English
Wave Computing Files for Chapter 11 Protection
By Nitin Dahad, EETimes (April 30, 2020)
As we reported as a possible outcome last week, Wave Computing yesterday filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of California, San Jose Division.
Wave has arranged for what’s called debtor-in-possession (DIP) financing from an affiliate of Tallwood Venture Capital totaling approximately $27.9 million. The money provides the business sufficient liquidity to continue regular business operations through the bankruptcy process.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- Wave Computing Set to File Chapter 11, With MIPS the Likely Winner
- Wave Goodbye, Hello MIPS as Chapter 11 Resolved
- ATopTech, Inc. Initiates Voluntary Chapter 11 Bankruptcy Protection Proceeding
- Trident Microsystems, Inc. and Cayman Subsidiary File for Chapter 11 Protection
- Wave Computing and MIPS Technologies Reach Agreement to Exit Bankruptcy
Breaking News
- Cadence to Acquire Secure-IC, a Leader in Embedded Security IP
- Blue Cheetah Tapes Out Its High-Performance Chiplet Interconnect IP on Samsung Foundry SF4X
- Alphawave Semi to Lead Chiplet Innovation, Showcase Advanced Technologies at Chiplet Summit
- YorChip announces patent-pending Universal PHY for Open Chiplets
- PQShield announces participation in NEDO program to implement post-quantum cryptography across Japan
Most Popular
- Qualitas Semiconductor Signs IP Licensing Agreement with Edge AI Leader Ambarella
- BrainChip Provides Low-Power Neuromorphic Processing for Quantum Ventura's Cyberthreat Intelligence Tool
- Altera Launches New Partner Program to Accelerate FPGA Solutions Development
- Alchip Opens 3DIC ASIC Design Services
- Electronic System Design Industry Posts $5.1 Billion in Revenue in Q3 2024, ESD Alliance Reports