As part of the acquisition transaction, Arteris retains the right to license, support and maintain the existing Arteris FlexNoC and Arteris FlexLLI product lines in order to fulfill existing and new licensing contracts. Qualcomm has agreed to make certain FlexNoC updates available to Arteris based upon an agreed upon schedule and provide certain engineering support to Arteris. Arteris has also rights to make customer support-related modifications to FlexNoC. Arteris said there were no changes in its contractual obligations or operations with its customers or industry partners.
"Arteris NoC technology has been and will continue to be a key enabler for creating larger and more complex chips in a shorter amount of time at a lower cost," said K Charles Janac, president and CEO, Arteris. "This acquisition of our technology assets represents a validation of the value of Arteris' network-on-chip interconnect IP technology."
Arteris licenses FlexNoC interconnect IP that is used in many mobile SoC phone projects today. The company has over 50 licensees who have utilized the FlexNoC interconnect IP on nearly 200 SoC, FPGA and IP subsystem projects for use in electronic products.