NANJING, CHINA – X-Epic, a Chinese developer of electronic design automation tools, is rumored to be laying off 50% of its workers after struggling to gain ground in the EDA space.

The South China Morning Press reported that the firm is struggling in its mission to make up ground on the big US firms that dominate the EDA space: Cadence, Synopsys and Mentor Graphics.

X-Epic was founded in March 2020 and raised $121.7 million while developing a suite of chip design software EDA tools covering areas such as digital chip verification, hardware simulation, system debugging, and cloud-based verification.

SCMP reported that progress has been slow for X-Epic and other Chinese EDA companies, which saw their business dip in the first quarter, with the biggest Chinese firm – Empyrean – seeing first quarter profits drop 64% year over year.

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