Satellite communications company Microelectronics Technology Inc. (MTI) reported negative net worth of NT$244 million (US$7.42 million), a 109% debt ratio, and a 65% current ratio for the third quarter of 2026, as 5G open radio access network (Open RAN) and low Earth orbit (LEO) satellite businesses failed to develop as expected. With approval from the Taiwan Stock Exchange (TWSE), MTI suspended stock trading on November 9 and is pursuing a private placement to raise capital and improve its financial structure.
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