A look at China’s HSMC and QXIC, now-defunct chipmakers that received hundreds of millions of dollars from the Chinese government yet failed to make any chips (Yoko Kubota/Wall Street Journal)

Yoko Kubota / Wall Street Journal:
A look at China’s HSMC and QXIC, now-defunct chipmakers that received hundreds of millions of dollars from the Chinese government yet failed to make any chips  —  Foundries with ties to a little-known Chinese entrepreneur set out to match TSMC and Samsung, but never commercially produced an advanced semiconductor