MHS Electronics in receivership
December 16, 2008 //
MHS Electronics, a privately held electronic component and systems maker near Nantes, France, announced the opening of insolvency proceedings at the Commercial Court of Nantes on Dec. 5, 2008.
PARIS MHS Electronics, a privately held electronic component and systems maker near Nantes, France, announced the opening of insolvency proceedings at the Commercial Court of Nantes on Dec. 5, 2008.
MHS Electronics said the Commercial Court of Nantes decided on Dec. 10, 2008, to put the company into receivership for a six-month observation period so as to consider a recovery plan. The plan will be defined with the help of an official receiver appointed by the Commercial Court so as to help the company overcome this difficult period.
The year 2008 was tough for MHS. Due to a 20-percent decline of activity, the company took some measures to reduce costs in July. This plan consisted in the suspension or the cessation of some research programs and the implementation of a synergy and efficiency program with the other entities of the group.
Although those measures have borne fruits, they could not suffice. The uncertainty of the worldwide market, the lack of visibility for 2009 and a tight cash flow indeed encouraged MHS to open insolvency proceedings, the company indicated.
MHS Electronics, a subsidiary of the French MHS Industries holding company, is a silicon foundry provider of specialized analog and mixed-signal technologies.
In December 2005, French group XbyBus acquired Atmel Fabrication SAS on the production site of La Chantrerie, near Nantes, and created MHS SAS (Micro components High Security). To preserve its flexibility and break with Atmel's business model based on large volumes, the company focused on groundbreaking technologies.
Since the acquisition of the Atmel Nantes Fabrication SAS, and of the Zarlink Analog Foundry activities in Swindon, UK, in March 2008, the company is composed of
Harman continues shopping spree with two software takeovers
January 26, 2015
Infotainment giant Harman International has signed takeover agreements with Red Bend Software and Symphony Teleca. The investment ...
Pinpointing perovskite's ability to produce cheaper solar energy
Nanostructures key to organic solar cell efficiencies?
Essess completes Street View with IR heat maps
Technology available, application wanted
Open source to flood IT in 2015
January 23, 2015
Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute, predicts that the next two years will see the majority ...
Asia leads automotive innovation
Samsung, Apple dominated chip buying in 2014
French startup expands 3D to the room
- Sensing Elements for Current Measurements
- Investigating Die attach Failure in IGBTs using Power Cycling Tests
- Power Semiconductor Failure Diagnosis using Thermal Characterization and Power Cycling
- Top 5 Trends in Product Development and Test Engineering
InterviewCEO interview: Bosch's IoT startup is all about the system
Thorsten Mueller, CEO of Bosch Connected Devices and Solutions GmbH (Reutlingen, Germany), has been guiding the latest startup subsidiary of Robert Bosch GmbH since 2013 when he started the initiative ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
To ensure you have a good start in 2015, Freescale is giving away five of its QorIQ TWR-LS1021A Tower system modules, worth USD269 each, for EETimes Europe's readers to win.
The module is the most feature-rich and high-performance Tower system offered by Freescale, enabling compatibility and interoperability with the growing list of Tower expansion modules, offering an easily accessible...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.