CHINA-TECHNOLOGY: HONGXIN SEMICONDUCTOR MANUFACTURING CO. LTD. ENVISAGED AS A HOMEGROWN CHIP MANUFACTURER TO CHALLENGE THE WEST CLOSES DOWN
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The Hongxin Semiconductor Manufacturing Co. Ltd. (HSMC), Located in an industrial park outside the city of Wuhan and which was meant to become a $19.8 billion showcase homegrown microchip industry producing cutting-edge chips using 14- and 7-nanometer technology capable of challenging the West, has quietly closed down.
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