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China Investigates Chip Execs For Failures

August 1, 2022


The three men are: the former Minister of Industry and Information Technology – Xiao Yaqing – the head of the National Integrated Circuit Fund (often called the ‘Big Fund’) Ding Wenwu – and the former chairman of Tsinghua Unigroup – Zhao Weiguo.

The announcement of the China government’s funds to promote semiconductors encouraged tens of thousands of Chinese companies to register as semiconductor companies to get access to the money. 15,700 companies registered as semiconductor companies were registered between January and May 2021, some of them with no experience in the semiconductor industry.

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