English
China's EDA startup X-Epic forced to lay off staff, says report
By Peter Clarke, eeNews Europe
July 16, 2024
Chinese EDA software startup X-Epic Ltd. (Nanjing, China) is cutting up to half its staff according to the South China Morning Post, quoting unnamed sources.
The exact reason for the lay-offs was not given but the SCMP said that Chinese EDA firms saw their business slow in 1Q24 amid broader market headwinds. It is possible that privately held X-Epic is not yet profitable and needs to trim its burn rate.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
Related News
- New US EDA Software Ban May Affect China's Advanced IC Design, Says TrendForce
- China's Unigroup plans to spend $60 billion, says report
- China and US Bolster Semiconductor Independence as Taiwan's Foundry Capacity Share Projected to Decline to 41% by 2027, Says TrendForce
- Imagination to lay off 20% of staff
- Despite Export Ban on Equipment, China's Semiconductor Expansion in Mature Processes Remains Strong, Says TrendForce
Breaking News
- Silicon industry veteran Oreste Donzella joins Sondrel board as Non-Executive Director
- Powering the NVM and Embedded Chip Security Technologies
- BOS and Tenstorrent Unveil Eagle-N, Industry's First Automotive AI Accelerator Chiplet SoC
- BBright Expands Ultra HD Capabilities with intoPIX JPEG XS Technology in its V2.2 Decoder Platform
- Jmem Tek and Andes Technology Partner on the World' s First Quantum-Secure RISC-V Chip
Most Popular
- MosChip selects Cadence tools for the design of HPC Processor “AUM” for C-DAC
- Cadence and Rapidus Collaborate on Leading-Edge 2nm Semiconductor Solutions for AI and HPC Applications
- Quobly announces key milestone for fault-tolerant quantum computing
- Synopsys Announces Industry's First Ultra Ethernet and UALink IP Solutions to Connect Massive AI Accelerator Clusters
- Alphawave IP - Announcement regarding leadership transition