Let k be the algebraic closure of a finite field of odd characteristic p and X a smooth projective scheme over the Witt ring W (k) which is geometrically connected in characteristic zero. We introduce the notion of Higgs-de Rham flow 1 and prove that the category of periodic Higgs-de Rham flows over X/W (k) is equivalent to the category of Fontaine modules, hence further equivalent to the category of crystalline representations of theétale fundamental group π 1 (X K ) of the generic fiber of X, after Fontaine-Laffaille and Faltings. Moreover, we prove that every semistable Higgs bundle over the special fiber X k of X of rank ≤ p initiates a semistable Higgs-de Rham flow and thus those of rank ≤ p − 1 with trivial Chern classes induce k-representations of π 1 (X K ). A fundamental construction in this paper is the inverse Cartier transform over a truncated Witt ring. In characteristic p, it was constructed by Ogus-Vologodsky in the nonabelian Hodge theory in positive characteristic; in the affine local case, our construction is related to the local Ogus-Vologodsky correspondence of Shiho. 45 7. Rigidity theorem for Fontaine modules 51 Appendix A. Semistable Higgs bundles of small ranks are strongly Higgs semistable 55 References 59