In 1998, Parallax, Inc. formed a partnership with Ubicom (formerly Scenix Semiconductor) to develop tools and BASIC Stamps using their new SX microcontrollers. Company founder Chip Gracey designed the SX-Key Programming Tool to make programming Ubicomӳ SX chips affordable. And in 2005, Parallax, Inc. and Ubicom formed an agreement in which Parallax, Inc. is the exclusive supplier of the SX microcontroller.
In 2006, after eight years of development time, Parallax launched their Parallax Propeller microcontroller.
The Propeller 2 multicore processor is under development and doesn’t have a release date yet. The Propeller 2 processor includes features commonly requested by customers such as code protect, additional RAM and more I/O pins.