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The US campaign to recharge its chip sector and reduce its China exposure has hit a big milestone with the passage of the $52.7 billion CHIPS Act.

SHANGHAI (Reuters) - China's corruption watchdog said it was investigating the head of the country's largest state-backed chip investment fund, just o...

A total of 25 senior Chinese officials, or centrally administered officials, have faced disciplinary actions so far this year, equaling a record annual number in recent years, underscoring the Communist Party of China (CPC)’s zero tolerance toward corruption and its intensifying efforts to fight corruption, experts said on Sunday.

Ding Wenwu, president of the China Integrated Circuit Industry Investment Fund, is under investigation, Caixin reported, citing sources familiar with the matter.Ding has served as the president of the fund since its inception. Previously, he was the Deputy Director of the Electronic Information Department of the Ministry of Industry and Information Technology.The executive was last seen in public during the 6th Jiwei Semiconductor Summit in Xiamen, Fujian, on July 16. At the summit, he delivered a speech, saying that at present, the domestic and international climate is harsh, complicated, and...

The round was led by Guangzhou Bay Area Semiconductor Industry Group.