Saturday, June 22, 2024

Tenstorrent licenses Baya's WeaveIP fabric

Tenstorrent has licensed Baya Systems’ customizable WeaveIP fabric to scale its AI and RISC-V chiplet solutions. Baya’s IP and software flow enables Tenstorrent and its partners to analyze, customize and deploy its intelligent compute platform for current and future workloads and deliver highly scalable chiplet solutions to meet the emerging demand.

Baya Systems’ WeaveIP portfolio optimizes standard protocols, distributed caching, advanced coherent and non-coherent fabric while allowing customizable protocols for AI and other applications over a unique transport architecture. The WeaverPro software provides a data-driven platform that enables designers to architect cache and memory architecture followed by algorithmically optimized unified fabric design from concept to post-silicon tuning, accelerating the development and deployment of a chiplet-ready system architecture that is globally and locally optimized. The company is based in California.

Tenstorrent, founded in 2016 by Ljubisa Bajic and based in Toronto, Ontario, is developing high-performance processors and software for AI and machine learning applications. Their products include the Grayskull AI processor, designed for complex neural networks, and Wormhole, an interconnect technology for scalable AI workloads, along with various software solutions. Tenstorrent has raised significant funding, including $200 million in a Series C round led by Fidelity Management & Research Company, with participation from Eclipse Ventures and others. The company has a notable partnership with Siemens. Tenstorrent has attracted industry leaders like Jim Keller, who joined as President and Chief Technology Officer (CTO) in 2021, later becoming CEO.

“Tenstorrent is reputed for highly customized, high-performance AI and RISC-V solutions tailored to specific workloads and applications, which need to be future-proof,” said Sailesh Kumar, CEO of Baya Systems. “We believe Baya’s high-performance, reliable chiplet-ready fabric, and advanced analysis capability, design-time, and post-silicon runtime tuning, will be an essential component of Tenstorrent’s ability to deliver high-performance cost-effective multi-chip designs that next-level energy efficiency and are future-proofed for fast evolving applications.”

“Baya makes great, comprehensive fabric tools. Their tools start with top level architecture then allow us to plan at a detail level including performance modeling, transport, quality of service and cache coherency," said Tenstorrent CEO Jim Keller. "This, coupled with their visualization tools, enables designers to build next generation chips, chiplets and IP. This data-driven, correct by construction fabric IP delivers the performance and scale needed for Tenstorrent's chiplet-based solutions.”


Bharat 6G Alliance signs European partners

The Bharat 6G Alliance(B6GA), which is an initiative of Indian industry, academia, national research institutions and standards organizations, has signed partnership agreements with two European bodies:

  • The 6G Smart Networks and Services Industry Association (6G-IA) is the voice of European Industry and Research for next generation networks and services. The 6G-IA carries out a wide range of activities in strategic areas including standardization, frequency spectrum, R&D projects, technology skills, collaboration with key vertical industry sectors, notably for the development of trials, and international cooperation.
  • The 6G Flagship programme is a world-leading research initiative funded by the University of Oulu and the Research Council of Finland. It aims to develop key 6G technology components, establish a comprehensive 6G Test Centre, and drive the societal digitisation of the 2030s through ground-breaking 6G research and innovation.

Last year, B6HA announced a similar partnership with ATIS’ Next G Alliance, which is an initiative to advance North American wireless technology leadership over the next decade.

SES ASTRA 1P broadcast satellite launched

 The SES ASTRA 1P satellite was successfully launched by a SpaceX Falcon 9 rocket from Cape Canaveral Space Force Station in Florida.

ASTRA 1P, which was built by Thales Alenia Space, is based on the 100% electric Spacebus NEO platform and features 80 transponders capable of delivering 500 HD TV channels. It is the most powerful satellite to operate at 19.2 degrees East, seamlessly replacing the current four satellites at the orbital location and continuing their mission of serving 119 million TV households.

The Ku-band satellite will enhance SES's TV neighbourhood at 19.2 degrees East, delivering content to public and private broadcasters, sports organizations, and content owners across Europe's largest TV markets. ASTRA 1P will also provide premium HD content to subscribers of HD+, SES’s high-definition satellite TV platform in Germany.

Recent developments at SES

  • November 2023: SES successfully launched its fifth and sixth O3b mPOWER satellites. This completion of the six-satellite constellation marks a significant milestone in its second-generation medium Earth orbit (MEO) system, enhancing global high-performance connectivity services​ (.
  • January 2024: SES and Luxembourg-based satellite ground infrastructure provider, RHEA Group, announced a collaboration to develop advanced cybersecurity solutions for satellite communications, enhancing the security of SES’s global network​ 
  • February 1, 2024: SES appointed Adel Al-Saleh as its new CEO, effective February 2024, bringing in leadership from his previous role as CEO of T-Systems International GmbH 
  • April 242024SES’s O3b mPOWER system began providing high-performance connectivity services. This new system, with its first six satellites in MEO, is designed to offer flexible and low-latency services globally, ranging from tens of Mbps to multiple Gbps​
  • April 30, 2024: SES announced its plan to acquire Intelsat for $3.1 billion. The acquisition is aimed at expanding SES’s multi-orbit space network and enhancing its competitive position in the market. The deal is expected to close in the second half of 2025​
  • May 15, 2024SES and Microsoft announced a partnership to deliver improved cloud and connectivity solutions via Azure Orbital, leveraging SES’s multi-orbit satellite network to provide seamless cloud access in remote and underserved regions​
  • June 10, 2024: SES signed a contract with the US Department of Defense to provide satellite communication services worth $180 million. This agreement underscores SES’s strategic role in providing reliable and secure communications for defense operations​

Ribbon Secures $385 million credit facility

 Ribbon Communications finalized a $385 million senior secured credit facility. This new financial arrangement, known as the 2024 Credit Facility, includes a $350 million term loan and a $35 million revolving credit line. The funds will be utilized to refinance an existing credit facility, fully redeem Ribbon's outstanding Series A Preferred Stock, and cover associated fees and expenses. Any remaining proceeds will support the company's working capital and other general corporate needs, facilitating further network modernization and protection for its global clientele.

The loans under the 2024 Credit Facility are set to mature on June 21, 2029. Initially, the interest rate will be SOFR plus 6.25%, which will adjust to a range between SOFR plus 5.75% to 6.25% depending on Ribbon's consolidated net leverage after the fiscal year ending December 31, 2024. Alternatively, Ribbon has the option to choose an interest rate based on an alternative base rate with a margin from 4.75% to 5.25%. The credit facility is secured by nearly all of Ribbon's and certain subsidiaries' assets. HPS Investment Partners, LLC will act as the Administrative Agent, with HPS and WhiteHorse Capital serving as joint lead arrangers and bookrunners.

Key Points:

  • Ribbon Communications finalizes a $385 million senior secured credit facility.
  • The facility includes a $350 million term loan and a $35 million revolving credit line.
  • Proceeds will refinance existing debt, redeem Series A Preferred Stock, and support general corporate purposes.
  • Loans mature on June 21, 2029, with interest rates tied to SOFR plus a margin based on net leverage.
  • HPS Investment Partners, LLC and WhiteHorse Capital lead the arrangement and administration of the facility.