CEVA, Inc. Will Receive $2.5 Million From U-Blox AG
SAN JOSE, Calif. -- July 16, 2008 -- CEVA, Inc. [(NASDAQ: CEVA); (LSE: CVA)], a leading licensor of silicon intellectual property (SIP) DSP cores and platform solutions for mobile handsets, consumer electronics and storage applications, today announced that it will receive $2.5 million from u-blox AG pursuant to an agreement between the parties to resolve a license dispute post a royalty audit after a preliminary court hearing conducted by the Court of Commerce of the Canton of Zurich, Switzerland, on July 10, 2008. CEVA will receive the $2.5 million for the claimed underreporting, underpayment and/or unauthorized third party use of the technology rights licensed by CEVA to u-blox.
About CEVA, Inc.
Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile, consumer electronics and storage applications. 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 http://www.ceva-dsp.com/
|
Ceva, Inc. Hot IP
Related News
- TranSwitch Corporation Announces Agreement To Raise $2.5 Million In Private Placement
- VSORA to Receive $13.18 Million in Funding from the European Innovation Council Accelerator Program
- Kneron Announces $25 Million Funding To Advance Smart City Technology For Auto
- Intrinsic ID Raises 2.5 Million Euros for Internet of Things Security
- SiTime Raises $25 Million
Breaking News
- Logic Design Solutions launches Gen4 NVMe host IP
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
- M31 is partnering with Taiwan Cooperative Bank to launch an Employee Stock Ownership Trust to strengthen talent retention
- Sondrel announces CEO transition to lead next phase of growth
- JEDEC Publishes LPDDR5 CAMM2 Connector Performance Standard
Most Popular
- Arm's power play will backfire
- Alphawave Semi Selected for AI Innovation Research Grant from UK Government's Advanced Research + Invention Agency
- Secure-IC obtains the first worldwide CAVP Certification of Post-Quantum Cryptography algorithms, tested by SERMA Safety & Security
- Weebit Nano continuing to make progress with potential customers and qualifying its technology Moving closer to finalisation of licensing agreements Q1 FY25 Quarterly Activities Report
- PUFsecurity Collaborate with Arm on PSA Certified RoT Component Level 3 Certification for its Crypto Coprocessor to Provide Robust Security Subsystem Essential for the AIoT era
E-mail This Article | Printer-Friendly Page |