After the Chinese economic reform, overseas products came into the market and state-owned enterprise like Nantong Transistor Factory which lacked competitiveness would go into financial distress.

[3] In 1994, Nantong Huada Microelectronics entered a partnership with Fujitsu where it would transfer the technology to it to assemble logic chips, including microcontrollers and linear integrated circuits, for consumer electronics.

[3][5] On 16 August 2007, NFME held its initial public offering becoming a listed company on the Shenzhen Stock Exchange.

[3][6] In October 2015, AMD agreed to sell the majority of its interests in two of its Asian manufacturing operations (Suzhou and Penang, Malaysia) to NFME for $371 million.

[9] In 2018, due to change in business strategy, Fujitsu sold its holdings in TFME to various Chinese stakeholders which included the China Integrated Circuit Industry Investment Fund.