Recent #Bankruptcy news in the semiconductor industry

5 months ago

➀ Beijing Jidu Jinguang Semiconductor Co., Ltd. has filed for bankruptcy liquidation due to financial difficulties;

➁ The rapid expansion of the silicon carbide market has led to intense competition and overcapacity;

➂ The price of silicon carbide has dropped significantly due to excessive supply and competition in the downstream electric vehicle industry;

➃ The industry is expected to see further consolidation and differentiation as new players enter the market.

BankruptcyMarket Consolidationsilicon carbide
9 months ago
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.
Bankruptcysemiconductortechnology