China’s discipline authority is probing another semiconductor investment fund executive for suspected corruption, as the country’s anti-graft campaign in the chip industry gathers pace, Chinese magazine Caixin reported, citing unidentified sources. The investigation of Ren Kai, vice-president at Sino IC Capital, the sole management entity of the China Integrated Circuit Industry Investment Fund – also known as the Big Fund – follows similar probes of other executives for “severe violations of laws and disciplines”, often used as a euphemism for corruption. Lu Jun, former chief executive at Sino IC Capital and Wang Zhongwen, a partner at Shenzhen Hongtai Hongxin Equity...