Arteris, Inc. has recently released its 10-K report, providing an insight into the company's financial performance and operations. Arteris, Inc. is a semiconductor system intellectual property solutions provider that manages on-chip communications and IP block deployments in System-on-Chip (SoC) semiconductors and systems of chiplets. The company offers Network-on-Chip (NoC) IP Products, SoC integration automation software solutions, and serves various industries including automotive, communications, consumer electronics, enterprise computing, and industrial sectors. Arteris, Inc. was founded in 2003 and is headquartered in Campbell, California.
In its 10-K report, Arteris, Inc. detailed its cybersecurity risk management program. The program is designed to protect the confidentiality, integrity, and availability of critical systems and information. It includes risk assessments, a Cybersecurity Management Team responsible for managing and communicating cybersecurity priorities, the use of external service providers for cybersecurity risk management, cybersecurity awareness training, incident response procedures, and a third-party risk management process. The company's Cybersecurity Management Team is responsible for assessing and managing material risks from cybersecurity threats, with the Head of IT having primary responsibility for the overall cybersecurity risk management program. The board of directors also considers cybersecurity risk as part of its risk oversight function, receiving updates on significant cybersecurity incidents and periodic briefings on the company's cyber risk management program. Arteris, Inc. has not identified risks from known cybersecurity threats that have materially affected its operations, business strategy, results of operations, or financial condition at this time. However, it faces ongoing risks from cybersecurity threats that are reasonably likely to materially affect the company's operations, business strategy, results of operations, or financial condition. As a result of these announcements, the company's shares have moved 3.9% on the market, and are now trading at a price of $10.14. Check out the company's full 10-K submission here.
