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China Probes Head of State Chip Fund on Serious Law Violation

Technicians inspect a semiconductor wafer.

Technicians inspect a semiconductor wafer.

Photographer: Kobi Wolf/Bloomberg

China launched an investigation into the head of a high-profile state-backed semiconductor fund, the latest in a series of probes targeting key figures responsible for shaping its chip policy and investment.

Ding Wenwu, general manager of the National Integrated Circuit Industry Investment Fund Co. Ltd, is suspected of “serious violation of discipline and law,” the Central Commission for Discipline Inspection said in a statement Saturday, without elaborating. The CCDI is China’s top anti-graft watchdog.