Record number of Chinese chip firms go bust – media ...News

The trend stems from the effects of the pandemic and tensions between Beijing and Washington, the South China Morning Post has reported A record number of Chinese semiconductor companies have gone out of business between January and August of this year, the South China Morning Post reported this week, citing data from the business database platform Qichacha. According to the report, some 3,470 “entities that use the Chinese word for ‘chip’ in their registered names, brands or operations” deregistered in the reporting period. That number surpasses the 3,420 that closed in 2021. In 2020, only 1,397 chip-making firms

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