China's Top Chip Design Firm Shifts Control to State Enterprise

China’s Top Chip Design Firm Shifts Control to State Enterprise

Empyrean Technology, the biggest electronic design automation software firm in China, has transferred its control to the state-owned China Electronics Corporation due to its addition to the U.S. trade blacklist. This change in leadership was revealed in a corporate filing on Monday, which led to a 9% increase in its stock price, bringing it to 134 […]

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