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 | |
Native name | 华润微电子有限公司 |
| Formerly | CSMC Technologies |
| Company type | Public; State-owned enterprise |
| SSE: 688396 | |
| Industry | Semiconductors |
| Predecessor | Wuxi Huajing Electronics |
| Founded | January 28, 2003 |
| Headquarters | Wuxi, Jiangsu, China |
Key people | Chen Xiaojun (Chairman) Li Hong (CEO) |
| Revenue |  CN¥9.90 billion (2023) |
| CN¥1.44 billion (2023) | |
| Total assets |  CN¥29.22 billion (2023) |
| Total equity | CN¥23.63 billion (2023) |
Number of employees | 10,249 (2023) |
| Parent | China Resources |
| Website | www |
| Footnotes / references [1] | |
CR Micro is a subsidiary of China Resources.
Background
editThe 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
editReferences
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 "華潤再次重組半導體業務 勵致上華可能二選一". 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.
- ^ 新浪财经综合 (31 March 2019). "华润微电子启动科创板上市步伐 2011年曾私有化退市". 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.