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Another executive of Chinese semiconductor investment fund being probed for corruption

September 18, 2022
Source: indianeconomicobserver.com indianeconomicobserver.com
News Snapshot:
Beijing [China], September 18 : Another senior executive of a general partner of the Chinese top semiconductor investment fund was placed under investigation on suspicion of corruption, joining a list of executives brought down by an unfolding anti-corruption crackdown that is sweeping the country's semiconductor industry. Ren Kai, vice president of Sino IC Capital Ltd., was detained by Chinese authorities on Thursday morning, Nikkei Asia citing Chinese media Caixin sources reported. Sino IC is the sole manager of China Integrated Circuit Industry Investment Fund, known as the "Big Fund," a state-backed semiconductor investment fund and a key player in the...
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