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Who is Yu Renrong, China’s only chip industry representative at Xi Jinping’s symposium?
Yu founded Will Semiconductor in 2007 and has made a name as a successful deal maker in China’s chip industry
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Ann Caoin Shanghai
Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers.
In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen sitting alongside Xiaomi founder Lei Jun and BYD founder Wang Chuanfu, while delivering a speech with papers in his hands. He was one of six entrepreneurs who spoke at the meeting, along with Huawei Technologies founder Ren Zhengfei.
Yu’s presence at the meeting, along with Alibaba Group Holding founder Jack Ma, Tencent founder Pony Ma Huateng and DeepSeek founder Liang Wenfeng, did not go unnoticed. On Wednesday, Will Semiconductor’s shares jumped by the 10 per cent daily limit in Shanghai.
Yu founded Will Semiconductor in 2007 and has made successful investments in other chip companies. He was China’s 81st richest person with a net worth of US$4.72 billion, according to a list released by Forbes in November.
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