China’s laggard chips industry rotten with corruption

An anti-corruption storm in that kicked up in mid-July has so far resulted in the arrest of a dozen top Chinese officials and executives of a national investment fund and related companies, prompting a course shift in Beijing’s chip-making strategy.

Zhao Weiguo, former president of Tsinghua Unigroup, a Chinese technology and semiconductor manufacturer, was taken away last month by investigators for allegedly being involved in irregular procurement activities.

Xiao Yaqing, China’s minister of industry and information technology, was meanwhile arrested for suspected violations of the Communist Party’s discipline and laws.

Leave a Comment