Troubled Chinese semiconductor plant has ‘no plans’ to resume operations, 240 lose their jobs

Source: South China Morning PostHundreds of people are set to lose their jobs at a semiconductor manufacturing plant in Wuhan that was once touted as part of the country’s plans to become a self-sufficient chip maker, according to Chinese media reports.Employees at Wuhan Hongxin Semiconductor Manufacturing Co (HSMC) – intended as a US$20 billion state-of-the-art facility – were “asked to resign” by the end of play on Monday via a WeChat message, Caixin Media reported on Saturday.The factory, in central China’s Hubei province,…Read More

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