What Fudan Microelectronics Group does

Shanghai Fudan Microelectronics Group Co., Ltd. (FMSH) is a China-headquartered fabless IC design company founded in July 1998 and listed on the Hong Kong Stock Exchange (01385.HK) since 2000 and the SSE STAR Market since 2021, forming an A+H dual-listing structure. The company designs ASICs and system-on-chip solutions using self-developed MCU cores, EEPROM, RF, and security encryption technologies, organized around four product families: Security and Identification (RFID, contact/contactless/dual-interface CPU card chips, NFC control chips, identification readers), Smart Meter ASIC chips (32-bit ARM Cortex-M0 and 16-bit 8xC251 MCUs), NVM (EEPROM, SPI NOR Flash, NAND Flash), and Specific Analog Circuits, plus more recent additions in automotive-grade MCUs (AEC-Q100), ePLC communication ICs, and temperature sensor ICs.

FMSH operates a B2B direct enterprise sales model, selling chip products and system solutions to financial institutions, government agencies, and industrial customers. The company has shipped over 10 billion security and identification chips cumulatively, holds 50%+ market share in China's transportation card field, supplies 30+ bulk card-issuing banks (including CCB, BOC, PSBC, CEB, China Citic Bank, and CMBC), and sells products to 30+ countries through offices in Shanghai, Beijing, Shenzhen, Hong Kong, San Jose, Singapore, and Taipei. Notable firsts include the first domestic NFC control chip certified by NFC Forum (FM1930, 2013), the first IC layout-design to receive National Layout-Design Protection Approval (FM1008), and an EMVCo-certified dual-interface bank IC card chip (FM1280).

Revenue is generated primarily through hardware sales of proprietary chip products, supplemented by system solutions and cloud-based Uniqueness Issuance and Validation Services (UIVS) using PUF technology for anti-counterfeiting and traceability. The company reached a revenue milestone of "exceeded 1 billion yuan" in 2015. Certifications stack includes ISO 9001, ISO 14064-1, HSPM IECQ QC 080000, EMVCo, EAL4+, PBOC2.0/3.0, NFC Forum, and AEC-Q100. The company is closely affiliated with Fudan University, which provides a continuous talent pipeline and serves as its R&D foundation.

Name

Fudan Microelectronics Group

Legal name

Shanghai Fudan Microelectronics Group Co., Ltd.

Website

https://eng.fmsh.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shanghai Fudan Microelectronics Group (FMSH) is a Chinese fabless IC designer founded in 1998, producing security/identification chips, smart-meter ASICs, NVM memory, and automotive MCUs for banks, government agencies, and industrial customers across 30+ countries.

Ownership category

akta.pro rank

Product category

Semiconductor IC Design

NAICS

Semiconductor and Related Device Manufacturing (334413)

akta.pro primary industry

Security & Trusted Hardware ICs (Secure Element/TPM/Crypto) (HDAHABAF)

akta.pro secondary industry

Wireless Power Transfer & RFID/NFC Front-End ICs (HDAHAMAK)

Keywords

• Fabless IC design
• Smart card chips
• Non-volatile memory
• Smart meter ASICs
• Automotive microcontrollers

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Chip Product Sales: FMSH operates under a fabless business model, focusing on IC design while outsourcing manufacturing to partner foundries. The company generates revenue primarily from selling its proprietary semiconductor chips including security identification chips, smart meter ASICs, NVM (EEPROM, Flash memory), and analog circuits. Products are sold globally to financial institutions, government agencies, and industrial customers.
2. System Solution and Services: The company provides system solutions and cloud services including Uniqueness Issuance and Validation Services (UIVS) using PUF technology, enabling partners to implement anti-counterfeiting tracking, identity recognition, and special equipment identification.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Shanghai Fudan Microelectronics Group (FMSH) is a fabless IC design company that designs, develops, and sells proprietary semiconductor chips and system solutions, including security and identification chips (contact, contactless, and dual-interface CPU cards, NFC chips, RFID), smart meter ASICs/MCUs, non-volatile memory products (EEPROM, SPI NOR Flash, NAND Flash), specific analog circuits, automotive MCUs, and ePLC communication ICs. The company also provides turn-key chip-based solutions for bank cards, social security cards, smart transportation cards, smart meters, and a cloud-based Uniqueness Issuance and Validation Service (UIVS) using PUF technology for anti-counterfeiting.

Product overview

Shanghai Fudan Microelectronics Group Co., Ltd. (FMSH) is a leading semiconductor company specializing in ASIC design and system solutions. The company operates four main product families: (1) Security and Identification products including RFID chips, contact/contactless/dual-interface CPU smart cards (FM1208, FM1280), NFC control chips (FM1930), and identification reader devices; (2) NVM products including EEPROM (FM24C series), SPI NOR Flash, and NAND Flash memory; (3) Smart Meters ASIC chips including FM33A0xx ARM Cortex-M0 MCUs and FM33xx 8xC251 MCUs for smart meter applications; (4) Specific Analog Circuits for leakage protection, automotive, and industrial applications. The company also offers automotive MCUs (FM33LG0XXA), ePLC communication ICs, temperature sensor ICs, and specialized solutions for bank cards, social security cards, transportation cards, and uniqueness validation services. Founded in 1998, FMSH was listed in Hong Kong (stock code: 01385.HK) and later on SSE STAR Market, with products sold to over 30 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Security and Identification Product Line Complete family of security and identification chips including RFID chips, contact, contactless and dual-interface CPU cards, contactless readers, and SMAP mobile payment solutions for use in banking, social security, transportation, identity, and mobile payment applications.
• FM1208 Contactless CPU Card Chip 8K byte contactless CPU card chip supporting ISO14443 TypeA standard, used in transportation, campus cards, consumption, access control, and identity recognition applications.
• FM1280 Dual-interface CPU Card Chip 80K data space dual-interface chip supporting contact, contactless, and dual interface modes; supports GP standards, JAVA card application, UnionPay chip card security certification, PBOC2.0/3.0, and EAL4+ certification; EMVCo certified.
• NFC Control Chip FM1930 First domestic NFC control chip certified by the NFC Forum, supporting ISO14443 A/B protocols for NFC applications.
• Smart Meters ASIC Chips Smart meter MCU chips including FM33A0xx series (32-bit ARM Cortex-M0) and FM33xx series (16-bit 8xC251), featuring up to 512K Flash, LCD driver, and RTC with temperature compensation, used in single and three-phase smart meters.
• NVM (Non-Volatile Memory) Product Line Complete NVM product line including EEPROM (1Kbit-4Mbit), SPI NOR Flash (1Mbit-1Gbit), and NAND Flash (0.5Gbit-8Gbit) products.
• FM24C Series EEPROM Serial EEPROM products supporting IIC, SPI, and Microwire interfaces with densities from 2Kbit to 4Mbit, featuring up to 100-year data retention and up to 30,000 write cycles.
• SPI NOR Flash SPI interface Flash memory with densities from 0.5Mbit to 1Gbit, supporting SPI, Dual SPI, Quad SPI, and QPI interfaces, with up to 20-year data retention and 100k write cycles.
• SLC NAND Flash SLC NAND Flash products including FM25LS series (1.8V) and FM25S series (3.3V) with densities from 0.5Gbit to 8Gbit, featuring 6-10 years data retention and 100k write cycles.
• Specific Analog Circuits Dedicated analog circuits including earth leakage protection devices, lighting circuits, automotive and motorcycle circuits, communication circuits, and consumer electronics applications.
• Automotive MCU FM33LG0XXA Series Automotive MCU based on Arm Cortex-M0 core with up to 256KB Flash and 32KB RAM, integrating 12-bit SAR-ADC, CAN2.0B, LIN controller, AEC-Q100 certified for automotive body, safety, and comfort applications.
• ePLC (Enhanced Power Line Communication) IC Enhanced hardware and protocol solution for complex low voltage distribution network communication, covering Hardware Layer through Networking Layer, suitable for PLC environments with complex topology.
• FM13DT160 Temperature Sensor and Logger IC Dual frequency three interfaces temperature sensor with NFC HF contactless, UHF contactless, and I2C contact interfaces; supports battery-powered or battery-free operation with NDEF format temperature data storage.
• NNVM Dual Interface NVM with NFC Tag Dual interface NVM with contact I/F (SPI/IIC) and wireless I/F (NFC), enabling embedded devices to communicate with smartphones; applications include intelligent router, WIFI module, Bluetooth OTA, medical equipment.
• UIVS (Uniqueness Issuance and Validation Services) Cloud-based uniqueness validation service using RFID chips with PUF technology as unique identifiers that cannot be replicated even by the company itself; applied in anti-counterfeiting tracking, identity recognition, and special equipment identification.
• Bank Card Solution Chip solution for financial IC cards supporting PBOC2.0/3.0 debit/credit, electronic cash, QPBOC, with security features including EAL4+ and commercial password certification.
• Social Security Card Solution Chip solution for social security cards combining FM12CD32 with 32K data space, supporting PBOC2.0 and social security card standards for government-issued social security, healthcare, and resident identity cards.
• Smart Transportation Card Solution Standard contactless CPU application using FM1208 chip for urban transportation including prepaid cards, subway tickets, highway access cards, and citizen cards.
• Smart Meter Solution Highly integrated chip solution for smart meters with reliable metering, rich resources, and easy development supporting China Southern Power Grid and State Grid implementations.

Quantifiable outcome

• Over 10 billion pieces of chips shipped to market in medical insurance, e-purse, transportation, ID applications
• +8 more outcomes

Named customers13 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Fudan UniversitycoreStrategic or Co-development Partner · 1 January 1998FMSH was established based on Fudan University's IC Technology Center. The company receives top technical talent directly from Fudan University and maintains close collaboration with university's research labs. This partnership provides continuous access to research expertise and talent pipeline.
• Chinese Science & Technology UniversityminorStrategic or Co-development PartnerEstablished SOC laboratory partnership for research and development activities in integrated circuit design and related technologies.
• XiaomicoreStrategic or Co-development PartnerStrategic partnership to enable Xiaomi public transportation card business using FMSH's NFCOS mobile payment platform. The partnership launched the first case of releasing air public traffic cards based on terminal NFC mobile in domestic Chinese cities in Shanghai on January 9, 2015.
• Gliding EagleminorStrategic or Co-development PartnerCompany providing global trade systems and data services to wineries in nearly 20 countries. Partnership uses FMSH's UIVS unique labels for authenticity verification on bottles of American red wine sold to China.
• Special OlympicscoreStrategic or Co-development PartnerFMSH became sponsor of RFID chip technology for worldwide health plan of Special Olympics athletes from 2009 to 2017, providing RFID security and identification series products. The partnership includes technical sponsorship and health-related RFID support at Special Olympics events worldwide.
• China Mobile (Shanghai)minorStrategic or Co-development PartnerPartnership with China Mobile Shanghai and SPTCC to develop Travel Card for Mobile Phone using FMSH's NFC OTA Business Service Platform. Enables account top-up, balance enquiry, and transaction record services via mobile phone.
• Various Fab PartnerscoreTechnology or IntegrationFMSH collaborates with high quality fab (fabrication) partners to manufacture its designed chips. The fabless business model relies on these partnerships for production of IC chips using advanced product lines and production techniques.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• GigaDevice Semiconductor: Chinese fabless IC designer competing with FMSH across NVM (NOR Flash, NAND Flash) and general-purpose MCU product lines. Highly comparable in memory products (SPI NOR Flash, EEPROM) and increasingly overlapping in 32-bit MCUs.
• Infineon Technologies: Major producer of security controllers, contactless smart card ICs, and secure elements for banking, government ID, and transit. Directly comparable to FMSH in product categories and certification standards (EMVCo, PBOC-equivalent), but with deeper global presence.
• STMicroelectronics: Supplies secure MCUs, NFC controllers, and contactless ICs for banking, transport, and IoT. Comparable to FMSH across secure MCU, NFC control, and smart card chip offerings, especially in automotive-grade and secure element categories.
• CEC Huada Electronic Design: Chinese state-affiliated smart card IC designer and one of FMSH's main domestic competitors in financial IC cards, social security cards, and government identification chips. Direct head-to-head competition in PBOC-certified banking chip markets.
• NXP Semiconductors: Global leader in secure connectivity and identification ICs, including EMVCo-certified smart card chips, NFC controllers, and secure elements. Closely comparable to FMSH's security/identification and NFC product lines, though at much larger scale and with global banking and transit deployments.
• Nations Technologies: Leading Chinese fabless IC designer specializing in security chips, smart card ICs, and MCU products. The most direct Chinese competitor to FMSH in security identification and financial IC markets, competing head-to-head in PBOC and transit verticals.

Emerging players

• Will Semiconductor: Chinese fabless IC designer with growing presence in analog, power management, and signal chain products. Adjacent peer to FMSH with overlap in specific analog circuits and growing Chinese semiconductor design ecosystem participation.
• Macronix International: Taiwan-based non-volatile memory IC specialist offering NOR Flash and NAND Flash products overlapping with FMSH's NVM product line. Comparable in SPI NOR Flash and memory density ranges but lacks FMSH's security IC and MCU breadth.

Broad incumbents

• Renesas Electronics: Global automotive MCU leader with deep Tier-1 OEM relationships and AEC-Q100 qualified portfolio. Comparable to FMSH's FM33LG0XXA automotive MCU family but with vastly greater scale, application library, and customer base.
• Winbond Electronics: Taiwanese specialty memory IC manufacturer with broad product portfolio spanning SPI NOR Flash, DRAM, and Mobile RAM. Comparable to FMSH's NVM product line (EEPROM, NOR/NAND Flash) but at larger scale and broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/shanghai-fudan-microelectronics-group

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fudan Microelectronics Group