Business

Slovak chip start-up gets 17 million US dollars in state funding

Slovak chip producer Tachyum has announced that it has received capital from the Slovak government worth almost 17 million US dollars to help build a new research and development (R&D) centre in the country that will assist in the final development phase of the company’s Prodigy Universal Processor Chip, the smallest and fastest general-purpose 64-bit processor.

Around 150 highly qualified professional are expected to be hired to work at Tachyum’s Slovakia-based R&D centre, with hundreds of more job opportunities becoming available for skilled professionals as future Prodigy applications are developed. Tachyum’s new facilities will also provide coordination for the company’s overall business activities, and its global support services.

“With the Slovak government looking to back top technology projects and the emerging companies behind them, I am pleased that they have decided to support our project, which represents a unique opportunity for both Slovakia and the European Union,” said Radoslav Danilak, co-founder and CEO of Tachyum. “The creation of an R&D center in Slovakia will help to develop the whole ecosystem around solutions in the field of artificial intelligence and supercomputers. I am convinced that together we will achieve a strong leadership position inside the EU as it looks to develop mission-critical high-performance, scalable AI (artificial intelligence) and HPC (high-performance computing) solutions.”

With one of the fastest-growing economies in Europe, Slovakia continues to position itself as a technology hub within the EU in the fields of AI and HPC. The financial support provided by the Slovak government to build the new R&D center will help expedite the completion of Tachyum’s new proprietary processor architecture that will allow system integrators to build a 32 Exaflops AI supercomputer in 2020, well ahead of the EU’s stated goal of 2028.

Tachyum has previously built strategic relationships with EU partners that will enable the EU to exploit the unprecedented capabilities of the Prodigy Universal Processor Chip. Tachyum’s Prodigy processor reduces data center processor power by an order of magnitude, through a disruptive hardware architecture and a smart compiler that has made many parts of the hardware found in a typical processor redundant. Fewer and shorter wires, due to a smaller, simpler core, translates into much greater speed and power efficiency for the processor.

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