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
- eDP 2.0 Verification IP
- Gen#2 of 64-bit RISC-V core with out-of-order pipeline based complex
- LLM AI IP Core
- Post-Quantum Digital Signature IP Core
- Compact Embedded RISC-V Processor
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
- FortifyIQ Secures the Quantum Era with Over-the-Air Updatable Cryptography
- Cadence Reports Third Quarter 2025 Financial Results
- Rebellions Advances Peta-Scale Inference with proteanTecs Deep Data Monitoring
- YorChip announces Universal PHY™ PPA and introduces Open PHY to jumpstart broader market
- Key ASIC Berhad Secures Repeat AI ASIC Order Worth RM2.088 Million