On May 14, a Chinese court handed a suspended death sentence to the former chairman of state-owned chip conglomerate Tsinghua Unigroup.
Zhao Weiguo, who headed what was once China’s biggest semiconductor company, was found guilty of embezzling state-owned assets, accepting bribes, and causing massive losses both for publicly traded companies and directly to the Chinese regime. His two-year reprieve is good news for the formerly high-flying chip executive, as such reprieves usually result in life imprisonment.
