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Ceva Inc. was created in November 2002 with the merger of the DSP IP licensing division of DSP Group (based in Israel) and Parthus Technologies plc. The agreement was announced in April, 2002.
The company used the name ParthusCeva for the combination and listed its shares on the Nasdaq under the symbol PCVA and the London Stock Exchange under the symbol PCV.
In December, 2003, the company dropped the "Parthus" from its name, and changed the ticker symbol to Ceva.
In 2007, it sold its stake in Dublin-based company GloNav to NXP Semiconductor for a gain of $10.9 million.
The company develops semiconductor intellectual property core technologies for multimedia and wireless communications. Ceva claimed the largest number of baseband processors in 2010, and a 90% DSP IP market share in 2011.
In July 2014 it acquired RivieraWaves SAS, a private company based in France.
In July 2019, the company acquired the Hillcrest Labs sensor fusion business from InterDigital. In the same month, CEVA entered into a strategic partnership with a Canadian company, Immervision to secure exclusive licensing rights for its patented image processing and sensor fusion technologies for wide-angle cameras.
On May 31, 2021, Ceva acquired Intrinsix, another semiconductor design company, for an estimated $33 million.
On September 20, 2023, Cadence acquired Intrinsix Corporation from Ceva.