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- Chapter 11 bankruptcy
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This Austin accelerator made big claims; employees and …
It isn’t just employees who say they were burned by Newchip. Andrew Goei, founder of PitchPages, a pitch deck and fundraising software startup, said he wanted a refund a few months into the program after he felt he was not getting the promised services, specifically the investor intros. In an interview with TechCrunch, … See more
Though the employee group has more recently gone public with their grievances, they make claims of mismanagement going back years, including the clawback of sales commissions … See more
Newchip Enters Into Bankruptcy Liquidation - SiliconHills
WEBMay 13, 2023 · The Austin-based company rebranded as Astralabs, doing business as Newchip and Newchip Accelerator, filed for Chapter 11 bankruptcy reorganization on March 17th, listing $1.7 million in total …
Newchip’s bankruptcy serves as a cautionary tale to …
WEBMay 15, 2024 · When Newchip, an online accelerator promising to help startups, filed for Chapter 11 bankruptcy in March 2023, it was revealed that the company had just $1.7 million in assets and $4.8 million in...
Newchip's bankruptcy is a cautionary tale for founders - Recall
WEBMay 16, 2024 · Newchip, an Austin -based accelerator, filed for bankruptcy, sparking disputes over warrants granted to investors to buy shares in participating startups at a later date. Some founders allege a lack of clarity in explaining the warrant terms, while Newchip claims to have revised the language later.
They thought they were joining an accelerator
WEBMay 2, 2024 · When the now-defunct Austin accelerator Newchip filed for bankruptcy, founders learned that warrants into their startups were being sold off.
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WEBMay 13, 2023 · Newchip rivaled Y-Combinator as one of the largest startup accelerators. But on May 11, it was ordered shut down by a bankruptcy judge amidst recriminations by …
Intel used to dominate the U.S. chip industry. Now it's …
WEBApr 26, 2024 · Intel has since lost share in its core PC chip business to chips that grew out of the mobile revolution. Apple stopped using Intel in its PCs in 2020.
Newchip's bankruptcy is a cautionary tale for founders | Equity …
WEBMay 15, 2024 · The company after the initial bankruptcy Filing that the management hadn't really Kept up to them enough to the point Where they actually missed that some the …
Newchip accelerator goes bankrupt - this is how they tried
WEBMay 17, 2023 · Four days ago Newchip was ordered liquidated and shut down for good after filing for bankruptcy earlier. Many startups never got what was promised. The ones …
Intel discloses $7 billion operating loss for chip-making unit
WEBApr 3, 2024 · April 2 (Reuters) - Intel (INTC.O) on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology …
Newchip's Bankruptcy - What This Means for the Tech Startup …
WEBMay 21, 2023 · In the world of startups and accelerators, things can change in the blink of an eye. One such dramatic shift is happening right now, with Austin-based digital …
Newchip’s bankruptcy is a cautionary tale for founders | Equity …
WEBMay 19, 2024 · This episode of Equity breaks down months-long reporting surrounding Newchip’s bankruptcy and its impact on founders, as well as the broader accelerator landscape as a whole. Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines.
Intel slipped—and its future now depends on making …
WEBOct 20, 2021 · Manufacturers have raced to squeeze more chips out of their fabs, but many were running near their limits before the pandemic. Still, Intel and its competitors didn’t rush to build new fabs ...
A Cautionary Tale For China's Ambitious Chipmakers : NPR
WEBMar 25, 2021 · Wuhan Hongxin Semiconductor Manufacturing Co. was supposed to be one of China's most advanced chipmakers. Now it's bankrupt — a big flop at a time when …
Major Chinese semiconductor company goes bankrupt - Tom's …
WEBJun 17, 2024 · This bankruptcy has sparked fears of a new wave of industry closures similar to those seen in 2020. China's push to develop its semiconductor industry began in …
Corruption is sending shock waves through China's chipmaking …
WEBAug 5, 2022 · China’s chipmaking industry descended into chaos last week, with at least four top executives associated with a state-owned semiconductor fund arrested on …
Intel can’t even grow profits during a global chip shortage – where …
WEBJan 28, 2022 · Intel was the world’s largest chipmaker until 2021, when it was dethroned by Samsung. Though Samsung’s main business is memory chips, which is a different …
Chinese chip-related companies shutting down with record speed …
WEBDec 13, 2023 · A record 10,900 chip-related companies have lost their registration in 2023 so far — a big jump from the 5,746 companies that folded in 2022, according to the report. That means an average of 30...
China chip firm powered by US tech and money avoids Biden's …
WEBDec 14, 2023 · WASHINGTON, Dec 13 (Reuters) - A Chinese chip designer, part-owned by the country's top sanctioned chipmaker, is purchasing U.S. software and has American …
Intel, Aiming to Reverse Slump, Unveils New Contracts and Cost …
WEBSep 16, 2024 · The program, Secure Enclave, will be funded from the 2022 bipartisan CHIPS Act, which lawmakers passed to reduce the nation’s dependence on foreign …
How is Intel’s $20B Ohio One Chip Plant: On Track or Derailed?
WEB4 days ago · Intel announced on January 21, 2022, that they have chosen the New Albany International Business Parks in Licking County as the site for their chip manufacturing …
Beijing bails out bankrupt Tsinghua Unigroup • The Register
WEBApr 5, 2022 · A consortium led by Chinese government-backed Beijing Jianguang Asset Management Co. Ltd (JAC Capital) has injected $9.4 billion into ailing Chinese …
Belgian semiconductor makers declared bankrupt, over 400 jobs …
WEBJul 31, 2024 · The producer of semiconductors, BelGaN, has filed for bankruptcy, with 440 people working at the company now faced with losing their jobs at the headquarters in …
Why the global chip shortage is making it so hard to buy a PS5
WEBAug 31, 2021 · People aren’t going to stop buying stuff — it might change. But as these new facilities come online, we’re going to add a lot of chip supply after the problem is solved.
Intel is laying off over 15,000 employees and will stop ‘non …
WEBAug 1, 2024 · The chipmaker just announced it’s downsizing its workforce by 15 percent as part of a new $10 billion cost savings plan.
Red Lobster’s endless shrimp deal created ‘a lot of chaos,’ new …
WEB5 hours ago · It sounds like a shrimp-ly irresistible offer, but Red Lobster’s $20 endless shrimp deal was allegedly the main suspect in the chain’s bankruptcy filing earlier this …
Nuvance may face ‘bankruptcy’ if CT won’t approve ... - NewsTimes
WEB13 hours ago · Health care giant warns of ‘bankruptcy’ option for Danbury-based Nuvance if CT doesn’t approve deal. By Rob Ryser, Staff WriterOct 7, 2024. H John Voorhees …
Hershey-acquired snack company Paqui discontinues 'One Chip …
WEBSep 14, 2023 · A popular chip challenge made by the Hershey-acquired snack company Paqui, the "One Chip Challenge," will be removed from shelves. While the product is …
2U CEO steps down - Higher Ed Dive
WEB3 days ago · Paul Lalljie is stepping down as 2U’s CEO, the company announced Friday, just weeks after it emerged from Chapter 11 bankruptcy. Lalljie will also leave his board …
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