Intel Corporation Signs $20 Million Multi-Year License Agreement for Sonics System IP for SoC Platform Initiatives

Sonics Helps Intel Boost Performance, Streamline IP Integration in Advanced Mobile, Consumer Applications

MILPITAS, CA-- Aug 22, 2012 - Sonics, Inc.®, a leader of system IP for cloud-scale SoCs, today announced that Intel Corporation has licensed key IP components from Sonics portfolio of system IP for use in its SoC platforms -- which incorporate the Intel® Atom™ processor. Intel will work with Sonics to rapidly, intelligently and securely integrate a wide array of third party IP onto its SoC platform. This collaboration will help to increase performance, maintain competitive time-to-market schedules and offer superior platform design methodologies for tablets, netbooks, smartphones, as well as other Intel mobility and consumer products.

As a leading supplier of system IP, Sonics is experiencing tremendous growth in high-volume markets with semiconductor leaders in the mobile, consumer entertainment, wireless, home networking and automotive markets. Sonics offers semiconductor and systems companies best-in-class technology to build sophisticated, high performance, power-aware SoCs targeted for any cloud-connected device in the market today. Sonics helps SoC designers eliminate memory bottlenecks associated with intricate, high-speed design, effectively integrate IP from any third party, increase quality of services (QoS), and solve persistent network challenges in today's most complex systems.

"For decades, Intel has been an innovator and pacesetter, and its ability to enter and lead the fastest growing, high-volume markets is unparalleled in the industry," said Mark McMillian, vice president worldwide sales at Sonics. "By making such a long term, and significant financial commitment, Intel has clearly identified Sonics as essential system IP for their SoC platforms. With the first wave of exciting designs coming to market, SonicsSX® and related system IP has demonstrated best-in-class results. We provided Intel with an array of the most highly configurable system IP to design advanced, secure SoC platforms, and help them maintain their commitment to innovative, competitive design across major emerging segments."

About Sonics

Sonics, Inc. is a leader of system IP for cloud-scale SoCs. As a pioneer of network-on-chip (NoC) technology, Sonics offers SoC designers one of the world's largest portfolios of system IP for mobile, digital entertainment, wireless and home networking. With a broad array of silicon-proven IP, Sonics helps designers eliminate memory bottlenecks associated with complex, high-speed SoC design, streamline and unify data flows and solve persistent network challenges in embedded systems with multiple cores. Sonics has more than 110 patent properties to date and has enabled its customers to ship more than one billion chips worldwide. Founded in 1996, Sonics is headquartered in Milpitas, Calif. with offices worldwide. For more information, please visit www.sonicsinc.com.