Ding Wenwu, president of the China Integrated Circuit Industry Investment Fund, is under investigation, Caixin reported, citing sources familiar with the matter.Ding has served as the president of the fund since its inception. Previously, he was the Deputy Director of the Electronic Information Department of the Ministry of Industry and Information Technology.The executive was last seen in public during the 6th Jiwei Semiconductor Summit in Xiamen, Fujian, on July 16. At the summit, he delivered a speech, saying that at present, the domestic and international climate is harsh, complicated, and ever-changing, which brings both challenges and opportunities to China s semiconductor industry.Ding also pointed out that companies in this sector have enjoyed strong valuations for the previous two years, but with the current cooling of capital markets, that has changed.With a total of 98.72 billion yuan ($14.63 billion) in registered capital, the fund was launched in 2014 by the Ministry of Fi