又一家半导体企业倒下 瓴盛科技子公司立可芯进入破产程序

Core Insights - The bankruptcy review of Ling Sheng Technology's subsidiary, Shanghai Likexin Semiconductor Technology Co., Ltd., has been officially accepted by the Shanghai Pudong New Area People's Court, marking the end of a once-promising semiconductor joint venture [1] Company Overview - Ling Sheng Technology was established with investments from companies including Unisoc, Qualcomm China, and Jian Guang Asset, focusing on the development of smart IoT and mobile communication chips, with product lines including AIoT SoC and smartphone SoC [1] - The company achieved some technological breakthroughs, such as the JA310 chip launched in 2020 using Samsung's 11nm process, and the JR510 smartphone chip released in 2022, which was adopted by the Xiaomi POCO C40 model and sold in numerous countries [2][3] Financial Performance - From 2019 to the first half of 2022, Ling Sheng Technology accumulated losses exceeding 1 billion yuan, which eroded shareholder confidence and led to Unisoc gradually reducing its stake starting in 2021, ultimately exiting in 2022 [3][4] - Despite attempts to attract investments from various funds and companies, including Xiaomi Industrial Fund and Zhilv Capital, the company could not resolve its financial difficulties, leading to a situation where its net assets were negative after excluding goodwill [4] Operational Challenges - The company faced severe operational issues, including unpaid salaries and overdue social security payments, with reports indicating that employees had not been paid since December 2023 [4] - Legal troubles escalated, with Ling Sheng Technology and Likexin being defendants in 146 lawsuits, amounting to over 100 million yuan, covering various disputes such as labor contracts and debt claims [4]