Baikal parent company holds asset auction amid wave of bankruptcies in Russian CPU manufacturing industry

According to Russian media CNews, T-Platforms, the parent company of Russian CPU manufacturer Baikal, is facing bankruptcy and is preparing to auction its assets

As part of T-Platforms, Baikal is a Russian company specializing in The exascale enterprise. According to reports, T-Platforms plans to auction intellectual property, including patents and information related to domestic CPUs

According to reports, the expected auction amount is 484 million rubles, approximately 3688.1 Ten thousand yuan. Although the amount is not huge, it is still a significant amount of revenue for a company like Baikal. The auction will be held on September 26, 2023

Baikal’s CEO Andrey Evdokimov stated that Baikal Electronics did not apply for these patents, did not participate in the auction, and has no plans to redeem its shares

Evdokimov said that the transfer of intellectual property rights will not hinder the company's development and believes that it is currently at an "encouraging" stage that will promote the further development of Baikal's products and ecosystem. After rewriting: According to Evdokimov, the company's development will not be hindered by the transfer of intellectual property rights. He also said that it is currently at an "encouraging" stage that will promote the further development of Baikal's products and ecosystem

Baikal Electronics is the leader of Russian domestic CPUs. They have carried out the Baikal-M series We conducted in-depth research and tried to integrate Baikal CPU into laptops, using ARM architecture. However, since the overall architecture technology performance has not caught up with mainstream development, it is difficult to gain market recognition

It is understood that Baikal Electronics has not launched a new processor for several years. One of the most recent products is the Baikal-S server chip, which started production in October 2021. In addition, Baikal also released Baikal-M2, Baikal-L and Baikal-S2 processors for various electronic products in the summer of 2021. However, these processors are currently only on paper. Production of all Baikal processors has been stopped on February 27, 2022

It was previously reported that Baikal Electronics plans to shift its strategic focus to ASICs (Application Specific Integrated Circuits) in the artificial intelligence industry, which is also the company's chief executive One reason executives see auctions as an opportunity. Baikal Electronics' comprehensive shift to artificial intelligence also sends a positive signal

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