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NEWS TAGGED BANKRUPTCY
Tuesday 10 December 2024
YMTC denies backdoor listing rumors amid rising industry scrutiny
China-based Yangtze Memory Technologies Corp (YMTC) has dismissed speculation of a "backdoor listing," issuing a rare public statement on December 9, 2024, to refute rumors connecting...
Thursday 28 November 2024
Funding cuts, layoffs, and reorganization common in China's competitive chip industry
In 2024, major Chinese semiconductor businesses continue to announce closures or severe layoffs, according to industry sources. Xiangdixian Computing Technology, commonly referred...
Friday 22 November 2024
Japan halts funding for all-polymer battery firm APB amid company crisis
Japanese authorities have officially terminated subsidies for APB Corp, a pioneer in next-generation all-polymer battery technology, amid severe financial difficulties and leadership...
Wednesday 20 November 2024
China-based foldable pioneer Royole Technologies declares bankruptcy
Royole Technologies, a pioneer in foldable display technology and the creator of the world's first commercial foldable smartphone has declared bankruptcy. Despite its early lead and...
Wednesday 30 October 2024
Tesla of flying cars hits financial turbulence: Germany's Lilium halts production as insolvency looms
Lilium, a German electric vertical takeoff and landing aircraft (eVTOL) company often called the Tesla of flying cars, is planning to file for insolvency and will seek self-administration...
Monday 2 September 2024
Chinese GPU startup, potential Nvidia rival, denies bankruptcy despite organizational adjustment
Reports indicate that Xiangdixian, a China-based GPU design house considered a potential rival to Nvidia, has declared bankruptcy due to cash flow issues and has laid off nearly 400...
Monday 2 September 2024
Bankruptcies plague China's chip startups, ushering in an era of 'survival of the fittest' through M&A
Despite the generative AI boom, uncertainty looms over the automotive, consumer mobile, and PC markets, leading to layoffs at major U.S. and European semiconductor companies like...
Friday 30 August 2024
China's solar policy could trigger global industry reshuffle amid bankruptcies and exit wave
The Chinese government's stance remains a crucial factor in shaping the scale and impact of the ongoing wave of global solar industry bankruptcies and exits. With China's global solar...
Thursday 29 August 2024
Solar module industry in bankruptcy crisis amid oversupply
Due to oversupply in the solar industry in 2024, supply chain quotes have continued to plummet, leading to a wave of bankruptcies across the sector. According to industry insiders,...
Friday 5 July 2024
IRA local sourcing requirements hit US-based EV startups
Despite the Biden Administration's push for EV supply chain localization through policies like the Inflation Reduction Act (IRA), the recent Fisker bankruptcy suggests these policies...
Wednesday 12 June 2024
China-based Royole Technologies initiates bankruptcy liquidation amid financial struggles
After months of swirling rumors about Royole Technologies' financial struggles, once touted as China's leading foldable screen manufacturer, the latest legal documentation confirms...
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...
megawin
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research