CEVA Surges on AI and Connectivity Wins | Business and Finance News

CEVA’s second quarter smashed records with 13% revenue growth to $29 million, fueled by a 21% surge in licensing—its highest in three years—driven by wireless, automotive AI, and smartphone gains. The company inked 10 new deals, including first-time partners and direct OEMs, as the semiconductor industry shifts AI and intelligence to the edge. A landmark AI licensing deal with a global platform giant for CEVA’s NeuPro-M NPU IP, plus software stack optimization, underscores the trend toward IP licensing over in-house builds. Customers increasingly choose full CEVA platforms—like a U.S. chipmaker’s Wi-Fi/Bluetooth chip—deepening relationships and boosting royalty potential. Royalties rose across wireless, automotive AI, and smartphones, while Wi-Fi/Bluetooth shipments and Cellular IoT hit new highs. With $220 million in cash, CEVA is primed for growth and strategic moves. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e446687e896d6dc7