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2 Min Read OAKLAND, Calif. (Reuters) - Artificial intelligence chip designer Wave Computing Inc said on Monday it has emerged from Chapter 11 bankruptcy protection following an auction of the company and will rebrand the firm as MIPS. The company traces its origins back to MIPS Computer Systems Inc, cofounded more than 35 years ago by Stanford University professor John Hennessy, who is now chairman of Alphabet Inc. MIPS was the commercial home of an earlier academic effort to create an architecture for computer processors that remain in wide use today by firms such as Intel Corp’s Mobileye ...

Wave Computing and MIPS Technologies Reach Agreement to Exit Bankruptcy Company expects to exit bankruptcy in January 2021 pending creditor and court approval of Tallwood-led reorganization plan News provided by Share this article Share this article SANTA CLARA, Calif., Dec. 28, 2020 /PRNewswire/ -- Wave Computing, Inc. ("Wave" or "the Company"), the processor technology company focused on the commercialization of RISC processor architectures and IP cores, and its subsidiaries including MIPS Tech, today announced that the Company has reached an agreement with its secured lender Tallwood Tech...