M31 Technology Corporation

What M31 Technology Corporation does

M31 Technology Corporation (円星科技), founded in 2011 and headquartered in Zhubei City, Hsinchu County, Taiwan, is a publicly listed (Taiwan Stock Exchange ticker 6643-TW) silicon intellectual property provider operating as an 'IP boutique' for the global semiconductor industry. The company develops two product lines: Foundation IP — Standard Cell Libraries, Memory Compilers (SRAM/ROM), specialty I/O, and Analog IP (Digital/Analog PLL, ADC/Temp Sensor) — and Interface IP covering USB (USB4 Gen3x2, USB 3.2, USB 2.0, eUSB2), PCIe (5.0/4.0/3.1/2.1), MIPI (C-PHY/D-PHY/M-PHY), SerDes, LPDDR4/4X, ONFi, DisplayPort, and UFS/UniPro controllers, plus IP Integration Services that bundle PHY and Controller into turnkey SoC blocks. Process node coverage spans 2nm to 180nm across 15 foundry partners (including TSMC, Intel Foundry Services, and Tower Semiconductor), with automotive IP fully certified to ISO 26262 ASIL-B and ASIL-D Ready by SGS-TÜV.

The company monetizes through one-time IP licensing fees tied to design adoption (NRE/license revenue) combined with per-unit royalty streams once customer chips reach mass production, supported by multi-year contracts. Revenue is geographically balanced across Taiwan, China, and North America, with additional served markets in Korea, Japan, Europe, and India via a Bangalore R&D center opened in October 2023. FY2025 revenue reached a record NT$1.78 billion (~US$55M) with 20.3% YoY growth; foundry licensing authorizations grew over 200% YoY and sub-16nm licensing over 250% YoY. The customer base exceeds 210 IC design companies (as of 2021), spanning AI/HPC, automotive electronics, SSD storage, IoT, 5G mobile, and HPC/data center segments, with named adopters including InnoGrit (PCIe 5.0 SSD), ASPEED (360-degree imaging SoC), first-tier US AI/storage manufacturers (5nm/3nm ONFi), and EU/US Tier-1 automotive electronics companies.

Operationally, M31 leverages direct enterprise field sales to foundries and fabless design houses, participates in TSMC OIP, CadenceLIVE, ICCAD, DAC, and Intel Foundry events, and holds nine consecutive TSMC Specialty IP Partner Awards (2016–2025), Forbes Asia 'Best Under a Billion' recognition (2023, 2024), MSCI ESG 'A' rating (2024), and Taipei Exchange Corporate Governance Top 5% awards. Q1 2026 revenue was NT$395M (–9.2% YoY) on timing-driven contract-signing fluctuations, with management guiding to double-digit YoY growth for full-year 2026 and operating margin recovery to double digits as advanced-node EDA long-term contracts finalize.

Name

M31 Technology Corporation

Legal name

M31 Technology Corporation

Website

https://m31tech.com

Company type

Public

Founded year

2011

Operating status

Operating

Short description

M31 Technology Corporation (Taiwan, ticker 6643-TW) is a silicon IP boutique providing Foundation IP (Standard Cell, Memory, I/O, Analog) and Interface IP (USB, PCIe, MIPI, SerDes, DDR, ONFi, DisplayPort) across 2nm to 180nm for foundries and over 210 IC design companies in AI, automotive, storage, HPC, and 5G.

Ownership category

akta.pro rank

Product category

Semiconductor Silicon IP

NAICS

Semiconductor and Related Device Manufacturing (334413)

SIC

Semiconductors & Related Devices (3674)

akta.pro primary industry

Hardware/Chip Design IP Cores (Processor, Interface, Analog, Security) (HDAHAFAF)

akta.pro secondary industries

Design Services & ASIC/SoC Implementation (EDA-Adjacent) (HDAHAFAL), IP Enablement, Characterization & Porting Services (HDAHAFAI)

Keywords

• Semiconductor IP
• Silicon design IP
• Foundation IP
• Interface IP
• PHY IP licensing

Headquarters

HQ city

Hsinchu

HQ country

Taiwan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. IP Licensing (NRE/License): One-time licensing fees charged for the right to use M31's silicon IP in customer chip designs. Licensing revenue is generated when customers adopt M31 IP for their semiconductor products, with significant growth driven by advanced node adoption (16nm and below).
2. Royalty Revenue: Ongoing royalty payments as customers' products using M31 IP enter mass production and commercial shipment. Royalties are accelerating as sub-16nm advanced nodes gradually enter commercialization, contributing to medium- to long-term revenue growth.
3. Foundry Customer Revenue: Revenue from new licensing projects with wafer foundries. In 2025, new license authorization from foundry customers grew over 200% YoY, with advanced process (below 16nm) licensing growing over 250%.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

M31 Technology Corporation develops and licenses silicon intellectual property (IP) for semiconductor chip design, organized into Foundation IP (Standard Cell Libraries, Memory Compilers, I/O libraries, and Analog IP) and Interface IP (USB, PCIe, MIPI, SerDes, LPDDR, ONFI, DisplayPort, and UFS/UniPro Controllers). The company also provides IP Integration Services that bundle PHY and Controller components into validated subsystems for SoC developers. Licenses are sold directly to wafer foundries and fabless IC design companies across process nodes from 180nm to 2nm, with additional royalties tied to customer mass production.

Product overview

M31 Technology Corporation is a silicon IP boutique offering comprehensive semiconductor IP solutions across three main categories: Foundation IP, Interface IP, and IP Integration Services. The Foundation IP portfolio includes Standard Cell Libraries (with Base, PMK, LPKT, HPKT variants), Memory Compilers (SRAM/ROM), General-Purpose I/O, High ESD I/O, SDIO & eMMC I/O, and Analog IP (Digital-PLL, Analog-PLL, ADC/Temp. Sensor). The Interface IP portfolio encompasses high-speed connectivity solutions including USB (USB4 Gen3x2, USB 3.2 Gen2/Gen1, USB 2.0/1.1, eUSB2, USB_BCK), PCIe (5.0, 4.0, 3.1/2.1), MIPI (C-PHY/D-PHY Combo, D-PHY RX/TX, M-PHY), SerDes (10G/5G), LPDDR4/4X, ONFI (I/O and PHY), DisplayPort (TX and RX), and UFS/UniPro Controllers. The IP Integration Services combine PHY and Controller components into bundled solutions (USB PHY and Controller, MIPI C/D PHY and Controller, PCIe PHY and Controller). Process nodes span from 2nm to 180nm across foundry partners including TSMC, Intel Foundry Services, and Tower Semiconductor. The company also holds ISO 26262 automotive safety certifications for its IP products.

Differentiator

Problem solved

Functional benefit

Products and services

• Standard Cell Library Standard Cell Library IP suite optimized for performance, power, and area (PPA) across 3nm to 180nm process nodes, with variants including Base, PMK, LPKT, HPKT, and ECO for demanding SoC applications.
• Memory Compiler Memory Compilers for SRAM and ROM designed to highest industry standards, optimizing high density, low power, and high performance for automotive and high-reliability applications.
• General-Purpose I/O General-purpose I/O library providing standard chip interface cells for SoC designs.
• High ESD I/O I/O library with enhanced electrostatic discharge (ESD) protection for chips operating in demanding environments.
• SDIO & eMMC I/O Specialty I/O library for SDIO and eMMC storage interface applications.
• Digital-PLL Digital PLL IP with core-power-only design, programmable integer and fractional-N modes for low jitter phase-locked loop frequency synthesis.
• Analog-PLL Analog phase-locked loop IP for frequency synthesis applications in chip designs.
• ADC / Temperature Sensor Analog-to-digital converter and temperature sensor IP for signal processing and thermal monitoring in SoCs.
• USB4 Gen3x2 PHY USB4 transceiver IP providing complete range of USB4 host and peripheral applications up to 40Gbps with full type-C connector support, compliant with USB4 V1 and backward compatible with USB3.2 and USB2.0.
• USB 3.2 Gen2/Gen1 PHY USB 3.2 physical layer IP supporting Gen2 (10Gbps) and Gen1 (5Gbps) data rates for host and device applications.
• USB 2.0/1.1 PHY USB 2.0 and USB 1.1 physical layer IP for legacy and backward compatibility applications.
• eUSB2 PHY Embedded USB 2.0 physical layer IP optimized for advanced process nodes, including eUSB2V2 implementation on TSMC N2P (2nm) with 4.8 Gbps data rate.
• PCIe 5.0 PHY PCI Express 5.0 physical layer IP providing high-performance, multi-lane capability and low-power architecture up to 32Gbps, with PCI-SIG certification and 12nm silicon validation.
• PCIe 4.0 PHY PCI Express 4.0 physical layer IP for high-speed data transfer applications in server, storage, and networking SoCs.
• PCIe 3.1/2.1 PHY PCI Express 3.1 and 2.1 physical layer IP for backward-compatible high-speed interface applications.
• MIPI C-PHY/D-PHY Combo Combined MIPI C-PHY and D-PHY physical layer IP, a serial interface technology widely adopted in smartphones, high-end sensors, and multimedia-enabled embedded devices.
• MIPI D-PHY RX/TX v1.2/v1.1 MIPI D-PHY receiver and transmitter IP supporting v1.2 and v1.1 specifications for image sensor and display interfaces.
• MIPI M-PHY v5.0/v4.1/v3.1 MIPI M-PHY physical layer IP supporting v5.0, v4.1, and v3.1 specifications for high-speed mobile and automotive applications.
• SerDes 10G/5G Serializer/Deserializer IP supporting 10Gbps and 5Gbps data rates for high-bandwidth chip-to-chip and backplane communication.
• LPDDR4/4X LPDDR4 multi-PHY supporting both LPDDR4 and LPDDR4X memory interfaces at speeds up to 4267Mbps for HPC and mobile applications.
• ONFI I/O and PHY ONFI (Open NAND Flash Interface) I/O and physical layer IP for NAND flash memory connectivity, including ONFi5.1 silicon-validated IP for AI and storage SoCs.
• DisplayPort TX/RX DisplayPort transmitter and receiver IP with multi-lane capability and low-power architecture for display interface applications.
• UFS Host Controller 4.1 Universal Flash Storage host controller IP supporting UFS 4.1 specification for high-performance mobile and embedded storage applications.
• UFS Host Controller 3.0 Universal Flash Storage host controller IP supporting UFS 3.0 specification for mobile and embedded storage applications.
• UniPro Controller 2.0 UniPro protocol controller IP supporting 2.0 specification for host and device applications in UFS and MIPI ecosystems.
• USB PHY and Controller Integration Service Integrated USB physical layer and controller solution combining PHY and Controller IP into a pre-validated subsystem for streamlined SoC data transfer design.
• MIPI C/D PHY and Controller Integration Service Integrated MIPI C-PHY/D-PHY physical layer and controller solution combining PHY and Controller into a pre-validated subsystem for streamlined SoC design.
• PCIe PHY and Controller Integration Service Integrated PCIe physical layer and controller solution combining PHY and Controller into a pre-validated subsystem for optimized SoC connectivity.

Quantifiable outcome

• 2025 revenue reached record NT$17.8 billion with 20.3% YoY growth
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Seven partnerships are on record, tiered minor, flagship and core.

• 2026 TALENT, in Taiwan – Talent Sustainability Action AllianceminorOthers · 18 June 2026M31 joined the '2026 TALENT, in Taiwan – Talent Sustainability Action Alliance' to strengthen its talent sustainability strategy through structured initiatives focusing on purpose & impact, diversity & inclusion, rewards & recognition, well-being, learning & growth, and communication & experience.
• TSMC (Taiwan Semiconductor Manufacturing Company)flagshipStrategic or Co-development Partner · 23 April 2026Deep collaboration with TSMC on advanced-node IP development. M31 is a long-term member of TSMC IP Alliance since 2012, developing TSMC9000-compliant IP solutions across multiple process nodes. Achieved tapeout of eUSB2V2 on TSMC N2P process (2nm) in 2026. M31 has received TSMC Specialty IP Partner Award for 9 consecutive years (2016-2025). Collaboration includes alignment with platform design methodologies, circuit and layout tuning for process conditions, and reference flows.
• Tower SemiconductorcoreStrategic or Co-development Partner · 3 August 2024M31 cooperates with Tower Semiconductor to develop advanced SRAM and ROM solutions for its 65nm Power Management Platform. This partnership expands M31's specialty process IP offerings beyond TSMC to include Tower's specialty processes.
• InnoGritcoreTechnology or Integration · 20 February 2024Partnership for PCIe 5.0 PHY IP adoption in next-generation SSD storage chips. InnoGrit, a globally renowned SSD storage chipmaker, adopted M31's PCI-SIG certified PCIe 5.0 PHY IP. Successfully mass produced PCIe 5.0 SSD storage chips. Extended partnership from previous collaboration on PCIe 4.0/3.0 IP for AI storage chips.
• Intel IFS Accelerator IP AlliancecoreStrategic or Co-development Partner · 17 July 2023M31 partners with Intel IFS Accelerator IP Alliance to present latest IP development achievements. This partnership integrates M31's IP into Intel Foundry's ecosystem, enabling mutual customers to access M31's interface and foundation IP through Intel's platform.
• Intel Foundry ServicescoreStrategic or Co-development Partner · 9 February 2022M31 Technology Corporation collaborates with Intel Foundry Services to enhance leading-edge IP solutions for SoC designs. Partnership aims to expand M31's IP offerings on Intel Foundry processes and support customers using Intel's foundry services.
• InnoGritcoreTechnology or Integration · 4 September 2019InnoGrit adopted M31's optimization solutions of PCIe 4.0/3.0 and ONFi 4.1 I/O IP cores for Artificial Intelligence Storage chips. This partnership demonstrated M31's capabilities in high-speed interface IP for AI applications.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• ARM: ARM is the dominant processor IP licensor and offers complementary foundation and interconnect IP; its processor ecosystem overlaps with M31's customer engagements (e.g., processor core hardening services) and is a co-attached vendor on many of the same SoCs.
• Cadence Design Systems: Cadence is a full EDA platform with a significant embedded IP portfolio (including recently acquired Alphawave SerDes IP) that overlaps with M31's interface IP and is integrated into the same SoC design flows used by M31's customers.

Direct peers

• VeriSilicon: VeriSilicon operates a fabless semiconductor IP licensing model very similar to M31, offering processor, interface, foundation and analog IP to global fabless and foundry customers — a close scale and business-model comparable.
• eMemory Technology: eMemory is a fellow Taiwan-listed IP provider focused on embedded non-volatile memory (NeoBit/NeoFlash) IP; it competes with M31 in the foundation IP layer on similar foundry process nodes and shares the same Taiwan fabless customer base.
• Alphawave IP: Alphawave (acquired by Cadence in 2023) specialized in high-speed SerDes, PCIe and UCIe IP for advanced nodes — directly comparable to M31's high-speed Interface IP business at sub-7nm process nodes, serving similar AI/networking customers.
• Arteris: Arteris provides network-on-chip (NoC) interconnect IP used in advanced SoCs — a complementary IP category to M31's interface/foundation IP, targeting the same advanced-node SoC designers with a similar licensing model.
• Imagination Technologies: Imagination licenses GPU, NPU and connectivity IP to global semiconductor companies using a royalty-plus-license model — directly comparable in go-to-market, with overlapping customer segments in mobile, automotive and edge AI.
• Rambus: Rambus provides high-speed interface IP (PCIe, CXL, DDR, HBM, SerDes) that directly competes with M31's Interface IP portfolio in data center, storage and HPC end-markets, with a similar licensing + royalty model.
• Synopsys: Synopsys' DesignWare portfolio competes head-on with M31 in interface IP (USB, PCIe, MIPI, DDR) and foundation IP, targeting the same fabless and foundry customer base with overlapping high-speed connectivity and memory compiler offerings.

Emerging players

• Chipus Microelectronics: Chipus is a smaller, fabless analog and mixed-signal IP provider (audio DAC/ADC, PMU, power management) — a comparable boutique IP model with adjacent analog IP offerings to M31's PLL and ADC/Temperature Sensor IP, though at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/m31-technology

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about M31 Technology Corporation