Wuhan chip maker HSMC once bragged it could challenge China’s national chip champion SMIC, but three years after being formally announced, the project has collapsed amid a string of false promises.
China’s semiconductors: How Wuhan’s challenger to Chinese chip champion SMIC turned from dream to nightmare
- Hopes that the HSMC facility could still proceed faded after more than 240 employees were asked to resign by March 5
- The failure of HSMC was a setback but it won’t deter China’s push for self-sufficiency in chips, according to analysts
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Wuhan chip maker HSMC once bragged it could challenge China’s national chip champion SMIC, but three years after being formally announced, the project has collapsed amid a string of false promises.
