US components manufacturer Fountain Technologies has filed for Chapter 11 and named Intel as one of its biggest creditors.
Fountain owes the chip giant more than $13.2 million, according to records at the Southern District of New York Bankruptcy Court. Other creditors include Microsoft, owed $4 million; AMD, $3.7 million; Maxtor, $2.6 million; and Nvidia, $2.1 million.
The New Jersey company filed for Chapter 11 on 10 August, with debts of between $30 million and $50 million. It provides development work for Intel, and around 40 per cent of the components used by PC maker Quantex in the UK.
Intel was today unwilling to discuss the $13 million debt. "We don't comment on the relationship we have with suppliers or customers," said one Intel representative. ®