Chinese GPU-maker Xiangdixian Computing Technology has admitted it has not met its development targets and let go of some staff as part of a restructu

One of China's best GPU prospects admits it's failing, lays off workers

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2024-09-03 11:30:10

Chinese GPU-maker Xiangdixian Computing Technology has admitted it has not met its development targets and let go of some staff as part of a restructuring plan.

The chip shop on Sunday issued a statement in which it denied reports it had collapsed and closed its doors – but left the possibility of that outcome on the table.

"Development of national GPU has not yet fully met the company's expectations and is facing certain market adjustment pressures," the statement reads, adding that it has taken no steps to wind up "so far."

That reference to the "national GPU" reflects China's silicon-self-sufficiency policy, enacted amid US export bans that mean Chinese entities can't legally acquire the most powerful accelerators from the likes of Nvidia and AMD.

Xiangdixian Computing Technology (XCT) has already produced a quartet of modest GPUs – two for desktops and one for workstations. On August 20, the biz described its flagship Tianjun GPU silicon as having "successfully achieved R&D and mass production goals" for applications such as "cloud desktops, CAD/CAE, metaverses, and digital twins."