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NEWS TAGGED BANKRUPTCY
Monday 8 January 2024
Chinese EV makers in bankruptcy crisis
Amidst a cutthroat battle for nearly a year in 2023, the Chinese auto market is expected to experience a major elimination round in 2024 with models that have lower-than-expected...
Wednesday 28 June 2023
Foxconn refutes Lordstown allegations amid lawsuit
Lordstown Motors has filed a lawsuit against Hon Hai Technology Group (Foxconn) and some of its subsidiaries, including Foxconn Ventures, in the US Bankruptcy Court for the District...
Tuesday 27 June 2023
US truck startup Lordstown files for bankruptcy after Foxconn deal falls through
Lordstown Motors Corp. filed for bankruptcy after the electric truck startup's investment agreement with manufacturing giant Foxconn Technology Group rapidly unraveled.
Tuesday 9 May 2023
Natural selection in chip industry: 10,000 chip companies closed in China in the past two years
A new topic has arisen in Chinese media lately: almost 10,000 chip companies were closed and deregistered in 2021 and 2022. Whether that is the result of the U.S. government's export...
Monday 8 May 2023
Memory suppliers in bankruptcy risk on seesawing NAND price
The latest financial results of the world's top three memory suppliers report total losses of US$8.3 billion. The amount exceeds US$10 billion if it includes losses of other suppliers...
Tuesday 25 April 2023
Factory closures, layoffs happening in China electronics industry
Many small- and medium-size businesses involved in the local supply chain for electronics parts and other devices have seen factory closures and layoffs in southern and eastern China,...
Monday 12 December 2022
Samsung to maintain memory output ramp-up despite demand slowdown fears
While Micron Technology and other memory chipmakers plan to scale back output and slow down capacity expansions amid growing demand fears, Samsung Electronics is sticking to its capex...
Monday 20 June 2022
EV startups in dire straits
Tesla CEO Elon Musk recently warned that US electric vehicle (EV) startups Rivian and Lucid could both go bankrupt if they do not significantly lower their costs.
Monday 25 October 2021
India telecom market landscape experience drastic changes
The mobile telecom landscape in India has changed drastically since startup Reliance Jio launched its 4G LTE network services in September 2016 with unprecedented free voice over...
Thursday 20 February 2020
Semiconductor industry avoids direct impact of coronavirus outbreak, says Omdia
The semiconductor industry appears to have escaped the direct impact of the coronavirus crisis so far, but the market is likely to suffer the repercussions as the outbreak slows or...
Friday 1 December 2017
Touch panel maker JTouch declares bankruptcy
Unable to sustain the fierce price competition from China-based players, Taiwan-based touch panel maker JTouch has declared bankruptcy and will lay off all its employees in the next...
Tuesday 16 May 2017
SolarWorld bankruptcy may influence US, EU actions
Germany-based SolarWorld AG has declared bankruptcy and this may influence the US government's decision on global safeguards investigations pursuant to Section 201 of the Trade Act...
Monday 1 February 2016
Cando stops production, lays off about 360 employees
Touch panel maker Cando on January 29 announced that it will immediately stop production and lay off about 360 employees, with about 40 to remain to dispose of affairs arising from...
Thursday 4 June 2015
Innolux outlines how its strategies kept the company from bankruptcy
As China's panel industry continues to increase production capacity, Taiwan panel makers have kept their competitive edge through product differentiation strategies and adjustments...
Thursday 14 May 2015
Japan sees bankruptcies down 18% on year in April, but overall debt rises, says research firm
The number of enterprise filing for bankruptcy in Japan was down 18% on year to reach 748 cases in April, but enterprises' overall debts were up 37% on year to reach JPY192.8 billion...
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Summary of Tech Supply Chain News!
Global smartphone shipments hit 2023 peak in 4Q23, but decelerate in 1Q24 due to seasonality, says DIGITIMES Research
Meet the analyst: Operating system in AI era will be king, says DIGITIMES Research
Taiwan server industry experiences decline in 2023 revenues and shipments; poised to see growth in 2024, says DIGITIMES Research