Mar 21, 2023 05:02 AM

Former Chief of Chip Giant Unigroup Charged With Corruption

Zhao Weiguo
Zhao Weiguo

Zhao Weiguo, former chairman and major shareholder of China’s Tsinghua Unigroup Co. Ltd., faces criminal charges of corruption eight months after the semiconductor industry tycoon was placed under investigation.

Zhao, 56, used his position as a state-owned company executive to take bribes and seek illegal gains for relatives and friends, the Central Commission for Discipline Inspection (CCDI) said Monday in a statement.

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