In the we're not dead yet category...
PlasticLogic announced today that they're currently raising $700m in financing to build their second screen production plant in Zelenograd, Russia. Scheduled to open in 2 to 3 years, the new factory will employ over 300 people. Plastic Logic CEO Richard Archuleta said the company plan to make their displays in both the new Zelenograd factory and in Dresden, Germany, and produce second generation flexible plastic based screens for other device makers.
You might recall PlasticLogic as being the hot story from CES 2010 that disappeared by August. They were in an unfortunate position where perfecting their screen tech took just a little too long. Their ereader, the Que, was the first device to be killed by the iPad.
Actually, I'm a little amazed that they could get the funding. Given the economy, I wouldn't have thought it possible. Also, I recall that that Nemoptic, another screen tech company, folded because they couldn't borrow even a few million euros. And then there's Liquavista (but that story hasn't leaked yet).