China Resources Microelectronics
| CR Micro | |
Native name | Hua Run Wei Dian Zi You Xian Gong Si |
| Formerly | CSMC Technologies |
| Company type | Public; State-owned enterprise |
| SSE: 688396 | |
| Industry | Semiconductors |
| Predecessor | Wuxi Huajing Electronics |
| Founded | 28 January 2003; 23 years ago (2003-01-28) |
| Headquarters | Wuxi, Jiangsu, China |
Key people | Chen Xiaojun (chairman) Li Hong (CEO) |
| Revenue | CNY=9.90 billion (2023) |
| CNY=1.44 billion (2023) | |
| Total assets | CNY=29.22 billion (2023) |
| Total equity | CNY=23.63 billion (2023) |
Number of employees | 10,249 (2023) |
| Parent | China Resources |
| Website | www |
| Footnotes / references [1] | |
China Resources Microelectronics (CR Micro; Chinese: Hua Run Wei ; pinyin: Huarun Wei) is a partially state-owned publicly listed Chinese semiconductor company headquartered in Wuxi, Jiangsu. It is the largest integrated device manufacturer in China.
CR Micro is a subsidiary of China Resources.
Background
[edit]The origins of CR Micro can be traced to Wuxi Huajing Electronics, a state-owned semiconductor plan in Wuxi. In September 2002 it was acquired by China Resources and transferred to its subsidiary, China Resources Logic (now China Resources Gas).[2] It was renamed to Wuxi China Resources Microelectronics.[3]
In May 2006, China Resources Logic became the controlling shareholder of CSMC Technologies, another semiconductor company that was listed on the Hong Kong Stock Exchange with the ticker '597'.[4] In November 2007, China Resources Logic sold its entire semiconductor business to CSMC Technologies. This was to consolidate the semiconductor business.[3][5] In March 2008, CSMC Technologies changed its name to CR Micro.[6]
In July 2011, it was reported that China Resources was considering taking CR Micro private via buyout.[7] Later that year, it delisted from the Hong Kong Stock Exchange.[8]
In February 2020, CR Micro listed on the Shanghai Stock Exchange STAR Market making it the first Red chip company to be listed on the Shanghai Stock Exchange.[9]
In August 2023, CR Micro approved a plan for its Shenzhen subsidiary, Runpeng Semiconductors to sell shares to several investors such as the China Integrated Circuit Industry Investment Fund. The aim was to build a 12-inch wafer foundry in Shenzhen.[10]
In March 2024, CR Micro acquired a 22.5% stake in JCET making it the controlling shareholder.[11]
See also
[edit]References
[edit]- ^ "2023 Annual Report" (PDF). Sina.
- ^ Sito, Peggy (10 May 2002). "Logic uses upturn to tap market for $160m". South China Morning Post. Retrieved 7 October 2024.
- ^ a b "Hua Run Zai Ci Zhong Zu Ban Dao Ti Ye Wu Li Zhi Shang Hua Ke Neng Er Xuan Yi ". 6 November 2007. Archived from the original on 4 March 2016. Retrieved 7 October 2024.
- ^ Li, Joyce (16 May 2006). "China Resources Offers CSMC Buyout". The Wall Street Journal.
- ^ Kandy, Wong (29 November 2007). "CR Logic to sell chip business to CSMC". South China Morning Post. Retrieved 7 October 2024.
- ^ "CHANGE OF NAME AND STOCK SHORT NAME, TRADING ARRANGEMENT AND FACILITY AGREEMENT WITH SPECIFIC PERFORMANCE COVENANT OF CHINA RESOURCES MICROELECTRONICS LIMITED" (PDF). 5 March 2008.
- ^ "Buyout talk boosts shares in CR Microelectronics". South China Morning Post. 5 July 2011. Retrieved 7 October 2024.
- ^ Xin Lang Cai Jing Zong He (31 March 2019). "Hua Run Wei Dian Zi Qi Dong Ke Chuang Ban Shang Shi Bu Fa 2011Nian Ceng Si You Hua Tui Shi ". finance.sina.com.cn. Archived from the original on 1 April 2019. Retrieved 7 October 2024.
- ^ "Wuxi red chip enterprise releases first domestic IPO". regional.chinadaily.com.cn. 28 February 2020. Archived from the original on 7 October 2024. Retrieved 7 October 2024.
- ^ Liu, Pelin (19 August 2023). "China state investors to inject $1.7bn in Shenzhen wafer foundry". Nikkei Asia. Archived from the original on 3 October 2024. Retrieved 7 October 2024.
- ^ Fan, Xuehan (27 March 2024). "JCET Gains as China Resources Takes Over Chip Packaging Firm for USD1.6 Billion". www.yicaiglobal.com. Archived from the original on 7 October 2024. Retrieved 7 October 2024.
