The global economic crisis is forcing a long overdue shake-out among Chinese chip design companies as venture capital funds have dried up and major players are ready to merge.
“Our industry is entering a period of adjustment,” said Wu Ping, chairman of Spreadtrum. He added that his company, one of China’s top three chip design houses, was ready to be part of beginning consolidation. “Acquiring others is one option for us, being acquired by others is also an option,” he told the FT in an interview.
