Ceva Neural Processing Unit IP for Edge AI Selected by Nextchip for Next-Generation ADAS Solutions

Core Insights - Nextchip has licensed Ceva's NeuPro-M Edge AI NPU to enhance its advanced driver assistance systems (ADAS) solutions, aiming to improve performance and capabilities in automotive safety systems [1][2][3] Industry Overview - The global ADAS market is projected to reach $122.8 billion by 2030, with a compound annual growth rate (CAGR) of 19.4% from 2023 to 2030, driven by rising demand for safety features and autonomous driving technologies [2] Company Developments - Nextchip focuses on developing high-quality viewing cameras for automotive applications, ensuring exceptional performance in various lighting and weather conditions [1][4] - The integration of Ceva's NeuPro-M NPU is expected to enhance the accuracy and efficiency of Nextchip's ADAS systems, contributing to safer and more reliable vehicles [3][4] - Nextchip is also expanding its technology applications beyond automotive, targeting emerging sensor markets in robotics, smart cities, and industrial IoT [4] Technology Advancements - Ceva's NeuPro-M NPU supports advanced AI capabilities, including Vision Transformers (ViTs), which improve object recognition, segmentation, and Free Space detection in complex environments [2][3] - The NeuPro-M architecture is designed for high performance and low power consumption, capable of processing complex neural networks efficiently, with a scalable processing range of 4 to 400 TOPs per core [3]