L&T Semiconductor Technologies (LTSCT), a wholly owned subsidiary of Larsen & Toubro, announced it has signed an IP License Master Agreement with Andes Technology, a provider of RISC-V Processor IPs.
The agreement creates a scalable framework for long-term intellectual property collaboration. It is intended to enable LTSCT to accelerate the development and commercialization of RISC-V based advanced, customized semiconductor solutions targeted at global markets.
Key terms of the agreement cover the scope of intellectual property licensing, a cumulative financial structure that supports expanded modification rights, and standard provisions for confidentiality and technical support. These elements aim to provide clarity, flexibility, and scalability for ongoing and future cooperation.
The Master Agreement has three primary objectives:
Establishing a comprehensive legal framework to govern current and future licensing transactions between the parties.
Granting LTSCT the necessary rights to incorporate Andes’ RISC-V technology into its products, supporting faster development and commercialization.
Introducing a structured, cumulative business model that defines a progression toward broader modification rights for LTSCT as the partnership advances.
Sandeep Kumar, Chief Executive of LTSCT, stated that the agreement establishes a foundation for a strategic, long-term partnership focused on innovation, operational efficiency, and disciplined execution. He noted that the combination of a clear legal framework and a forward-looking business model allows faster collaboration, more predictable IP deployment, and better alignment between technology development and commercial outcomes. Kumar indicated that this structure positions both companies to deliver differentiated solutions, strengthen customer value propositions, and compete in a complex semiconductor market.
Frankwell Jyh-Ming Lin, CEO of Andes Technology, said the company is pleased to reach the agreement with LTSCT, which provides a clear and scalable framework for long-term collaboration. He added that aligning Andes’ IP assets with LTSCT’s product and market strategy enables faster execution, greater flexibility, and expanded commercial opportunities, delivering increased value across the semiconductor ecosystem.
The agreement is expected to deliver benefits across the semiconductor ecosystem and to end customers. It aims to accelerate LTSCT’s ability to develop, customize, and commercialize advanced semiconductor devices using cutting-edge IP, with the goals of driving innovation, shortening time-to-market, and potentially reducing overall development and production costs.
