Inter-process signaling system and method

An inter-process signaling system and method support implementation of semaphores or messaging signals between masters in a multi-master system, or between tasks in a single master system. A semaphore flag register contains one or more bits indicating whether resources are free or busy. The register is aliased to allow atomic read-and-clear of individual bits in the register. Masters poll the status of a resource until the resource reads as free. Alternatively, interrupts or events per master can be implemented to indicate availability of a resource.