Zhuhai Juli founder of the sudden departure of pass by investors crowding

Led enterprises successfully landed on the NASDAQ after 4 months, the Zhuhai fire Blx Ic Design Corp (hereinafter referred to as the "Zhuhai fire") founder Zhao Guangmin suddenly announced his resignation.

Recently, a person close to Zhao Guangmin told reporters the news. The source said he received an email from Zhao Guangmin in March 30th. Zhao in the mail to partner with the old friend said thanks, saying "will leave Zhuhai actions recently".

Reporter linked to Zhao himself, he said it confirmed. I have been at home for more than two months, in fact, after the Spring Festival is ready to leave, but now the procedures have not yet done." Zhao said.

Zhao Guangmin in the early 80s of last century, graduated from Xi'an Jiao Tong University, has worked in a number of semiconductor companies. In December 2001, Zhao Guangmin founded and served as general manager of Zhuhai fire force. Zhuhai fire force a total investment of $10 million, mainly engaged in VLSI design and test production. Funded by Taiwan holdings, Zhao Guangmin in which the shares are unknown.

Under the leadership of Zhao Guangmin, keen to capture the MP3 chip on the opportunity, Zhuhai actions achieved rapid development. In 2002, the Zhuhai fire sales of only 1 million 80 thousand yuan; in 2003, sales increased to 40 million yuan; by 2004, sales soared to 460 million yuan, net profit of up to 200 million yuan.

At the same time, Zhuhai actions also launched a more than and 10 chip with independent intellectual property rights. In 2004, the company was selected as one of the ten domestic IC design companies in china. By the fourth quarter of 2004, Zhuhai actions in the global market share in the first MP3 chip.

In November 30, 2005, the Zhuhai fire force as the main body of the Action Semiconductor Co.Ltd (Nasdaq:ACTS) is listed on Nasdaq, the first $72 million of financing. Since listing, the market response is good for Zhuhai actions, and continue the investment bank analyst its stock rating to "buy".

With the rapid development of Zhuhai actions over the same period to the patent disputes. Two days ago a message in Zhao Guangmin's resignation, the United States International Trade Commission initially ruled that part of the audio processor of Zhuhai fire force infringed two patents of American SigmaTel company. SigmaTel is one of the world's leading mobile phone and digital audio player chip manufacturers, the company at the beginning of last year to the United States District Court Austen filed a lawsuit accusing Zhuhai of actions violated its patents.

"Now I can't say anything. But it certainly doesn't matter." The phone Zhao Guangmin about to speak, but saying nothing.

The reason for the departure of Zhao, the Zhuhai fire official answer is "retirement". The company is responsible for media relations staff said, although not yet retired age, but Zhao has been successful in this industry, making a decision to retire is also very natural."

However, close to Zhao Guangmin insiders do not see. He said Zhao's departure was related to investors.

The sources, as early as in Zhuhai actions before the listing, convenient replacement investment company executives thought. Public information, Zhao Guangmin in the Zhuhai fire general manager tenure until August 2005, it was listed companies ready to sprint. Zhao took over as general manager, it is with many years of experience in the semiconductor industry in Taiwan, Chinese nationals Ye Nanhong.

In this process, after the listing in a media interview, Zhao Guangmin admitted: "for listing, sometimes to take their surgery!"

According to Zhao Toulu, in order to make Zhuhai actions more in line with the tastes of Zhuhai investors, a number of actions to update the board of directors and senior management members before listing. Most of these people have a deep background in the chip industry, and familiar to overseas investors, including former vice president of international operations Qiu Ciyun.

Interestingly, in Zhuhai's actions in the prospectus, as the founder of the Zhao Guangmin did not appear in the list of shareholders, nor the name of Zhao executive team.