News Major Chinese semiconductor company goes bankrupt — 23 others recently withdrew IPO applications

[Admin]

Following a collapse of a $3 billion IDM project, doubts are growing about the prospects of China's chip industry.

Major Chinese semiconductor company goes bankrupt — 23 others recently withdrew IPO applications : Read more

 

[KraakBal]

"Oh no! Anyway.."
- Jeremy Clarkson

 

[Joseph_138]

This makes the invasion of Taiwan more urgent for China.

 

[TechLurker]

And yet China is still determined enough to try again, with another "Big Fund 2.0" going out. Although supposedly, China is going to more tightly vet the applicants before giving them the money. We'll see how long that lasts before corruption takes hold and most of those applicants go bankrupt with nothing to show for it.