Chinese chip start-up Xiangdixian collapses amid cash crunch and legal woes

Quick Summary:

Chongqing-based Xiangdixian has dissolved the company and terminated the contracts of nearly 400 employees, according to Chinese media reports.

Its Tianjun series GPUs have successfully achieved research and development as well as mass production goals, Xiangdixian said in a post on WeChat on August 20.

New government funds are still being formed as China continues to drum up support and subsidies for the domestic chip industry.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Xinmei Shen

Category: Technology

Markets: Hong KongChina

Topics: Yuan Registered Chinese Semiconductor Capital Xiangdixian Chip Domestic Company Start-up Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 13:55:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22319121

View Article Analysis

About SCMP

Main Topics: Technology

Official Website: scmp.com

Update Frequency: 1 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 days ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #41

Publisher Details

Frequently Asked Questions