Hsinchu, Taiwan, March 20, 2024 (Globe Newswire) — Since its IPO in 2017, Andes Technology (TWSE:6533) has established itself as a leader in the CPU IP sector, with revenue of 5 in the past seven years. Achieved a 2x increase. . Andes has invested capital and R&D talent to accelerate the launch of high-end products to ensure long-term competitiveness and maintain market leadership. A competitive product portfolio is expected to generate the next wave of revenue peaks.

By carefully monitoring market trends and technology trends and making bold decisions, Andes is able to successfully meet challenges, including bringing proprietary AndeStar™ V3 ISA innovations to the RISC-V-based AndeStar™ V5. We have strategically positioned our company to overcome these challenges and seize new opportunities. In 2023, Andes surpassed a significant milestone with total shipments of 14 billion units of his Andes-Embedded™ SoCs, even though the entire industry was still experiencing inventory shortages. According to his SHD marketing report released in January 2024, Andes has secured his staggering 30% market share in RISC-V-based chip shipments through customers around the world. The number one provider of RISC-V CPU IP.

In 2023, the diverse product portfolio offered by Andes was very well received by the market and enabled its sustained growth. Andes successfully launched the breakthrough vector processor AX45MPV and the industry-revolutionizing automotive ISO 26262 fully certified core N25F-SE. Most recently, Andes entered the application processor market with the launch of its cutting-edge out-of-order (OOO) processor AX65. AndesCore™ D23 and N225 are also released for compact, high performance and secure applications. In addition to CPU IP, Andes also established a new product line, AndesAIRE™ or Andes AI Runs Everywhere, which provides comprehensive hardware and software solutions designed for edge and endpoint inference.

Andes' unwavering commitment to customer satisfaction has fostered strong customer relationships and strengthened its market position. Andes products address a wide range of market segments including AI/ML, 5G communications, FPGAs, image processing, IoT, MCU/MPU, sensors, storage, TDDI, and wireless connectivity.

Going forward, Andes remains dedicated to innovation, customer satisfaction, and continued adaptation to the dynamic CPU IP licensing market. Below are a series of key drivers supporting growth in the Andes.

Expanding AI and HPC applications: The continued surge in demand for AI and high performance computing (HPC) applications, coupled with the requirement for specialized SoCs, will serve as one of the key drivers for Andes. Providing processors enhanced with ACE™ (Andes Automated Custom Extension) to meet the demanding requirements of AI and HPC workloads has contributed significantly to Andes' market growth.

Increasing demand for automotive grade (ISO 262626) SoCs: As the automotive industry continues to advance, the need for automotive-grade SoCs that are compliant with the ISO 262626 standard is increasing. Andes has recognized this trend and is proactively responding to the growing demand for automotive-grade solutions. By offering processors designed to meet the automotive sector's stringent safety and reliability requirements, Andes is well-positioned to take advantage of this growing market segment, further strengthening its success and market penetration. Masu.

RISC-V ecosystem maturity: Andes is contributing to the rapid expansion of the RISC-V ecosystem by actively participating in RISC-V International and the community with the highest levels of RVI membership and summit sponsorship. Through this effort, Andes remains at the forefront of his RISC-V development, fostering a virtuous cycle that benefits both the company and the ecosystem.

The rise of multi-core heterogeneous SoCs: The increasing complexity of modern applications across various domains such as AIoT, edge computing, and data centers has led to the rise of multi-core heterogeneous systems-on-chips (SoCs). Andes has a strategic focus on developing a diverse product portfolio that seamlessly addresses the demands of multi-core heterogeneous SoCs. These processors provide the performance and flexibility needed to address the requirements of modern applications.

“Andes Technology's consistent growth journey over the past seven years has demonstrated our commitment to staying ahead of industry trends and remaining committed to our customers,” said Frankwell Lin, Chairman and CEO of Andes Technology. This is a testament to our unwavering determination.” “We remain dedicated to shaping the future of the CPU IP licensing market with our cutting-edge solutions.”

“Andes is charting its future roadmap with the motto of 'driving innovation,' while developing high-end products that push the boundaries of performance,” said Dr. Charlie Hsu, CTO and President. “Meanwhile, we continue to deliver powerful, compact processors for power efficiency and security. We are aligning our expertise with the evolving needs of this dynamic industry and using our talented Through effective collaboration with our team and our customers, we will continue to move forward and shape the future.” Address your AI requirements. ”

About Andes RISC-V CON
ANDES RISC-V CON is an annual RISC-V technology forum hosted by Andes Technology and sponsored by partners. In 2024, the San Jose session will be held at the DoubleTree by Hilton Hotel. June 11th. The theme for 2024 is “A deep dive into automotive/AI/application processing and security trends” Introducing the flexible RISC-V processor that is changing the face of new computing and sharing how Andes supports the RISC-V ecosystem in implementing diverse applications of the innovative technology. He will focus on his four popular application areas: AI/ML, automotive electronics, application processing, and security. Many of his ecosystem partners will be invited to speak or attend his on-site demonstrations. For free registration, please visit the Andes RISC-V CON official website. https://www.andestech.com/Andes_RISC-V_CON_2024_US/

About Andes Technology

Founded 19 years ago, Andes is a publicly traded company and a founding Premier Member of RISC-V International (Taiwan Stock Exchange: 6533; SIN: US03420C2089; ISIN: US03420C1099) is a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions and the driving force behind bringing RISC-V into the mainstream. Andes' fifth generation AndeStar™ architecture is based on RISC-V. His V5 RISC-V CPU family ranges from his tiny 32-bit cores to advanced 64-bit out-of-order processors with DSP, FPU, Vector, Linux, superscalar, functional safety, and multi-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs will exceed 14 billion units. Learn more about. https://www.andestech.com.Follow the Andes linkedin, Facebook, X, Biting and YouTube!


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