Jul 26, 2022 06:06 AM

BUSINESS

Former Unigroup Chief Falls Under Investigation

By Zhang Erchi, Yu Ning and Han Wei

Unigroup was once at the forefront of China’s drive to develop the domestic semiconductor industry.

Unigroup was once at the forefront of China’s drive to develop the domestic semiconductor industry.

A former chairman and major shareholder of China’s Tsinghua Unigroup Co. Ltd. was placed under investigation as the debt-laden semiconductor conglomerate wraps up a bankruptcy reorganization to reboot its businesses.

Zhao Weiguo, 55, was taken away from his home in Beijing by authorities in mid-July and has since been out of contact, several people with knowledge of the matter told Caixin.

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