Andes Condor Closure Came Amid Broader Cost-Cutting Effort

Andes Technology’s decision to close Condor was part of a broader 10-20% operational cost-cutting exercise, with Condor probably considered too expensive a bet.

By Nitin Dahad, EE Times | August 19, 2026

Last week, reports emerged that Andes Technology had shut down its Austin, Texas-based Condor Computing design center subsidiary and folded its Cuzco processor IP back into the parent company. Much of that team had been scaled back, with some employees remaining at Andes.

This move appears to be part of a wider cost-cutting effort. In April 2026, Frankwell Lin, chairman and CEO of Andes Technology, told EE Times that the company had expanded too quickly over the previous three to four years without a corresponding increase in revenue. As a result, Andes was looking to reduce operational expenses by 10-20%, including its global headcount reduction from 480 to about 450. EE Times now believes that headcount is about 400.

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