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    Smartkarma Research: Five things to know about China’s scandal-struck chip industry ‘Big Fund’

    Since mid-July, China’s graft buster has confirmed investigations of at least sixcurrent and former executives of the fund and its sole manager, Sino IC Capital Co. Ltd.

    Synopsis

    Ding and Lu were key investment strategy decision-makers for the fund, known as the “Big Fund.” Since its establishment, the fund has built up a sprawling portfolio through direct and indirect investments, backing the growth of industry leaders like Semiconductor Manufacturing International Corp. (SMIC) and Hua Hong Semiconductor Ltd.

    China Integrated Circuit Industry Investment Fund, a key player in the country’s quest for self-sufficiency in chipmaking, is at the center of an expanding anti-graft crackdown that is rattling the entire semiconductor industry.Since mid-July, China’s graft buster has confirmed investigations of at least sixcurrent and former executives of the fund and its sole manager, Sino IC Capital Co. Ltd.Those placed under investigation include Ding Wenwu,
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    The Economic Times