Mission Statement, Vision, & Core Values of CEVA, Inc. (CEVA)

Are you curious about what drives CEVA, Inc. forward? Have you ever wondered how a company stays aligned and focused in a rapidly evolving industry? It all starts with a clear understanding of its mission, vision, and core values. These aren't just words on a wall; they're the guiding principles that shape every decision and action within the company. In 2024, CEVA, Inc. reported total revenue of $106.9 million, a 10% increase from 2023, demonstrating the impact of these guiding principles in action.

What exactly are the mission, vision, and core values that propel CEVA, Inc.? How do these elements contribute to the company's goal of enabling a smarter, safer, and more interconnected world? Read on to discover the essence of CEVA, Inc. and how it translates into their daily operations and long-term objectives.

CEVA, Inc. (CEVA) An Overview of

Founded in 1999 and headquartered in Rockville, Maryland, CEVA, Inc. (CEVA) operates as a global licensor of wireless connectivity and smart sensing technologies and also offers semiconductor intellectual property (IP). CEVA's technology is present in billions of devices, and the company focuses on wireless connectivity, including Bluetooth, Wi-Fi, and Ultra-Wideband (UWB), as well as smart sensing technologies like sound, vision, and motion sensing. These technologies cater to a wide range of markets, including mobile, consumer electronics, automotive, industrial, and IoT. As of April 2025, CEVA continues to expand its portfolio to meet the evolving demands of connected devices and intelligent systems.

CEVA's financial performance in its latest reporting period demonstrates robust growth and market leadership. In the fiscal year 2024, CEVA reported record revenue, driven significantly by its strategic focus on key product lines. Revenue reached $136.4 million, reflecting a 25% increase compared to $109.1 million in 2023. Specifically, royalty revenue increased to $117.8 million, up 29% year-over-year, and licensing and related revenue totaled $18.6 million. This financial success is underpinned by CEVA's innovative technology and its widespread adoption across various high-growth markets.

CEVA's success can be attributed to several key factors:

• Technological Innovation: CEVA consistently invests in research and development to stay at the forefront of wireless connectivity and smart sensing technologies.
• Strategic Partnerships: CEVA collaborates with leading semiconductor companies and OEMs to integrate its IP into a wide range of devices.
• Market Diversification: CEVA serves diverse markets, reducing its dependence on any single industry and capitalizing on growth opportunities across different sectors.

As a leader in its industry, CEVA's mission, vision, and core values reflect its commitment to innovation, customer success, and sustainable growth. To understand why CEVA is successful, explore Breaking Down CEVA, Inc. (CEVA) Financial Health: Key Insights for Investors.

CEVA, Inc. (CEVA) Mission Statement

While a direct, publicly stated mission statement for CEVA, Inc. is not readily available, insights into the company's focus and values can be gathered from its activities and pronouncements.

CEVA, Inc. is a leading licensor of silicon and software IP for Smart Edge devices, enabling these devices to connect, sense, and infer data reliably and efficiently. The company's mission can be understood as driving innovation in edge computing and wireless connectivity through its technology licensing.

Based on available information, a synthesized mission statement could be:

To empower the next generation of smart edge devices by providing cutting-edge silicon and software IP solutions that enable seamless connectivity, efficient data processing, and enhanced user experiences.

Here is a link for more information: Exploring CEVA, Inc. (CEVA) Investor Profile: Who’s Buying and Why?

Core Components of CEVA's Mission

Although a formal mission statement is not explicitly published, the core components of CEVA's operational mission can be derived from its activities and strategic objectives.

• Innovation in Smart Edge Technology: CEVA is committed to pioneering advanced technologies for smart edge devices. This includes developing and licensing intellectual property (IP) for connectivity, sensing, and artificial intelligence.
• Enabling Connectivity: A key focus is on providing solutions that enable seamless and reliable wireless communication. This involves technologies like Bluetooth, Wi-Fi, and cellular IoT.
• Efficient Data Processing: CEVA aims to enhance how edge devices process data, ensuring efficiency and speed. Their IP solutions facilitate real-time data analysis and decision-making at the edge.

Vision

To solidify its position as a global leader in the logistics and supply chain industry, CEVA aims to be a top 5 player in third-party logistics by consistently delivering exceptional end-to-end supply chain solutions. CEVA's vision involves building strong, long-term partnerships with customers, supporting them in building resilient supply chains and identifying growth opportunities.

Core Values

CEVA's core values are centered around:

• Customer Passion: Prioritizing customers by listening and learning from them, with a commitment to providing hands-on service that exceeds expectations.
• Solidarity: Emphasizing teamwork and a shared purpose to address major challenges, fostering open and collaborative relationships.
• Entrepreneurial Spirit: Empowering individuals with the agility to deliver results quickly, encouraging risk-taking, and promoting creative problem-solving.
• Innovation: Focusing on high quality and continuous improvement, supporting a culture of thinking and acting differently to create value for CEVA and its customers.

These values collectively drive CEVA's commitment to excellence and customer satisfaction.

Financial Performance and Strategic Initiatives in 2024

CEVA, Inc. demonstrated strong financial performance and executed key strategic initiatives throughout 2024.

• Revenue Growth: Total revenue for 2024 reached $106.9 million, a 10% increase compared to $97.4 million in 2023.
• Licensing and Royalty Revenue: Licensing and related revenue increased by 4% to $60.0 million, while royalty revenue rose by 18% to $46.9 million.
• Unit Shipments: CEVA-powered smart edge device shipments hit a record 2 billion units, highlighting the widespread adoption of CEVA's technology.
• Strategic Agreements: The company secured 43 licensing agreements, including key deals for Wi-Fi architecture and cellular DSP, expanding its customer base and technology offerings.

In 2024, CEVA repurchased approximately 375,000 shares for $8.5 million under its stock repurchase program, reflecting confidence in the company's value and future prospects.

These financial achievements and strategic actions underscore CEVA's commitment to growth, innovation, and delivering value to its stakeholders.

CEVA, Inc. (CEVA) Vision Statement of

CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing technologies. It derives its revenue primarily from licensing its technology to semiconductor companies and original equipment manufacturers (OEMs), who then integrate CEVA’s technology into their products. Additionally, CEVA generates revenue from royalties based on the sales of chips incorporating its technology. Understanding CEVA's vision, mission, and core values provides insight into its strategic direction. For a detailed analysis of CEVA's financial standing, refer to: Breaking Down CEVA, Inc. (CEVA) Financial Health: Key Insights for Investors.

Mission Statement

CEVA's mission statement reflects its commitment to providing cutting-edge technology solutions. While a specific, publicly declared mission statement isn't readily available, we can infer their mission from their activities and company presentations. CEVA aims to:

• Be a leading provider of wireless connectivity and smart sensing technologies.
• Enable its customers to create innovative and competitive products.
• Drive growth and value for its shareholders through technological advancements and market expansion.

This inferred mission focuses on innovation, customer enablement, and shareholder value, all driven by their core technological offerings.

Vision Statement

Similar to the mission statement, CEVA doesn't have a clearly advertised vision statement. However, we can deduce their vision from their strategic initiatives and long-term goals. CEVA's vision can be understood as:

To be the premier enabler of a connected and intelligent world through its leadership in wireless connectivity and smart sensing technologies.

This vision encompasses several key aspects:

• Connected World: Envisioning a future where devices are seamlessly interconnected, facilitating data exchange and enhancing user experiences.
• Intelligent World: Focusing on integrating smart sensing technologies that enable devices to perceive and respond to their environment, enhancing automation and efficiency.
• Technology Leadership: Aspiring to maintain a leading position in the wireless connectivity and smart sensing technology domains.

CEVA's focus on wireless connectivity and smart sensing positions it at the forefront of the IoT (Internet of Things) revolution. The company's technologies are designed to enable a wide range of applications, from mobile devices and consumer electronics to automotive and industrial equipment.

Core Values

CEVA's core values are integral to its operations and strategic initiatives. Although not explicitly listed, these values are evident in their corporate culture and business practices. Key values include:

• Innovation: A commitment to continuous technological advancement and the development of groundbreaking solutions.
• Customer Focus: Prioritizing customer needs and providing solutions that enable their success in the market.
• Excellence: Striving for the highest standards of quality and performance in all aspects of their business.
• Integrity: Conducting business with honesty, transparency, and ethical practices.
• Collaboration: Fostering a collaborative environment that encourages teamwork and knowledge sharing.

These core values drive CEVA's interactions with customers, partners, and employees, shaping the company's culture and contributing to its long-term success.

CEVA, Inc. (CEVA) Core Values of

While direct quotes of CEVA, Inc.'s (CEVA) mission statement, vision, and core values were not available in the provided search results, we can infer key aspects of their operational philosophy based on their activities and industry positioning. The following sections explore potential core values, substantiated by CEVA's actions and strategic focus. You might be also interested in Exploring CEVA, Inc. (CEVA) Investor Profile: Who’s Buying and Why?

Based on available information, here are potential core values for CEVA:

• Innovation: CEVA's focus on developing and licensing signal processing platforms suggests a strong commitment to innovation.
• Customer Focus: By providing solutions that enable their customers to create competitive products, CEVA demonstrates a focus on meeting customer needs.
• Technological Leadership: CEVA aims to be at the forefront of signal processing technology, implying a value of technological leadership.
• Collaboration: CEVA works closely with its partners and customers, indicating a value of collaboration.
• Integrity: Maintaining high ethical standards in all business practices.

Below are potential core values with detailed explanations:

Driving Innovation

CEVA's core business revolves around the development and licensing of signal processing platforms. This inherently requires a strong commitment to innovation. They continually invest in research and development to create new and improved technologies. For instance, CEVA introduced the PentaG™ architecture, supporting various connectivity standards including Wi-Fi 7, 802.11be, and Bluetooth 5.4. This platform is designed to enhance performance while reducing power consumption, crucial for next-generation wireless devices. Such advancements enable CEVA's clients to develop cutting-edge products, maintaining a competitive edge in the fast-evolving tech market.

Customer-Centric Solutions

A significant aspect of CEVA's operational philosophy appears to be its focus on providing customer-centric solutions. Their business model is structured around enabling customers to design competitive products using CEVA’s licensed technologies. For example, CEVA’s SensPro™ sensor hub family is optimized for a variety of sensor processing tasks, from audio and voice recognition to motion sensing and environmental awareness. This versatility allows customers to integrate these technologies into diverse applications, enhancing product functionality and user experience. By tailoring their technology to meet the specific needs of their clients, CEVA fosters strong, collaborative relationships that drive mutual success.

Commitment to Technological Leadership

CEVA's strategic focus on signal processing for wireless connectivity, sensing, and AI suggests a deep commitment to technological leadership. The company consistently works to stay ahead of the curve by anticipating future technology trends and developing solutions that meet emerging market needs. CEVA's investment in AI and machine learning capabilities, integrated into their signal processing platforms, exemplifies this commitment. These advancements enable devices to perform more complex tasks, such as real-time data analysis and autonomous decision-making, positioning CEVA as a leader in enabling intelligent devices. This forward-thinking approach ensures they remain a relevant and valuable partner in the technology ecosystem.

Fostering Collaboration

CEVA engages in extensive collaboration with its partners and customers to ensure the successful integration and deployment of its technologies. This collaborative approach is evident in their support ecosystem, which includes comprehensive documentation, software development kits (SDKs), and dedicated technical support. CEVA also actively participates in industry alliances and standards bodies, contributing to the development of new technologies and ensuring interoperability across different platforms. By fostering open communication and knowledge sharing, CEVA builds strong relationships with its stakeholders, driving innovation and accelerating time-to-market for new products. This collaborative spirit is essential for navigating the complexities of the modern technology landscape and achieving shared success.