China wages war on 'corruption' in chip industry after years of fundraising

Semiconductor executives investigated after massive investments fail to take off

20220805N China chipmaking REUTERS

China's chipmaking industry has a long way to go before attaining 70% self-sufficiency by 2025. © Reuters

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China is clamping down on the misappropriation of funds inside the national chip industry as its rivalry with the U.S. in semiconductors heats up and an important Communist Party national congress is just a few months away.

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