Bankrupt Japan chipmaker JS Foundry stumbled by misjudging market, China
RYO MUKANO
TOKYO -- Miscalculations over sales, market conditions and Chinese rivals paved the way for the July 14 bankruptcy filing by JS Foundry, a government-backed contract manufacturer once positioned as a model for aging Japanese semiconductor plants.
The writing was on the wall in late June, when some employees at the company's sole plant -- in central Japan's Niigata prefecture -- reported that their pay had not been deposited.
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