From January to August 3,470 firms that included the word “chip” in in their brands or operations were deregistered, the South China Morning Post said
A record number of microchip-related Chinese firms went out of business in the first eight months of the year, The South China Morning Post reported the country’s domestic business registry service saying.
From January to August 3,470 firms that included the word “chip” in their title were deregistered, said the report, surpassing the 3,420 in the whole of 2021 and 1,397 in 2020.
Read the full report: The South China Morning Post
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Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India’s economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.
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