DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
January 20, 2021 
Main Menu
News archives

Who's Online
There are currently 163 people online.


Latest Reviews
ASUS ROG Strix B450-F Gaming Motherboard
Sonos Move
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse

Follow us

Chinese foundry HSMC runs out of money

Posted on Wednesday, November 25 2020 @ 12:41:23 CET by

TweakTown reports Wuhan Hongxin Semiconductor Manufacturing Company (HSMC) is now insolvent. Last year we wrote HSMC was working on 14nm and 7nm technology but a couple of months ago rumors popped up about financial issues. The former CEO of the ambitious startup explains on LinkedIn that they ran out of money:
Ex-CEO and head of R&D of HSMC, Chiang Shang-yi, told EE Times over a LinkedIn message: "Investors ran short of cash. I got caught by surprise. It's over now, and I'm back home in California".
HSMC had plans for a $20 billion plant but the coronavirus pandemic, the US-China trade war and funding shortages resulted in failure. HSMC is now under the control of the state assets supervision and administration commission for the Dongxihu district government in Wuhan.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2021 DM Media Group bvba