Another senior executive of a general partner of China's top semiconductor investment fund was placed under investigation, joining a growing list of executives brought down by an unfolding anti-corruption crackdown that is sweeping the country's semiconductor industry.
Caixin
Another 'Big Fund' honcho falls under corruption probe
Authorities detain Ren Kai, vice president of Sino IC Capital
The 'Big Fund' was set up in 2014 with 130 billion yuan in capital from the Ministry of Finance, China Tobacco, China Mobile and China Development Bank.
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