China’s semiconductor industry is facing a resurgence of unfinished projects as smaller companies go bankrupt, reports the China Times. Recent insolvencies, such as that of Shanghai Wusheng Semiconductor, have raised concerns about widespread closures. Additionally, the market has seen 23 semiconductor companies withdraw their IPO applications since last year, which reflects growing investor caution.
The trend of unfinished semiconductor projects initially started in 2020 and over 10,000 of Chinese chip-related companies had to close their doors in 2021 – 2022. A record-breaking 10,900 semiconductor-related companies deregistered in 2023, a significant increase from the 5,746 companies that closed down in 2022.
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