The unique phase transformation and carbide evolution in 9Cr18 steel were investigated during semi-solid forming and subsequent heat treatment. The functional gradient thixoforging 9Cr18 component was divided into inner area and edge area. Microstructure evolution was different at each area. After semi-solid cooling, the solid particles in the inner area were retained as meta-austenite. During annealing, M 23 C 6 carbide began to precipitate when temperature reached 700°C. Martensite transformation occurred when temperature reached 800°C. The occurrence of M 23 C 6 carbide and martensite structure would be harmful to the mechanical properties of inner area. In the edge area, the liquid underwent eutectic transformation to form bar-shape M 7 C 3 carbide and secondary austenite after semi-solid cooling. The width of bar-shape carbide would decrease during annealing. By controlling the carbide evolution, we could tailor the functional gradient material with required property.