L&T Semiconductor Technologies (LTSCT), a wholly owned subsidiary of Larsen & Toubro (L&T), has announced an IP License Master Agreement with Andes Technology, a leading provider of RISC-V Processor IPs. The agreement establishes a scalable framework for long-term intellectual property (IP) collaboration and innovation, enabling LTSCT to accelerate the development and commercialization of RISC-V-based advanced, customized semiconductor solutions for global markets.
Under the terms of the agreement, key areas of alignment include the scope of intellectual property licensing, a cumulative financial structure that supports expanded modification rights, and standard legal provisions addressing confidentiality and technical support. Together, these elements are designed to provide clarity, flexibility, and scalability as both companies pursue long-term growth and innovation together.
The IP License Master Agreement is designed with three primary objectives. First, it establishes a comprehensive legal framework to govern both current and future licensing transactions between the parties. Second, it grants LTSCT the rights required to incorporate Andes’ RISC-V technology into LTSCT’s products, thereby accelerating development and commercialization efforts. Third, the agreement introduces a structured, cumulative business model that outlines a clear progression toward broader modification rights for LTSCT as the partnership evolves.
Commenting on the Master Agreement, 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”.
The Agreement is expected to deliver meaningful benefits across the semiconductor ecosystem and for end customers. By accelerating LTSCT’s ability to develop, customize, and commercialize advanced semiconductor devices using cutting-edge IP, the collaboration aims to drive innovation, shorten time-to-market, and potentially reduce overall development and production costs.
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