Benchmark is upgrading CEVA, a designer of processor cores for chips used in consumer...

|By:, SA News Editor
Benchmark is upgrading CEVA, a designer of processor cores for chips used in consumer electronics, to Buy. The firm believes the recent selloff in CEVA is excessive, and that the market has already discounted the loss of iPhone-related royalties, as AAPL abandons the baseband chips of CEVA licensee INTC for those of QCOM.