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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.
- 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?