Russian Chipmaker Baikal Goes Bankrupt, Assets Valued at Only $5M

Bankruptcy's for larger companies like this dont always mean End Of Line. Firstly who were its debtors and investors? If overseas's this could be a way of losing them. Sanctions is cited, and old tech, so again, is this just a chance to offload old tech, whilst creating an opportunity for a joint Russian/Chinese tie up? Both are being sanctioned by the US, so there is a common cause to be had and the Chinese are ramping up their "Taiwanese" chip production.