CEVA goes Automotive
5 February, 2017
The DSP IP licencor reported annual revenue growth of 22%, and Automotive agreement with On Semi
Total revenue for the fourth quarter of 2016 of CEVA, a leading licensor of signal processing IP, was $21.2 million, a 32% increase compared to $16.1 million reported for the fourth quarter of 2015. Fourth quarter 2016 licensing and related revenue was $8.3 million, an increase of 3% when compared to $8.0 million reported for the same quarter a year ago. Royalty revenue for the fourth quarter of 2016 was $12.9 million, an increase of 60% when compared to $8.0 million reported for the fourth quarter of 2015.
Gideon Wertheizer, Chief Executive Officer of CEVA, stated: “Licensing strength was underpinned by eight agreements for our imaging and vision technologies, further entrenching CEVA as a de-facto industry standard for intelligent vision processing. 2016 was an extraordinary year for CEVA where we exceeded our financial and strategic goals and delivered all-time high revenues. A record forty-nine licensing agreements were concluded, forty-five of which were for non-handset baseband and seventeen were with first-time customers.
“We have successfully transformed CEVA into a vertically integrated, one-stop IP house for wireless broadband and IoT-related technologies. Our unique portfolio of LTE-Advanced and 5G baseband, Bluetooth, Wi-Fi, imaging, vision and voice platforms continue to set new milestones in innovation and customer traction. As we look ahead, we are extremely well positioned to leverage our strengths to further expand our customer base and market share across the mobile, consumer and automotive industries and grow our licensing business and future royalty streams.”
Total revenue for 2016 was $72.7 million, an increase of 22% compared to $59.5 million reported for 2015. Royalty revenue for 2016 was $40.8 million, representing an increase of 49% compared to $27.4 million reported for 2015. Licensing and related revenue for 2016 was $31.9 million as compared to $32.1 million reported for 2015.
On Semi pick CEVA’s DSP for its Automotive Segment
During 2016, CEVA successfully entered into a range of fashionable high tech products, including autonomous drivig vehicles. In January 2016 ON Semiconductor has licensed CEVA’s imaging and vision platform for its automotive advanced driver assistance (ADAS) product lines. ON Semiconductor will use CEVA’s vision processing IP to enhance its future products with new image processing capabilities and to incorporate embedded intelligence and machine learning into its ADAS roadmap.
“CEVA’s industry-leading vision processing IP provides us with a comprehensive solution that enables us to integrate a host of innovative and intelligent system features into our ADAS product offerings,” said Ross Jatou, Vice President and General Manager of the Automotive Solutions Division of ON Semiconductor.
The role of intelligent vision processors in automotive safety systems continues to evolve at a rapid pace, with market research firm Strategy Analytics predicting that the emergence of new camera applications and imaging concepts will help drive automotive camera demand to reach almost 200 million units in 2023. With advanced safety features set to be adopted across all price points of the automotive market, there is a strong demand for more cost-effective, flexible and scalable vision architectures.
“ON Semiconductor is a recognized leader in high-performance image sensors for the automotive market, and their selection of our vision platform is a strong endorsement of our vision IP for ADAS,” said Gideon Wertheizer. “Their deep knowledge of automakers’ stringent requirements for performance, safety and reliability positions ON Semiconductor well to further extend their leadership in image sensors with the addition of our vision processing IP.”
CEVA’s XM DSPs include a hybrid architecture composed of scalar and vector DSP processors coupled with a comprehensive Application Development Kit (ADK) to streamline software deployment. The CEVA ADK includes: CEVA-Link for seamless software level integration with the host processor; a range of widely used and optimized software algorithms; the CEVA Deep Neural Network (CDNN2) real-time neural network software framework which streamlines machine learning deployment at a fraction of the power consumption of the leading GPU-based systems, and; state-of-the-art development and debugging tools. For developers of Advanced Driver Assistance Systems (ADAS), an ISO 26262 compliant safety design package is available for the CEVA vision processors that enables customers to achieve their desired level of safety certification. For more information, visit http://www.ceva-dsp.com/CEVA-XM-Family.
Image above: Oticon Opn hearing aid system powered by CEVA DSP