CEVA licensed its DSP core to LTE-Advanced gesture recognition product
1 November, 2012
Total revenue for the third quarter of 2012 was $12 million. The CEO, Wertheizer: "We won key design wins and third quarter production ramp-ups from OEMs, including Huawei, Lenovo, Samsung and ZTE."
CEO Wertheizer: “We won key design wins and third quarter production ramp-ups from OEMs, including Huawei, Lenovo, Samsung and ZTE.”
CEVA, Inc. (NASDAQ: CEVA), the leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores, won seven new license agreements during the third quarter. Five agreements were for CEVA DSP cores, platforms and software, including new licensees for the CEVA-XC4000 DSP targeting LTE-Advanced products and the CEVA-MM3101 platform targeting gesture recognition products.
Additionally, one agreement was for CEVA SATA/SAS product lines and one agreement was for CEVA Bluetooth technology. Target applications for customer deployment are 3G and 4G baseband processors, digital cameras, next-generation vision products, connectivity and SATA interface chips for enterprise applications. Geographically, one of the agreements signed was in Europe and six were in Asia Pacific, including Japan.
“While general macro-economic concerns adversely impacted our licensing revenue, we continue to see robust demand for our best-of-breed DSP technologies from customers targeting next-generation products”‘, said Gideon Wertheizer, Chief Executive Officer of CEVA. “Despite some headwinds in our royalty growth, our wireless customer base made significant inroads into the 3G smartphone space during the quarter with a 7% sequential unit growth, key design wins and third quarter production ramp-ups from OEMs, including Huawei, Lenovo, Samsung and ZTE.”
Total revenue for the third quarter of 2012 was $12 million, a decrease of 19% compared to $14.8 million reported for the third quarter of 2011.