The liquidation of BelGan, Belgium’s last industrial chip manufacturer, ends on Thursday. On Friday, interested parties can still bid for a combination of lots. The liquidation has so far raised more than 20 million euros, which will be used to pay severance to employees.
BelGan, based in Oudenaarde, filed for bankruptcy in July. The company – formerly known as Mietec – worked on innovative gallium nitride-based semiconductors. It struggled during the COVID-19 pandemic and was deemed not profitable enough to stay open.
Potential buyers of BelGan did not make serious offers to restart the company, and at the time there was no Flemish or federal government to facilitate the process. So more than 400 employees lost their jobs and Belgium…
