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.
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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.
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Last updated: 2016-10-26