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Exec linked to China's chip self-sufficiency drive probed for graft

Gao Songtao served as vice president of state-backed fund Sino IC Capital

China has been ramping up efforts to develop its homegrown chip industry to reduce its reliance on U.S. technology.   © Reuters

A senior executive linked to China's state-backed semiconductor drive is being probed by the nation's top graft-buster for alleged corruption.

Gao Songtao, 51, who served as the vice president of Sino IC Capital from October 2014 to November 2019, is under investigation for "serious violations of laws," a standard euphemism for corruption, the Central Commission for Discipline Inspection announced Friday.

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