Intel Corporation Signs $20 Million Multi-Year License Agreement for Sonics System IP for SoC Platform Initiatives

Sonics, Inc.(R), a leader of system IP for cloud-scale SoCs, today announced that Intel Corporation has licensed key IP components from Sonics portfolio of system IP for use in its SoC platforms -- which incorporate the Intel(R) Atom(TM) processor. Intel will work with Sonics to rapidly, intelligently and securely integrate a wide array of third party IP onto its SoC platform. This collaboration will help to increase performance, maintain competitive time-to-market schedules and offer superior platform design methodologies for tablets, netbooks, smartphones, as well as other Intel mobility and consumer products.