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Digitalization and automation have together led to the transformation of businesses across the globe. This has created a demand for devices and products that perform powerful computation processes with efficiency and accuracy and, at the same time, can communicate with one another. The demand for multicore technology across various sectors has further enhanced the growth of the semiconductor industry. This growth has paved the way for the demand for semiconductor IPs in various verticals and applications. Several advancements in the fabrication technology and design process of semiconductor chipsets have led to the evolution of the semiconductor design IP to support applications ranging from data centers and Advanced Driver Assistance System (ADAS) in automobiles to application processor in smartphones and service robots.