News Award-winning Chinese processor design company Huaxia Chip files for bankruptcy — firm’s CPU, DSP, GPU, and AI processor IPs in limbo

[Admin]

Huaxia Chip was a rising star among China’s original computer processor intellectual property (IP) designers. However, despite the voracious appetite for all-things IT, the company is now bankrupt and will be liquidated.

Award-winning Chinese processor design company Huaxia Chip files for bankruptcy — firm’s CPU, DSP, GPU, and AI processor IPs in limbo : Read more

 

[gg83]

What award? Lmao! Biggest money dump?

 

[ivan_vy]

looks like more like a management problem and not a tech problem. someone mismanaged their resources, it's not enough to be an award winning leader, need to stay on top and survive as a company.

 

[thisisaname]

There is a lot going on here and we are likely not going to hear all of it.

Odd it won awards in 2020 but became very quite in 2018, some things does not add up with that.

This looks very political.

 

[artk2219]

There is a lot going on here and we are likely not going to hear all of it.

Odd it won awards in 2020 but became very quite in 2018, some things does not add up with that.

This looks very political.

Agreed, it looks like they made an enemy of someone and it came crashing down on them.

 

[jackt]

do china have IP laws ?

 

[bit_user]

Reminds me of the promising Japanese supercomputing company, PEZY Computing. From Wikipedia:

"In 2015, computers using PEZY processors occupied the top 3 slots on the Green 500 supercomputer list ...

In December 2017, PEZY President Motoaki Saito, and PEZY employee, Daisuke Suzuki, were arrested on a charges of fraud – that is – padding expenses claims to Japan's New Energy and Industrial Technology Development Organization (NEDO) to the amount of $3.8 million. In January 2018, further criminal activity was reported as being under investigation by the Tokyo District Prosecutor's Office – that is a further ¥191 million extracted illegally as subsidies. In July 2018 Daisuke Suzuki received a suspended prison sentence of three years, for his involvement in the fraud - was found to have played a minor associative role to Saito."
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I think the supercomputing sector (particularly in Japan) is heavily government-subsidized, making it somewhat ripe for fraud. It's a real shame, because it seemed like they had some good tech, too!

I wonder if the semiconductor industry in China is also a popular target for fraudsters, for similar reasons.