Plastic Logic has been in the headlines allot lately, most of it is about the perpetually delayed and now canceled Plastic Logic Que E-Reader. Plastic Logic is known also as a low cost computer chip maker and has about 200 million dollars kick in by Intel and a few other venture capital firms.
Plastic Logic is a company in Peril, and they are entering late-stage negotiations on selling a majority stake of its company to Russian State owned company Rusnano, the Financial Times reports. Rusnano primarily deals with nanotechnology and if the deal goes through, all Plastic Logic chips would be manufactured in Russia.
Plastic Logic needs an investor big time, without one, their lifeline of selling chips on the market, is threatened. Since their company risked much in the development of the Que E-Reader, and it not materializing, it has put the company in a real bind. With the outsourcing of chip and technology out of Dresden and Cambridge United Kingdom, to cheaper Russia, this may be the deal that helps Plastic Logic sustain itself.
Before the serious Russian talks took off, Plastic Logic was in contact with China, but the talks reached an impasse.
Plastic Logic, whom is a home grown company and has major offices and Research and Development centers in Cambridge and Dresden, and also has offices in Germany and California. People are lamenting the fact that their local company is being owned by State Russia. In other respects it shows a progression in maturity of Plastic Logic to establish a cheaper manufacture base, and gives Russia some much added clout on the world stage of technology innovators.