{"id":755290,"date":"2023-05-04T18:00:59","date_gmt":"2023-05-04T22:00:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arteris-announces-financial-results-for-the-first-quarter-2023-and-estimated-second-quarter-and-full-year-2023-guidance\/"},"modified":"2023-05-04T18:00:59","modified_gmt":"2023-05-04T22:00:59","slug":"arteris-announces-financial-results-for-the-first-quarter-2023-and-estimated-second-quarter-and-full-year-2023-guidance","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arteris-announces-financial-results-for-the-first-quarter-2023-and-estimated-second-quarter-and-full-year-2023-guidance\/","title":{"rendered":"Arteris Announces Financial Results for the First Quarter 2023 and Estimated Second Quarter and Full Year 2023 Guidance"},"content":{"rendered":"
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CAMPBELL, Calif., May 04, 2023 (GLOBE NEWSWIRE) — Arteris, Inc. (Arteris or Arteris IP), a leading provider of network-on-chip (NoC) interconnect and other intellectual property (IP) technology that manages the on-chip communications in system-on-chip (SoC) semiconductor devices, today announced financial results for the first quarter ended March 31, 2023 as well as estimated second quarter and full year 2023 guidance.<\/p>\n

\u201cWe\u2019re excited to report a solid start to the year, with Annual Contract Value plus Trailing-Twelve-Month Royalties of $54.8\u00a0million, up 20% year-over-year when adjusted to exclude HiSilicon and DJI and up 5% sequentially,\u201d said K. Charles Janac, President and CEO of Arteris. \u201cWith the added focus on the broader automotive supply chain, including OEMs, and following last year\u2019s Arm automotive partnership, we are pleased to report that in the year to date, Arteris secured four new OEM design wins, including three new car companies across the US, Europe and APAC. In addition to automotive, we continue to see strong demand from AI and Machine Learning applications which increasingly require network-on-chip IP and benefit from SoC integration automation. We believe Arteris is well positioned to continue to gain market share as the growing complexity of automotive, consumer electronics, and AI\/ML applications, creates a need for third party commercial System IP,\u201d concluded K. Charles Janac.<\/p>\n

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\n First Quarter 2023 Financial Highlights:<\/em>
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