Network-on-chip (NoC) intellectual property (IP) provider Arteris IP has signed an agreement to acquire the assets of Magillem Design Services.
The combination of technology will allow Arteris semiconductor IP for the artificial intelligence (AI) and machine learning market and will help accelerate the pace of innovation and design for systems-on-chip (SoC) for the automotive, machine learning and 5G wireless communications markets.
Arteris said the companies share common customers worldwide and a focus on helping to accerlate chip development for SoC software and IP. The proposed transaction is subject to closing conditions and is expected to take place during the fourth quarter of this year.