Wave Computing and MIPS Emerge from Chapter 11 Bankruptcy
Retrieved on:
Monday, March 1, 2021
SANTA CLARA, Calif., March 1, 2021 /PRNewswire/ --Wave Computing, Inc. ("Wave") and its subsidiaries including MIPS Tech, the processor technology company focused on the commercialization of RISC-based processor architectures and IP cores, today emerged from Chapter 11 bankruptcy protection.
Key Points:
- SANTA CLARA, Calif., March 1, 2021 /PRNewswire/ --Wave Computing, Inc. ("Wave") and its subsidiaries including MIPS Tech, the processor technology company focused on the commercialization of RISC-based processor architectures and IP cores, today emerged from Chapter 11 bankruptcy protection.
- MIPS is developing a new industry-leading standards-based 8th generation architecture, which will be based on the open source RISC-V processor standard.
- The emergence follows the approval of the Company's Chapter 11 plan of reorganization on February 10 by the United States Bankruptcy Court for the Northern District of California.
- "Now that we have completed our Chapter 11 restructuring, I'm looking forward to growing our business and executing on our go-forward strategy," said Mr. Kohli.