Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users.

Tsinghua Unigroup has been forced into restructuring under China's bankruptcy law, kicking off a process that could pave the way for the introduction of strategic investors like Alibaba.

As a result, without any products to sell and missing the crucial 5G transition revolution, we expect ZTE, a publicly traded company on the Hong-Kong and Shenzhen Stock Exchanges, to file for bankruptcy in the next few weeks.

Takata Corp. is poised to drop after the embattled airbag maker was said to be planning to file for bankruptcy, paving the way for a sale of the 84-year-old Japanese company behind the biggest safety recall in automotive history.

Toshiba's business partners are preparing for a scenario in which the company seeks to reorganize under Japanese bankruptcy laws, with consequences for the global nuclear-power and electronics industries.

EDA firm ATopTech has filed a voluntary petition under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware.

In a surprise announcement, Swedish mining firm KnC Miner said today that it is filing for bankruptcy, citing Bitcoin block reward halving and competition from Chinese hardware companies.

Subsidaries of China-based polysilicon and PV module manufacturer LDK Solar have been forced into bankruptcy proceedings in China only shortly after the parent company, formerly listed in the US, exited bankruptcy proceedings of its own.

Pantech, which has been in court receivership since August last year, has signed a memorandum of understanding with the Seoul Central District Court's approval for a possible merger and acquisition with a consortium led by South Korean optical disc drive (ODD) manufacturer Optis on June 16.

Failing to find viable buyers, the debt-ridden South Korean smartphone-maker Pantech has decided to end court receivership.

The venture-backed Bitcoin startup CoinTerra has filed for bankruptcy, making it the second major miner manufacturer to do so in recent months.

Apple and GT Advanced fought to keep key documents related to their sapphire agreement out of the public eye after the latter company filed for Chapter 11 Bankruptcy protection, but earlier this week, a judge ruled that the documents did not contain trade secrets or confidential information, and would thus be largely unsealed.

GT Advanced Technologies Expects to continue "business as usual" with about US$85 million of cash on the balance sheet and plans to obtain debtor-in-possession financing.

Germany-based Conergy and Gehrlicher Solar filed for insolvency in the past week, while Hawaii-based Hoku also filed for bankruptcy protection.

Eastman Kodak has agreed to sell document-imaging assets to Japanese office-equipment company Brother Industries for about US$210 million, setting the minimum bid for an auction.

Elpida's main bankruptcy proceeding is being handled by a district court in Tokyo, but Christopher Sontchi, the Delaware Bankruptcy Court judge overseeing Elpida's parallel US case, said the company was taking a risk by not keeping creditors better informed.

Elpida Memory, the bankrupt Japanese chipmaker being bought by Micron Technology, will get JPY280 billion (US$3.5 billion) in support from the US company, the Asahi newspaper said.

Problems at two Japanese microchip makers highlight the potential dangers in a gathering effort to reshape the country's tech industry, as struggling conglomerates try to revive their fortunes by shedding unprofitable businesses.

"People are starting to position bankruptcy filing as a way to rebuild the company, and that's becoming more acceptable," says Mitsushige Akino, a chief fund manager at Ichiyoshi Investment Management. "If more cases like JAL emerge, it will help to revitalize the Japanese market, as well as the economy."

The selection process for a sponsor to support the rehabilitation of Elpida Memory has reached its final stage. Micron Technology, SK Hynix and a consortium of US and Chinese investment funds are expected to participate in the second round of bidding, which will likely wrap up Friday.

Toshiba will not participate in the second round of bidding for failed chipmaker Elpida Memory, the Sankei Shimbun reported in its Tuesday morning edition.

Hynix Semiconductor has submitted an initial proposal to bid for Elpida Memory, the Japanese chipmaker that filed for bankruptcy last month. Hiynix said in a regulatory filing that it will decide whether to make a final bid after due diligence.

Elpida Memory has filed court papers in US Bankruptcy Court in Wilmington, Delaware, listing more than US$1 billion in assets and debt. It asked the court to recognize the Japanese case as the main bankruptcy proceeding.

Hynix Semiconductor said the chip industry is set to recover from the second half of this year as the prices of DRAM chips have been rebounding following news of Japanese chip maker Elpida Memory's bankruptcy protection filing late last month.

Japan's Sumco is in final talks with a turnaround fund backed by the country's major banks to raise JPY15 billion (US$186 million) by issuing preferred shares, a source familiar with the deal said on Thursday.

Hitachi has sold all 12.8 million shares of Elpida, spokesman Yuichi Izumisawa said by phone today, confirming an earlier Nikkei report.

Elpida Memory, which filed for bankruptcy protection on Monday, intends to draw up a rehabilitation plan within six weeks, the Nikkei reported.

The administrator of insolvent German chipmaker Qimonda is requesting EUR1.7 billion (US$2.23 billion) from its former parent Infineon , claiming Qimonda paid Infineon for a business in 2006 that was negative in value.

Two Eastman Kodak directors resigned from the board last week, the struggling photography company said in a filing with regulators on Tuesday.

This week Solon became the first publicly traded solar-power company to file for bankruptcy in Germany. Despite cost-cutting and a round of last-minute negotiations, the Berlin-based photovoltaic equipment maker can't make its deadline to repay ??75 million in loans.

Eastman Kodak is weighing options including a bankruptcy filing because of concerns raised by possible buyers of its patent portfolio, said three people with direct knowledge of the process. Kodak confirmed that it hired Jones Day to advise it on considering options, and said it doesn't plan to seek bankruptcy protection.

Shares of Eastman Kodak dropped almost 60% Friday, with trading halted several times amid rumors that the camera maker has hired a law firm for advice on a major restructuring or bankruptcy filing. The company later denied that is planning bankruptcy moves.

None of the companies involved in the bidding have publicly disclosed their participation. But those patents are likely what Apple is most interested in, since it's rumored that a "Verizon iPhone" will come with LTE support.

Infineon Technologies was sued by the insolvency administrator of Qimonda who filed an action in a Munich court seeking a liability judgment for an unspecified amount.

But net sales for its third fiscal quarter ended September 26, 2010 grew to US$307.6 million, from US$255.7 million in the prior quarter and US$327.6 million a year ago.

The company's US subsidiaries, Qimonda North America and Qimonda Richmond, have acknowledged the parent's ownership of over 800 patents and patent applications and abandoned claims of over US$2.1 billion against Qimonda. "We will now put all our efforts into continuing to exploit the patent portfolio by licensing and selling individual packages," said Qimonda insolvency administrator Michael Jaffe.

Spansion stayed in Chapter 11 four plus months longer and lost more market share than planned. On the positive side, business is up for Spansion and its rivals.