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NEWS TAGGED BANKRUPTCY
Monday 9 November 2009
MagnaChip emerges from Chapter 11
MagnaChip Semiconductor, a South Korea-based designer and manufacturer of analog and mixed-signal semiconductor products for consumer applications, has issued a statement that its...
Tuesday 13 October 2009
Qimonda sets up IP licensing group
Qimonda has announced the establishment of Qimonda Licensing, a company responsible for the licensing and exploitation of its worldwide patent portfolio. The IP licensing company...
Monday 17 August 2009
Spansion to seek debt-for-equity swap to ease financial pressure, says executive
Spansion's financial restructuring following its exit from Chapter 11 will involve a debt-for-equity swap, according to John Nation, director of corporate marketing for the NOR flash...
Wednesday 12 August 2009
Spansion executive to pay visit to Taiwan
John Nation, director of corporate marketing for Spansion, plans to pay a visit to Taiwan this week, raising speculation that the NOR flash chipmaker is looking to aggressively take...
Wednesday 29 July 2009
Spansion set to exit Chapter 11 in 4Q09
Spansion has increased its cash position to US$220 million at the end of its second quarter ended June 28, 2009, compared to a cash balance of US$95 million in the prior quarter,...
Wednesday 6 May 2009
Spansion to delist from Nasdaq beginning May 7
NOR flash chipmaker Spansion, which on March 2 filed for bankruptcy protection, has announced that it has received notice from Nasdaq that the last day of trading for Spansion common...
Thursday 23 April 2009
Spansion to pursue standalone strategy focused on embedded solutions
Spansion, the world's largest pure-play provider of flash memory solutions, has announced that the company will pursue a standalone strategy focused on the embedded solutions market...
Friday 10 April 2009
China-based panel maker BOE reportedly in financial woes
A subsidiary of China's BOE Technology Group reportedly is asking bank creditors for a three-year loan repayment extension, highlighting the financial difficulties facing the country's...
Wednesday 1 April 2009
China-based LCD player SVA reportedly under government custody due to financial woes
SVA Group, a major player in China's LCD display industry, reportedly has been placed under the custody of the Shanghai ciity government for the disposal of its liabilities and turnaround...
Tuesday 24 March 2009
ProMOS still facing loan uncertainty
DRAM chipmaker ProMOS Technologies has seen more than 79% of its ECB bondholders accept its tender offer, meeting the minimum ratio set by its syndicate banks in order to gain a loan...
Tuesday 24 March 2009
Spansion expects narrower decline in 1Q09 sales
Spansion, the insolvent NOR flash giant, has announced net sales of US$468 million for its fiscal fourth quarter of 2008 (ended December 31, 2008), down 36.6% sequentially. As part...
Friday 20 March 2009
ChipMOS diversifying customer base to minimize impact from Spansion insolvency
Taiwan's ChipMOS Technologies is looking to diversify its memory customer base, while having lowered its dependence on Spansion significantly, according to company sources. The IC...
Monday 16 March 2009
Qimonda still seeking buyers
Qimonda, which on January 23 filed for insolvency, said in a recent statement that talks with potential investors regarding a solution to keep the company in operation will continue...
Wednesday 11 March 2009
Spansion receives Nasdaq delisting notice
Spansion, the NOR flash giant that filed for bankruptcy last week, has announced that it has received a staff determination notice from the Nasdaq Stock Market stating that the company's...
Tuesday 3 March 2009
KYEC and PTI claim no affect from Spansion bankruptcy filing
Taiwan's memory packaging and testing houses King Yuan Electronics Company (KYEC) and Powertech Technology Incorporated (PTI) have filed statements via the Taiwan Stock Exchange (TSE)...