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China’s EDA champion buys start-up to address weak link, support Huawei’s Tau Scaling Law

China’s EDA champion buys start-up to address weak link, support Huawei’s Tau Scaling Law
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Empyrean Technology, China’s top provider of electronic design automation (EDA) tools, plans to acquire a majority stake in a domestic start-up, reinforcing Beijing’s drive for tech self-sufficiency and bolstering support for Huawei Technologies’ semiconductor ambitions. The Beijing-based firm said in a Shenzhen Stock Exchange filing on Sunday that it would acquire a 50.38 per cent stake in Easy-Logic Technology for 218.8 million yuan (US$33 million). Once completed, the start-up would be...

Empyrean Technology, China’s top provider of electronic design automation (EDA) tools, plans to acquire a majority stake in a domestic start-up, reinforcing Beijing’s drive for tech self-sufficiency and bolstering support for Huawei Technologies’ semiconductor ambitions. The Beijing-based firm said in a Shenzhen Stock Exchange filing on Sunday that it would acquire a 50.38 per cent stake in Easy-Logic Technology for 218.8 million yuan (US$33 million). Once completed, the start-up would be...
China (LOCATION) EDA (ORG) Huawei (ORG) Tau Scaling Law Empyrean Technology (ORG) Beijing (LOCATION) Huawei Technologies’ (ORG) a Shenzhen Stock Exchange (ORG) Easy-Logic Technology (ORG)
Originally published by South China Morning Post Read original →