Former flexible display unicorn Royole Technology has recently been plunged into a new crisis, after 37 million yuan ($5.3 million) in assets were frozen by a local court.
Flexible display maker Royole Corporation started a round of layoffs on Wednesday. This is the first round of large-scale layoffs at the company since it fell into a capital shortage crisis.
A number of employees from Royole, a flexible display developer in China, told local media outlet on Thursday that, as of Friday night, they had received all the wages they were previously owed.
Shenzhen-based rollable display developer Royole, which once had a valuation of more than 50 billion yuan ($7.8 billion), was reported to have a shortage of funds and faced arrears in its employees' salaries.
सम्झौताको भागको रूपमा, सीआईओटीले कम्पनीको व्यापारिक रोबोटको उत्पादनको लागि रोयलल कर्पोरेट, सेन्सर, हार्डवेयर र सफ्टवेयर एकीकृत समाधानको लचीला प्रदर्शन हुनेछ।
Sebagai bagian dari perjanjian, CIOT akan membeli dalam jumlah besar layar fleksibel, sensor, solusi terintegrasi perangkat keras dan perangkat lunak dari Royole Corporation untuk lini penuh robot komersial perusahaan.
Sebagai sebahagian daripada perjanjian, CIOT akan membeli paparan fleksibel, sensor, perisian dan penyelesaian integrasi perkakasan secara pukal dari Royole Corporation untuk rangkaian produk robot komersial syarikat.
Bilang bahagi ng kasunduan, ang CIOT ay maramihang bumili ng kakayahang umangkop na mga display, sensor, at integrated software at hardware solution mula sa Royole Corporation para magamit sa buong linya ng mga komersyal na robotics ng kumpanya.
চুক্তির অংশ হিসাবে, সিআইওটি কোম্পানির বাণিজ্যিক রোবট পুরো লাইন পণ্যগুলির জন্য Royole Corporation থেকে নমনীয় প্রদর্শন, সেন্সর, হার্ডওয়্যার এবং সফ্টওয়্যার ইন্টিগ্রেশন সমাধান ক্রয় করবে।
समझौते के हिस्से के रूप में, CIOT कंपनी के वाणिज्यिक रोबोटिक्स उत्पादों की पूरी श्रृंखला के लिए रॉयोल कॉर्पोरेशन से लचीले डिस्प्ले, सेंसर, सॉफ्टवेयर और हार्डवेयर एकीकृत समाधान की खरीद करेगा।
As part of the agreement, CIOT will purchase flexible display screens, sensors, software and hardware integration solutions from Royole Corporation in batches for the whole line of commercial robot products of the company.
Chinese flexible display maker Royole has delayed paying salaries to employees for months after the money-losing company ditched its initial public offering (IPO) plan in Shanghai's Nasdaq-like STAR Market in February.
A foldable-screen smartphone has been talked about for quite some time now. According to digitaltrends, South Korean manufacturer Samsung has been working on foldable displays for years and Galaxy X has been involved in discussions.
