Mass bankruptcies in China’s semiconductor industry jumped in 2022, sparked by U.S. sanctions and China’s economic downturn, which will make it difficult for China’s chip sector to recover, experts say.
As many as 5,746 Chinese chip companies were deregistered in 2022, a 68 percent increase from 3,420 in the previous year, Chinese media Titanium Media App reported on Feb. 16. That’s about 15 chip companies every day, on average.
