Reported 12 months ago
Recent reports reveal that Chinese semiconductor company Left River Technology (ST Left River) saw its stock price plummet by 97% and eventually got delisted from the stock market after being involved in significant financial fraud. Despite initially claiming to compete with global AI leader NVIDIA, the company's stock price peaked at 299.8 yuan but experienced a drastic downfall due to fraudulent practices, leaving many investors trapped. The stock market has been volatile amidst China's push to boost semiconductor production, with various new startups emerging, but facing challenges in sustaining growth and performance.
Source: YAHOO