Chinese router maker TP-Link lays off most workers at Shanghai chip unit

TP-Link, China’s leading Wi-fi router manufacturer, has laid off most employees at a chip development unit in Shanghai amid setbacks, according to people familiar with the matter and local media reports.
Lianzhou International, known globally as TP-Link Systems and the overseas arm of the router maker, cut the majority of workers at its Shanghai-based chip unit last week, according to two people with knowledge of the situation, who declined to be named because they are not authorised to speak to…