Turing suspends manufacturing, after struggling to deliver on smartphone orders for three years


Turing Robotic Industries has filed for bankruptcy in Finland and all of the company’s movable property has been seized, according to local media reports earlier this week. It allegedly owes its creditors nearly two million Euros. The smartphone company was founded by former Nokia employees in 2015 and received backing by Chinese investors, but has experienced a really rough three years trying to deliver on its promises.

In a Facebook post, Turing CEO Steve Y.L. Chao wrote that the recent news “may have sent an uneasy feeling to some of you.” But he said that Turing filed for bankruptcy in order to temporarily suspend its “manufacturing intentions” in Salo, Finland, where the phones are produced. “It doesn’t mean that TRI is bankrupt,”...

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