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Tech Industry

AmberWave replaces CEO

AmberWave Systems, which specializes in strained silicon, announced that board member Mitch Tyson has replaced Mark Wolf as CEO. The change was made so that the company could move from the product development phase to concentrate more on licensing its technology. "The company did miss its numbers last year," said Tyson. Advanced Micro Devices had intended to adopt the company's technology, but scaled back on its plans after signing a subsequent deal with IBM, Tyson said.

The Salem, N.H.-based start-up is one of the leading advocates of strained silicon, a once-derided concept for increasing performance and reducing power consumption by inserting germanium atoms into certain silicon layers of chips. The company was founded by Gene Fitzgerald, an MIT professor, and two graduate students in 1998.