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.
To read the full article, click here
Related Semiconductor IP
- NPU IP Core for Mobile
- NPU IP Core for Edge
- Specialized Video Processing NPU IP
- HYPERBUS™ Memory Controller
- AV1 Video Encoder IP
Related News
- Trident Microsystems, Inc. and Cayman Subsidiary File for Chapter 11 Protection
- ATopTech, Inc. Initiates Voluntary Chapter 11 Bankruptcy Protection Proceeding
- Wave Computing Set to File Chapter 11, With MIPS the Likely Winner
- Wave Goodbye, Hello MIPS as Chapter 11 Resolved
Latest News
- Jim Keller: ‘Whatever Nvidia Does, We’ll Do The Opposite’
- FlexGen Streamlines NoC Design as AI Demands Grow
- IntoPIX Presents Its New Titanium Software Suite: Empowering AV-Over-IP Workflows With Speed, Quality & Interoperability
- Global Semiconductor Sales Increase 2.5% Month-to-Month in April
- Speedata Raises $44M to Launch First-Ever Chip Designed Specifically for Accelerating Big Data Analytics - Compute's Second Largest Workload