Hillcrest Labs (CEVA)

CEVA acquired the Hillcrest Labs business in July 2019. Hillcrest Labs' innovative and proven MotionEngine? software supports a broad range of merchant sensor chips and is licensed to OEMs and semiconductor companies that can run the software on CEVA DSPs or a variety of RISC CPUs, including Arm? Cortex?-M and A series and RISC-V based cores. The MotionEngine software expands and complements CEVA's smart sensing technology, which includes computer vision and AI processing for cameras and sound processing for microphones. As a result, CEVA DSP licensees now benefit from CEVA's capabilities as a complete, one-stop-shop for processing all classes and types of sensors. Furthermore, the Hillcrest Labs software technology broadens CEVA's software licensing engagements directly with OEMs and ODMs to enable the addition of a plethora of IMU-based software applications to their merchant SoCs, which adopt a royalty payment scheme based on devices rather than chips.