Widening crackdown reaches nonexecutive director at foundry SMIC

BEIJING -- Chinese authorities have announced an investigation into another executive connected to the country's largest semiconductor investment fund, further expanding a sweeping campaign against corruption in the industry.

Sino IC Capital Vice President Ren Kai is under investigation for serious legal violations, authorities said. The company, in which the state-owned China Development Bank holds a 45% stake, manages the China Integrated Circuit Industry Investment Fund, also known as the "Big Fund."

Discover the all new Nikkei Asia app

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.