(IT-NEWSWIRE.COM, November 14, 2017 ) Semiconductor IP is an integral part of electronic design and automation (EDA) process and are meant to aid design engineers and developers to develop new chips. The use of semiconductor IP blocks in lieu of the miniaturization of electronic products reduces the overall production cost. The growing complexity of semiconductor chip designs is adding to the importance of semiconductor IP. The IP rights generally remain with the company that has the chip design and can be licensed to other firms. Such chip design layout components are also referred to as IP core or building blocks.
The market is divided into the following segments based on geography: -Americas -APAC -EMEA