Standard MEMS to liquidate

Nov. 15, 2002 — The case of Standard MEMS Inc., the Burlington, Mass.-based MEMS fab that sought Chapter 11 reorganization protection in September, has been converted to a Chapter 7 liquidation bankruptcy, according to court records.

The company was originally granted Chapter 11 protection in Delaware, the state in which it is incorporated. In mid-October, the case was transferred to Massachusetts in response to a motion filed by some of its creditors, including Kavlico Corp., Rite Track Inc., SAP America Inc., Unaxis USA Inc.

Records show that the case was converted to Chapter 7 in late October on the grounds that Standard MEMS’ remaining assets were underinsured and the value of its estate was eroding.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *


KLA-Tencor announces new defect inspection systems
07/12/2018KLA-Tencor Corporation announced two new defect inspection products at SEMICON West this week, addressing two key challenges in tool and process monit...
3D-Micromac unveils laser-based high-volume sample preparation solution for semiconductor failure analysis
07/09/2018microPREP 2.0 provides order of magnitude time and cost savings compared to traditional sample...
Leak check semiconductor process chambers quickly and reliably
02/08/2018INFICON,a manufacturer of leak test equipment, introduced the UL3000 Fab leak detector for semiconductor manufacturing maintenance teams t...