IP-XACT is an XML format that defines and describes electronic components and their designs. IP-XACT was created by the SPIRIT Consortium as a standard to enable automated configuration and integration through tools.
The goals of the standard are
to ensure delivery of compatible component descriptions from multiple component vendors,
to enable exchanging complex component libraries between electronic design automation (EDA) tools for SoC design (design environments),
to describe configurable components using metadata, and
to enable the provision of EDA vendor-neutral scripts for component creation and configuration (generators, configurators).
Approved as IEEE 1685-2009 on December 9, 2009, published on February 18, 2010.
Superseded by IEEE 1685-2014. IEEE 1685-2009 was adopted as IEC 62014-4:2015.