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Hot chip startup Ampere files for IPO

California-based chipmaker Ampere confidentially filed for an initial public offering on April 11, when it submitted a draft registration statement with the US Securities and Exchange Commission.

Founded by the former Intel president Renée James in 2017, Ampere designs fabless server processors based on Arm architectures. It is riding a strong wave of recent demand thanks to its latest Altra and Altra Max CPUs, which are designed for the data centre based on the Arm Neoverse N1 architecture. It counts the likes of ByteDance, Cloudflare, Equinix, Oracle, and Tencent as customers of its processors.

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Source:: Network World – Data Center