Arteris IP announced that Claudia Fan Munce will join Arteris IP's Board of Directors and will commence her service at the company's May 2022 board and committee meetings. Claudia Fan Munce's distinguished 30-year career at IBM culminated with her role as Vice President of Corporate Development. Throughout her tenure at IBM, she held various positions, including executive roles in engineering, IP licensing, and IBM Ventures.

Christian Claussen has informed the Board of Directors that he will not stand for re-election to the Board at the Company's upcoming annual meeting of shareholders, which is currently scheduled for June 14, 2022.