[2][3][4] In 2002, Shenyang Xinyuan Advanced Semiconductor Technology (later rebranded to Kingsemi) was established which was led by Zong.

[2][3] On 16 December 2019, Kingsemi held its initial public offering becoming a listed company on the Shanghai Stock Exchange STAR Market.

[2][3][4] In 2024 at a product presentation event, Kingsemi stated it was only domestic company that could produce spin-coater developing equipment.

It received CNY2.2 billion worth of orders in 2023 due to demand for advanced packaging and foundry process equipment.

[5] In December 2024, Kingsemi was targeted in a new round of US export controls and added to the United States Department of Commerce's Entity List.