Russia's largest chipmaker Angstrom-T declares bankruptcy

Angstrom-T, Russia's largest chip manufacturer, has recently declared bankruptcy due to its inability to repay debts of more than $9.9 million. The company was once a landmark enterprise in Russia and was highly expected by the country to become a leader in microchip production. However, in recent years, the company has fallen into a serious debt crisis, and the lack of funds has led to a worsening situation year by year. In the end, the court ruled it bankrupt due to its inability to repay loans.