Shanghai Wusheng Semiconductor Group faces compulsory liquidation

The People's Court of Pudong New District, Shanghai ruled that because Shanghai Wusheng Semiconductor Group Co., Ltd. was unable to liquidate itself, Shanghai Wusheng Electronic Technology (Group) Co., Ltd. applied to the court for compulsory liquidation. Shanghai Wusheng Semiconductor mainly designs and manufactures OLED display drivers, microcontrollers and CIS image sensor chips.