Central regions | Finance, business | Technology & innovation

Russian capital buys into Russian microchips

7 Nov '19
X-Holding, a Russian IT security company, used its asset, Yadro, to acquire 51% of Syntacore, a domestic developer of next gen microprocessors and microcontrollers based on RISC-V open-source architecture, Firrma.ru reported.

Syntacore is developing chips that have the potential to challenge the solutions currently used widely in computers and mobile devices, the developer believes. The team thinks that RISC-V could come as a competitive alternative to such global standards as Intels x86, used in chips for laptops and some servers, and ARM, Ltd.s ARM that powers smartphones and lots of other consumer electronic gadgets.

Syntacore has a strong foothold on the fast-growing global market for processor IP and specialized semiconductor solutions. This market topped $25bn in 2018 and is likely to reach $100bn in 2025, Artyom Ikoev, Yadros Technology Director, was quoted as saying.

Set up just a year ago, X-Holding has already bought into 25 companies, with a special focus on IT security.
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