<p>➀ Guangzhou Huizhiwei Microelectronics Co., Ltd., a listed company on the Shanghai Stock Exchange, has been reported to start major layoffs with a 40% cut in research and development staff, with compensation following the N+1 formula.</p><p>➁ The company, founded in 2011, specializes in the design of RF frontend chips for smartphones and IoT, with its main business being the research, development, and sales of RF frontend chips and modules.</p><p>➂ The layoffs are mainly affecting the Shanghai office, with the广州 office to follow. The company is facing financial challenges, including a decline in gross margin and negative net interest.</p>