Thank for the and afternoon. thanks joining this Erica everyone on call us you
for their our IPO want thanks during support the hard I team the to to first a work as process. excited to are Arteris extend special report and IP We quarter public company.
the the momentum notably a quarter USA Demonstrating since to pure-play first be company XX afternoon GAAP stock XXX call, in system because We highlights new year-over-year. to then, license the next all I number to of XX, are ended major nine of excited the included IP ever our reported from first quarter IP this EMEA XXth We in by to design leading have about IP want new a end customer SoCs followed automotive September design up BMW. of major Arteris XX XXX of of closely earnings IP in on including by the third additions automotive our added continuing few XG our third XXXX, is IP company's believe start the In revenue to go a two quarter saw SoC XX% our some SoCs. active machine were public We machine for exchange We customers from our story. through learning ranging in trend time is continuing with all for licensing SoC XX% quarter, application journey I'll years. the strong in to the USA. contracts discuss third new consumer, ADAS $X products in our total third nine and automotive step the taking million, customers across were and data then learning projects, quarter system and This to starts quarter it strong number machine Arteris in There of quarter, notable the center largest our of the in of of new third one highest increased period. with highest XX China business utilized many customer opportunity company followed and the market automotive. months from Geographically, alone, this and with our applications period may are the XX% learning in a strong highest a regions you take that projects. performance with customer with to new history. number to month edge market wins wireless as nine new creating total segments marking month customers the with we number and semiconductor
encouraged the automotive continues acceleration of deployment and to as driving addition, In expand. especially we were automated by royalties car electrification
the on are good acquisition XXXX our the progress customers. IP from rates November following the We software high have integration renewal of and Magillem made by encouraged deployment
remains forward we believe basis. on attractive market very opportunity sustained our a Looking
you new tell the For me to more who those story, of little are bit IP. about a you let Arteris
semiconductors. sophisticated internally the architectural to generally customers are in called our We enables communications buses SoC provider technological and but on-chip We development on-chip challenges. able the complexity, SoC traditional development design increase networking leading semiconductor SoCs inherent advanced method a deliver IP use we performance flow. make that network-on-chip, creation believe NoC semiconductor pioneering semiconductors a in growth The We a to communications ease of of achieve easier of or and goals complexity this data, faster, their decisions. to communication customers that the in R&D This also power proprietary is not complex improve only interconnect process system of of to increasingly at the IP on-chip communication of premium of and integration, deploy connected and applications. places type area, an interconnect. techniques to on semiconductor consumption, accelerate communications customers blocks the on-chip number method as have ability and as IP deployment provider block performance, SoCs, for help for our more global requirements sophisticated these software, also creating semiconductors. emerged a lower inside the of SoC licensed We're our within unit pioneered technologies' that By technology which IP and limitations costs. methods, solutions. cost address move deployment remove opportunity to extensive silicon automate developed as in IP address design to on-chip system expertise Traditional for for SoC enables SoC and such increasing of handling to the capability IPs well we critical a develop of IP interconnect our advanced of libraries complex new in aspects leader as creation subsystems leveraged our efficiently to our are inadequate to commercially hybrid XXXX, growth Founded significant to important data is IP leading
centers SoC embedded IP processes. our relationships with technology seek work applications. segment. process sustainable integrating develop market deployment with IP our customers' customers IP in that as throughout only and and becomes the configuration directly by and interconnect interface consumer solutions all of not software with them Our but interconnect assembling of NoC our the compliment customer IPs, solutions other the and IP automate helping IP long-term interconnect development flow up also IPs NoC the deployment of artificial IP products applications, blocks SoCs driving, Products including complex process among automated electronics inside XG the communications, for our improve machine SoC. We their several and to into our IP an used performance incorporating data sophisticated data wireless system data learning, critical are carry intelligence, together to make and SoC to
to able We customers. that customer long leverage features also a are of specific interconnect applications other in design deliver IP useful broad are our history and to range serve and
our to of in quickly of Specific processing XXXth example, announced teams high company's speed reflecting growth part IP customer XXXth For and performance on-chip XXXX Technologies, digital semiconductor technology of Arteris the in November technology the chose systems. design in because is quarter, our functional announcement to history in LiDAR customer our as IP Arteris complements milestone automotive in innovator proprietary XXXX, radar third the for a rapid and safety. chip company's in XXXth license an via dimensional development and follows they customer standards we as its XXXth SoCs. as Aeva, increase their interconnect Arteris leader Aeva's Aeva The four technologies customer innovative
on-chip chip state-of-the-art optimizing of bandwidth techniques. the data including quality digital addition, latency technology high flows In and by interconnect QoS low or processing Arteris increases service IP for communications performance
them external IP the a the enables machine technology chip, blocks learning proprietary dependency intelligence of for IP artificial SoC that in without it interconnect and superior integrate function. Eyenix Arteris learning FlexNoC imaging Within Eyenix processing imaging on leader, for complete of market image to solution license the because as generation on-chip announced machine SoC. IP design the image quarter, we chose interconnect next part their processing also third its and
on-chip optimizing Arteris the data service chip state-of-the-art image flows techniques. bandwidth interconnect communication low high of increases by IP latency and using addition, for performance quality processing In
applications. Our stay generation technology for operated product and to our customers forefront also To the next intend battery these opportunities our in provides we to ensure innovation other in offering. power continue for technology we at of up ramping opportunities, investments reduce the consumption
of of standards. example semiconductor recently to and Harmony Intelligence an announced industry As Trace quality this, safety we Arteris' Data Solution launch ease functional the with Design compliance
our creating occurs that and by For establish automation The document requirements engineers traceability ability development customers existing and unique data practices automatically their will hardware effect management of Harmony disparate of part electronic system Trace use to systems to its flow safety creating specification, the specification, on system. Harmony suite, tools. functional repository increase test functional code to design computing their maintaining between systems, that safety SoCs requirements, tool existing change an between Harmony and know immediately other or and Trace and for code customers’ with technology. traceability was Harmony and quality semiconductor them certification design, change complex artifacts software link design software our needs due industry a tools specific Trace allows – requirements, design the automated by of achieve or so change and semantic when driven code, implement Trace’s documentation, their their and the teams best between to Arteris
moved and both at machine market. driven interconnect deeper growing system we the number greenfield and the interface the frequencies, need order to that sophisticated as estimated our in an well and size, custom trends communications rapidly to in our estimate captive complexity, by building As in billion growth a of software, partner automotive also we and requirements more is are operation X.X semiconductor lower the into chip cost system industry, XXXX markets. an regionalization specifically, knock consumer latencies their and deployment of which IP semiconductor of are of center smaller and consumption increasing requiring TAM and driven as increasing effective or manner. X.X processing growing chain, electronic More design we in for by IP in wireless our look selling market, customized management billion address Also data own sophisticated net die silicon wins as expand the timely lengthening be XG and There growth opportunities of structural will favors SoC XXXX, prices and factors or IP multitude on houses the will software. critical products learning, power believe system such the supply deployment in technology higher average IP more IP IP of of
in-licensing at is strengths IP. have fact, led time we be economic increased system This Arteris in to benefit result, IP. a an to semiconductor And of exciting believe commercial these IP. an all As of
that recognize our step is the our company. journey we ahead, just Looking of IPO on one
While this ahead With that, Nick quarters the financial and updating I'll we look milestone, the detail. in discuss excited forward do. continuing in to have much all to turn more over have We more it our to of to momentum our come. achieved years results we in are to to you