China's EDA startup X-Epic forced to lay off staff, says report
By Peter Clarke, eeNews Europe
July 16, 2024
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.
To read the full article, click here
Related Semiconductor IP
- MIL-STD-1553 Controller IP
- UFS 5.x Device IP
- UCIe 3.x Controller IP
- Ethernet 800G PCS IP
- CHI to UCIe Bridge IP
Related News
- Broadcom lays off 1,100; may lay off more
- EDA Startup Rises From Ashes of ATopTech
- Imagination to lay off 20% of staff
- Siemens EDA faces Chinese startup competitor
Latest News
- StarFive and LECARC Forge Partnership to Co-Develop RISC-V Server CPUs and Seize New Opportunities in the Agentic AI Era
- ASICLAND Selected as SK hynix’s Partner for Next-Gen eSSD Development, Establishing a ‘K-Semiconductor Win-Win’ Model
- onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI
- EdgeAI Licensed Andes Technology CPU IP to Power Next-Generation Edge AI Neuromorphic Solution
- Jim Keller: ‘AI Still Obeys the Old Laws of Compute’