower cost, said K. Charles Janac, President and CEO, Arteris. This acquisition of our technology assets represents a validation of the value of Arteris Network-on-Chip interconnect IP technology.
The commercial terms of the transaction have not been disclosed. Arteris was represented in the transaction by Morgan Stanley & Co. LLC.
Arteris, Inc. provides Network-on-Chip interconnect IP and tools to accelerate System-on-Chip semiconductor (SoC) assembly for a wide range of applications. Customer results obtained by using the Arteris product line include lower power, higher performance, more efficient design reuse and faster SoC development, leading to lower development and production costs. More information can be found at www.arteris.com.