Daily Tech Roundup: CICC-Backed Chip Designer Fined for IPO Fraud

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Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

CICC-backed Chinese chip design firm fined over fraudulent IPO application

A semiconductor company sponsored by China International Capital Corp. Ltd., one of the country’s top investment banks, has been fined over IPO application fraud, the China Securities Regulatory Commission (CSRC) said in a statement on Feb. 9.

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