Quadric and MegaChips Corporation announced a strategic partnership to deliver ASIC and SoC solutions built on Quadric's edge AI processor architecture. MegaChips' and Quadric's collaboration addresses a growing industry trend in which cloud-based AI, ML and inference are migrating to the network edge. This migration requires powerful on-device AI processing capabilities to handle the massive amounts of data generated by billions of IoT devices and edge-based applications.

Target applications for MegaChips' ASICs and SoCs based on Quadric's IP include autonomous driving (ADAS/LiDAR), industrial robotics, factory automation, automated guided vehicles (AGV) and advanced medical equipment.