On August 28th, it was reported that BelGaN, a well-known European semiconductor chip manufacturer, filed for bankruptcy at the end of July, and about 440 employees of the company's headquarters in Odernard, East Flanders, Belgium, are facing unemployment.

BelGaN is a gallium nitride (GaN) semiconductor foundry located in Odernard, East Flanders, Belgium. Recently, it announced bankruptcy filing and 440 employees are facing unemployment. The company has over 30 years of technological accumulation in the field of automotive semiconductor production and has made significant progress in gallium nitride technology.

The company once took over the production and research and development facilities of silicon and gallium nitride (GaN) chip technology located in Odernald from Onsemi. However, future oriented technology investments did not bring success to the company, and most importantly, there was not enough cash flow, so BelGaN had to file for bankruptcy.

BelGaN was originally established by MIETEC in 1983, and after multiple acquisitions and reorganizations, it began to focus on the research and development of gallium nitride technology in 2009. Despite the company's technological success, its commercialization process has encountered financial difficulties. The company was unsuccessful in seeking additional investment, resulting in a shortage of cash flow. Meanwhile, global supply chain tensions and geopolitical factors have intensified its operational pressure, ultimately forcing the company to file for bankruptcy protection.

Despite BelGaN's technological achievements, its commercialization process has encountered financial difficulties. The company was unsuccessful in seeking additional investment, resulting in a cash flow shortage. Coupled with global supply chain tensions and geopolitical impacts, it intensified operational pressure and ultimately had to apply for bankruptcy protection.

At present, BelGaN has received bids from multiple potential acquirers, including a Swedish Finnish consortium offering approximately 130 million euros in the name of 7 Semiconductors Oy.

In addition, Guido Dumarey, the former owner of BelGaN and Belgian entrepreneur, has also shown interest in purchasing, but the specific offer has not been disclosed.

*Disclaimer: The above content is reproduced on the WeChat official account of the semiconductor industry circle, which does not represent the views and positions of the company, but only for exchange and learning. If you have any questions or objections, please contact us.