This white paper will explore the issues facing SoC designers as they address SoC complexity and time-to-market challenges. It will discuss the use of third-party IP while noting that high-quality IP alone is not enough to accelerate time-to-market with today’s SoC complexity. The paper will also discuss issues around driver software development for the IP. Finally, it will review the five major development steps in any SoC design and how third-party IP providers should be expected to help accelerate each of these steps.