‘China’s Nvidia’ Valued at $10 Billion Collapses Overnight! 400 Workers Jobless, Unpaid
Xiangdi Xian was a Chinese company focused on chip research and development. Over four years, it burned through 2.5 billion yuan. Recently, the company announced its complete dissolution, leaving over 400 people suddenly unemployed. Over the past two years, nearly every industry in China has faced a downturn, not just one or two sectors. If you're an undergraduate majoring in integrated circuits or microelectronics, it’s better to go for further studies now. We’re in an industry winter, and finding a job is very difficult.
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