Hygon names new chairman as US$17.3B merger collapses

Chinese AI chipmaker Hygon Information Technology has appointed Jun Li as its new chairman following a board reshuffle. The move comes as Hygon and Sugon deepen integration after a US$17.3 billion merger fell through.

• Hygon appointed Jun Li as its new chairman
• Board reshuffle followed the collapse of a US$17.3B merger
• Hygon and Sugon are deepening integration under one chairman