SAN JOSE, Calif., July 8 /PRNewswire-FirstCall/ -- CEVA, Inc. (NASDAQ: CEVA); (LSE: CVA), a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores, today announced that it has been ranked by Gartner, Inc. as the worldwide leader in licensable DSP technology, commanding over 60% of the 2007 Digital Signal Processor licensing market. Gartner's report: Market Share: Semiconductor Intellectual Property, Worldwide, 2007(1), reports that CEVA's overall DSP licensing market share has grown 10% year on year, increasing CEVA's industry leadership over the competition.
CEVA believes that its strong performance reflects the Company's continued success in licensing DSP cores and subsystems to the industry's leading semiconductor and consumer electronics companies. Licensing DSPs for over a decade and spanning six generations of DSP cores, CEVA has concluded more than 250 licensing agreements to date. Today, CEVA's publicly announced customer base includes Broadcom, Infineon, InterDigital, Marvell, Mediatek, Mindspeed, NXP, RadioFrame Networks, Renesas, Samsung, Sharp, Sony, Spreadtrum and Zoran. In 2007, CEVA's customers shipped over 225 million CEVA-powered™ devices to the wireless handset, automotive, consumer electronics and storage markets.
"CEVA is pleased to be ranked by Gartner as the worldwide leader in licensable DSP technology," said Gideon Wertheizer, CEO of CEVA. "We believe our clear leadership is a testament to our relentless commitment to deliver the industry's most extensive portfolio of DSP cores and related technologies. Our strong customer base coupled with tier 1 OEM adoption of our technology allows us to extend our market reach and grow the business to applications where DSP IP has yet to be used."
1) Gartner, Inc. "Market Share: Semiconductor Intellectual Property, Worldwide, 2007" by Ganesh Ramamoorthy and Christian Heidarson, May 15, 2008
Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) DSP Cores and platform solutions for the mobile handset, consumer electronics and storage markets. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2007, CEVA's IP was shipped in over 225 million devices. For more information, visit https://www.ceva-ip.com/
This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including Mr. Wertheizer's statements about CEVA's success in licensing DSP cores and subsystems and CEVA's commitment to deliver the industry's most extensive portfolio of DSP cores, related technologies, subsystems and application platforms as well as extending market reach and growing the business to applications where DSP IP has yet to be used. The risks, uncertainties and assumptions include: the ability of CEVA's DSP cores and other technologies to continue to be strong growth drivers for the Company; the effect of intense competition within our industry; the possibility that the market for our technology may not develop as expected; the possibility that our customers' products incorporating our technologies do not succeed as expected; our ability to timely and successfully develop and introduce new technologies; our reliance on revenue derived from a limited number of licensees; our ability to continue to improve our license and royalty revenue in future periods and other risks relating to our business and the pipeline of companies interested in our technologies, including, but not limited to, those that are described from time to time in the Company's Securities and Exchange Commission filings. CEVA assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
SOURCE: CEVA, Inc.
CONTACT: Richard Kingston of CEVA, Inc., +1-408-514-2976,
[email protected]; or Mike Sottak of Wired Island, Ltd.,
+1-408-876-4418, [email protected], for CEVA, Inc.
