LiU spinoff sold for SEK 240 Million
Coresonic was founded by four Linköping University (LiU) researchers and is set to become a wholly owned subsidiary of Taiwanese firm MediaTek.
Nilsson, Liu and Tell are still actively involved the company, while Svensson has retired.
Investment company, Industrifonden, invested in the company in 2007, which made it possible to commercialise their research results. In 2010 SEB Venture Capital became a company member. The venture capital companies have now sold Coresonic to Gaintech Co, a wholly owned subsidiary of Taiwanese semiconductor company MediaTek, for USD 35 million, the equivalent of SEK 240 million.
For the past year MediaTek has licensed Coresonic’s architecture for use in baseband applications for wireless communication. They are now taking over ownership but maintain that the technology will still be developed in Linköping.
“The sale presents major advantages for both parties. Now we have the opportunity to increase our pace and introduce new wireless products via MediaTek’s global network,” said Coresonic CEO Johan Lodenius in a press release.
News about LiU’s very own sinkhole spread like internet wildfire. The students rapidly organised a “drain party”.
...Maria Huge-Brodin, the first professor of Environmental Logistics at LiU, in Sweden, in Europe, and perhaps even the world.
More motivating to study for a competition than for an exam, thinks LiU student Fredrik Löfgren, who competes in robotics competitions himself and is organizing the RoboCup Junior competition.
Trust your gut feeling! Peter Agnefjäll, President and CEO of the IKEA Group, and Elnaz Baghlanian, editor and office coordinator at Swedish PEN, gave well-received speeches at the Alumni of the Year ceremony.
Have you ever worked at NASA? How did the sun start? Do aliens exist? A torrent of questions greets researcher Magnus Herberthson when he visits the second grade pupils at a local shool.
A job as a trainee education development officer in Dhaka is more appealing to Juliette Ramberg de Ruyter than a classroom in Sweden.
The cognitive abilities of dogs takes even researchers by surprise. Per Jensen, professor of ethology, has written yet another book about dogs’ behaviour.
Gorgeous autumn weather and Movits! on the main stage. Thousands of students celebrated the start of studies at the Kalasmottagning.
Ross Duncan, Canadian master’s student at LiU, is working for the Swedish Committee for Afghanistan in Kabul.
Last updated: 2014-12-05