Stream Processors, a chip design firm focused on video processing, is shutting its doors and is engaged in an asset sale, VentureBeat has learned. Jack Horng, an officer for the company, said that Stream Processors will be formally shut in a month or so. The former chief executive, Chip Stearns, is forming a new company to acquire all of the assets from Stream Processors. The new company is expected to continue to supply its current generation Storm-1 processors but it isnt clear what will happe