Semiconductor Intellectual Property (IP) Market

The Semiconductor Intellectual Property (IP) market consists of licensable, reusable units of logic and chip layout designs used in the creation of semiconductor chips. The primary customers are chip manufacturers, including foundries and integrated device manufacturers (IDMs), across verticals like consumer electronics, automotive, and telecommunications. Key growth drivers include the soaring demand for semiconductors in consumer electronics, the evolution of AI/ML techniques in chip design, and the rising momentum of the open-source hardware movement like RISC-V.