Andes Technology marks eight years of continuous growth, with AI clients generating 38% of its 2024 revenue.
San Jose, CA, March 14, 2025 — Andes Technology Corporation (TWSE: 6533), a leading provider of RISC-V processor IP solutions known for high performance and low power consumption, announced record revenue exceeding $42 million for 2024. Since introducing its first RISC-V product in 2018, the company has achieved a compound annual growth rate (CAGR) of 28.7%, solidifying its position in the RISC-V market.
Consistent Revenue Growth and Expanded Market Presence
Andes continues to see strong revenue gains in both licensing and royalties, driven by the increasing adoption of its RISC-V processor IP.
- License Revenue increased by 38.4% compared to the previous year, indicating strong customer acceptance.
- Royalty Revenue rose by 25.0% year-over-year, reflecting the widespread use of Andes-powered chips, with over 16 billion units now shipped.
Taiwan (38%) and the United States (31%) remain Andes’ largest markets geographically, with China (23%) and other regions contributing to the company’s global expansion.
Andes Expands RISC-V Leadership in AI and Automotive Sectors
AI is the leading application sector, followed by consumer electronics, IoT, and automotive.
AI is now a significant growth engine for Andes, contributing 38% of the company’s revenue. Andes is well-positioned to address the demands of AI with its high-performance vector processors and ACE (Andes’ Automated Custom Extensions). ACE allows Andes’ customers to easily customize their Instruction Set Architecture (ISA) to achieve superior performance and power efficiency while maintaining flexibility and ease of use. Over 80% of Andes’ AI customers utilize this capability to differentiate their offerings. Key AI customers include Axelera AI, Fractile AI, Meta, RAIN AI, and Rivos Inc, among others. Furthermore, Deep Computing launched the world’s first RISC-V AI PC, which is powered by Andes’ 7nm Qilai SoC.
In addition, automotive revenue has increased 2.6 times, reflecting Andes’ investment in ISO 26262 certified IPs and the growing use of RISC-V in safety-critical systems. Andes has added a major US Integrated Device Manufacturer and MetaSilicon to its customer list for its automotive-certified IPs.
Looking Ahead
“The rapid growth of AI applications highlights RISC-V’s potential in artificial intelligence,” stated Frankwell Lin, Chairman and CEO of Andes Technology. “We are dedicated to investing in AI acceleration technologies and strengthening our partnerships to promote AI adoption across various industries.”
“RISC-V is no longer just an emerging standard; it is becoming the foundation for the next generation of computing,” added Dr. Charlie Su, President and CTO of Andes Technology. “With a solid product roadmap and strong ecosystem collaborations, Andes is ideally positioned to establish RISC-V as the standard for AI workloads.”
Eight years ago, Andes Technology demonstrated foresight by being an early adopter of RISC-V. Through continuous innovation, a strong focus on customers, and a deep understanding of market trends, the company has gained traction, evolving into a key player in the RISC-V revolution. Today, Andes continues to be a leader in RISC-V processor IP, driving advancements in AI, automotive, and high-performance computing.
To discover more about Andes and its ecosystem of customers and partners, please register for Andes RISC-V CON Silicon Valley on April 29 at the DoubleTree by Hilton Hotel in San Jose. Event website:
About Andes RISC-V CON Silicon Valley
ANDES RISC-V CON 2025 will be held at the DoubleTree by Hilton Hotel in San Jose on April 29.
The event will showcase RISC-V processors that are powering a wide range of innovative technologies, with a focus on four main application areas: AI/ML, automotive electronics, application processing, and security. Leading ecosystem partners, including Amazon, Arteris, Baya, BrainChip, Cycurity, Edge AI and Vision Alliance, EdgeQ, IAR, Imagination, OPENEDGES, proteanTecs, QuickLogic, S2C, SHD Group, Siemens, and Sondrel, will share insights and present their latest advancements.
A new in-depth, hands-on developer track, conducted in partnership with IAR, Baya, and Imagination, will offer comprehensive RISC-V training.
Join us to explore cutting-edge RISC-V innovations and connect with industry experts:
About Andes Technology
As a Founding Premier member of RISC-V International and a leading commercial CPU IP provider, Andes Technology (; ; ) is fostering the global adoption of RISC-V. Andes’ extensive RISC-V Processor IP portfolio includes everything from ultra-efficient 32-bit CPUs to high-performance 64-bit Out-of-Order multiprocessor coherent clusters.
With advanced vector processing, DSP capabilities, the powerful Andes Automated Custom Extension (ACE) framework, end-to-end AI hardware/software stack, ISO 26262 certification with full compliance, and a robust software ecosystem, Andes enables customers to fully leverage the potential of RISC-V, accelerating innovation across AI, automotive, communications, consumer electronics, data centers, and mobile devices. Over 16 billion Andes-powered SoCs had been shipped by the end of 2024, driving innovations worldwide. Discover more at and connect with Andes on , ,and .
CONTACT: Hsiao-Ling Lin hllin@andestech.com
