China chip delays for Bush's brother

Bruce Einhorn

Neil Bush’s Chinese semiconductor adventure has taken a turn for the worse. George W. Bush’s little brother made headlines back in 2003 when, during a nasty divorce from his then-wife Sharon, he admitted that he had a lucrative contract with Grace Semiconductor Manufacturing Corp., a new chipmaker in Shanghai with big ambitions to become a global power in silicon. The arrangement was a bit odd, since Bush had pretty much zero knowledge of chipmaking. But of course he did have important connections - and Grace was a company that paid a lot of attention to connections: One of the company’s backers was Jiang Mianheng, the son of China’s former president, Jiang Zemin.

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