Press release
Ceva Launches New Brand Identity Reflecting its Focus on Smart Edge IP Innovation
Company sharpens its strategy of delivering silicon and software IP that makes it possible for low power Edge AI devices to connect, sense and infer data,
About this update from Ceva, Inc.
[{"type":"text","content":"Company sharpens its strategy of delivering silicon and software IP that makes it possible for low power Edge AI devices to connect, sense and infer data, reliably and efficiently, across multiple high-growth end markets\nROCKVILLE, Md., Dec. 6, 2023 /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), today introduced a fresh new brand visual identity, logo design and web domain \"ceva-ip.com,\" reflecting the company's commitment to being the partner of choice for transformative IP solutions that power the smart edge. Ceva is the leader in silicon and software IP that enable smart edge devices to connect, sense and infer data more reliably and efficiently.\n\n \n \n \n \n \n \n\n \nThe company continues to sharpen its focus on delivering an innovative IP portfolio that helps its customers to quickly develop highly-integrated, cost-efficient, low power Edge AI devices that improve the user experience through robust connectivity and the use of cutting-edge artificial intelligence and sensing technologies. Ceva's smart edge IP portfolio has become a key driver of growth in recent years, expanding the company's penetration into high growth markets such as the consumer IoT, automotive, infrastructure, and industrial markets. In parallel, Ceva continues to serve the mobile and PC markets, where it maintains its presence and customer base.\nThanks to advances in highly efficient processing, sensing and connectivity, the number of electronic devices that collect and process data at the edge of the network has grown exponentially. Many of these devices such as smartphones, wearables, home automation and entertainment systems, cellular base stations, vehicles, industrial robots, and drones include multiple sensors, and all of them require reliable connectivity to communicate with the cloud and other smart edge devices. According to ABI research, wirelessly-connected device shipments will grow at a CAGR of 8% from 2023-2028, exceeding 35 billion devices annually by 2028, with more than 6.5 billion of these incorporating artificial intelligence and machine learning capabilities that allow the device to infer information from the data being generated. Ceva is well positioned for further growth in this evolving sector, possessing the industry's most comprehensive wireless communications (5G-Advanced, Bluetooth, Wi-Fi, UWB and Zigbee), advanced audio,...