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China chip sector sees 14,000 closures in 2024 amid industry reshuffle

Amanda Liang, Taipei; Charlene Chen, DIGITIMES Asia 0

Credit: AFP

The Chinese chip market faces severe challenges during the semiconductor industry's down cycle, with 14,648 chip companies shutting down in 2024. However, the entrepreneurial spirit remains resilient, as evidenced by 52,401 new registrations in the...

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