Anti-Graft Crackdown Nets Another Semiconductor Veteran
A senior manager at a subsidiary of China Integrated Circuit Industry Investment Fund was placed under investigation, joining a growing list of executives brought down by an unfolding anti-corruption crackdown that is sweeping the country’s semiconductor industry.
Chen Datong, a managing partner of Yuanhe Puhua (Suzhou) Investment Management Co. Ltd., was detained by authorities earlier this month and has remained out of contact, several people familiar with the matter told Caixin. Chen’s mobile phone has remained off over the past two weeks, they said.
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