Additionally, the company estimates the follow-on phases of the grants will total a further €210 million for a total of €329 million, and the company is part of new consortiums and projects that can bring in an additional €51 million or more in future financing. With these substantial funds that are transferable to a buyer under reasonable terms, Codasip has received early interest in being acquired, which has triggered the board to initiate an expedited sale process.
The process is officially being launched as of the 1st July and is planned to complete within the next three months. The board will consider offers to acquire the company in total, or portions of the company.
Codasip has four key product areas with separable R&D teams:
- Studio, an electronic design automation (EDA) tool for developing and customising processors
- A portfolio of standard application and embedded RISC-V processors developed with Studio but also available in industry standard RTL and all available in automotive grade (safe and secure as defined by ISO26262 and ISO/SAE 2143). Each of these processors can be customised with Studio. This portfolio is largely complete and therefore associated with a smaller portion of the EU financing
- A portfolio of application and embedded RISC-V processors and complementary software based on CHERI (Capability Hardware Enhanced RISC Instructions), a cybersecurity standard that addresses memory safety violations which account for 70% or more of CVEs. This portfolio is largely complete and therefore associated with a smaller portion of the EU financing
- A portfolio of high-performance application processors that are being developed and benefit from the bulk of the EU financing
The company has approximately 250 staff members, of which 57% are hardware engineers and 30% are software engineers. Codasip has invested heavily to create what it believes to be a leading RISC-V processor development capability with its R&D in Europe. As a licensing company, its products are highly configurable and customisable, making them and the team ideal for acquisition; either from another licensing company or by a company that wants this skillset.
