MUMBAI, India, Jan 12, 2026 – L&T Semiconductor Technologies (LTSCT) signed an IP license master agreement with Andes Technology. The agreement establishes a framework that enables intellectual property (IP) collaboration to accelerate development and commercialization of customized RISC-V semiconductor solutions for global markets.
The agreement defines the scope of intellectual property licensing, expands modification rights through a cumulative financial structure, and sets standard terms for confidentiality and technical support. Together, these provisions support clarity and flexibility as the companies scale their development efforts.
The IP license master agreement has three objectives. First, it sets a legal framework for current and future licensing transactions. Second, it grants LTSCT rights to incorporate Andes’ RISC-V technology in its products. Third, it introduces a business model that defines a path toward modification rights over time.
Commenting on the master agreement Mr. Sandeep Kumar, chief executive, LTSCT, said, “This agreement lays the foundation for a strategic, long-term partnership anchored in shared priorities around innovation, operational efficiency, and disciplined execution. By pairing a clear, scalable legal framework with a forward-looking business model, we enable faster collaboration, more predictable IP deployment, and improved alignment between technology development and commercial outcomes. This structure positions both LTSCT and Andes to deliver differentiated solutions, strengthen customer value propositions, and compete more effectively in an increasingly complex semiconductor market.”
Frankwell Jyh-Ming Lin, CEO, Andes Technology, added: “We are pleased to have reached an agreement with LTSCT, which establishes a clear and scalable framework for long-term collaboration. By aligning our IP assets with LTSCT’s product and market strategy, the agreement enables faster execution, greater flexibility, and expanded commercial opportunities, ultimately delivering increased value across the semiconductor ecosystem”.
Source: Andes Technology
About L&T Semiconductor Technologies (LTSCT)
L&T Semiconductor Technologies (LTSCT) designs and develops semiconductor products for automotive, industrial, energy, and mobility applications. The company focuses on analog integrated circuits, compute platforms, power management devices, communication solutions, and sensors. Its products support power control, data processing, and connectivity across embedded and electronic systems. LTSCT was founded in 2023 and operates as a fabless semiconductor company within the Larsen & Toubro group. The company is headquartered in Mumbai, India. LTSCT provides semiconductor design services spanning architecture, verification, physical design, firmware integration, and system-level support. It works with customers developing energy-efficient and high-performance electronic products across regulated and commercial markets. The company supports product development from concept through deployment and system integration.
About Andes Technology
Andes Technology is a supplier of high-performance, low-power 32- and 64-bit RISC-V CPU cores and related solutions for embedded systems. Founded in 2005, the company develops configurable processor IP cores used in applications such as AI, 5G communications, Internet of Things (IoT), storage, automotive electronics, and industrial control. Its portfolio includes RISC-V-based CPU cores, development tools, and software designed for energy-efficient, performance-optimized processors. Andes serves industries including consumer electronics, automotive, telecommunications, and industrial automation. Headquartered in Hsinchu Science Park, Taiwan, the company operates globally with a growing presence in Asia, North America, and Europe. Its customer base spans multiple regions, with Taiwan and the United States as key markets. The company continues to invest in R&D to advance processor technologies.