China Resources Microelectronics (CR Micro; ) is a partially

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

publicly listed A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (li ...

Chinese

semiconductor A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping level ...

company headquartered in

Wuxi Wuxi ( zh, s=无锡, p=Wúxī, ) is a city in southern Jiangsu, China. As of the 2024 census, it had a population of 7,495,000. The city lies in the southern Yangtze delta and borders Lake Tai. Notable landmarks include Lihu Park, the Mt. Lings ...

Jiangsu Jiangsu is a coastal Provinces of the People's Republic of China, province in East China. It is one of the leading provinces in finance, education, technology, and tourism, with its capital in Nanjing. Jiangsu is the List of Chinese administra ...

. It is the largest

integrated device manufacturer An integrated device manufacturer (IDM) is a semiconductor company which designs, manufactures, and sells integrated circuit (IC) products. IDM is often used to refer to a company which handles semiconductor manufacturing in-house, compared to a ...

in China. CR Micro is a subsidiary of

China Resources China Resources Holdings Company Limited (), or simply China Resources, is a Chinese State-owned enterprise, state-owned Conglomerate (company), conglomerate that owns a variety of businesses in Hong Kong and Mainland China. Some of its subsidiar ...

Background

The origins of CR Micro can be traced to Wuxi Huajing Electronics, a

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 China Resources Gas Group Limited (), or China Resources Gas, was Incorporation (business), incorporated and registered in Hong Kong in 1994, but previous businesses disposed of by 2009 to be developed as a city gas distribution business. It is ...

). It was renamed to Wuxi China Resources Microelectronics. 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 The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

with the ticker '597'. In November 2007, China Resources Logic sold its entire semiconductor business to CSMC Technologies. This was to consolidate the semiconductor business. In March 2008, CSMC Technologies changed its name to CR Micro. In July 2011, it was reported that China Resources was considering taking CR Micro private via

buyout In finance, a buyout is an investment transaction by which the ownership equity, or a controlling interest of a company, or a majority share of the capital stock of the company is acquired. The acquirer thereby "buys out" the present equity holde ...

. Later that year, it delisted from the Hong Kong Stock Exchange. 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. 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 China Integrated Circuit Industry Investment Fund (ICF; ), also known as the National Integrated Circuit Industry Investment Fund and the Big Fund (), is a China Government Guidance Fund. The fund aims to help China reach its national goal ...

. The aim was to build a 12-inch wafer foundry in

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

. In March 2024, CR Micro acquired a 22.5% stake in JCET making it the controlling shareholder.

References

External links

* {{Electronics industry in China 2020 initial public offerings Companies based in Wuxi Companies formerly listed on the Hong Kong Stock Exchange Companies listed on the Shanghai Stock Exchange Government-owned companies of China Semiconductor companies of China

Background

See also

References

External links