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China’s state-run semiconductor fund engulfed in scandal as Beijing probes three senior executives for alleged corruption
Aggregated Source: ChinaTechNews.com

China’s state-run chip industry investment fund, a central plank in Beijing’s efforts to achieve “semiconductor independence”, has become engulfed in anti-corruption probes, with a number of its executives under investigation, according to official announcements and local media reports.

While authorities have released few details, the scope of the probe – which involves at least three senior executives from the fund – shows that it could be another scandal as big as the Hanxin chip case in 2006 when the country’s first home-grown computer chip was exposed as a fake.

China’s state-run semiconductor fund engulfed in scandal as Beijing probes three senior executives for alleged corruption comes via ChinaTechNews.com.

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