Mar 21, 2023 05:02 AM

BUSINESS

Former Chief of Chip Giant Unigroup Charged With Corruption

By Qin Min and Han Wei

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.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: China’s Homegrown Jet Begins Regular Route

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin-Sinica Business Brief: Hong Kong to Allow Retail Investors to Trade Crypto

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb

2: China’s Post-Reopening Second Covid Wave Could Peak in Late June, Expert Says

3: In Depth: Chinese Fast Fashion Platforms Could Be Next U.S. Target

4: Five Things to Know About Chinese Trust Firms’ Scramble to Offload Risky Assets

5: Kunming Scrambles to Pay Off $170 Million of Financing Vehicle Debt

SPONSORED

OR