AI Data Center Beneficiary Executive Sells Shares Worth Billions in Three Transactions

Credo’s Chief Technology Officer, Cheng Chi Fung, sold shares in three separate tranches—on April 22, April 27 and May 1, 2026—under a pre-established Rule 10b5-1 plan through the Cheng Huang Family Trust. He disposed of tens of thousands of shares in the open market, raising roughly $17 million (about ₩240 billion). Even after this sale, he retains over 6 million shares in total—combining the family trust’s holdings and his personal stake—representing an equity value of approximately $1.1 billion (about ₩1.5 trillion) based on the transaction price.

Meanwhile, on April 13 the company announced an agreement to acquire DustPhotonics, a silicon photonics–based optical transceiver provider. In March, it also accelerated its M&A and litigation efforts by resolving its AEC patent dispute with TE Connectivity and Molex through a cross-license and settlement.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) is a U.S. fabless semiconductor company that designs and supplies high-speed, low-power connectivity solutions for AI data centers, cloud computing and hyperscale infrastructure. CTO Cheng Chi Fung oversees core technologies such as AEC and optical DSP and is regularly identified in regulatory filings as a key insider holding a significant company stake through his family trust.