Amid US Chip Controls, China Companies 'Scrambling' to Hire Workers, Report Says

Chinese technology companies are “scrambling” to hire engineers from foreign companies that are closing their business in China due to new U.S. export controls (see 2210070049), Nikkei reported Nov. 4. The report said Huawei, Alibaba and other chip developers issued job postings after they learned U.S. chipmaker Marvell planned to lay off hundreds of workers in China. Some Chinese companies are offering to pay a higher-than-expected salary for these workers because “chip talent has never been in more demand and competition for hiring is intense,” a Chengdu-based recruiter told Nikkei.