Tongfu Microelectronics (TFME; ) is a publicly listed Chinese semiconductor company headquartered in Nantong, Jiangsu.
It is one of the largest Outsourced Semiconductor Assembly and Test (OSAT) companies in mainland China. It has a focus on developing advanced packaging for HPC, new energy, automotive electronics, and memory sectors.[2]
Background
The origins of TFME can be traced to Nantong Transistor Factory, a state-owned enterprise established in 1966 to produce transistors. After the reform and opening up, overseas products came into the market and state-owned enterprise like Nantong Transistor Factory which lacked competitiveness would go into financial distress. By the end of the 1980s, the factory was one of the poorest enterprises in Nantong and was close to bankruptcy.[3]
In 1990, Nanjing University graduate, Shi Mingda who was a long term employee of the factory and had become the factory manager decided along with several other employees to acquire the factory. The factory was restructured to a joint-stock company and renamed to Nantong Huada Microelectronics.