gfp927z
3 años hace
>>> Arteris - >>> 4 Stocks Insiders Are Buying
Benzinga
by Lisa Levin
November 1, 2021
https://finance.yahoo.com/news/4-stocks-insiders-buying-111428953.html
The Trade: Arteris, Inc. (NASDAQ: AIP) Director Wayne C Cantwell acquired a total of 47094 shares at an average price of $18.75.
What’s Happening: The company, last week, priced its IPO at $14 per share.
What Arteris Does: Arteris is a provider of network-on-chip interconnect semiconductor intellectual property (IP) and IP deployment technology to accelerate system-on-chip semiconductor development and integration for a wide range of applications from AI to automobiles, mobile phones, IoT, cameras, SSD controllers, and servers for customers such as Bosch, Baidu, Mobileye, Samsung, Toshiba and NXP.
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gfp927z
3 años hace
>>> Arteris IP Announces Pricing of Initial Public Offering
Yahoo Finance
October 26, 2021
https://finance.yahoo.com/news/arteris-ip-announces-pricing-initial-033600681.html
CAMPBELL, Calif., Oct. 26, 2021 /PRNewswire/ -- Arteris IP, a leading provider of system-on-chip (SoC) system intellectual property (IP) consisting of network-on-chip (NoC) interconnect IP and IP deployment software, today announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $14.00 per share. The gross proceeds to Arteris IP from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $70.0 million. All of the shares are being offered by Arteris IP. In addition, Arteris IP has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on the Nasdaq Global Market on October 27, 2021 under the ticker symbol "AIP," and the offering is expected to close on October 29, 2021, subject to the satisfaction of customary closing conditions.
Jefferies LLC and Cowen are serving as lead bookrunners and BMO Capital Markets is serving as joint book-running manager for the offering. Northland Capital Markets and Rosenblatt Securities are acting as co-managers for the offering.
A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission on October 26, 2021. Copies of the registration statement can be accessed through the Securities and Exchange Commission's website at www.sec.gov. The offering is being made only by means of a written prospectus, forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022; by phone at (877) 821-7388; or by e-mail at Prospectus_Department@Jefferies.com; and Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by phone at (833) 297-2926, or by email at PostSaleManualRequests@broadridge.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Arteris IP
Arteris IP is a leading provider of System IP consisting of NoC interconnect and other IP as well as IP Deployment software that accelerate creation of SoC type semiconductors. Our products enable our customers to deliver increasingly complex SoCs that not only process data but are also able to make decisions.
Investor Contacts
Nick Hawkins, VP and CFO
Arteris, Inc.
ir@arteris.com
Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
ir@arteris.com
Media Contact
Kurt Shuler
Arteris IP
+1 408 470 7300
kurt.shuler@arteris.com
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gfp927z
3 años hace
Arteris - >>> Tesla is not a car company — it's an 'internet-of-cars company:' Arteris CEO
Yahoo Finance
by Pras Subramanian
October 29, 2021
https://finance.yahoo.com/news/tesla-is-not-a-car-company-its-an-internet-of-cars-company-arteris-ceo-191640972.html
It's been a huge week for Tesla (TSLA).
Shares jumped to new highs as the market cap of the pure-play electric vehicle maker topped $1 trillion for the first time, making it the 5th most valuable company in the S&P 500 (^GSPC) — and sending Elon Musk's personal fortune north of $300 billion.
A huge deal with Hertz buying 100,000 Teslas for its rental fleet, and a big bullish note from Morgan Stanley analyst Adam Jonas had shares jumping. But it also follows a big earnings report in the week prior, where Tesla again posted record deliveries of 241,391 in the third quarter, up over 60% from a year ago. This as the company has now achieved an annual production run rate of 1 million vehicles.
Tesla's production and delivery output comes amid the backdrop of massive automakers like GM (GM), Volkswagen (VWAGY), and Ford (F) seeing production cuts because of the ongoing component and chip shortages brought on by the lingering effects of the global pandemic.
From a scale perspective, traditional OEM automakers produce far more vehicles compared to Tesla, but even Musk naysayers can't deny what the company has been able to achieve in difficult times.
So what can other automakers learn from Tesla? Yahoo Finance asked chip tech company Arteris' (AIP) CEO Charles Janac, whose company helps SoC (system-on-chip) manufacturers make chips for cars, why Tesla has not been as affected as some of their competitors. His answer turned the question on its head.
"In my opinion, Tesla is not necessarily a car company — It's an internet of cars company," he said. "They control their software architecture very well, and ... they make some of their own chips."
Janac noted Tesla has an innovative partnership with Samsung to make chips it specifically needs, but adds that Tesla's ingenuity goes further. "Even for the chips that they buy, they're able to get their software teams to reprogram some of the software for chips that are available. So they're a little bit more nimble because they control their own software architecture."
What's happening is Tesla is that its engineers are able to repurpose and reprogram chips that control the automatic climate control system to then work with the cars infotainment system, for example.
Because Tesla has been doing all of its software programming in-house — and has basically grown up as as software and tech company first, and automaker second — it can solve problems differently than traditional automakers.
Janac's not the first to point out how nimble the company can be. And many investors are betting on the company's creative problem-solving and its tech and software prowess when when they value the EV automaker at a forward P/E (price/earnings) ratio of 127, compared to GM's forward P/E of 8.
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barnyarddog
3 años hace
Arteris, Inc. develops Network-on-Chip (NoC) interconnect intellectual property (IP) and tools to accelerate System-on-Chip semiconductor (SoC) assembly for a range of applications. The company also provides FlexNoC Resilience Package that offers hardware-based data protection for increased SoC reliability and functional safety; and FlexWay, a solution for ultra-low power consumption and the automation of interconnecting generation on Internet-of-Things (IoT) edge devices. It serves customers in the mobility, automotive, IoT, and consumer electronics, as well as enterprise SSD, networking, and industrial sectors through distributors and its direct sales team in China, Taiwan, Japan, Europe/Asia-Pacific, North America, and internationally. The company has a strategic partnership with ResilTech S.R.L. and Yogitech S.p.A. Arteris, Inc. was founded in 2003 and is based in Campbell, California. Arteris, Inc. operates as a subsidiary of Arteris Holdings, Inc.
25.8653 +2.9653 (12.95%)
Volume: 178,069
11/16/21 11:59:41 AM