A FIRM SET UP TO BUILD SERVERS based on ARM chips has closed, blaming the weight of being a pioneer and fluttering financials for its faltering.
Calxeda, just ran out of cash and has no alternative but to close its doors, count its losses and consider its future.
A report on AllThingsD said initially that a number of sources are claiming that the firm has burnt through $90m, and is now giving the (ho ho) heave-ho to around 125 people around a week before Christmas. The firm also confirmed that to us.
Karl Freund, Calxeda's VP of marketing, confirmed the moves in a statement to The INQUIRER. He explained that it has been a good journey, but one that has come to an end.
"Over the last few years, Calxeda has been a driving force in the industry for low-power server processors and fabric-based computing. The concept of a fabric of ARM-based servers challenging the industry giants was not on anyone's radar screen when we started this journey. Now it is a foregone conclusion that the industry will be transformed forever," he said in a statement co-authored by Barry Evans, CEO and co-founder of Calxeda.
"Now it's time to tackle the next challenge. Carrying the load of industry pioneer has exceeded our ability to continue to operate as we had envisioned. Calxeda is proud of what we have accomplished, the partners who have collaborated with us, the investors who supported us, and the visionary customers who have encouraged us and inspired us along the way."
The firm was expected to go into production next year, it hopes that other firms pick up its mantel. µ
Next-gen devices enabled by integrating novel materials on silicon
Plus there's a new way to read comics in town
Find out which six games have most impressed us so far this year
Video shows off upcoming handset in Rose Gold compared to iPhone 6S predecessor