Central regions | Finance, business | Technology & innovation

Russians out, Intel in: state firms gainfully exit innovative CPU developer

3 Mar '17
RVC, Russias fund of funds for innovation, and Rusnano, the largest Russian government-owned nanotech corporation, have successfully exited Soft Machines, a special architecture chip developer. Its Intel that has bought their shares, portal Firrma.ru reported.

The portal quoted Indian source Inc42 as reporting that Intel had paid $300m in cash and equity. How much the two Russian ex-stockholders have earned has yet to be specified; its only been leaked that both gained considerably in dollar terms.

Rusnano invested a total of $14m in Soft Machines over a two-year period. The RVC investment has yet to be announced.

Soft Machines has raised a total of $220.9m in its rounds of funding from five investors, including Samsung Electronics and AMD.

Soft Machines develops new CPUs built on Virtual Instruction Set Computing (VISC) architecture which is said to boost IPS characteristics per watt of power consumed. The company operates in the U.S., India and Russia, licensing production and teaming up with other companies for the development of VISC-based products for the Internet of Things, mobile communications and cloud computing markets. Soft Machines is headquartered in Santa Clara, California.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Latest News: Central regions
21 Jul '17 | Retail, FMCG | Finance, business
20 Jul '17 | Technology & innovation
19 Jul '17 | Transport, logistics
17 Jul '17 | Finance, business | Technology & innovation
14 Jul '17 | Materials, extraction | Technology & innovation
 

Feature stories

20 Jun '17
In regions most of European Russians will hardly ever...
17 May '17
Russian biologists and biophysicists are said to have...
21 Apr '17
Search (News archive - 21117)
Advertising
RB_Partners_Venture_Report2016
Advertising
Why Russians do not smile
Advertising
Nano & Giga Symposium
Advertising
UNN

Latest News

21 Jul '17
Mitsui & Co, a Japanese financial and industrial...
20 Jul '17
Russian scientists are said to have successfully...
19 Jul '17
Scientists at MISiS, a top Moscow-based technology...

Most read stories from last week

20 Jul '17
Russian scientists are said to have successfully...
21 Jul '17
Mitsui & Co, a Japanese financial and industrial...
19 Jul '17
Scientists at MISiS, a top Moscow-based technology...