Chip design firm Stream Processors shutting down and selling assets
VentureBeat Nov 07 09
Stream Processors, a chip design firm focused on video processing, is shutting its doors and is engaged in an asset sale, VentureBeat has learned.
Jack Horng, an officer for the company, said that Stream Processors will be formally shut in a month or so. The former chief executive, Chip Stearns, is forming a new company to acquire all of the assets from Stream Processors. The new company is expected to continue to supply its current generation Storm-1 processors but it isn’t clear what will happen with the Storm-2 second-generation chips.
The closure is a blow to one of the biggest advocates of parallel processing, which uses many different processing cores, or brains, on a single chip. Full story...
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