Just one year after upgrading to a larger headquarters facility, Enuclia Semiconductor closed its doors.
Just one year after upgrading to a larger headquarters facility, Enuclia Semiconductor closed its doors. The high-tech startup, which built computer chips for high-definition televisions, suffered a fatal blow after an undisclosed key investor pulled out of a $14 million investment involving two other venture capital firms at the last moment. Chip Burczak, president of Enuclia, says he feels uncertain about the future of high-tech startups in Oregon, saying that although talent exists, the money to fund the startups doesn’t. Brisk competition and rapid transitions in HDTV technology prove difficult for small cash-strapped companies, says Burczak. Enuclia laid off 53 workers, liquidated and transferred its assets to a secure creditor that will try to recover as many of the assets as possible.
Have an opinion? E-mail [email protected]
