AUGUST 2007: DISPATCHES
BEAVERTON
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.
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