In July 2019, CEVA, Inc. (NASDAQ: CEVA), a global leader in semiconductor intellectual property and software solutions, expanded its portfolio by acquiring Hillcrest Labs, a renowned innovator in sensor processing technology. As a key player in the electronic components industry, CEVA leverages Hillcrest Labs' advanced Freespace® sensor processing technology to enhance motion control solutions across various consumer electronics and IoT devices. With over 15 years of expertise, Hillcrest Labs' technology has been instrumental in powering sophisticated motion controllers in smart TVs, set-top boxes, personal computers, and gaming consoles. Today, CEVA’s integrated offerings are integral to the development of cutting-edge devices in virtual reality (VR), augmented reality (AR), robotics, TV, and wireless remote control sectors. Their proprietary and patented Freespace technology converts human and machine movements into precise, high-quality data, enabling electronics manufacturers and developers to create innovative products with enhanced motion accuracy and user interface capabilities. As a leader in sensor signal processing and motion control solutions, CEVA continues to drive advancements in high-performance, industry-leading electronic components for smart and connected devices worldwide.