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China’s semiconductor dream takes a hit as local authority takes over ‘nightmare’ Wuhan factory

Summary:
[unable to retrieve full-text content]A cash-strapped Chinese semiconductor factory described by its former chief executive as a “nightmare” has been taken over by the Wuhan government in a setback for China’s pursuit of chip autonomy.According to the latest corporate registration records compiled by Chinese data site Tianyancha, Wuhan Hongxin Semiconductor Manufacturing Company (HSMC) has been taken over by the municipal government in the central Chinese province of Hubei.This follows months of delays in the construction of its…

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[unable to retrieve full-text content]
A cash-strapped Chinese semiconductor factory described by its former chief executive as a “nightmare” has been taken over by the Wuhan government in a setback for China’s pursuit of chip autonomy.According to the latest corporate registration records compiled by Chinese data site Tianyancha, Wuhan Hongxin Semiconductor Manufacturing Company (HSMC) has been taken over by the municipal government in the central Chinese province of Hubei.This follows months of delays in the construction of its…

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