In 2010, Chen Lu returned to China from the U.S. after obtaining his doctorate from Brown University and working for Rudolph Technologies and KLA-Tencor.

He worked at The Institute of Microelectronics of the Chinese Academy of Sciences where is headed an optical instruments and equipment project.

[2][4] In 2019, Skyverse started selling its chip semiconductor testing equipment to major Chinese chipmakers partially due to trade tensions with the U.S.

It aims to take on KLA Corporation which is the world's biggest semiconductor testing tool provider.

[5][4] In December 2024, Skyverse was targeted in a new round of US export controls and added to the United States Department of Commerce's Entity List.