CEVA, a baseband DSP IP provider, has featured in Apple C1 5G modem and expects its 2H smartphone royalty to grow due to Apple's new iPhone 17 line up. Earlier, Qualcomm guided iPhone 17 lineup will have 30% internal modems. CEVA, however, maintained its LSD% growth guidance for CY25 (revised down from HSD% in May).
Source: Sravan Kundojjala
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