Monday, December 28, 2020

The Richest Man in China's Semiconductor Industry is "Image Sensor Man"

Halo Finance, DayDayNews: Will Semiconductor chairman and Omnivision CEO Renrong Yu is the richest man in China semiconductor industry. Will Semi is a mother company of Omnivision, Superpix, and Celepixel.

This year, Renrong Yu is ranked 65th on the Forbes China Rich List with a wealth of 51.38 billion yuan ($7.86 billion), an increase of 21.12 billion yuan over the last year. Compared with 2017, the value has increased by nearly 15 times.

On May 4, 2017, at IPO time, the stock price of Will Semi shares was 7 yuan. On December 25 this year, the stock price of Weir shares was 220 yuan, with a total market value of 190.872 billion. The stock price has increased by more than 30 times in 3.5 years.

Will Semi shares have become a "dark horse" with a market value of 100 billion, thanks to the "snake swallowing elephant" acquisition of Beijing Omnivision. It is worth mentioning that in 2018, when Will Semi decided to acquire Omnivision  at a price of 13 billion yuan, Omnivision's total assets were almost 5 times that of Will's and its net assets were nearly 8 times.

Renrong Yu has graduated from Radio Department of Tsinghua University in 1990. He belongs to the group of alumni of this University that many Chinese semiconductor executives originating from. The incomplete list includes Zhao Lixin, founder of Galaxycore Microelectronics, Zhao Weiguo, founder of Tsinghua Unigroup, Shu Qingming, one of the founders of GigaDevice, Feng Chenhui, co-founder of Maxscend Microelectronics, and Zhao Lidong, founder of Enflame Technology, all studied at Tsinghua University Radio Department in 1985-1990.

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