Michael Boukaya, Chief Operating Officer of Ceva, commented: "Winning Best IP/Processor of the Year for Ceva-XC21 underscores our commitment to driving innovation in wireless connectivity. By combining ultra–efficient DSP processing with embedded AI, The Ceva-XC21 enables smarter connectivity for billions of devices - from IoT sensors to advanced smart–home gateways. This award affirms our vision to deliver the IP that makes ubiquitous connectivity practical and scalable for the next decade of connected inn ...

Core Insights - GlobalFoundries and Silicon Labs have expanded their strategic partnership to enhance the development of energy-efficient wireless technologies and bolster U.S.-based semiconductor manufacturing [1][4] - This collaboration introduces a new process technology in the U.S. aimed at accelerating the production of high-performance wireless solutions at GlobalFoundries' facility in Malta, New York [2][4] Company Developments - Silicon Labs' wireless system-on-chips (SoCs) will be produced on GlobalFoundries' new 40nm Ultra Low Power platform, which features embedded SuperFlash technology, making it suitable for IoT applications requiring energy efficiency and data security [3][4] - The partnership aims to meet the rising demand for advanced wireless connectivity in consumer and industrial IoT applications, reflecting both companies' commitment to U.S. semiconductor leadership and supply chain resilience [4][5] Market Context - The collaboration is positioned to address the growing need for secure and reliable wireless connectivity in smart consumer and industrial devices, highlighting the importance of onshore semiconductor manufacturing [4][5] - Development is currently underway, with production expected to ramp up over the next several years [5]

Core Insights - GlobalFoundries and Silicon Labs have expanded their strategic partnership to enhance the development of energy-efficient wireless technologies and bolster U.S.-based semiconductor manufacturing [1][4] - This collaboration introduces a new process technology in the U.S. aimed at accelerating the production of high-performance wireless solutions at GlobalFoundries' facility in Malta, New York [2][4] Company Developments - Silicon Labs' wireless system-on-chips (SoCs) will be produced on GlobalFoundries' new 40nm Ultra Low Power platform, which features embedded SuperFlash technology, making it suitable for IoT applications requiring energy efficiency and data security [3][4] - The partnership aims to meet the rising demand for advanced wireless connectivity in consumer and industrial IoT applications, reflecting both companies' commitment to U.S. semiconductor leadership and supply chain resilience [4] Production Timeline - Development is currently underway, with production expected to ramp up over the next several years [5]

Core Insights - Ceragon is showcasing its latest innovations in wireless connectivity at the India Mobile Congress (IMC) 2025, emphasizing AI-powered efficiency and spectrum innovations [1][2] Company Overview - Ceragon (NASDAQ: CRNT) is a global leader in end-to-end wireless connectivity solutions, focusing on transport, access, and AI-powered managed services [2] - The company serves over 600 service providers and 1,600 private network owners across more than 130 countries, providing solutions for 5G and 4G broadband connectivity [3] Product Demonstrations - Key demonstrations at IMC 2025 include: - IP-100FR2 for maximizing the use of 26 GHz spectrum for PtMP and FWA use cases [6] - IP-100E featuring the Neptune Chipset, delivering 25 Gbps capacity in a single box [6] - Multi-Gigabit Mesh Solutions for smart cities and private networks [6] - End-to-End Private Network Solutions for secure wireless connectivity [6] - AI-Optimized Networks showcasing predictive analytics and automation [6] Executive Insights - CEO Doron Arazi highlighted the importance of IMC as a platform for demonstrating how Ceragon is redefining wireless connectivity [1]

Financial Data and Key Metrics Changes - Q1 sales were $12 million, aligning with the midpoint of guidance [13] - Consumer sales reached $6.4 million, down $100,000 sequentially [14] - Automotive sales were $1.3 million, down $2 million sequentially [14] - Enterprise sales totaled $4.3 million, down $1 million sequentially, marking a low point for the year [14] - Q1 gross margin was 44.3%, marking the fifth consecutive quarterly increase [14] - Adjusted EBITDA was negative $1.2 million due to the lower revenue base [16] - Non-GAAP EPS was negative $0.11 [17] Business Line Data and Key Metrics Changes - Consumer segment showed resilience with a slight decline in sales [14] - Automotive segment faced challenges with lower shipments [14] - Enterprise segment experienced a significant drop, primarily due to lower shipments of antennas and IoT products [14] - Improvement noted in IoT sales returning to normal levels [6] Market Data and Key Metrics Changes - The addressable market expanded from $1.1 billion in 2024 to $2.6 billion in 2025 [5] - The company is closely monitoring broadband and enterprise markets for demand disruptions [4] - No significant changes in customer purchasing behavior due to tariffs observed as of early May [4] Company Strategy and Development Direction - The company is transitioning from a low ASP component supplier to a high-value wireless solutions provider [5] - Focus on scaling Lighthouse and AirgainConnect platforms and deepening presence in global markets [3] - Strategic partnerships, such as with Ormatia, are expected to drive revenue growth in the second half of 2025 [8] - Emphasis on modular solution families to support various use cases and customer segments [7] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the enterprise market's recovery and expects sequential revenue growth [6][18] - The company is prepared to adapt to the fluid tariff environment to minimize impacts on customers [4] - Confidence in achieving positive adjusted EBITDA in Q3 2025 [19] Other Important Information - The company plans to file an updated S3 shelf registration to maintain financial flexibility [20] - A strong leadership team is in place to navigate current challenges and drive operational performance [12] Q&A Session Summary Question: Insights on AirgainConnect's ramp-up and IoT business rebound - Management is optimistic about design wins in the coming months and expects enterprise growth in 2025 [24][28] Question: Update on Lighthouse pilots and potential new carriers - The company is on track for trials in multiple regions, including the Middle East and Latin America, with expectations for ramp-up in Q3 [35][37] Question: Tariff implications and competitive landscape - Current buying patterns remain stable, and the fabless model provides a competitive advantage against tariff impacts [41][44][47] Question: Consumer market growth and WiFi developments - The company anticipates steady growth post-Q2, especially with new MSO launches [49] Question: Lighthouse revenue expectations and trial opportunities - Expected low seven-figure contributions from the Oman partnership, with potential for broader Middle East engagement [53][55]