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2010-08-17 09:45:22
Smooth-Stone raises $48m from larger chip companies
Start up company Smooth-Stone has raised $48m to exploit chip designs from ARM Holdingsfor use in servers. These chips are not usually used in servers as they do not match the computing power of x86 designs by Intel and AMD. However with power consumption being a major issue for companies running banks of servers ARM designs, which offer low power consumption, maybe more relevant. The funds for Smooth-Stone have been raised from larger chip companies such as ARM Holdings, Texas Instruments and Advanced Technology Investment Co., an investment vehicle for the Abu Dhabi government.