HWBRIEF
Taiwan based Andes, which licenses RISC V processor designs to chipmakers, shut its Austin Condor Computing unit and cut staff; the company had cited roughly 480 positions, and EE Times reports current headcount is about 400.
Andes Technology has shut its Austin, Texas-based Condor Computing design subsidiary and folded the Cuzco high-performance processor IP back into the parent. The company had trimmed global headcount from the roughly 480 it cited, EE Times reports, to about 400 currently.
Andes is a Taiwan-headquartered RISC-V processor IP vendor: it licenses processor designs to chipmakers rather than shipping finished chips.
In an April 2026 EE Times interview, chairman and CEO Frankwell Lin said Andes had "extended too large in the last three-four years" and that revenue growth, 30% in 2024 but only 7% in 2025, could not keep up with the burn rate. The board pushed for a 10% to 20% operating-expense cut. Lin tied the consolidation in part to agentic AI tools letting the same design work be done with fewer people, and to pricing erosion in China even as North American demand stayed relatively strong.
The consolidation lands as Andes sits in a quiet period ahead of a planned 6.8 million-share capital raise, and the company has declined further comment. An official statement said all Condor IP has returned to the parent and that Andes continues to work with key Condor personnel while realigning around AI, automotive, and embedded demand.