09:36 AM EDT, 07/22/2025 (MT Newswires) -- Arteris ( AIP ) said Tuesday that Whalechip has licensed its FlexNoC 5 interconnect IP for use in a custom chip designed to support near-memory computing.

Financial terms were not provided.

The company said the technology will be used in an application-specific integrated circuit aimed at supporting performance and efficiency in artificial intelligence workloads by addressing memory access bottlenecks within chips.

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