Electronics Weekly
An inducement is €119 million in grants and equity funding from various bodies of the EU and national authorities most of which is still to be received.
Codasip reckons the follow-on phases of the grants will total a further €210 million.
Codasip is also part of consortia and projects that could bring in an additional €51 million or more in future financing, it says.
All these funds are transferable to a buyer under ‘reasonable terms’, says Codasip.
Annual revenues are thought to be around $89 million.
The company has a staff of approximately 250, of which 57% are hardware engineers and 30% are software engineers.
Codasip says the sale process is to be ‘accelerated’ and aims to complete within three months from July 1st.
It’s a long-haul establishing a new processor architecture, Arm, founded in 1990, has only made serious incursions into computing in the last decade and, where a market has a dominant incumbent – like x86 in PC or Arm in mobile – it is virtually impossible to replace them.
