BARCELONA, Spain, Feb. 12 /PRNewswire-FirstCall/ -- 3GSM World Congress -- CEVA, Inc. (NASDAQ: CEVA)(LSE: CVA), a leading licensor of innovative intellectual property (IP) platform solutions and DSP cores for wireless, consumer and multimedia applications, and Chipnuts Technology (Shanghai), Inc., a leading Chinese fabless integrated circuit design company, today announced that Chipnuts has licensed the CEVA-Audio low power, low cost audio platform solution for its power-efficient portable multimedia processors. Chipnuts is now sampling silicon integrating CEVA's audio IP, based on the widely adopted CEVA-TeakLite-II DSP core.
Chipnuts has grown rapidly since its inception in 2003 to become a leading supplier of highly integrated multimedia co-processors and application processors with a wide customer base in China. With several innovative multimedia SoC products already delivered to the mass market, Chipnuts have an in-depth understanding of what is required to develop a successful multimedia chipset. Using a single source for both the DSP and the software, CEVA's audio platform IP provides Chipnuts with the benefits of a highly optimized system that delivers power and performance advantages, and ease-of-integration -- all stringent requirements for Chipnuts' latest generation of multimedia processors.
"Our new products must support a convergence of functionality and multimedia features, but must also be competitive in the consumer marketplace from a price standpoint," said John Yu, COO of Chipnuts. "The CEVA-Audio platform solution meets these criteria and delivers the essential performance and ease-of-integration we require in a highly efficient offering. Combined with CEVA's services and support gives us confidence in making a long-term commitment to CEVA's technology in helping us expand our capabilities in the mobile multimedia market."
"We are pleased to have Chipnuts joining our growing platform IP customer base with the selection of our low power, low cost audio solution for the mobile market," said Gideon Wertheizer, CEO of CEVA. "The portable multimedia market in China is predicting phenomenal growth as we approach the 2008 Olympic Games in Beijing and Chipnuts' latest offerings incorporating CEVA IP will provide Chinese OEMs with a fully-featured, highly-integrated multimedia solution, tailored to exploit this lucrative market."
The CEVA-Audio platform solution is based on the broadly used CEVA-TeakLite-II DSP core, a low-power, single Multiply-Accumulate (MAC), 16-bit fixed-point DSP core, designed specifically for embedded and highly integrated SoC designs. The solution is supported by an array of audio, telephony and video processing capabilities available through CEVA's library of software codecs. Its low-power consumption benefits (allowing operation in active, slow and stop modes) combined with its small real estate needs (only 0.5 mm2 in 0.13u process) make it ideally suited for mobile consumer devices that require long battery life, small form factors and competitive price points.
About CEVA, Inc.
Headquartered in San Jose, Calif., CEVA is a leading licensor of innovative intellectual property (IP) platform solutions and DSP cores for wireless, consumer and multimedia applications. CEVA's IP portfolio includes comprehensive platform solutions for multimedia, audio, voice over packet (VoP), Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2006, CEVA's IP was shipped in over 190 million devices. For more information, visit http://www.ceva-dsp.com/.
About Chipnuts Technology
Chipnuts Technology (Shanghai), Inc., formed in September, 2003, is a leading provider of low-power, best price-performance mobile multimedia System-on-Chip (SoC) processors and complete system solutions. Headquartered in Shanghai, China, Chipnuts also has sales and field-support offices in Beijing and Shenzhen. A winner of the 2006 Red Herring Asia 100 Award, Chipnuts has been developing rapidly, earning positive reviews of its highly integrated single-chip multimedia processors. Its C626 multimedia SoC was voted one of the Leading Products in the 2006 EDN China Innovation Award Program. Chipnuts is ISO19001: 2000 certified.
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SOURCE: CEVA, Inc.
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