Bankruptcy Storm Engulfs China's Chip Industry: 19,000 Companies Collapse, 30 Disappear Each Day
Bankruptcy Storm Engulfs China's Chip Industry: 19,000 Companies Collapse, 30 Disappear Each Day
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In recent developments, Chinese chip enterprises are experiencing an unprecedented wave of closures. As of December 11, 2023, approximately 10,900 chip-related businesses in China have been deregistered or had their licenses revoked, with over 5,700 closures occurring in 2022 alone. The year 2023 has seen a sharp increase in the number of Chinese chip company closures, averaging about 30 closures per day.
