Buckinghamshire chip company sold to Ericsson
Chip company Aspex Semiconductor has been sold to Ericsson, with proceeds of the sale to be distributed to shareholders of Aspex.
The Buckinghamshire-based firm was founded in 1999 and specialises in the development of software programmable processors.
Since March 31 of this year, £1.75m of loan repayments will have been received from Aspex, and it is anticipated these repayments, when combined with the expected net proceeds receivable by SPARK pursuant to the sale, will be over £7m.
The Board continues to expect another substantial return of cash to shareholders will be made during the Autumn.
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