Another Chip Investment Bigwig Faces Corruption Probe

The man who helmed China’s biggest semiconductor investment fund for six years is being investigated for corruption, the nation’s top anti-graft watchdog said.

Lu Jun, 54, originally of Yancheng, Jiangsu, is being probed for “suspected severe violations of discipline and law,” the Central Commission for Discipline Inspection said in a statement Friday, without elaborating on his alleged transgressions. That stock phase is used to refer to a corruption probe.