ADDED
As of February 5, 2026, there were 45,467,261 shares of the registrant s common stock outstanding.
Our System IP technology manages on-chip communications and IP block deployments by helping to enable the underlying data movement across chiplets, single-die and multi-die System-on-Chip (SoC) semiconductors.
Our leading proprietary System IP solutions achieve this by connecting various semiconductor IP blocks such as processors, memory and logic via multiple Network-on-Chips (NoCs) in order for our customers to meet functional design goals as well as performance and power requirements, while addressing design complexity with efficient and lower cost solutions.
We estimate that our solutions have been incorporated into over four billion production SoCs since inception.
Growing demand for our products and solutions is being driven by increasing SoC sophistication and associated complexity, now extending into disaggregation of SoCs into systems that implement the communication protocol aspects and partnering with industry-leading providers like Arm, Cadence, Synopsys, and others to help realize advanced systems.
We have historically maintained average customer retention rates of approximately 90%, reflecting the long-term nature of our customer relationships.
We provide solutions for the global chiplet and SoC market and believe that market growth will be driven by an increasing number of SoC designs and growing complexity, increasing average selling prices of interconnect IP and SoC Integration Automation software products.
More specifically, we believe our growth will continue to be driven by technology trends requiring more advanced sophisticated on-chip data movement in the aerospace and defense, automotive, communications, consumer electronics, enterprise computing, and industrial markets.
Also, the need for sophisticated system IP products is growing rapidly to address the requirements of chiplets and multi-die systems, lower power consumption, and higher operation frequency, smaller die size, and the ability to limited chip design expert resources to scale design needs in a cost-effective manner.
As a result, we believe these trends have led to an increased economic benefit of in-licensing commercial semiconductor design IP and increased use of supported Electronic Design Automation (EDA) software a trend that we expect to continue.
REMOVED
As of February 11, 2025, there were 40,948,190 shares of the registrant s common stock outstanding.
For example, we are currently involved in ongoing litigation related to patent infringement claims.
Our System IP technology manages the on-chip communications and IP block deployments in System-on-Chip (SoC) semiconductors and systems of chiplets.
Our leading proprietary System IP solutions achieve this by connecting client IP blocks such as processors, memories, artificial intelligence/machine learning (AI/ML) accelerators, graphics subsystems, safety and security, and other input/output subsystems (I/Os) via multiple Network-on-Chips (NoCs) in order for our customers to experience faster SoC targeting, as well as, more efficient, and lower cost solutions.
Growth for our solutions is being driven by growing SoC sophistication and associated complexity, now extending into disaggregation of SoCs into systems that implement the communication protocol aspects and partner with industry-leading providers like Synopsys, Cadence, Alphawave and others to connect to their die-to-die interfaces.
The addition of more processors, channels of memory access, machine learning sections, additional I/Os interface standards, and other subsystems within SoCs is driving the need for more advanced System IP, including NoC interconnect IPs.
The growth in the number of these connected on-chip subsystems places an increasing premium on the interconnect IP capability to move data inside complex SoCs.
We believe this increase in SoC complexity has created a significant opportunity for sophisticated System IP solutions that incorporate NoC interconnect IP, SoC Integration Automation software (SIA) (formerly IP deployment software) and NoC interface IP (consisting of peripheral data transport IP and control plane networks connected to NoC interconnect IPs).
Moreover, our technology can also provide more cost-effective solutions and reduce the risks of building and maintaining in-house NoC teams, which we believe has positively contributed to our market segment share growth.
We estimate that our solutions have been incorporated into over three and a half billion production SoCs since inception.