Lidar manufacturer Luminar files for Chapter 11 bankruptcy and says it reached a deal to sell its semiconductor subsidiary to Quantum Computing Inc. for $110M (Reshmi Basu/Bloomberg)

Reshmi Basu / Bloomberg:
Lidar manufacturer Luminar files for Chapter 11 bankruptcy and says it reached a deal to sell its semiconductor subsidiary to Quantum Computing Inc. for $110M  —  Luminar Technologies Inc, which manufactures laser-based sensors for cars, filed for bankruptcy shortly after it lost a contract with Swedish carmaker Volvo AB.

from Techmeme https://ift.tt/9XK31T7