Unless you are very explicit, yes, derivative works aren't covered by normal IP licensing and case law was established very long ago testing interpretations. I don't have Lexis unfortunately to pull the dockets, but towards the end of this year I will, and I am going to try and provide as much summary research as possible via a blog - because silicon IP is entering our lives in a big way soon as architectural complexity demands standard latency mitigating by implementing software in silicon (Oracle is claiming that expression as a common law trademark since a couple of SPARC generations, so even our normal terms of ref are going to be fraught.)

Another reason silicon IP could become commonplace is chip shortage. It's not so far fetched to imagine a simplified computer without specialized coprocessors but with a single reconfigurable gate array allocated to the problem at hand.