We have reported on the struggles of LeEco to survive (LeEco Still Struggling to Survive) and now Truly Semiconductor has said that it will have to right off $71 million because of a doubtful debt from a Chinese smartphone company, reported to be LeMobile, the subsidiary of LeEco. The write off will mean a big drop in profits for Truly and on the news, the company’s share price was strongly impacted.
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