Get the latest tech news
Major Chinese semiconductor company goes bankrupt — 23 others recently withdrew IPO applications
Taiwan's media warns about the resurgence of failed semiconductor projects in China.
For example, Shanghai Wusheng Semiconductor, a maker of OLED display drivers, microcontrollers, and CMOS image sensors, founded in 2021 with an investment of around $2.48 billion, recently went bankrupt due to financial difficulties. Experts predict that higher listing standards will lead to more companies exiting the market due to financial challenges and increased difficulty in securing investment. Nonetheless, China's government continues to raise money for the sector and just recently it poured some$47.5 billion into its Big Fund III.
Or read this on r/technology
