A joint venture established by a US chip giant and the government of one of China’s poorest provinces and that was expected to provide a boost to the country’s server chip sector will shut down by the end of April, according to The Information.
The joint venture, Huaxintong Semiconductor Technologies (HXT), was founded in 2016 by Qualcomm and the government of the southwestern Chinese province of Guizhou to design and produce chips typically destined for use data-center servers in China.
The joint venture has research and development centers in Beijing and Shanghai and is 55% owned by the Guizhou government and 45% by Qualcomm.
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