Russian Chipmaker Baikal Goes Bankrupt, Assets Valued at Only $5 Million
Russian Chipmaker Baikal Goes Bankrupt, Assets Valued at Only $5 Million
Baikal's assets set to be auctioned off.
The tech is apparently so outdated that it's next to worthless. What's the $5m for? Funeral arrangements?
Office equipment. Maybe some nice PCs and servers.
Holy shit. I’m dying over here 🤣
The current owners of Baikal Electronics have no plans to reclaim the patents or developments. This is perhaps because Baikal used to develop CPUs and SoCs that were subsequently produced by TSMC, and the latter can no longer work with Russian companies due to export curbs imposed by the Taiwanese government following Russia's full-scale invasion of Ukraine in late February 2022.
The future of Baikal Electronics remains uncertain. The company has not announced new processors for several years, and production was halted in February 2022 due to sanctions.
Oi, Putin, what was this about sanctions having no effect on the Russian economy?
This is the best summary I could come up with:
T-Platforms, the parent company of Russian chipmaker Baikal Electronics, has declared bankruptcy and is auctioning off its assets, including intellectual property related to Baikal processors, one of a few designers of CPUs and system-on-chips from Russia, reports CNews.
T-Platforms, a Russian company with ambitions to build exascale supercomputers and develop domestic CPUs, was officially declared bankrupt in October 2022.
T-Platform's bankruptcy proceedings have led to the auctioning of various assets, including the intellectual property, patents, and shares of Baikal Electronics.
The IP is related to the development of Baikal processors, which rely on the Arm and MIPS instruction set architectures.
This is perhaps because Baikal used to develop CPUs and SoCs that were subsequently produced by TSMC, and the latter can no longer work with Russian companies due to export curbs imposed by the Taiwanese government following Russia's full-scale invasion of Ukraine in late February 2022.
Despite the outdated technology and market skepticism, the auction is proceeding, and it remains to be seen who will acquire these assets and for what purpose.
The original article contains 334 words, the summary contains 170 words. Saved 49%. I'm a bot and I'm open source!
Oh no!...Anyway.
This seems to have become mandatory to all Russian stuff not related to the war.
Well, China, if you want a few chip-makers, i know a few slightly-used ones that used to belong to an old lady and have only ever been used for shopping trips.
Is OK, comrades. We can still make trusty Z80.
Fuck ‘em.