China Resources Microelectronics (CR Micro), the leading IDM in China, is expanding its production capacity in Chongqing City. By the end of this year, CR Micro anticipates a monthly output of 20,000 to 25,000 wafers from its 12-inch production line in Chongqing, which focuses on power devices, including MOSFETs and IGBTs.
The company's investor relations activity record indicates that product verification and ramp-up progress are on track, with an expected output of 20,000 wafers by year-end, and an ambitious goal of reaching 25,000 wafers. Looking ahead to next year, CR Micro aims to further enhance its production capabilities, with a projected capacity of 30,000-35,000 wafers.
Moreover, CR Micro is planning to launch another 12-inch production line in Shenzhen by the end of 2024. This upcoming facility will specialize in 40-90nm specialty analog power IC products, such as power drivers, battery protection, and microcontrollers (MCUs).
Established in 2003, CR Micro is headquartered in Wuxi, Jiangsu Province, in eastern China. The company focuses on power semiconductors and intelligent sensors and became publicly listed on the Shanghai Stock Exchange in 2020.
CR Micro also disclosed its scaling efforts in SiC and GaN production. In the first half of this year, the revenue from SiC and GaN products witnessed an impressive year-on-year increase of approximately 3.6 times. The company expects the growth rate to continue rising in the second half of the year.
Notably, CR Micro's SiC products find applications in automotive electronics, charging stations, industrial power supplies, photovoltaics, and energy storage, among others. On the other hand, GaN products are primarily used in PC power supplies, motor drives, lighting power supplies, and fast charging for mobile phones. As part of its strategic partnerships, CR Micro collaborates with industry-leading customers in communication, industrial control, lighting, and fast charging domains.
