An Illustration picture of semiconductor chips on a circuit board.
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
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