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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Newchip entered into bankruptcy liquidation last week. 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 assets and $4.8 million in total liabilities, according to its filing.www.siliconhillsnews.com/2023/05/13/newchip-ent…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 was later converted to Chapter 7 liquidation by a bankruptcy judge.greyjournal.net/news/newchip-online-accelerator-fa…
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