Andes Technology Announces Over 2 Billion Shipments Of Andes-Embedded SoCs In 2020 The Cumulative Shipments Reached a Remarkable 7 Billion since Company Inception HSINCHU, TAIWAN – July 5, 2021– Andes Technology (TWSE: 6533), a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores, announced a remarkable record of 2 billion annual SoC shipments containing its CPU IPs in 2020 at an annual growth rate of 33%. Since inception, the cumulative shipments surpassed 7 billion. Applications of SoC in which Andes CPU IPs are embedded include audio, Bluetooth, gaming, GPS, machine learning, MCU, sensor fusion, SSD controllers, touch screen and TDDI controllers, storage device, voice recognition, wireless charger and more. “Although the pandemic has impacted the global economy, the SoC shipments containing Andes CPU IPs still hit a record high. Most of the 2 billion shipments in 2020 are Andes processors of the third generation architecture (V3), but Andes’ RISC-V series IPs launched in 2017 have started to contribute royalties as well,” said Frankwell Lin, CEO of Andes Technology. “While the proportion of royalties from our RISC-V cores is still low, with the momentum of our RISC-V core licensing, we believe they will grow to dominate our royalties and become a significant part of our revenue in a much faster pace than our V3 processors. Also, Andes has continued to devote itself to contributing the RISC-V community by playing a leading role in the Board and Technical Steering Committee of the RISC-V International to influence RISC-V technical planning, business strategy, and ecosystem development.”