Huaxia Chip became a sinking star
Huaxia Chip It was an initiative that started out years ago with independent processor, artificial intelligence engine, graphics unit and digital signal processor designs. The startup, which focuses on robotics, Internet of Things and cloud computing, was also deemed worthy of chip design awards in 2020.
Although it is thought that the US embargoes had an impact, the initiative has been in stagnation since 2018. In some court documents, it is seen that managers were punished for their unethical behavior. There is also a bankruptcy case filed against him.
Sources think that the scandal of Chinese businesses resorting to deceptive methods such as fictitious production or exports in order to attract funds once supported by the government also affected this initiative. It can be cited as an important example of the disruption caused by the Chinese government, which lavishly distributes billions of dollars in incentives to chip startups.
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