CAMPBELL, Calif. - Arteris, Inc. (NASDAQ: AIP), a prominent system IP provider, announced today the initial outcomes of its collaboration with Arm, aimed at accelerating innovation in automotive electronics. The partnership leverages Arm's latest Automotive Enhanced (AE) technologies and Arteris' Ncore cache coherent interconnect IP to facilitate the development of advanced vehicle systems.
The collaboration is set to benefit a range of automotive applications, including autonomous driving, advanced driver-assistance systems (ADAS), and infotainment, among others. By integrating Armv9-based Cortex processors with Arteris system IP, the initiative aims to streamline the creation of system-on-chip (SoC) designs, thereby hastening their entry into the market.
Arteris has optimized and pre-validated its Ncore interconnect IP for use with Arm Cortex-A cores and other components, using hardware emulation to ensure compatibility. This process helps to validate critical cache coherency cases, enabling the development of high-performance SoCs that are power-efficient and suited for safety-critical tasks.
The Ncore interconnect IP boasts high bandwidth and low latency, and its flexibility allows for user-defined configurations to support various topologies. This interoperability is crucial for meeting the complex demands of modern automotive electronics.
Suraj Gajendra, vice president of products and solutions at Arm's Automotive Line of Business, emphasized the significance of this partnership for the automotive industry, highlighting the need for new development and deployment methodologies. Frank Schirrmeister, vice president of solutions and business development at Arteris, echoed the sentiment, noting that the collaboration with Arm enhances productivity and expedites the SoC design process for their customers.
Arteris, renowned for its network-on-chip (NoC) interconnect IP and SoC integration automation technology, facilitates higher product performance and faster time to market, improving SoC economics for its customers.
This news is based on a press release statement from Arteris.
InvestingPro Insights
Arteris, Inc. (NASDAQ: AIP) is making waves in the automotive electronics sector with its recent partnership with Arm, but what does the financial data say about the company's performance and potential? According to InvestingPro data, Arteris holds a market capitalization of $258.51 million and boasts an impressive gross profit margin of 90.54% for the last twelve months as of Q4 2023. This indicates a strong ability to manage costs and maintain profitability on its products and services.
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Despite not being profitable over the last twelve months, Arteris has seen a significant return over the last year, with a 55.58% price total return. This could be a signal to investors of the company's growth potential and the market's optimistic view of its future. For those interested in more detailed analysis, there are additional InvestingPro Tips available, which can be accessed through the InvestingPro platform. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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