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Core Viewpoint - The article discusses the rise and fall of Xirenma United Measurement and Control (Quanzhou) Technology Co., Ltd., highlighting its rapid growth in the high-end sensor chip industry and subsequent bankruptcy due to various challenges faced in the competitive market [4][12]. Group 1: Company Background - Xirenma was established in 2017 and focused on high-end sensor chip research and manufacturing, gaining recognition as a potential disruptor of foreign sensor monopolies, with a peak valuation of 3.6 billion yuan [4]. - The founder, Nie Yongzhong, has an impressive academic and professional background, including roles at major companies like MEGGITT Ltd. and Honeywell, and has contributed significantly to the sensor field [6]. Group 2: Initial Success - In its early years, Xirenma experienced significant success, including the establishment of a manufacturing base in Quanzhou in 2017 and the successful development of various sensor products, including the SA05 accelerometer in 2018 [7]. - The company capitalized on the COVID-19 pandemic by quickly developing infrared temperature measurement chips, achieving record sales that surpassed the total sales of all products in 2019 within a month [7][8]. - By 2022, Xirenma had launched several innovative products and secured multiple rounds of financing, totaling several hundred million yuan, and was recognized as a leading enterprise in the chip market [8]. Group 3: Challenges and Decline - Starting in 2023, Xirenma faced significant challenges, including 282 legal cases primarily related to patent disputes, which drained resources and affected its reputation [9][10]. - Internal conflicts among shareholders regarding the company's financial management and strategic direction further complicated its situation, alongside reports of stalled projects at its manufacturing base [10]. - The accumulation of these issues ultimately led to the company's bankruptcy filing in September 2025, marking a dramatic decline from its previous status as a promising industry player [11][12].