Chip manufacturer BelGan taken over by European investor
A European investor takes over the bankrupt chip manufacturer BelGaN.
Published on April 2, 2025
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A European investor has taken over the bankrupt chip producer BelGaN. This was reported by VRT NWS. The identity of the buyer is still unknown. What is clear is that an advance payment of €2 million has been made and that there are plans to invest up to €250 million.
Focus is on photonic chips
The new owner wants to focus on photonic chips, which differs from BelGaNs previous plans to make gallium nitride-based chips. These photonic chips are specifically intended for applications in data centers, artificial intelligence and the automotive industry. According to the curator, a concrete business plan is ready for a restart, which could involve up to 500 people.
The commercial court has already approved the sale of the building in Oudenaarde, which has two large clean rooms and is therefore also suitable for the production of the new type of chips.
In addition to the European party, Chinese and Indian companies have also shown interest, but no details of their bids have been disclosed.
Bankrupt in 2024
BelGaN filed for bankruptcy in early July 2024 due to financial difficulties. The company got bogged down by the high investment costs for the switch to gallium nitride chips.
