Sondrel CEO steps down as chip firm faces re-organization
By Peter Clarke, eeNews Europe (April 7, 2024)
Graham Curren, is standing down as CEO of loss-making ASIC design services company Sondrel Holdings plc. The company has received financial support from ROX Equity Partners Ltd. and is now set to return to private ownership.
After nearly 23 years leading Sondrel, Curren is being replaced by David Mitchard who comes in as interim CEO. Mitchard was previously managing director of Maritime Services at BAE Systems. Via a posting on Linkedin Curren said he intends to form a subsidiary company called Sondrel Ventures that will focus on strategy and business development.
In the first half of 2023 Sondrel made a loss before tax of £2.0 million on revenue of £9.3 million. Since then the company has had to contend with cash-flow challenges after a tape-out for a tier-one automotive customer was delayed towards the end of 2023. A consensus analyst forecast had expected Sondrel to achieve FY23 revenues of £13.0 million and an adjusted loss before tax of £6.0 million.
To read the full article, click here
Related Semiconductor IP
- 1.8V/3.3V I/O library with ODIO and 5V HPD in TSMC 16nm
- 1.8V/3.3V I/O Library with ODIO and 5V HPD in TSMC 12nm
- 1.8V to 5V GPIO, 1.8V to 5V Analog in TSMC 180nm BCD
- 1.8V/3.3V GPIO Library with HDMI, Aanlog & LVDS Cells in TSMC 22nm
- Specialed 20V Analog I/O in TSMC 55nm
Related News
- Sondrel explains the 10 steps to model and design a complex SoC
- The Automotive Industry is driving down acceptable chip defect levels
- John Chubb becomes Sondrel's CEO
- Sondrel announces CEO transition to lead next phase of growth
Latest News
- Will RISC-V reduce auto MCU’s future risk?
- Frontgrade Gaisler Launches New GRAIN Line and Wins SNSA Contract to Commercialize First Energy-Efficient Neuromorphic AI for Space Applications
- Continuous-Variable Quantum Key Distribution (CV-QKD) system demonstration
- Latest intoPIX JPEG XS Codec Powers FOR-A’s FA-1616 for Efficient IP Production at NAB 2025
- VeriSilicon Launches ISP9000: The Next-Generation AI-Embedded ISP for Intelligent Vision Applications