Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > Halt

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Comment by goldhunter11on May 16, 2016 11:32am

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Post# 24876954

RE:RE:RE:Halt

That is almost $1B, presumably ELD is using USD. For Greece they would need about the same amount of money to get them to production mode. Big bucks for a risky country/and labour force.

The reason they sold their China operation is (perhaps) only the Chinese has the cash to pay. Not too sure about their operations in Turkey, but Greece is a precarious case. IMO, it would be better to try to find some buyers, sell them all to get back some money. It's time to get back to Canada.
GH

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