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This Austin accelerator made big claims; employees and …
Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of employees of the troubled... See more
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 … See more
Though the employee group has more recently gone public with their grievances, they make claims of mismanagement going back years, … See more
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Austin startup accelerator Newchip collapses amid bankruptcy …
WEBMay 12, 2023 · The company, legally known as AstraLabs Inc., has been dealing with a Chapter 11 bankruptcy business reorganization case that started on March 17. On May …
- Email: [email protected]
- Works For: Austin Business Journal
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Newchip Enters Into Bankruptcy Liquidation - SiliconHills
WEBMay 13, 2023 · By Laura Lorek, publisher and senior writer of Silicon Hills News. Newchip entered into bankruptcy liquidation last week. The Austin-based company rebranded as Astralabs, doing business as Newchip …
Intel used to dominate the U.S. chip industry. Now it's struggling …
WEBApr 26, 2024 · Key Points. Intel, once the biggest and most valuable U.S. chip company, has been surpassed by numerous rivals in recent years due to a series of missteps. The …
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WEBMay 13, 2023 · On March 17, Newchip (under its corporate name of Astralabs) filed for Chapter 11 bankruptcy protection from creditors. This would allow the company to …
Newchip Online Accelerator Faces Bankruptcy and …
WEBMay 19, 2023 · Newchip, operating under Astralabs, filed for Chapter 11 bankruptcy in March, revealing a significant disparity between its assets, valued at $1.7 million, and its liabilities, totaling $4.8 million. The case …
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Newchip's bankruptcy is a cautionary tale for founders
WEBEntrepreneurship. For months, TechCrunch Senior Reporters Mary Ann Azevedo and Christine Hall have been following the story of Newchip's bankruptcy and its impact on …
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 …
Startup accelerator Newchip goes bankrupt - Details
WEBMay 13, 2023 · Newchip, a startup accelerator, has filed for bankruptcy after facing challenges during the global tech recession. The company attempted to restructure its debts under Subchapter 5 but faced …
The Fall of Newchip Accelerator - LinkedIn
WEBMay 20, 2023 · Akhilesh Bacchoo. Technology & Product Lead at Fundkiss. Published May 20, 2023. On March 17, Newchip Accelerator filed for bankruptcy protection from its …
Newchip Accelerator triples enrollment as venture
WEBThe Newchip Accelerator’s enrollment is expected to double in 2021. Here are some factors causing the surge in remote programs: 1. Traditional accelerators can no longer operate in-person and...
Silicon Valley Bank shutdown: How it happened and what comes …
WEBMarch 10, 2023, 8:00 PM UTC / Updated March 10, 2023, 8:54 PM UTC. By Rob Wile. Silicon Valley Bank, one of the leading lenders to the tech sector, was shut down by …
NH biomass plant files for bankruptcy, terminates power contract …
WEBFeb 10, 2024 · NHPR. View of the Burgess Biopower station in Berlin, September 2023. A biomass power plant in Berlin has filed for Chapter 11 bankruptcy and terminated its …
Austin Startup Accelerator Newchip Collapses Amid Bankruptcy …
WEBMay 15, 2023 · Austin Startup Accelerator Newchip Collapses Amid Bankruptcy Case, Takeover Attempt | ABI. Monday, May 15, 2023. Article Tags: Claims. Bankruptcy …
Silicon Valley Bank shut down in the biggest collapse since
WEBMar 10, 2023 · Silicon Valley Bank, one of the tech sector’s favorite lenders, is shutting down. The California Department of Financial Protection and Innovation said Friday that …
New semiconductor plants will end global auto chip shortage next …
WEBSeptember 24, 202110:48 AM PDTUpdated 3 years ago. TURIN, Sept 24 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk said on Friday that thanks to new semiconductor plants …
Plans to Expand U.S. Chip Manufacturing Are ... - The New York …
WEBFeb 19, 2024 · In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in …
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 …
Silicon Valley Bank collapse: Treasury, Fed and FDIC ... - ABC …
WEBMar 12, 2023 · Silicon Valley Bank, the 16th largest bank in the country, failed on Friday and was taken over by the FDIC, after a run on the bank Wednesday and customers …
Samsung Doubles Down on Texas as U.S. Chip Center - WSJ
WEBApr 5, 2024 · Samsung Doubles Down on Texas as U.S. Chip Center. South Korean firm ramps up investment to $44 billion for hub near Austin making advanced …
Shilo Sanders files for bankruptcy: Colorado DB's debt stems from ...
WEB2 days ago · The petition for relief -- which was filed under Chapter 7 in Colorado's Bankruptcy Code -- states Sanders is on the hook for $11.3 million stemming from a …
Mall retailer hits Chapter 11 bankruptcy snag, risks liquidation
WEBExpress has received a commitment for $35 million in new financing from certain of its existing lenders, subject to court approval. Additionally, on April 15, 2024, the Company …
More big-name restaurant chains consider bankruptcy, liquidation
WEB21 hours ago · Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. ... Stocks Under $10 What's New. ... has been legally …
Abrupt shutdown of financial middleman Synapse has frozen
WEBMay 22, 2024 · The scale of Synapse's disruptions could widen. Synapse, in court documents, estimates that before it filed for bankruptcy it had roughly 100 customer …
Will AMD Reach a $1 Trillion Market Cap by 2030? | Nasdaq
WEB2 hours ago · AMD's path to $1 trillion. Given the $275 billion market cap, doubling that amount 1.9 times would take the market cap just above $1 trillion. For that to happen, …
Student-Loan Company 'Illegally' Collected Borrowers' Payments: …
WEB1 day ago · A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances were already wiped out through bankruptcy, a federal …
WeWork Cleared to Exit Bankruptcy After Neumann Ends Buyout …
WEB2 days ago · Listen. 2:52. WeWork Inc. won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the …
1 New Reason to Consider Buying Tilray Brands Stock, and 1 …
WEB20 hours ago · Current Price. $1.80. Price as of May 31, 2024, 4:00 p.m. ET. There's now a silver lining to the latest setback. Just when things seemed like they might be looking up, …
WeWork set to emerge from bankruptcy - BBC
WEB2 days ago · The plan approved in a New Jersey bankruptcy court on Thursday also eliminates $4bn (£3.1bn) worth of the firm's debt, and reduces WeWork's future rent …
Will Biden reap benefit of growth in North Carolina and beyond?
WEBMay 26, 2024 · Updated 12:08 AM PDT, May 27, 2024. SILER CITY, N.C. (AP) — At the epicenter of President Joe Biden’s promised economic boom, a slow tractor can still halt …
Adam Neumann Gives Up on Buying Back WeWork - The New …
WEB4 days ago · His new real estate company, Flow, which is backed by Andreessen Horowitz, the venture capital firm, offered more than $500 million. The plan was to buy WeWork or …
China is 'doubling down' on chip investment with $47.5B Big …
WEB5 days ago · China is ‘doubling down’ on local chip development with a new $47.5 billion fund: ‘The size of the fundraising speaks for itself’. BY Lionel Lim. May 28, 2024, 2:57 …
Stock Market News, May 28, 2024: Dow Falls to Start Week, …
WEB4 days ago · The blue-chip Dow retreated, while the Nasdaq rose to its 12th record close of 2024. Read the day's full markets roundup here. Hess shareholders voted to approve …
What to know about the spectacular collapse of Silicon Valley …
WEBMar 10, 2023 · Justin Sullivan/Getty Images. A bank that caters to many of the world's most powerful tech investors collapsed on Friday and was taken over by federal regulators, …
Tech giants form an industry group to help develop next-gen AI …
WEB2 days ago · Revenue from AI chips will hit $33.4 billion by 2025, meanwhile, projects Gartner. Google has custom chips for training and running AI models, TPUs and Axion . …
China Creates $47.5 Billion Chip Fund to Back Nation’s Firms
WEB6 days ago · The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state …
Modular, scalable hardware architecture for a quantum computer
WEB3 days ago · Multiple chips could be connected using optical networking to create a large-scale quantum communication network. By tuning qubits across 11 frequency channels, …
Michelle Yeoh and Juyeon Hit Shanghai for Balenciaga Spring …
WEB1 day ago · June 1, 2024 1:05pm. Michelle Yeoh and Juyeon at Balenciaga's Spring 2025 collection in Shanghai. Courtesy of Balenciaga. Amid pouring rain, Demna Gvasalia’s …
STMicro to Build €5 Billion Plant in Italy with EU Chips Act Aid
WEB2 days ago · 1:25. STMicroelectronics NV said it plans to spend €5 billion ($5.4 billion) on a manufacturing plant for chips and packaging in Catania, Italy in a multi-year project …
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