What is the new guidance for CEVA's revenues for 2022-Q1 
ll open up a lot of new use cases. Some of them I mentioned in the call, RedCap, which will displace the narrowband IoT usage model. And there is a side link, which is basically think about putting these kinds of cellular block for every smartphone and wearable device so you can communicate with a vehicle and get additional safety.
So these are -- in the 5G, we see a lot of customers are interested. Wi-Fi, we see it in China, all over the place for smart home, access point, and also industrial. And UWB is upcoming standard that you'll see be key for automotive. And people even talk about audio over UWB as the de facto standard for Metrogas.
So in terms of interest and potential wireless all over the place, and I said in the prepared remarks, we are in a position that is dominant in this wireless IP space as Arm is the CPU IP. We are the go-to guy when people want to do because the comprehensiveness and the proven success stories that we have. The other area that I mentioned is Edge AI, we believe that going forward, every SoC will have an Edge AI processor in different form factors. And we built this new product and the new product that we announced baking for years, in light of something more generic than the previous generation Edge AI, which was more camera related.
And that's what we see now people are coming to us with the requirement to do. And the challenge with Edge AI, and we are addressing it not just in the hardware but the software as well is to make it simple for people to develop these applications. And that's make a strong -- the way we look holistically on these problems and not just the technology itself.
Operator
The next question comes from Chris Reimer with Barclays.
Chris Reimer -- Barclays -- Analyst
Congratulations on good quarter. You mentioned some of the problems with China and the COVID restrictions. Can you give a little more color on how that is impacting the business in terms of getting things out or you mentioned shipping? And then just on a follow-up, the guidance for revenues, I believe that's an increase. Can you give sort of some of the maybe the things going into that, that may be more confident about raising the guidance?
Yaniv Arieli -- Chief Financial Officer
Sure. Let me try to help out, Chris. So on our -- first, on the guidance perspective, we took it up, you're right. from the beginning of the year and obviously, much higher than last year.
Last year, we closed the '21 at $122.9 million the new guidance is $142 million to $146 million, so a notch higher than what we had in mind at the beginning of the year due to a strong start for Q1. China, I think what Gideon talked about earlier, I would look at it from two perspectives. From a licensing perspective, we have all been doing business with COVID alongside for the last two years, two-plus years. So on the licensing front of licensing new technologies, nothing has changed in China, nor in the rest of the world.
The companies in the technology sector, are continuing to license new technologies, over Zoom and teams and on the virtual capabilities without less travel from country to country, but when there are no lockdowns, of course, there are internal teams or local teams that needs -- each country does go from a customer to customer and to face-to-face meeting. So you saw that in the licensing, record licensing in the quarter, a lot of deals in China, five deals out of the 14 are China, business as usual. Unfortunately, they are under lockdown. So part of that design work is done from home and remote but not from their own offices and facilities.
That's one side of China that really hasn't changed. In the contrary, there's still good demand, and we saw that in licensing, both last year and this year and the numbers continue to be quite strong there, same as the interest. So now we're moving to the royalty front. And on the royalty front, we also came up with a better quarter compared to last year.
China is a big factor in our revenues and our customers. But we have seen that in specific markets like the base station market, our c
ll open up a lot of new use cases. Some of them I mentioned in the call, RedCap, which will displace the narrowband IoT usage model. And there is a side link, which is basically think about putting these kinds of cellular block for every smartphone and wearable device so you can communicate with a vehicle and get additional safety.
So these are -- in the 5G, we see a lot of customers are interested. Wi-Fi, we see it in China, all over the place for smart home, access point, and also industrial. And UWB is upcoming standard that you'll see be key for automotive. And people even talk about audio over UWB as the de facto standard for Metrogas.
So in terms of interest and potential wireless all over the place, and I said in the prepared remarks, we are in a position that is dominant in this wireless IP space as Arm is the CPU IP. We are the go-to guy when people want to do because the comprehensiveness and the proven success stories that we have. The other area that I mentioned is Edge AI, we believe that going forward, every SoC will have an Edge AI processor in different form factors. And we built this new product and the new product that we announced baking for years, in light of something more generic than the previous generation Edge AI, which was more camera related.
And that's what we see now people are coming to us with the requirement to do. And the challenge with Edge AI, and we are addressing it not just in the hardware but the software as well is to make it simple for people to develop these applications. And that's make a strong -- the way we look holistically on these problems and not just the technology itself.
Operator
The next question comes from Chris Reimer with Barclays.
Chris Reimer -- Barclays -- Analyst
Congratulations on good quarter. You mentioned some of the problems with China and the COVID restrictions. Can you give a little more color on how that is impacting the business in terms of getting things out or you mentioned shipping? And then just on a follow-up, the guidance for revenues, I believe that's an increase. Can you give sort of some of the maybe the things going into that, that may be more confident about raising the guidance?
Yaniv Arieli -- Chief Financial Officer
 Sure. Let me try to help out, Chris. So on our -- first, on the guidance perspective, we took it up, you're right. from the beginning of the year and obviously, much higher than last year.
Last year, we closed the '21 at $122.9 million the new guidance is $142 million to $146 million, so a notch higher than what we had in mind at the beginning of the year due to a strong start for Q1. China, I think what Gideon talked about earlier, I would look at it from two perspectives. From a licensing perspective, we have all been doing business with COVID alongside for the last two years, two-plus years. So on the licensing front of licensing new technologies, nothing has changed in China, nor in the rest of the world.
The companies in the technology sector, are continuing to license new technologies, over Zoom and teams and on the virtual capabilities without less travel from country to country, but when there are no lockdowns, of course, there are internal teams or local teams that needs -- each country does go from a customer to customer and to face-to-face meeting. So you saw that in the licensing, record licensing in the quarter, a lot of deals in China, five deals out of the 14 are China, business as usual. Unfortunately, they are under lockdown. So part of that design work is done from home and remote but not from their own offices and facilities.
That's one side of China that really hasn't changed. In the contrary, there's still good demand, and we saw that in licensing, both last year and this year and the numbers continue to be quite strong there, same as the interest. So now we're moving to the royalty front. And on the royalty front, we also came up with a better quarter compared to last year.
China is a big factor in our revenues and our customers. But we have seen that in specific markets like the base station market, our c