CPU manufacturer Ampere Computing has submitted a draft registration statement for a planned initial public offering of common stock to the Securities and Exchange Commission on a confidential basis. The prospective offering’s number of shares to be issued and price range have yet to be defined. Following the SEC review process, Ampere hopes to execute the public offering, subject to market and other circumstances.
Hetzner Online is one of the first European web hosting firms to trust the competence of CPU manufacturer Ampere Computing. Last month, Hetzner Online shared the news that it is actively developing novel ARM-based technologies as part of its new partnership with Ampere to fulfill the market’s rising need for contemporary IT infrastructure.
Because of the significant migration in IT processes to the cloud and the rise of artificial intelligence (AI) and machine learning (ML), the industry’s computing and storage requirements are skyrocketing, stated Hetzner Online.
The large web hosting provider from Germany says it is always focused on developing innovative, powerful, and scalable server solutions in order to stay ahead of this and other future developments. The cooperation with Ampere would fit in with that market approach.
Ampere Computing was founded in the U.S. in 2018. According to Hetzner Online it has built a reputation as an innovative developer of ARM-based processors.
“The new ARM processor architecture from Ampere is particularly impressive due to its highly scalable processing capacities, and it is also particularly designed for energy efficiency,” said Sebastian Willer, Head of Product Development at Hetzner Online.
“We look forward to working with Ampere towards the goal of providing our customers innovative and forward-looking solutions together.”