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Zhao’s guilty plea comes amid Beijing’s increased scrutiny of corrupt practices in the chip sector as the country develops its domestic semiconductor industry.
China wants to be world leader in artificial intelligence, but US trade sanctions and a brain drain of the best engineers mean it won’t be easy.
Former Tsinghua-Unigroup chairman Zhao Weiguo (pictured) is to be charged under anti-graft laws says China’s Commission for Discipline Inspection Zhao’s
The appointment comes nearly nine months after the previous chief was placed under probe.
China appointed an ex-government official to lead a state-backed investment fund focused on the chipmaking sector.