➀ The management team of Chinese EDA company Xinhua Zhang has undergone a major shakeup recently.
➁ Wang Libin, the founder, chairman, and CEO of Xinhua Zhang, has resigned from his position as CEO, and Xie Zhonghui and Qi Zhenghua have taken over as joint CEOs.
➂ Fu Yong, the CTO, and Fu Qiang, the COO, have also reportedly left the company.
➀ Nanjing EDA company, Xinhua Zhang, has completed a strategic upgrade in early 2025, appointing Xie Zhonghui and Qi Zhenghua as Co-CEOs, and Wang Libin as Chairman, focusing on strategic resource integration and financing.
➁ Xinhua Zhang was established in Nanjing in March 2020, focusing on digital verification, offering verification solutions from chips to systems, and has released over a dozen digital verification products with over 200 independently developed patent applications.
➂ The management change is a key step for Xinhua Zhang's scaling-up development, aiming to strengthen strategic execution, accelerate product and market collaboration, and respond to the increasingly intense semiconductor EDA market competition.
