Arteris Announces TIER IV Has Licensed FlexNoC 5 Interconnect IP And Magillem Connectivity SoC Integration Automation Software For Its Next Generation Of Intelligent Vehicle Electronics
Portfolio Pulse from Benzinga Newsdesk
Arteris, Inc. (NASDAQ:AIP) announced that TIER IV has licensed its FlexNoC 5 interconnect IP and Magillem Connectivity SoC integration automation software for developing next-generation intelligent vehicle electronics, supporting the advancement of autonomous driving technology.
October 29, 2024 | 1:14 pm
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Arteris, Inc. has secured a licensing agreement with TIER IV for its FlexNoC 5 and Magillem software, which are crucial for developing advanced automotive SoCs, potentially boosting its market position in the autonomous vehicle sector.
The licensing agreement with TIER IV positions Arteris as a key player in the autonomous vehicle market, likely enhancing its reputation and demand for its products. This strategic partnership could lead to increased revenue and market share.
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