China Resources Microelectronics
| Company type | Public, state-owned enterprise |
|---|---|
| Industry | Semiconductor |
| Predecessor | Wuxi Huajing Electronics |
| Founded | 2002 |
| Headquarters | Wuxi , China |
Area served | China |
| Parent | China Resources |
China Resources Microelectronics (abbreviated as CR Micro; ) is a Chinese semiconductor firm with partial state ownership and public listing status, headquartered in Wuxi, Jiangsu. It stands as the largest integrated device manufacturer within China and operates as a subsidiary under the umbrella of China Resources.
Background
The origins of CR Micro trace back to Wuxi Huajing Electronics, a state-owned semiconductor manufacturing facility located in Wuxi. In September 2002, China Resources took over this entity, transferring its control to its affiliate China Resources Logic (currently known as China Resources Gas), and subsequently renamed it Wuxi China Resources Microelectronics.
By May 2006, China Resources Logic had become the majority shareholder of CSMC Technologies, a semiconductor enterprise publicly traded on the Hong Kong Stock Exchange under the ticker '597'. To streamline operations, China Resources Logic divested its entire semiconductor division to CSMC Technologies in November 2007. Following this transition, CSMC Technologies adopted the name CR Micro in March 2008.
In July 2011, China Resources explored the possibility of privatizing CR Micro through a buyout, leading to the company’s withdrawal from the Hong Kong Stock Exchange later that year.
February 2020 marked CR Micro’s debut on the Shanghai Stock Exchange STAR Market, distinguishing itself as the first Red chip company to be listed on this platform.
In August 2023, CR Micro sanctioned a proposal for its Shenzhen-based subsidiary Runpeng Semiconductors to issue shares to investors including the China Integrated Circuit Industry Investment Fund, with the objective of establishing a 12-inch wafer fabrication facility in Shenzhen.
Most recently, in March 2024, CR Micro secured a 22.5% equity interest in JCET, thereby becoming its controlling shareholder.