German Foundry Faces Bankruptcy

An insolvency administrator in Germany is deciding the fate of an Lfoundry fab in Landshut. Lfoundry acquired the fab from Japanese chip maker Renesas in 2008, a move the administrator has criticized since it effectively let Renesas off the hook for severance payments to German workers. Another Lfoundry fab in France is also affected by the bankruptcy proceeding.

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1/25/2013 9:53 PM EST

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