Press "Enter" to skip to content

Troubled chip maker in Wuhan taken over by local government in setback for China’s pursuit for chip self-reliance

Last updated on November 19, 2020

A semiconductor startup based in Wuhan has been taken over by the local government amid funding shortages, in a setback for China’s efforts to achieve self-reliance in chip supplies amid intensifying US export controls.

Wuhan Hongxin Semiconductor Manufacturing Company (HSMC) has been taken over by the municipal government in the central Chinese province of Hubei, showed the latest corporate registration records compiled by Chinese business information site Tianyancha. 

The latest development comes after . . .

To continue reading, please subscribe and you will get:


  • ORIGINAL & DATA-DRIVEN STORIES - We focus on the most important business events and the key trends in China's economy and markets, with details that you don't see elsewhere.
  • THE WIRE - An all-in-one channel with real-time updates of market-moving news and views sourced via a network of journalists, traders, brokers, analysts, etc. and from multiple reliable news outlets in mainland China. Here are some screenshots of our wire service.
  • DATA  - We provide data, in particular high frequency data from government agencies, various research institutes and industry bodies to help you get timely and detailed understanding of what is going on in China's economy.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.


Don't Miss Our Summer Special Offer! 

FREE TRIAL cancel anytime

Already have an account? Sign In