Ceva Inc. (Nasdaq:CEVA); LSE:CVA) today announced a licensing deal for its DSP cores in China. The company did not disclose the size of the deal with the new customer.
Chinese fabless semiconductor Xincomm Communications Co. Ltd. has licensed the Ceva-X DSP to power its next-generation system-on-a-chip (SoC) solution for 4G processor designs.
Ceva VP marketing Eran Briman said, "A new era of 4G connectivity based on the LTE standard opens the door to a host of new companies like Xincomm to address this lucrative market."
In a separate announcement, Ceva and ArrayComm LLC announced the successful demonstration of ArrayComm's BasePort TD-LTE base station, which uses Ceva DSP cores.
Briman said, "SoC technology will play a key role in the development of LTE infrastructure products. We are pleased to join with ArrayComm and Mindspeed to take a leadership position in LTE technology advancement."
Ceva's share price opens at $22.85 on Nasdaq today, giving a market price of $521 million. The share price was unchanged on the London Stock Exchange at ₤13.50.
Published by Globes [online], Israel business news - www.globes-online.com - on March 21, 2011
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