SUNNYVALE, Calif., Aug. 20, 2013 /PRNewswire/ -- Arteris, Inc., the inventor and leading supplier of network-on-chip (NoC) interconnect IP solutions, today announced that Inc. magazine ranked the company 462 on its 31 st annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. The semiconductor design IP innovator jumped 34 rungs on the list, reflecting its market leadership in the rapidly growing interconnect IP market. Currently, over 60 percent of the market-leading mobile application processors and LTE modems – and four out of five top Chinese fabless semiconductor OEMS - leverage Arteris technology. For the second year in a row, Arteris joined other notable technology companies including Microsoft, Intuit, Zipcar, Vizio, and Oracle. The list represents the most comprehensive look at this critical segment of the economy—America's independent entrepreneurs.