************************ Re: Efabless and Silicon Valley Bank*********************************
<!channel> To our community, customers and partners:
Many of you may have read about the failure of Silicon Valley Bank (SVB) on March 10 (yesterday). SVB has been our primary bank and we, like many others, were affected. The good news is that we have another banking relationship where we have kept funds, including for unforeseeable โcontingenciesโ. As such, we are continuing with business as usual.
We will update you as we get more information on this situation.
Regards
Mike Wishart
CEO, Efabless
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