Basically,this team designed chips(110nm) for Avalon.
And for some unknown reason,they are looking for some new partner/investor.(40nm)
And,we don't know what happened inside Avalon.
To summarize what you and johnyj have said:
(1) Key members of the Avalon design team are now independent of Avalon;
(2) This new design team is proposing the development of a 40nm chip;
(3) The team is seeking investment - as in capital, as opposed to crowd source or pre-sales.
IS THIS CORRECT?Where you assumed that they seek investment or new partner? Also, where is evident that they bitsysncom asic team has split inside?
Maybe this has something to do with btc address for chip purchases? Yifu said that who claim that they own that btc address.