fbpx

Type to search

China Microchip Firms Shutting Down at Record Rate – SCMP

From January to August 3,470 firms that included the word “chip” in in their brands or operations were deregistered, the South China Morning Post said


US AI chips restrictions
Semiconductors or computer chips are seen on a circuit board of a computer. Photo: Reuters

 

A record number of microchip-related Chinese firms went out of business in the first eight months of the year, The South China Morning Post reported the country’s domestic business registry service saying.

From January to August 3,470 firms that included the word “chip” in their title were deregistered, said the report, surpassing the 3,420 in the whole of 2021 and 1,397 in 2020.

 

Read the full report: The South China Morning Post

 

Read more:

US to Ban Export of Chips, Chipmaking Tools to China

Vedanta Picks Modi’s State for $20bn India Chips Plant

Apple to Use New TSMC Chip Tech in iPhones, Macs – Nikkei

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

logo

AF China Bond