by Jordi Bercial 1 hour ago …

HSMC, another of TSMC’s Chinese rivals, is one of the last falls of the technological world where the war to achieve advances in the different nodes of Manufacturing has scaled operating costs to figures that the company has not been able to bear. According to Chiang Shang-yi, former CEO of the company, investors ran out of money, and he mentions that all this has caught him by surprise.

As of today, the Wuhan municipal government has taken control company , which until now was controlled in a 90 percent by Beijing Guangliang Lantu Technology , with the remainder being owned by the Dongxihu District Government.

In this way, the company’s assets, among which a half-built manufacturing plant is found, come under the supervision and administration of the Dongxihu District Government.

For now it is unknown if HSMC will operate again under the supervision and control of the Chinese government , something that could be frowned upon in areas such as the United States, from where multiple problems and restrictions have arisen due to suspicions about military use or possible espionage generalized through the chip s made in China.

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Jordi Bercial

Avid technology and electronics enthusiast . I mess around with computer components almost since I learned to ride. I started working at Geeknetic after winning a contest on their forum for writing hardware articles. Drift, mechanics and photography lover. Don’t be shy and leave a comment on my articles if you have any questions.