Arteris (AIP) Is Up 20.7% After Expanded MIPS RISC-V Physical AI Partnership Has The Bull Case Changed?

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May. 04, 2026 –

On 21 April 2026, Arteris, Inc. announced a collaboration with MIPS, a GlobalFoundries company, under which MIPS will use Arteris FlexGen smart NoC IP and Magillem SoC integration software to accelerate development of physical AI computing platforms across automotive MCUs, ADAS, robotics, and embedded computing.
This agreement deepens an existing RISC-V partnership and embeds Arteris system IP directly into MIPS' scalable SoC platforms, potentially broadening Arteris' reach into emerging physical AI hardware designs.
Next, we'll examine how embedding Arteris FlexGen smart NoC IP into MIPS' RISC-V platforms could reshape the company's longer-term investment narrative.