[BUSINESS]■ STORY TIMELINE
CHINESE CHIPMAKERS HIT BILLIONAIRE STATUS UNPROFITABLY
Shanghai Enflame Technology, a Chinese chip manufacturer founded in 2018, has achieved a billion-dollar valuation despite never posting a profit. The company operates with fewer than 900 employees and relies on a single major customer.
Bloomberg Tech+0m
Shanghai Enflame Technology Co. has fewer than 900 employees, one major customer, and has never turned a profit since th…