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CEVA, Inc. is a global leader in licensing wireless connectivity and smart sensing technologies, as well as providing custom chip design services. The company enables its customers to develop power-efficient, intelligent, and connected devices by offering a wide range of intellectual property (IP) products and design expertise. CEVA's technologies are widely used in consumer IoT, mobile, automotive, industrial, and other markets, powering billions of devices worldwide.
- Connectivity Products - Offers wireless technologies such as 5G baseband platforms, Bluetooth, Wi-Fi, Ultra-Wideband (UWB), and NB-IoT for mobile broadband, IoT, and base station applications.
- Smart Sensing Products - Provides AI engines, sensor fusion processors, and embedded application software for computer vision, audio/voice recognition, motion sensing, and generative AI workloads.
- Custom Chip Design Services - Delivers Non-Recurring Engineering (NRE) services for integrated circuit design, combining CEVA's IP with expertise in RF, mixed-signal, and high-complexity digital design through its Intrinsix Corp. business.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Amir Panush Executive | Chief Executive Officer | None | Amir Panush has been the CEO of CEVA since January 2023. He previously held leadership roles at TDK Corporation and Qualcomm, focusing on strategy and corporate development. | View Report → |
Gweltaz Toquet Executive | Chief Commercial Officer | None | Gweltaz Toquet has been with CEVA since 2002 and became CCO in January 2023. He previously served as VP of Sales for Asia Pacific, India, and Europe. | |
Michael Boukaya Executive | Chief Operating Officer | None | Michael Boukaya joined CEVA in 1998 and became COO in April 2019. He has held various roles, including VP and Chief Architect. | |
Yaniv Arieli Executive | Chief Financial Officer | None | Yaniv Arieli has been the CFO of CEVA since May 2005. He has played a key role in financial management and strategic planning at CEVA. | |
Amir Faintuch Board | Director | CEO of Volumez | Amir Faintuch joined CEVA's Board in January 2025. He has held leadership roles at GlobalFoundries, Intel, and Qualcomm. | |
Bernadette Andrietti Board | Director | None | Bernadette Andrietti joined CEVA's Board in 2019. She has over 30 years of experience at Intel, focusing on sales, marketing, and brand management. | |
Jaclyn Liu Board | Director | Senior Partner at Morrison & Foerster LLP | Jaclyn Liu joined CEVA's Board in February 2021. She is a senior partner at Morrison & Foerster LLP, advising on corporate governance and M&A. | |
Maria Marced Board | Director | Chairwoman of the EMEA Leadership Council of the Global Semiconductor Alliance; Board Member at Sequans Communications S.A.; Board Member at IQE plc | Maria Marced joined CEVA's Board in December 2016. She has extensive experience in the semiconductor industry, having served as President of TSMC Europe BV and held senior roles at NXP Semiconductors and Intel. | |
Peter McManamon Board | Chairman of the Board | Chairman of Atlantic Bridge; Director of AMD Investments Limited | Peter McManamon has been Chairman of CEVA's Board since May 2005. He co-founded Parthus Technologies and has extensive experience in financial markets and corporate strategy. | |
Sven-Christer Nilsson Board | Director | Founder and Owner of RIPASSO AB; Board Member of MagleChemoswed AB | Sven-Christer Nilsson has been a board member since November 2002. He has a background in executive management at Ericsson and holds various directorships. |
- Gross margins decreased to 87% this quarter due to customization work for key 5G advanced deals ; do you expect this trend to continue, and how will ongoing customization efforts impact your gross margins and profitability in the future?
- The number of licensing deals this quarter was 10, which appears lower than your typical quarterly run rate ; is this indicative of a slowdown in licensing activity, or were there specific factors influencing this drop?
- Given your strong cash position and recent increase in share repurchase authorization , can you provide more details on your M&A strategy and the types of companies or technologies you're targeting to enhance your growth?
- With increased customization demands from OEMs, particularly those needing more assistance than traditional semiconductor companies , how do you plan to scale your engineering resources without compromising gross margins or overstretching your R&D team?
- Wi-Fi shipments increased significantly to 47 million units, up 100% year-over-year ; considering the competitive landscape, what are the potential risks to sustaining this level of growth in Wi-Fi, and how are you planning to address them?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Customer A | Licensing & Royalties | All | 16% of total revenues in 2022 , 13% in 2023 , 15% in 2024 ; 28% of trade receivables in 2023 , 24% in 2024 |
UNISOC | Licensing & Royalties | All | 16% of total revenues in 2022 , 13% in 2023 , 15% in 2024 |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
VisiSonics | 2023 | CEVA, Inc. acquired VisiSonics’ RealSpace 3D Spatial Audio business for an aggregate cash price of $3.6 million, with additional contingent consulting payments of $100,000 per founder paid over 12 months. The deal, completed in May 2023, included a detailed purchase price allocation (e.g., $1.174 million to technologies, $432,000 to customer relationships, and $1.994 million to goodwill), and was strategically aimed at enhancing CEVA’s software capabilities and positioning in the high-volume headset and earbud market through synergies with its sensor fusion R&D center. |
Intrinsix | 2021 | CEVA, Inc. acquired Intrinsix for a total adjusted consideration of approximately $33.569 million, including cash at closing, escrow for indemnification claims, and holdbacks tied to executive retention. Completed on May 31, 2021, this acquisition strategically expanded CEVA’s portfolio by integrating Intrinsix’s chip design expertise and RF, mixed-signal, and secure processing IP, thereby strengthening its offerings for aerospace, defense, IoT, 5G infrastructure, automotive, and industrial IoT markets. |
Recent press releases and 8-K filings for CEVA.
- CEVA Inc reported total revenue of $24.2 million in Q1 2025, a 10% increase from Q1 2024, driven by licensing revenue of $15.0 million and royalty revenue of $9.2 million .
- The company secured 11 new licensing agreements, including a strategic Wi‑Fi 7 deal and significant IP wins that reinforce its Edge AI strategy .
- CEVA’s technology powered 420 million devices, marking a 13% year-over-year increase .
- GAAP net loss narrowed to $3.3 million (down from $5.4 million), while non‑GAAP net income turned positive at $1.4 million .
- Operating performance improved with GAAP operating loss reducing from $5.0 million to $4.4 million .
- Achieved a GAAP gross margin of 86% .