Semiconductor fraud in China highlights lack of accountability

Push for homegrown chipmakers leads to multimillion-dollar investment swindle

A desire by Beijing to development domestic chip companies has led to a series of reckless investments in poorly planned projects, many of which went bankrupt. © Reuters

HUI TSE GAN, KrASIA

February 12, 2021 14:57 JST

BEIJING -- The Chinese government has ambition to create a "national champion" in the semiconductor industry. With a clear target in place, local governments have been eager to support private enterprises that make chips -- even those with dubious credentials.