CAMBRIDGE, UK - July 18, 2000 ARM [(LSE:ARM); (Nasdaq:ARMHY)] today announced it has formed an equity alliance with CoWare[tm], Inc., an intellectual property (IP) integrator for system-on-chip (SoC) designs, and has invested $3 million for an equity stake in the company.
"CoWare N2C will enable our partners to cut the development time of systems based on ARM technology by as much as 50 percent," said Tudor Brown, chief technology officer for ARM. "By strengthening the relationship between our two companies, we will be able to further accelerate the design process for ARM-powered systems, meeting the market's growing demand for SoC products based on ARM cores and reinforcing our position as the industry's leading 16/32-bit embedded RISC microprocessor solution."
"Processor IP and embedded software are in the critical path of getting system chips into today's consumer products," said Guido Arnout, president and CEO of CoWare, Inc. "CoWare N2C allows development and debugging of embedded software on a virtual prototype of the SoC months ahead of what is currently possible. The first IP integrated into CoWare N2C in 1997 was the ARM7TDMI® core. Since then, we've seen tremendous demand for ARM's processor technology in embedded applications."