Caixin
Aug 10, 2022 03:39 PM
BUSINESS

Five Things to Know About China’s Scandal-Struck Chip Industry ‘Big Fund’

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China Integrated Circuit Industry Investment Fund, a key player in the country’s quest for self-sufficiency in chipmaking, is at the center of an expanding anti-graft crackdown that is rattling the entire semiconductor industry.

Since mid-July, China’s graft buster has confirmed investigations of at least six current and former executives of the fund and its sole manager, Sino IC Capital Co. Ltd.

Those placed under investigation include Ding Wenwu, president of China Integrated Circuit Industry Investment Fund, and Lu Jun, who headed Sino IC Capital since its inception in 2014 to 2020.

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