Company sharpens its strategy of delivering
silicon and software IP that makes it possible for low power
Edge AI devices to connect, sense and infer data, reliably and
efficiently, across multiple high-growth end markets
ROCKVILLE, Md., Dec. 6, 2023
/PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), today introduced a fresh
new brand visual identity, logo design and web domain
"ceva-ip.com," reflecting the company's commitment to being the
partner of choice for transformative IP solutions that power the
smart edge. Ceva is the leader in silicon and software IP that
enable smart edge devices to connect, sense and infer data more
reliably and efficiently.
The company continues to sharpen its focus on delivering an
innovative IP portfolio that helps its customers to quickly develop
highly-integrated, cost-efficient, low power Edge AI devices that
improve the user experience through robust connectivity and the use
of cutting-edge artificial intelligence and sensing technologies.
Ceva's smart edge IP portfolio has become a key driver of growth in
recent years, expanding the company's penetration into high growth
markets such as the consumer IoT, automotive, infrastructure, and
industrial markets. In parallel, Ceva continues to serve the mobile
and PC markets, where it maintains its presence and customer
base.
Thanks to advances in highly efficient processing, sensing and
connectivity, the number of electronic devices that collect and
process data at the edge of the network has grown exponentially.
Many of these devices such as smartphones, wearables, home
automation and entertainment systems, cellular base stations,
vehicles, industrial robots, and drones include multiple sensors,
and all of them require reliable connectivity to communicate with
the cloud and other smart edge devices. According to ABI research,
wirelessly-connected device shipments will grow at a CAGR of 8%
from 2023-2028, exceeding 35 billion devices annually by 2028, with
more than 6.5 billion of these incorporating artificial
intelligence and machine learning capabilities that allow the
device to infer information from the data being generated. Ceva is
well positioned for further growth in this evolving sector,
possessing the industry's most comprehensive wireless
communications (5G-Advanced, Bluetooth, Wi-Fi, UWB and Zigbee),
advanced audio, voice and sensing software, and scalable edge
AI IP portfolio for integrating
connectivity, sensing, and inference capabilities.
To reflect the company's vision of a smarter, safer, and more
interconnected Ceva-powered future, the company has refreshed its
logo, visual identity and web domain. The Ceva URL is now
ceva-ip.com, illustrative of the company's focus on providing
a broad IP portfolio for smart edge devices and the leadership
position it has built in the markets it serves.
Amir Panush, CEO of Ceva,
elaborated: "The convergence of localized, on-device intelligence
and ubiquitous connectivity is changing the landscape of almost
every market we serve. Since the beginning of the year, we have
been refining the company strategy, strengthening key parts of our
product portfolio, and optimizing R&D efforts to focus on
high-growth opportunities that leverage our strengths. Our goal is
to provide cutting-edge and distinctive technologies that enable
our customers to address their most complex requirements in
creating low-power, connected, AI-enabled devices that seamlessly
interpret and enhance how we work, play, learn, protect, and care
for each other. Our proven capabilities in inference processing and
multi-modal sensing, combined with unrivalled industry leadership
in wireless communications IP places us in an ideal position to
expand our penetration and capitalize on this substantial market
opportunity."
About Ceva, Inc.
At Ceva, we are passionate about
bringing new levels of innovation to the smart edge. Our wireless
communications, sensing and Edge AI technologies are at the heart
of some of today's most advanced smart edge products. From
Bluetooth connectivity, Wi-Fi, UWB and 5G platform IP for
ubiquitous, robust communications, to scalable Edge AI NPU IPs, sensor fusion processors and embedded
application software that make devices smarter, we have the
broadest portfolio of IP to connect, sense and infer data more
reliably and efficiently. We deliver differentiated solutions that
combine outstanding performance at ultra-low power within a very
small silicon footprint. Our goal is simple – to deliver the
silicon and software IP to enable a smarter, safer, and more
interconnected world. This philosophy is in practice today, with
Ceva powering more than 17 billion of the world's most innovative
smart edge products from AI-infused smartwatches, IoT devices and
wearables to autonomous vehicles and 5G mobile networks.
Our headquarters are in Rockville,
Maryland with a global customer base supported by operations
worldwide. Our employees are among the leading experts in their
areas of specialty, consistently solving the most complex design
challenges, enabling our customers to bring innovative smart edge
products to market.
Ceva: Powering the Smart Edge™
Visit us at www.ceva-ip.com and follow us on LinkedIn, X,
YouTube, Facebook, and Instagram.
Forward Looking Statements
This press release contains
forward-looking statements that involve risks and uncertainties, as
well as assumptions that if they materialize or prove incorrect,
could cause the results of Ceva to differ materially from those
expressed or implied by such forward-looking statements and
assumptions. Forward-looking statements include statements
regarding Ceva's goals and strategies for the future and focus on
delivering an innovative IP portfolio, the benefits of Ceva's
portfolio to customers, industry research on growth in
wirelessly-connected device shipments, and Ceva's positioning for
further growth and capitalization on market opportunities. The
risks, uncertainties and assumptions that could cause differing
Ceva results include: the effect of intense industry competition;
the ability of Ceva's technologies and products incorporating
Ceva's technologies to achieve market acceptance; Ceva's ability to
meet changing needs of end-users and evolving market demands; the
cyclical nature of and general economic conditions in the
semiconductor industry; Ceva's ability to diversify its royalty
streams and license revenues; Ceva's ability to continue to
generate significant revenues from the handset baseband market and
to penetrate new markets; instability and disruptions related to
the ongoing Israel-Gaza conflict; and general market conditions
and other risks relating to Ceva's business, including, but not
limited to, those that are described from time to time in our SEC
filings. Ceva assumes no obligation to update any forward-looking
statements or information, which speak as of their respective
dates.
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SOURCE Ceva, Inc.