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Ceva-Waves Wi-Fi 6 IP Powers WUQI Microelectronics Wi-Fi/Bluetooth Combo Chip
Prnewswire· 2025-02-05 12:00
Core Insights - Ceva, Inc. has announced that WUQI Microelectronics has licensed its Ceva-Waves Wi-Fi 6 High-Performance STA IP platform for the WQ9201 Wi-Fi/Bluetooth combo chip, targeting consumer electronics like smartphones and tablets [1][3] - The WQ9201 chip has received the 2024 "China Core" Excellent Technology Innovation Product Award, highlighting its industry recognition [1] - The Ceva-Waves Wi-Fi 6 IP provides WUQI with a compact and low-power hardware modem and MAC accelerator, enabling high throughput and stable wireless transmission [2][3] Company Overview - Ceva, Inc. specializes in silicon and software IP for smart edge devices, focusing on wireless connectivity, sensing, and Edge AI technologies [6][7] - WUQI Microelectronics is a fabless semiconductor company that designs connectivity and edge AI chips, with a product portfolio that includes SoCs for Wi-Fi and Bluetooth [5][6] - Both companies aim to enhance wireless connectivity in consumer electronics, with Ceva's technology enabling WUQI to deliver a competitive Wi-Fi 6 solution [3][4]
Ceva, Inc. Appoints Amir Faintuch to its Board of Directors
Prnewswire· 2025-01-29 12:00
Core Insights - Ceva, Inc. has appointed Amir Faintuch as an independent director on its Board of Directors, expanding the board to eight members, with seven being independent [1][2][3] - Amir Faintuch brings extensive experience from leading semiconductor companies, which is expected to provide valuable insights for Ceva's growth and strategy in the smart edge AI sector [3] Company Overview - Ceva, Inc. specializes in silicon and software IP that enhances the connectivity, sensing, and data inference capabilities of smart edge devices [1][4] - The company offers a broad portfolio of IP solutions, including wireless connectivity technologies (Bluetooth, Wi-Fi, UWB, and 5G), scalable Edge AI NPU IPs, and sensor fusion solutions [4] - Ceva's technologies are integrated into over 18 billion smart edge products, including AI-infused smartwatches, IoT devices, wearables, autonomous vehicles, and 5G mobile networks [4] Leadership and Strategy - Amir Faintuch currently serves as the CEO of Volumez and has held senior positions at GlobalFoundries, Intel, and Qualcomm, contributing to his expertise in technology and business [3] - The addition of Faintuch to the board is seen as a strategic move to enhance leadership and drive the company's next phase of growth in the smart edge AI era [3]
Ceva, Inc. Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Prnewswire· 2025-01-14 12:00
Core Viewpoint - Ceva, Inc. will announce its fourth quarter and full year 2024 results on February 13, 2025, before the NASDAQ market opens, followed by a conference call to discuss the operating performance for the quarter [1] Company Overview - Ceva, Inc. is a leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense, and infer data more reliably and efficiently [1] - The company offers a broad portfolio of IP solutions, including wireless connectivity IPs (Bluetooth, Wi-Fi, UWB, and 5G platform IP), scalable Edge AI NPU IPs, and sensor fusion solutions [4] - Ceva powers over 18 billion smart edge products, including AI-infused smartwatches, IoT devices, wearables, autonomous vehicles, and 5G mobile networks [4] Conference Call Details - The conference call will take place at 8:30 a.m. Eastern Time on February 13, 2025, and will be accessible via dial-in numbers and a live webcast [2][8] - A replay of the conference call will be available for those who cannot access the live broadcast, with specific dialing instructions provided [3] Corporate Responsibility - Ceva emphasizes sustainability and environmental consciousness, adhering to a Code of Business Conduct and Ethics, focusing on environmental preservation, recycling, employee welfare, and privacy [6]
Ceva Powers Oritek's Next-Gen ADAS chipsets for Smarter, Safer Electric Vehicles
Prnewswire· 2025-01-08 12:00
Core Insights - Oritek Semiconductor has licensed Ceva's SensPro Vision AI DSP for its Longquan 560 series of ADAS chipsets, enhancing capabilities in the rapidly growing EV market in China and globally [1][2][3] - The Longquan 560 series aims to meet diverse intelligent automotive needs, including AI-based headlights and camera monitoring systems, while reducing development costs and accelerating time-to-market for automakers [2][3] - The global EV market is experiencing significant growth, with China accounting for over 50% of global EV sales, and battery-powered electric vehicles expected to represent 30% of global vehicle sales by 2027 [4] Company Overview - Ceva, Inc. specializes in silicon and software IP for Smart Edge devices, focusing on wireless communications, sensing, and Edge AI technologies [6][8] - The SensPro Vision AI DSP is designed for multitasking sensor processing, supporting various applications in automotive, robotics, and smart home devices [5] - Ceva's technology powers over 17 billion smart edge products, including AI-infused devices and autonomous vehicles, emphasizing performance at ultra-low power [6][8]
Ceva Expands Embedded AI NPU Ecosystem with New Partnerships That Accelerate Time-to-Market for Smart Edge Devices
Prnewswire· 2025-01-07 12:00
- Cyberon and AIZIP collaborate with Ceva to offer pre-optimized AI models for Ceva-NeuPro-Nano Embedded AI NPUs including keyword spotting, face recognition and speaker identification - Expanded collaboration with Edge Impulse includes support for NVIDIA's TAO Toolkit and availability of Edge Impulse Studio integration with Ceva-NeuPro-Nano LAS VEGAS, Jan. 7, 2025 /PRNewswire/ -- CES 2025 -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connec ...
Ceva Embedded AI NPUs Gain Traction in AIoT and MCU Markets, with Multiple Customer Wins and Enhanced AI Software Studio
Prnewswire· 2025-01-07 12:00
Core Insights - Ceva, Inc. has introduced the Ceva-NeuPro-Nano 32 and 64 MAC NPUs, which are designed for embedded AI workloads, gaining traction in the AIoT and MCU markets with multiple customer wins and an enhanced development studio [1][2][3] Product Features - The Ceva-NeuPro-Nano NPUs provide a unique combination of power, performance, and cost efficiencies, serving as an all-in-one solution for feature extraction, neural network compute, DSP workloads, and control code execution, achieving a Coremark/MHz score of 6.0 [2][3] - The Ceva-NeuPro Studio is an integrated development environment (IDE) that supports multiple open-source AI frameworks, enabling customers to develop, optimize, deploy, and evaluate AI applications on the NPUs [5] Market Position and Achievements - The rapid adoption of Ceva-NeuPro-Nano NPUs reflects the company's commitment to innovation in embedded AI, with significant praise from semiconductor companies for their efficiency and capability to handle complex workloads [3] - Ceva has received two prestigious industry awards: Best IP/Processor of the Year 2024 at the EE Awards Asia and the 2024 IoT Edge Computing Excellence Award, highlighting its leadership in the sector [5] Company Overview - Ceva, Inc. specializes in silicon and software IP for Smart Edge devices, powering over 18 billion smart edge products globally, including AI-infused smartwatches, IoT devices, and autonomous vehicles [4][6]
Ceva Wi-Fi 6 and Bluetooth IPs Power Bestechnic's New Combo Products
Prnewswire· 2025-01-06 12:00
Bestechnic integrates market leading Ceva-Waves Wi-Fi 6 IP together with Ceva-Waves Bluetooth Dual Mode IP in low power silicon products targeting smart wearables, smart home and smart audio applications LAS VEGAS, Jan. 6, 2025 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and efficiently, today announced that Bestechnic, a global leader in the design and development of wireless ultra- ...
MediaTek and Ceva Collaborate for More Immersive Spatial Audio Mobile Entertainment Experience
Prnewswire· 2025-01-06 12:00
-Companies partner to bring Ceva-RealSpace Elevate multi-channel spatial audio solution with head tracking to the MediaTek Dimensity 9400 flagship 5G smartphone chip, delivering immersive audio experiences to True Wireless Stereo (TWS) earbuds and headphones using Bluetooth® LE Audio-At CES 2025, Ceva will demonstrate the groundbreaking spatial audio solution, creating a true-to-life listening experience beyond traditional stereo and surround sound systemsLAS VEGAS, Jan. 6, 2025 /PRNewswire/ -- Ceva, Inc. ( ...
Ceva-NeuPro-Nano Wins Product of the Year Award at Prestigious EE Awards Asia Event
Prnewswire· 2024-12-05 12:00
- Extending its Smart Edge IP leadership, Ceva-NeuPro-Nano™ received the Best IP/Processor of the year - Ceva-NeuPro-Nano NPUs deliver optimal balance of ultra-low power and best performance in small area to efficiently execute embedded AI workloads in consumer, industrial and general-purpose AIoT products ROCKVILLE, Md., Dec. 5, 2024 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP that enables Smart Edge devices to connect, sense and infer data more reliably and e ...
CEVA(CEVA) - 2024 Q3 - Quarterly Report
2024-11-08 21:15
Financial Performance - Total revenues for the nine months ended September 30, 2024, were $77,716,000, an increase of 6.0% compared to $73,257,000 for the same period in 2023[13]. - Gross profit for the nine months ended September 30, 2024, was $68,319,000, up from $63,868,000, reflecting a gross margin improvement[13]. - Operating loss decreased to $(7,619,000) for the nine months ended September 30, 2024, compared to $(10,680,000) for the same period in 2023, indicating improved operational efficiency[13]. - Net loss from continuing operations for the nine months ended September 30, 2024, was $(7,050,000), a significant reduction from $(10,339,000) in the prior year[15]. - Total revenues for the nine months ended September 30, 2024, reached $77.716 billion, a 6.5% increase from $73.257 billion for the same period in 2023[62]. - Revenue from the United States for the nine months ended September 30, 2024, was $12.022 billion, up from $5.668 billion in the previous year, reflecting a significant growth[62]. - Revenue from Asia Pacific for the nine months ended September 30, 2024, was $54.037 billion, a decrease of 4.4% compared to $56.551 billion in the same period of 2023[62]. - Basic and diluted net loss per share from continuing operations was $(0.30) for the nine months ended September 30, 2024, compared to $(0.44) in the prior year, indicating a narrowing loss per share[13]. Assets and Equity - Total current assets as of September 30, 2024, were $210,712,000, compared to $209,371,000 as of December 31, 2023, indicating a slight increase[10]. - Total stockholders' equity rose to $265,770,000 as of September 30, 2024, compared to $264,341,000 at the end of 2023[12]. - The company’s total stockholders' equity as of September 30, 2024, was $265,770,000, reflecting a stable financial position[16]. - Total stockholders' equity as of September 30, 2023, was $256,700,000, a decrease from $258,871,000 as of January 1, 2023[17]. Cash Flow and Investments - Cash and cash equivalents decreased from $23,287,000 at December 31, 2023, to $13,228,000 at September 30, 2024[10]. - Cash used in operating activities for the first nine months of 2024 was $4.6 million, consisting of a net loss of $7.0 million and adjustments for non-cash items of $13.6 million[147]. - As of September 30, 2024, the company had approximately $158.1 million in cash, cash equivalents, bank deposits, and marketable securities, down from $166.5 million at December 31, 2023[143]. - The company invested $41.3 million in marketable securities during the first nine months of 2024, while selling or redeeming marketable securities for $34.4 million[145]. - Unrealized losses associated with the company's investment portfolio were approximately $1.1 million as of September 30, 2024, due to changes in the interest rate environment[159]. Research and Development - Research and development expenses for the nine months ended September 30, 2024, were $54,739,000, slightly up from $54,544,000 in the same period last year, indicating continued investment in innovation[13]. - The number of research and development personnel increased to 326 as of September 30, 2024, from 322 a year earlier[125]. Market Position and Growth - The company expects the overall addressable market size for IoT devices to exceed 15 billion annually by 2027, driven by trends in 5G and AI technologies[5]. - The company is well-positioned for long-term growth in shipments and royalty revenues from smart edge products across consumer, automotive, industrial, and infrastructure markets[6]. - The company anticipates year-over-year revenue growth in 2024, with a significant portion of future revenues expected from a limited number of customers[6]. - The company is a leader in innovative silicon and software IP solutions, powering over 18 billion smart edge products globally[22]. Customer and Revenue Diversification - Major customers represented 13% of total revenues for Customer A in the nine months ended September 30, 2024, compared to 10% in the same period of 2023[65]. - The five largest customers accounted for 48% of total revenues in Q3 2024, down from 53% in Q3 2023, indicating a diversification in the customer base[114]. Stock and Compensation - The company granted 10,600 stock options during the nine months ended September 30, 2024, with a weighted average exercise price of $19.61[70]. - The company expects to recognize $257,000 of unrecognized compensation expense related to unvested stock options over a weighted-average period of 2.1 years[70]. - Total equity-based compensation expense from continuing operations for the nine months ended September 30, 2024, was $11,679,000, compared to $11,431,000 for the same period in 2023[77]. Share Repurchase Program - The company repurchased 186,301 shares of common stock at an average price of $22.44 per share for a total of $4,180,000 during the three months ended September 30, 2024[90]. - The total number of shares repurchased in the nine months ended September 30, 2024, was 343,604 at an average price of $21.70 per share, totaling $7,456,000[90]. - The company authorized an expansion of the share repurchase program by an additional 700,000 shares, increasing the total available for repurchase to approximately 1,056,000 shares[92]. Strategic Initiatives - In Q3 2024, the company signed ten IP licensing deals across various wireless and smart sensing applications[100]. - The company signed three new deals for 5G and 5G-Advanced use cases in Q3 2024, indicating strong demand for its 5G IPs[102]. - The company achieved a shipment milestone with over 400 million units for its wireless connectivity IPs in Q3 2024[101].