India, July 10 -- Codasip, the European RISC-V leader, announced an accelerated process to sell the company. Codasip has been awarded several grants and equity funding from various bodies of the European Union (EU) and national authorities totaling over €119 million, most of which is still to be received by the company in due course.

In addition, the company estimates the follow-on phases of the grants will total a further €210 million for a total of €329 million, and the company is part of new consortiums and projects that can bring in an additional €51 million or more in future financing.

With these substantial funds that are transferable to a buyer under reasonable terms, Codasip has received early interest in...