M31 to list on Taiwan OTC market in January 2019

Monica Chen, Taipei; Jessie Shen, DIGITIMES, December 21, 2018

Source: https://www.digitimes.com/news/a20181221PD208.html

Silicon IP provider M31 Technology is slated to list on Taiwan's over-the-counter (OTC) securities market in the latter half of January 2019, according to company chairman and CEO Hsiao-Ping Lin.。

M31 is closely working with the world's major pure-play foundries, including TSMC. The silicon IP provider has been a member of TSMC's IP Alliance Program since 2012 and has developed various IPs for TSMC's processes ranging from 180nm to 12nm,

Lin expressed optimism about M31's performance in 2019, citing more new partners, as well as demand arising from the emerging AI and automotive electronics applications.

M31 has started working with Samsung, and expects to see revenues generated from the tie-up in the first half of 2019, Lin continued.

M31 Technology has invested in the IP development of AI and automotive, and successively passed the ISO 26262 development process certification and related product certification, winning customers from the world's first-class car makers. In 2019, M31 Technology will start to develop the IP targeting 7nm process technology.

M31 is aiming to become a leader in the fundamental IP segment, and be capable of challenging Synopsys, Lin said.

M31 saw its cumulative 2018 revenues through November increase 26% from a year earlier to NT$665 million (US$21.6 million). IP licenses accounted for the majority of the revenues, Lin indicated, adding that royalties as a proportion of company revenues will climb from the current 10%.

M31's main products include high-speed transmission interface IPs, such as USB, MIPI, PCIe and SATA, and fundamental IPs including cell libraries, memory compilers and I/O. Its target markets and applications include mobile multimedia storage, IoT, automotive, AI and cloud computing.