Arteris Shares Surge 57% After Licensing FlexGen NoC IP for AMD’s AI Chiplets Integrated with Infinity Fabric Ahead of Q2 Earnings

Arteris Inc. (ticker: AIP) has secured a licensing agreement with Advanced Micro Devices Inc. (AMD) to provide its FlexGen Smart Network-on-Chip (NoC) intellectual property for AMD's next-generation AI chiplet designs. This technology will be integrated with AMD’s Infinity Fabric to facilitate efficient data movement across chiplet-based systems, including applications in data centers and edge devices. Following the announcement, Arteris shares surged by approximately 56-59% in extended trading sessions. The partnership is expected to enhance AMD’s AI chip portfolio and improve data transport capabilities. This development has positively impacted Arteris’ market prospects ahead of its upcoming Q2 earnings report. The news also coincides with notable stock advances in other companies, but Arteris’ gain was among the largest in the tech sector on the day of the announcement.