DS2, one of two chipmakers who have announced plans for G.hn chips has entered the Spanish equivalent of chapter 11 bankruptcy procedure.
Clearly, DS2 is a good candidate to be purchased with a reported $20 million in sales in 2008. But with a rumoured $30M in debt, it will be a challenge to find the right buyer.
DS2 has previously promised G.hn chips for Q3 2010. Assuming DS2 did not spend IBM's loan of $2M on launching the chip, it is hard to imagine a bankruptcy judge approving this investment while DS2 is in chapter 11 bankruptcy procedure.