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IP-What it is and how to value , protect and exploit it

The continuing advance of semiconductor technology means that systems containing many millions of transistors can now be realised on single chips, often containing microprocessor cores. This System Level Integration (SLI) is changing the nature of the supply and demand for Intellectual Property (IP) in the electronics domain so much so that many commentators are now referring to IP as "the currency of the electronics industry in the new millennium". This paper sets out some issues associated with the recognition of IP and its valuation, together with some recommendations on appropriate protection of IP and different approaches to the exploitation of IP for maximum financial benefit, including the special problems faced by small and medium