China Resources Microelectronics

China Resources Microelectronics, commonly known as CR Micro, is a Chinese semiconductor company headquartered in Wuxi, Jiangsu, and controlled by China Resources. Its business developed from the semiconductor assets associated with Wuxi Huajing Electronics, a state-owned semiconductor project established in Wuxi. The company is principally associated with integrated device manufacturing and combines semiconductor manufacturing, device development, and integrated-circuit activities within the China Resources group. The company’s corporate history reflects the consolidation of China’s semiconductor assets under China Resources. In September 2002, China Resources acquired Wuxi Huajing Electronics and transferred it to China Resources Logic, a group subsidiary that was later renamed China Resources Gas. The acquired operation was renamed Wuxi China Resources Microelectronics. In May 2006, China Resources Logic became the controlling shareholder of CSMC Technologies, a semiconductor company listed on the Hong Kong Stock Exchange. In November 2007, China Resources Logic transferred its entire semiconductor business to CSMC Technologies in an effort to combine related operations. CSMC Technologies adopted the China Resources Microelectronics name in March 2008. CR Micro was previously a Hong Kong-listed company. China Resources considered taking the business private in 2011, and the company was delisted from the Hong Kong Stock Exchange later that year. It returned to the public markets in February 2020 through a listing on the Shanghai Stock Exchange’s STAR Market. The listing was notable because CR Micro was described as the first red-chip company to list on the Shanghai exchange. Its Shanghai listing gave the group a domestic capital-market platform at a time when semiconductor manufacturing and supply-chain development were increasingly important areas of Chinese industrial policy. The company’s operating scope centers on semiconductor devices and integrated circuits. As an integrated device manufacturer, it is associated with the design, development, and manufacture of semiconductor products rather than with only one stage of the value chain. Its activities include wafer-fabrication capabilities and semiconductor device businesses. Publicly described development plans have also included expansion of advanced manufacturing capacity. In August 2023, CR Micro approved a plan for its Shenzhen subsidiary, Runpeng Semiconductors, to sell shares to a group of investors that included the China Integrated Circuit Industry Investment Fund. The stated purpose was to support construction of a 12-inch wafer foundry in Shenzhen. CR Micro’s position within China Resources also gives it a role in the group’s broader industrial portfolio. In March 2024, the company acquired a 22.5 percent stake in Jiangsu Changjiang Electronics Technology, commonly known as JCET, making CR Micro the controlling shareholder according to the referenced account. The transaction expanded its relationship with semiconductor assembly and testing and connected CR Micro’s manufacturing and device activities with one of China’s major semiconductor packaging and testing businesses. The company is primarily China-focused, although semiconductor products and manufacturing services operate within globally connected supply chains. It is described in reference material as China’s largest integrated device manufacturer. That characterization should be understood as a description of its position in the Chinese semiconductor industry rather than as a claim that it is the largest semiconductor company worldwide. The available reference material does not identify a current chief executive, detailed revenue figures, product-level sales, or an official corporate website. Those fields are therefore left unspecified.

China Resources Microelectronics traces its origins to Wuxi Huajing Electronics, a state-owned semiconductor project in Wuxi. The operation became part of China Resources in September 2002, when China Resources acquired it and transferred it to China Resources Logic. It was subsequently renamed Wuxi China Resources Microelectronics, establishing the corporate link between the Wuxi semiconductor assets and the China Resources group. The next major phase was the consolidation of semiconductor holdings. In May 2006, China Resources Logic became the controlling shareholder of CSMC Technologies, a semiconductor business listed on the Hong Kong Stock Exchange under ticker 597. In November 2007, China Resources Logic transferred its complete semiconductor business to CSMC Technologies. This transaction was intended to combine the group’s semiconductor activities in one corporate vehicle. CSMC Technologies changed its name to China Resources Microelectronics in March 2008. China Resources considered taking the company private in 2011. Later that year, CR Micro was delisted from the Hong Kong Stock Exchange. After the delisting, the company remained part of China Resources’ semiconductor operations and continued developing its integrated device manufacturing and semiconductor product businesses. In February 2020, CR Micro returned to public trading through a listing on the Shanghai Stock Exchange STAR Market. The listing was identified as the first red-chip company listing on the Shanghai exchange. The move provided a domestic public-market platform for a company operating in a strategically important industrial sector and placed CR Micro within the STAR Market’s technology-oriented listing environment. The company pursued further manufacturing expansion during the 2020s. In August 2023, it approved a plan under which its Shenzhen subsidiary, Runpeng Semiconductors, would sell shares to multiple investors, including the China Integrated Circuit Industry Investment Fund. The intended use of the investment was construction of a 12-inch wafer foundry in Shenzhen, representing an effort to increase large-wafer manufacturing capacity. In March 2024, CR Micro acquired a 22.5 percent stake in JCET, also known as Jiangsu Changjiang Electronics Technology. The acquisition made CR Micro the controlling shareholder according to the referenced source. JCET is a major semiconductor assembly and testing company, so the transaction broadened CR Micro’s position across the semiconductor value chain and strengthened its connection to packaging and testing capabilities. CR Micro is described as China’s largest integrated device manufacturer and operates as a subsidiary of China Resources. Its business identity is built around semiconductor manufacturing, integrated circuits, and semiconductor devices, with a particular emphasis on combining design and manufacturing capabilities. The available reference material does not provide a verified founding year, current executive roster, detailed product catalogue, financial history, or official website address.

• 2024

  CR Micro acquired control of JCET

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  CR Micro acquired a 22.5 percent stake in JCET and became its controlling shareholder according to the referenced account.

• 2023

  Runpeng Semiconductors pursued investment for a Shenzhen 12-inch fab

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  CR Micro approved a share sale by its Shenzhen subsidiary to investors including the China Integrated Circuit Industry Investment Fund, with proceeds intended for a 12-inch wafer foundry.

• 2020

  CR Micro listed on the Shanghai STAR Market

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  The company returned to public markets through a Shanghai STAR Market listing and was described as the first red-chip company to list on the Shanghai Stock Exchange.

• 2011

  The company was taken private and delisted from Hong Kong

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  China Resources considered a buyout of CR Micro, which was subsequently delisted from the Hong Kong Stock Exchange later in the year.

• 2008

  CSMC Technologies adopted the China Resources Microelectronics name

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  The Hong Kong-listed semiconductor vehicle changed its name to China Resources Microelectronics.

• 2007

  Semiconductor operations were consolidated in CSMC Technologies

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  China Resources Logic transferred its entire semiconductor business to CSMC Technologies to consolidate the group’s semiconductor assets.

• 2006

  China Resources Logic became CSMC Technologies’ controlling shareholder

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  China Resources Logic took control of CSMC Technologies, a semiconductor company listed in Hong Kong.

• 2002

  China Resources acquired Wuxi Huajing Electronics

  [1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  China Resources acquired the Wuxi state-owned semiconductor operation and transferred it to China Resources Logic. The business was renamed Wuxi China Resources Microelectronics.

A China Resources-backed integrated device manufacturer combining semiconductor design, device development, wafer manufacturing, and related semiconductor businesses.

• Semiconductor products

  Semiconductor devices

  CR Micro develops and manufactures semiconductor devices as part of its integrated device manufacturing business. The available reference material identifies semiconductor devices as a core product area but does not provide a sufficiently detailed verified catalogue of individual device families, application segments, or commercial product names.

• Integrated circuits

  Integrated circuits

  Integrated circuits are among CR Micro’s stated business areas. The company’s corporate history and positioning connect its activities with both semiconductor design and manufacturing, although the supplied sources do not specify individual circuit architectures, branded series, or launch dates.

• Semiconductor manufacturing

  Wafer fabrication

  Wafer fabrication is a central capability in CR Micro’s integrated device manufacturing model. In 2023, the company approved an investment plan involving Runpeng Semiconductors and a proposed 12-inch wafer foundry in Shenzhen, indicating a focus on expanding large-wafer manufacturing capacity.

• Semiconductor packaging and testing · 2024

  Semiconductor assembly and testing through JCET

  Following its 2024 acquisition of a 22.5 percent stake in JCET, CR Micro gained control of a major semiconductor assembly and testing business according to the referenced account. This expands the group’s presence beyond wafer manufacturing and devices into downstream packaging and testing.

• 2024

  Acquisition of a controlling stake in JCETM&A

  Background

  CR Micro pursued greater integration across semiconductor manufacturing and downstream services.

  Action taken

  The company acquired a 22.5 percent stake in Jiangsu Changjiang Electronics Technology, or JCET.

  Aftermath

  The transaction made CR Micro the controlling shareholder of JCET according to the referenced account and expanded its exposure to semiconductor assembly and testing.

  Source

• 2023

  Investment plan for a Shenzhen 12-inch wafer foundryStrategy

  Background

  CR Micro sought to expand semiconductor manufacturing capacity through its Shenzhen subsidiary, Runpeng Semiconductors.

  Action taken

  The company approved a plan for Runpeng Semiconductors to sell shares to several investors, including the China Integrated Circuit Industry Investment Fund.

  Aftermath

  The investment plan was intended to support construction of a 12-inch wafer foundry in Shenzhen.

  Source

• 2020

  Shanghai STAR Market listingOther

  Background

  After its Hong Kong delisting, CR Micro sought a domestic public-market platform in China.

  Action taken

  The company listed on the Shanghai Stock Exchange STAR Market in February 2020.

  Aftermath

  The listing made CR Micro a publicly traded Shanghai company under ticker 688396 and was described as the first red-chip listing on the Shanghai exchange.

  Source

• 2011

  Private-equity and Hong Kong delisting processOther

  Background

  China Resources considered taking CR Micro private after the company had operated as a Hong Kong-listed semiconductor business.

  Action taken

  The company was delisted from the Hong Kong Stock Exchange later in 2011.

  Aftermath

  CR Micro later returned to the public markets through a Shanghai STAR Market listing in 2020.

  Source

• 2007

  Consolidation of China Resources semiconductor operationsStrategy

  Background

  China Resources Logic controlled both its existing semiconductor activities and CSMC Technologies.

  Action taken

  The group transferred its entire semiconductor business to CSMC Technologies so that the semiconductor operations could be combined in one corporate vehicle.

  Aftermath

  CSMC Technologies changed its name to China Resources Microelectronics in 2008.

  Source

• 2024

  China Resources Microelectronics acquired a 22.5% stake in JCET[1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  M&A

  CR Micro acquired a 22.5 percent interest in Jiangsu Changjiang Electronics Technology, or JCET, and became its controlling shareholder according to the referenced account.

• 2023

  Runpeng Semiconductors approved a share sale to support Shenzhen wafer-fab development[1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  M&A

  CR Micro approved a plan for its Shenzhen subsidiary, Runpeng Semiconductors, to sell shares to several investors, including the China Integrated Circuit Industry Investment Fund. The plan was intended to support development of a 12-inch wafer foundry in Shenzhen.

• 2020

  China Resources Microelectronics listed on the Shanghai STAR Market[1]China Resources Microelectronics - Wikipediaen.wikipedia.org

  Other

  CR Micro completed a listing on the Shanghai Stock Exchange STAR Market in February 2020. The listing was described as the first STAR Market listing by a red-chip company.

1. 1China Resources Microelectronics - Wikipediaen.wikipedia.org