China Resources Microelectronics
{{Short description|Chinese Semiconductor Company}}
{{Use dmy dates|date=October 2024}}
{{Infobox company
| name = China Resources Microelectronics Limited
| trading_name = CR Micro
| native_name = 华润微电子有限公司
| logo = China Resources Microelectronics.png
| former_name = CSMC Technologies
| type = Public; State-owned enterprise
| traded_as = {{SSE|688396}}
| predecessor = Wuxi Huajing Electronics
| foundation = {{start date and age|2003|01|28}}
| location = Wuxi, Jiangsu, China
| founders =
| key_people = Chen Xiaojun (chairman)
Li Hong (CEO)
| revenue = {{Decrease}} {{CNY|link=yes|9.90 billion}} (2023)
| net_income = {{Decrease}} {{CNY|link=yes|1.44 billion}} (2023)
| assets = {{Increase}} {{CNY|link=yes|29.22 billion}} (2023)
| equity = {{Increase}} {{CNY|link=yes|23.63 billion}} (2023)
| owner =
| num_employees = 10,249 (2023)
| parent = China Resources
| industry = Semiconductors
| homepage = {{URL|www.crmicro.com}}
}}
China Resources Microelectronics (CR Micro; {{Zh|c=|p=Huárùn Wēi|s=华润微}}) 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
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).{{Cite web |last=Sito |first=Peggy |date=10 May 2002 |title=Logic uses upturn to tap market for $160m |url=https://www.scmp.com/article/379233/logic-uses-upturn-tap-market-160m |access-date=7 October 2024 |website=South China Morning Post |language=en}} It was renamed to Wuxi China Resources Microelectronics.{{Cite web |date=6 November 2007 |title=華潤再次重組半導體業務 勵致上華可能二選一 |url=http://finance.people.com.cn/BIG5/6491400.html |access-date=7 October 2024 |archive-date=4 March 2016 |archive-url=https://web.archive.org/web/20160304200134/http://finance.people.com.cn/BIG5/6491400.html |url-status=dead }}
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'.{{Cite web |last=Li |first=Joyce |date=16 May 2006 |title=China Resources Offers CSMC Buyout |url=https://www.wsj.com/articles/SB114774691579553828 |website=The Wall Street Journal}} In November 2007, China Resources Logic sold its entire semiconductor business to CSMC Technologies. This was to consolidate the semiconductor business.{{Cite web |last=Kandy |first=Wong |date=29 November 2007 |title=CR Logic to sell chip business to CSMC |url=https://www.scmp.com/article/617533/cr-logic-sell-chip-business-csmc |access-date=7 October 2024 |website=South China Morning Post |language=en}} In March 2008, CSMC Technologies changed its name to CR Micro.{{Cite web |date=5 March 2008 |title=CHANGE OF NAME AND STOCK SHORT NAME, TRADING ARRANGEMENT AND FACILITY AGREEMENT WITH SPECIFIC PERFORMANCE COVENANT OF CHINA RESOURCES MICROELECTRONICS LIMITED |url=https://www.smithfloorworks.com/wanboguanwangmanbetx/English/InvestorRelations/CorporateNews/Announcement/en2008gt/201411/P020141128750619982645.pdf}}
In July 2011, it was reported that China Resources was considering taking CR Micro private via buyout.{{Cite web |date=5 July 2011 |title=Buyout talk boosts shares in CR Microelectronics |url=https://www.scmp.com/article/972623/buyout-talk-boosts-shares-cr-microelectronics |access-date=7 October 2024 |website=South China Morning Post |language=en}} Later that year, it delisted from the Hong Kong Stock Exchange.{{Cite web |last=新浪财经综合 |date=31 March 2019 |title=华润微电子启动科创板上市步伐 2011年曾私有化退市 |url=https://finance.sina.com.cn/roll/2019-03-31/doc-ihsxncvh7163770.shtml |access-date=7 October 2024 |website=finance.sina.com.cn |archive-date=1 April 2019 |archive-url=https://web.archive.org/web/20190401233031/https://finance.sina.com.cn/roll/2019-03-31/doc-ihsxncvh7163770.shtml |url-status=live }}
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.{{Cite web |date=28 February 2020 |title=Wuxi red chip enterprise releases first domestic IPO |url=https://regional.chinadaily.com.cn/jiangsu/wuxi/2020-02/28/c_459800.htm |access-date=7 October 2024 |website=regional.chinadaily.com.cn |archive-date=7 October 2024 |archive-url=https://web.archive.org/web/20241007130346/https://regional.chinadaily.com.cn/jiangsu/wuxi/2020-02/28/c_459800.htm |url-status=live }}
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.{{Cite web |last=Liu |first=Pelin |date=19 August 2023 |title=China state investors to inject $1.7bn in Shenzhen wafer foundry |url=https://asia.nikkei.com/Spotlight/Caixin/China-state-investors-to-inject-1.7bn-in-Shenzhen-wafer-foundry |access-date=7 October 2024 |website=Nikkei Asia |language=en-GB |archive-date=3 October 2024 |archive-url=https://web.archive.org/web/20241003101622/https://asia.nikkei.com/Spotlight/Caixin/China-state-investors-to-inject-1.7bn-in-Shenzhen-wafer-foundry |url-status=live }}
In March 2024, CR Micro acquired a 22.5% stake in JCET making it the controlling shareholder.{{Cite web |last=Fan |first=Xuehan |date=27 March 2024 |title=JCET Gains as China Resources Takes Over Chip Packaging Firm for USD1.6 Billion |url=https://www.yicaiglobal.com/news/jcet-gains-as-china-resources-takes-over-chip-packaging-firm-for-usd16-billion |access-date=7 October 2024 |website=www.yicaiglobal.com |language=en |archive-date=7 October 2024 |archive-url=https://web.archive.org/web/20241007130344/https://www.yicaiglobal.com/news/jcet-gains-as-china-resources-takes-over-chip-packaging-firm-for-usd16-billion |url-status=live }}
See also
References
{{Reflist}}
External links
- {{Official website|http://www.crmicro.com}}
{{China Resources}}
{{Electronics industry in China}}
Category:2020 initial public offerings
Category:Companies based in Wuxi
Category:Companies formerly listed on the Hong Kong Stock Exchange
Category:Companies listed on the Shanghai Stock Exchange