In a series of major developments across China's semiconductor industry, several leading companies have announced executive transitions, strategic restructurings, and major share transfers, signaling a period of significant transformation.

China Resources Microelectronics Chairman Resigns

On March 7, CR Micro announced the resignation of Chairman Chen Xiaojun due to work adjustments. Chen, who led the company since 2020, played a crucial role in corporate governance and strategic planning, particularly during CR Micro’s STAR Market listing that same year.

During his tenure, CR Micro strengthened its position as a leading power semiconductor manufacturer with a fully integrated supply chain covering IC design, wafer fabrication, packaging, and testing. The company confirmed that its board remains functional, and a new chairman will be appointed soon.

CR Micro, a subsidiary of China Resources Group, has established itself as a key player in power semiconductors, intelligent sensors, and control solutions, serving customers across China, Hong Kong, and Taiwan.

Goodix Technology CEO Steps Down

On March 10, Goodix Technology announced that President Hu Yuhua had resigned for personal reasons. Hu, an industry veteran with extensive experience at Texas Instruments, had been leading Goodix since 2021.

Goodix, founded in 2002, is a semiconductor solutions provider specializing in smart terminals, IoT, and automotive electronics. The company supplies major global brands, including Huawei, OPPO, vivo, Xiaomi, Amazon, and Samsung. Listed on the Shanghai Stock Exchange since 2016, Goodix currently holds a market capitalization of 36.6 billion yuan.

The company's 2023 annual report revealed that Hu’s pre-tax salary for the reporting period was 8.28 million yuan.

KINGSEMI Sees Executive and Shareholder Changes

On March 11, KINGSEMI announced that Vice President Chen Xinglong had resigned, and Zhao Naixia was appointed as the new Vice President. The announcement came amid a major share transfer agreement between KINGSEMI's shareholder, Shenyang Advanced Manufacturing Technology, and Beijing-based North Huachuang (NAURA).

NAURA is acquiring 9.49% of NE Micro's shares at ¥88.48 per share, while another shareholder, Shenyang Zhongke Tiensheng, is seeking to sell its 8.41% stake via public bidding. NAURA intends to increase its holdings through competitive bidding, ultimately gaining controlling interest in KINGSEMI.

The company stated that this ownership restructuring aligns with national semiconductor industry policies and will enhance business synergies between KINGSEMI and NAURA, given their complementary product lines.

X-Epic Appoints Co-CEOs in Strategic Overhaul

X-Epic, a rising EDA (Electronic Design Automation) company, has undergone a leadership restructuring, appointing Xie Zhonghui and Qi Zhenghua as Co-CEOs while Chairman Wang Libin shifts focus to strategic resource integration and financing.

With over ¥2 billion in funding and a valuation exceeding ¥7 billion, X-Epic is a key player in digital verification EDA tools, offering hardware emulation, FPGA prototyping, smart scenario verification, and logic simulation. The company aims to accelerate AI-driven verification solutions and enhance customer responsiveness.

A Pivotal Moment for China's Semiconductor Industry

These executive changes and strategic moves highlight the dynamic shifts in China's semiconductor landscape, as companies streamline leadership, strengthen partnerships, and expand technological capabilities to remain competitive in an increasingly high-stakes global market.