The many-core server pioneer Calxeda said that most of its employees have been already laid off. The startup was one of the first manufacturers of low-power, integrated processors that use the ARM core.
The company said that it failed to hold on till the emerging market of low-power servers could become big enough to ensure its sustainability.
Founded in 2008 by Intel and Marvell engineer Barry Evans, the company was one of the first to introduce a power-efficient ARM processor for data centers.
The company's chips had been slated for Hewlett Packard's Moonshot servers, which now use power-efficient Intel Atom processors.