The Register, the most reputable source of online news, reports that P.A. Semi recently raised US$50 million in investments. If you’ll recall, P.A. Semi is the startup that announced last year that they would be producing a 2-core 2GHz 7-watt PowerPC processor. Now they reportedly have designed a 16-core chip as well, and like Sun Microsystems may be using Texas Instruments as their fab (fabrication plant).

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