➀ Xiangdixian Computing Technology, a Chinese semiconductor start-up, has collapsed due to a cash crunch and legal issues, dismissing all employees. ➁ The company held an all-staff meeting to announce its dissolution and termination of nearly 400 employees' contracts. ➂ Xiangdixian failed to meet terms in a previous funding round, leading to a lawsuit and the freezing of its bank account. ➃ The firm denies reports of dissolution and is seeking new investors and external financing opportunities.