The Big Fund was set up in 2014  as part of a plan to leapfrog developments in the semiconductor industry. Photo: Shutterstock Images
The Big Fund was set up in 2014 as part of a plan to leapfrog developments in the semiconductor industry. Photo: Shutterstock Images

China’s state-run semiconductor fund engulfed in scandal as Beijing probes three senior executives for alleged corruption

  • Ding Wenwu, former Big Fund president, was being investigated for ‘serious violations of discipline and laws’, a term that usually refers to corruption
  • Spurred by Beijing’s push, provincial governments across China jumped on the bandwagon with their own chip-related ventures

The Big Fund was set up in 2014  as part of a plan to leapfrog developments in the semiconductor industry. Photo: Shutterstock Images
The Big Fund was set up in 2014 as part of a plan to leapfrog developments in the semiconductor industry. Photo: Shutterstock Images
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