News Russian Chipmaker Baikal Goes Bankrupt, Assets Valued at Only $5 Million

[Admin]

No more CPUs and SoCs from Russian chipmaker Baikal as the company goes bankrupt.

Russian Chipmaker Baikal Goes Bankrupt, Assets Valued at Only $5 Million : Read more

 

[gg83]

Who would have guessed?

 

[artk2219]

No more CPUs and SoCs from Russian chipmaker Baikal as the company goes bankrupt.

Russian Chipmaker Baikal Goes Bankrupt, Assets Valued at Only $5 Million : Read more

I can't say it's a surprise, I also can't say I'm happy to see another player leave the field even if they weren't a huge player, but repercussions for the actions of others are what they are sometimes. Especially when said actions have been particularly heinous.

 

[setx]

Another ARM clone died? Nothing of value was lost.
MIPS, regrettably, is also killed by owner company.

 

[peachpuff]

 

[greenreaper]

I wonder who valued it at that, and who might benefit from a low valuation.

 

[gg83]

I wonder who valued it at that, and who might benefit from a low valuation.

China will buy it I bet.

 

[ltrttl]

You probably should double check information you post. T-Platfroms had only 1% of Baikal shares, which set to be auctioned off. By the way, Baikal CEO is glad that everyone thinks that Baikal has gone bankrupt (check Baikal Electronics tg chat, translator required)

 

[artk2219]

China will buy it I bet.

Eh, probably not, they already design and make better chips hah. I am curious to see if anyone will pickup that IP though.

 

[purpleduggy]

You probably should double check information you post. T-Platfroms had only 1% of Baikal shares, which set to be auctioned off. By the way, Baikal CEO is glad that everyone thinks that Baikal has gone bankrupt (check Baikal Electronics tg chat, translator required)

why? what is the angle? was it vaporware?

 

[Panurg_it]

T-Platform only owns 1% of the stock. It is not the bankruptcy of "Baikal Elctronics", but the bankruptcy of "T-Platform"

 

[purpleduggy]

T-Platform only owns 1% of the stock. It is not the bankruptcy of "Baikal Elctronics", but the bankruptcy of "T-Platform"

interesting, so why would they spin it as Baikal being bankrupt? dishonest reporting

 

[regs01]

T-Platform has sold Bailkal Electronics to Varton in 2021.

 

[regs01]

By the way, Baikal CEO is glad that everyone thinks that Baikal has gone bankrupt (check Baikal Electronics tg chat, translator required)

Sure they glad, as they can now make a fortune by suing press

 

[TJ Hooker]

The article correctly states that T-Platforms went bankrupt rather than Baikal, it's the headline that is wrong.

Also, although T-Platforms only owned 1% of Baikal stock, they apparently owned 100% of their intellectual property.

Edit: Previous TH article about T-Platforms bankruptcy: https://www.tomshardware.com/news/former-co-owner-of-russian-baikal-microelectronics-goes-bankrupt

 

[purpleduggy]

Seems like this T-Systems pocketed the money that should have gone into delivering the Baikal cpus in PCs. so I can understand why the Baikal ceo would be happy about this T-Systems going under. this failure to deliver their cpus by the parent company even though they were made and already sold sounds like a strategy from intel/amd to protect their business in russia and push baikal out. yeah sanctions but lets be honest those intel/amd parts will still find their way there like they do in China.

Honestly, they should find another investor and pivot to RISCV. bet you this entire thing is because of corruption. Honestly we need other countries besides the US and China to step up their CPU game and offer competition to drive down prices. Where are you India? Where are you Africa? Where are you Middle East? Make some CPUs.