Product category:
Intellectual Property Cores
News Release from: ARC International
Edited by the Electronicstalk Editorial
Team on 25 December 2006
Contract covers configurable processors
One of the largest semiconductor companies in the USA has taken a multiyear licence for ARC's patented multimedia subsystems and configurable processors.
One of the largest semiconductor companies in the USA has taken a multiyear licence expected to be valued in the region of US $11 million for ARC's patented multimedia subsystems and configurable processors The first phase of the contract is guaranteed at more than $5 million with over $2 million in revenue recognisable for the year ended 31st December 2006
This article was originally published on Electronicstalk on 20 Feb 2001 at 8.00am (UK)
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This tier 1 customer, a first-time licensee, will use its long-term ARC licence to create media-based semiconductor chips targeting video- and audio-rich devices.
Carl Schlachte, President and CEO of ARC International, said: "We are very pleased to announce another industry leader has joined ARC's expanding community of world-class customers".
"This underscores management's continued progress toward the strategic goal of growing ARC's customer base with world-class, tier 1 companies".
"Industry leaders are increasingly adopting ARC's patented subsystems and configurable processors as the 'solution of choice' for high volume consumer applications".
"They enable the creation of lower cost, highly differentiated solutions, which are distinct benefits that 'fixed architecture' alternatives cannot offer".
Having secured this important license win, the company remains comfortable with market expectations for the year ending 31st December 2006.
On Wednesday 14th February 2007 ARC International will announce results for the 12 months ended 31st December 2006.
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