English => News => Topic started by: Redaktion on December 11, 2024, 20:36:04
Title: China's leading chip design firm transfers control to state-owned enterprise following US sanctions
Post by: Redaktion on December 11, 2024, 20:36:04
China's largest EDA software company Empyrean Technology transitions to state control under China Electronics Corporation following US trade restrictions. The move gives the state-owned enterprise majority board control and signals Beijing's strategy to shield key tech firms from foreign pressure through increased state ownership.