chip designer
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Chipsource, a Major Chinese Semiconductor Company, Collapses: Months of Unpaid Salaries and Zero Compensation Layoffs – HR Admits “We Won’t Pay”
Reports indicate that Nanjing-based chip designer, a DPU leader, is facing severe financial difficulties. Allegations from former and current employees include unpaid salaries, uncompensated layoffs, and withheld bonuses, starting in March. The company’s 2023 plan to spin off EDA and DPU operations, coupled with high R&D costs, and equity pledges in April 2024, may be contributing factors.
