L&T Semiconductor Technologies (LTSCT) announced an IP License Master Agreement with Andes Technology, a RISC-V processor IP provider. The agreement outlines financials, modification rights, and the legal boundaries around confidentiality and tech support. The companies are set up for long-term collaboration, which will allow LTSCT to bring custom-engineered semiconductor solutions to market using Andes’ RISC-V tech. As the partnership matures, the agreement also stipulates how modification rights become less restrictive.
Underlining the significance of the partnership, Mr Sandeep Kumar, Chief Executive, LTSCT, said, “This agreement lays the foundation for a strategic, long-term partnership anchored in shared priorities around innovation, operational efficiency, and disciplined execution. By pairing a clear, scalable legal framework with a forward-looking business model, we enable faster collaboration, more predictable IP deployment, and improved alignment between technology development and commercial outcomes.”
Expressing their perspective, Mr Frankwell Jyh-Ming Lin, CEO, Andes Technology, added, “We are pleased to have reached an agreement with LTSCT, which establishes a clear and scalable framework for long-term collaboration. By aligning our IP assets with LTSCT’s product and market strategy, the agreement enables faster execution, greater flexibility, and expanded commercial opportunities, ultimately delivering increased value across the semiconductor ecosystem.”
