Billionaire Profile: Chen Qiongxiang

Overview

Chen Qiongxiang is a Chinese business magnate who has made his fortune in the manufacturing of electronic components. He is the founder of Shenzhen Goodix Technology Co. Ltd, a company that specializes in the production of touchscreen and fingerprint recognition modules for mobile phones, tablets, and laptops. Chen Qiongxiang is recognized as one of the richest people in China, with a net worth of over $3 billion according to Forbes.

Early Life and Education

Chen Qiongxiang was born in 1970 in Fuzhou, a city located in the Fujian Province of China. He grew up in a family of modest means and was not exposed to many luxuries in his childhood. Chen Qiongxiang demonstrated an aptitude for science and mathematics at an early age, and he was considered a bright student by his teachers.

After completing his high school education, Chen Qiongxiang enrolled at Fuzhou University to study engineering. He graduated with a degree in Electronics and Communication Engineering in 1991. Chen Qiongxiang went on to receive a master’s degree in Electronics from Tsinghua University in Beijing in 1994.

Career and Achievements

After completing his studies, Chen Qiongxiang started his career in the electronics industry. He worked as an engineer at several companies, including Shenzhen Chihe Electronic Co. Ltd and Beijing TCL Electronics Co. Ltd. Chen Qiongxiang gained considerable experience in the design and manufacturing of electronic components during this time.

In 2002, Chen Qiongxiang founded Goodix Technology Inc. with a team of engineers. The company initially focused on the development of touchscreens for mobile phones and tablets. In 2011, Goodix Technology Inc. launched its first fingerprint recognition module for mobile phones. This product proved to be a game-changer for the company’s future growth.

Today, Shenzhen Goodix Technology Co. Ltd is a publicly traded company with a market capitalization of over $10 billion. The company has continued to innovate and expand, with a strong focus on research and development. Chen Qiongxiang is the chairman of the board and the largest shareholder of the company, with a 58% stake.

Personal Life

Chen Qiongxiang is married with two children. He is known for his relatively low-profile and modest lifestyle. Chen Qiongxiang is a philanthropist who has donated generously to educational and medical causes in China.

Profile