ARC Increases Turnover, Adds Licensees

Electronic News,  March 12, 2001  

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U.K. MICROPROCESSOR developer ARC Cores has reported a 10 percent increase in turnover to about $5.1 million for the fourth quarter of 2000 and closed the year with about $210.6 million in its coffers following September's IPO.

The company also announced that it has signed licensing agreements with IBM Corp., Infineon Technologies AG, Vtech Communications and Austria Mikro Systeme International. For the full year, ARC said turnover has increased to about $153 million, compared with about $2.7 million in 1999. The number of licenses awarded has risen to 73, from 44 customers, and the number of employees worldwide has grown from 102 at the end of 1999 to 279.

"Our portfolio of customers now includes three of the world's leading 10 semiconductor manufacturers and six of the world's leading 30 OEMs," said Bob Terwilliger, ARC's chief executive officer. "I am confident that in 2001 we will continue to build upon the strong platform that we have created for the company."

Earlier this month, ARC introduced its Tangent-A4, a microprocessor core for system-on-a-chip design. According to the company, the soft core can deliver performance of 230Dhrystone MIPS and 362 million MACs per second (dual 16 x 16 MAC).

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