➀ BelGaN, a Belgian GaN semiconductor foundry, has filed for bankruptcy, affecting approximately 440 employees. ➁ The company has over 30 years of experience in automotive semiconductor production and significant advancements in GaN technology. ➂ Despite technical successes, BelGaN faced financial difficulties, including a lack of sufficient cash flow and challenges in securing additional investments. ➃ The company has received bids from potential buyers, including a Swedish-Finnish consortium and former owner Guido Dumarey.