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Tundra ends product acquisition, license deal with IBM

Posted: 05 Jun 2008 ?? ?Print Version ?Bookmark and Share

Keywords:processor core? product acquisition? license agreement?

Tundra Semiconductor Corp. has discontinued its product acquisition agreement, announced in August 2007, with IBM Global Engineering Solutions effective June 1.

The acquired product was to be based on an IBM Power Architecture 90nm processor core. IBM recently notified Tundra that the performance of the core is lower than previously stated. Since the IBM core cannot meet the stated performance, the product is now unsuitable for Tundra's intended target applications and market.

In November 2007, Tundra also signed a license agreement with IBM to bring new 65nm Power Architecture solutions to market as part of Tundra's smart System Interconnect (sSI) strategy and roadmap. As a result of the decision to terminate the product acquisition agreement, and based on Tundra's review of the current IBM performance data for the 65nm core, Tundra has also made the decision to terminate that license agreement.

Tundra intends to pursue actively alternative means of executing against its sSI strategy to bring intelligent System Interconnect solutions to broader global markets.

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