On June 25th, it was reported that a netizen who was certified as an employee of Nanjing Xinqiyuan Semiconductor recently revealed that Xinqiyuan, the leading DPU (Data Processor) company in China, has stopped paying salaries, zero compensation for violent layoffs, no year-end bonuses, and treated employees differently since March. Not only that, but some employees also claimed that HR even said in front of the police, 'We just won't compensate or pay salaries. We have the ability to sue us',' I have been working for 3 and a half years, but I haven't received a year-end bonus, and I owe 200000 yuan in year-end bonus (not including performance bonus) and 2 months' salary. '.
According to the company's official website, Xinqiyuan was founded in 2015 and is a high-tech company dedicated to the design, development, production, and sales of integrated circuit core intellectual property (IP), chips, and EDA tools. Its main products include EDA tools, USB IP, DPU, and TCAM chips.
As a strategic investment enterprise, Xinqiyuan proposed a strategic plan to split its EDA and DPU businesses in 2023. The business split requires a large amount of capital investment, coupled with the high R&D investment characteristics of the semiconductor industry. The dual track expansion of "R&D and production capacity" has brought enormous pressure to cash flow. In April 2024, Xinqiyuan conducted intensive equity pledge financing with a total amount of over 200 million yuan, indicating that the company may face a tight funding chain.
