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Benzinga
Benzinga
Business
Adam Eckert

Arteris Stock Surges After AMD Licenses FlexGen For Next-Generation AI Chiplet Design

Arteris AMD Advanced Micro Devices, Inc
Close-,Up,Of,Computer,Chip,With,Ai,Sign.,Artificial,Intelligence.

Arteris Inc (NASDAQ:AIP) shares are soaring in Monday’s after-hours session after the company announced a deal with Advanced Micro Devices Inc (NASDAQ:AMD) for its next generation of AI chiplet design.

What To Know: After the market close on Monday, Arteris said AMD licensed its FlexGen network-on-chip (NoC) interconnect IP for its next-generation chips. FlexGen will provide high-performance data transport in AMD chiplets powering AI across data centers and edge and end devices.

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