Cubit Semiconductor begins winding-up proceedings after US sanctions

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Cubit Semiconductor Limited began winding-up proceedings after US sanctions, and provisional joint liquidators were appointed on 29 May 2024, The Irish Times reported on 30 May 2024.

The company had brought proceedings against AIB in May, claiming it was wrongly sanctioned and asking the bank to unfreeze its accounts.