The company was founded by
Iann Barron, a British computer consultant, Richard Petritz and Paul Schroeder, both American semiconductor industry veterans. Initial funding of £50 million was provided by the UK government via the
National Enterprise Board. A
US subsidiary, Inmos Corporation, was also established in
Colorado.
Semiconductor fabrication facilities were built in the US at
Colorado Springs, Colorado and in the UK at
Newport,
South Wales. Under the
privatization policy of
Margaret Thatcher the National Enterprise Board was merged into the
British Technology Group and had to sell its shares in Inmos. Offers for Inmos from
AT&T and a Dutch consortium had been turned down. Later it was raised to £192 million, approved August 1984 and finalized in September. In total, Inmos had received £211 million from the government, but did not become profitable. According to Iann Barron Inmos
was profitable in 1984 "we were really profitable in 1984 ... we made revenues of £150 million, and we made a profit which was slightly less than £10 million". In April 1989, Inmos was sold to SGS-Thomson (now
STMicroelectronics). Around the same time, work was started on an enhanced transputer, the T9000. This encountered various technical problems and delays, and was eventually abandoned, signalling the end of the development of the transputer as a parallel processing platform. However, transputer derivatives such as the ST20 were later incorporated into chipsets for embedded applications such as
set-top boxes. In December 1994, Inmos was fully assimilated into STMicroelectronics, and the usage of the Inmos brand name was discontinued. ==Notes==