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.
Thousands of students are making a pilgrimage to the Saab Arena for “Kalas”, Sweden’s largest event for new students.
His exchange year in South America turned out to be quite different from what LiU student Simon Alzén had expected. He can be seen this autumn in the American hit series “Narcos”.
Excitement about the future – and a celebration right now. That was the mood at this year’s Farewell Ceremony for Linköping University’s international master’s students.
Sofie Abrahamson, lecturer at the Department of Culture and Communication, has involved herself in the case of Syed Latif, who was deported after getting a job through the wrong channels.
This year’s Commencement Ceremony in the De Geer Hall combined stately ritual with serious partying.
Master’s student Rebecka Le Moine is in India right now to study tigers on behalf of the World Wide Fund for Nature.
Anders Jidesjö, Department of Thematic Studies, is research coordinator for the Kunskapslänken national programme, which has been nominated for a UNESCO-Japan prize for sustainable development.
A lot of takeout and evenings were consumed before this year’s race car was ready for the prestigious track at Silverstone.
iDay 2016 in Colloseum was a worldly experience with food and culture from 15 countries.
2016 Environmental Engineering Profile of the Year. Winner of the 2015 Skapa prize in Östergötland. And winner of the 2016 Nordic Cleantech Open as well as a desirable spot on the list of the 33 hottest new technology companies.
Last updated: 2016-09-14