China Resources Microelectronics

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China Resources Microelectronics Limited
CR Micro
Native name
华润微电子有限公司
FormerlyCSMC Technologies
Company typePublic; State-owned enterprise
SSE: 688396
IndustrySemiconductors
PredecessorWuxi Huajing Electronics
Founded28 January 2003; 23 years ago (2003-01-28)
HeadquartersWuxi, Jiangsu, China
Key people
Chen Xiaojun (chairman)
Li Hong (CEO)
RevenueDecrease CN¥9.90 billion (2023)
Decrease CN¥1.44 billion (2023)
Total assetsIncrease CN¥29.22 billion (2023)
Total equityIncrease CN¥23.63 billion (2023)
Number of employees
10,249 (2023)
ParentChina Resources
Websitewww.crmicro.com
Footnotes / references
[1]

China Resources Microelectronics (CR Micro; Chinese: 华润微; pinyin: Huárùn Wēi) 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

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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

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References

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