[3] In July 1997, COSCO acquired a controlling stake in Shanghai Zhong Cheng Industrial.

[4] In 2006, Salim Group acquired a controlling stake in COSCO Development and the company was renamed to Shanghai Wanye Enterprises.

[5][6] Due to the sluggish real estate market, Salim Group looked to transform SWEC into a semiconductor company by acquiring overseas firms although the initial plan did not materialize.

In November 2015, the Shanghai Pudong Science and Technology Investment Company became the largest shareholder of SWEC after a share transfer agreement with Salim Group.

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