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
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing