The wave of chip company closures has come after an investment frenzy by China’s public and private sectors in the past two years. Photo: Shutterstock
The wave of chip company closures has come after an investment frenzy by China’s public and private sectors in the past two years. Photo: Shutterstock

Tech war: record number of Chinese chip firms going out of business in sign of Beijing’s sputtering self-sufficiency drive

  • As many as 3,470 firms – including those that use the Chinese word for ‘chip’ in their brands or operations – deregistered between January and August
  • That number surpassed the 3,420 such firms that closed in 2021 and the 1,397 that went defunct in 2020

The wave of chip company closures has come after an investment frenzy by China’s public and private sectors in the past two years. Photo: Shutterstock
The wave of chip company closures has come after an investment frenzy by China’s public and private sectors in the past two years. Photo: Shutterstock
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