Ambric Closes Down, Goes on Sale
Ambric, a Beaverton, OR-based semiconductor company, has announced it is shutting down and looking for a corporate buyer. The firm has suspended all operations not having to do with its sale or existing customer agreements. Ambric has developed software-programmable parallel processor chips that are used in video coding, wireless base stations, and medical and military imaging. It has been funded by the likes of OVP Venture Partners and Northwest Technology Ventures.