A US startup chipmaker called Smooth-Stone has raised tens of millions of dollars to develop and sell ARM-based processors for servers, which ARM says will likely run Linux.
On Monday, Smooth-Stone said it was getting US$48 million from a group of investors that includes venture capitalists, Texas Instruments and ARM itself. "This kind of investment, the amount, and the strength of this syndicate is a strong endorsement for the innovation we are bringing to market," Smooth-Stone chief executive Barry Evans said in a statement.
The scheme will lead to "high-performance, low-power chips that will change the server market and the makeup of data centers", the chipmaker added.
Read more of "ARM backs Linux server chip start-up" at ZDNet UK.