Chapter 564 Solitary Miao
Walden was quite dissatisfied when they heard that Dongxin Hanxi Chip Factory project was only willing to give them 12.5% of the equity.
But this time, Daley did not refute. The most important thing was what Li Dongling said just now. This chip factory is not Dongxin begging them to invest, but to give Walden an opportunity to invest. , there is a huge difference!
If you are asking for investment from Walden, then Dongxin will have to give up its controlling rights to Walden and let Walden be the major shareholder.
But now, it is the Dongxin Hanxi Chip Factory that gives Walden an opportunity to enter the domestic chip factory. It is okay for Walden to make money along with it, but it will definitely not give up the controlling rights to the other party. Otherwise, how can we say it? , and earned the money while standing!
Chen Liwu was also a little silent, but he also knew that this chip factory must have a major shareholder who sticks to his word. Otherwise, so many domestic and overseas shareholders would not know what the quarrel would be like, and I'm afraid all their energy would be wasted on There was internal fighting.
Just like SMIC in the previous life, it was really caused by infighting all the way. This is also the reason why many people were not optimistic about it in the early stage. The infighting between factions was really fierce.
In the early stage, the founder’s management team was at loggerheads with overseas investors because of their right to speak. In the end, foreign investors saw that the limelight was not right, and SMIC’s compensation was too great. Only when they were gone did the internal fighting stop.
Then there is the inland faction, mainly investors represented by state-owned enterprises and municipal governments, who want SMIC to support the local semiconductor components industry chain.
The faction formed by investors and technicians from America, Taiwan, Singapore and other places want to play internationalization, that is, they do not want to cultivate the domestic semiconductor industry chain, but want to provide overseas agents. Work, the profit will come as high as possible.
On the international side, they don't care about technology or not. What they want is returns. SMIC's stock price rises, and then they can cash out. They don't care about the rest.
Because the two sides had different routes and concepts, they were still fighting fiercely, driving away the management team one after another.
Dongxin Hanxi Chip Factory has an absolute majority shareholder here, so there can be no internal fighting. At worst, at the critical moment, it will be a one-vote veto!
Chen Liwu hesitated. Not being able to get a controlling stake was not good news for Walden or Goldman Sachs, which he wanted to pull over. It meant that they could not restrain Dongxin. side.
When overseas investment companies came to the inland, in the past, they came to be the boss. As long as they invested in a project, they were the big investors. They could be picky about the project, but if they couldn't make the investment, project, aren’t they, the big sponsor, too frustrated?
But this time, in front of Li Dongling, the previous rules didn't work, because Li Dongling didn't follow their so-called rules at all. On the territory of Dongling High-tech, you had to follow the rules of Dongling High-tech!
"Mr. Li, there is no rule without rules. I hope that Dongxin can also give Walden and other investors some guarantees!" Chen Liwu said to Li Dongling.
If Chen Liwu can't get the controlling rights, it's impossible for him. If he really doesn't do anything, then he probably won't be able to explain it to Walden shareholders.
It is true that Chen Liwu is the founder of Walden, but in the final analysis, he is also a senior wage earner, helping people who invest money in Walden, manage the money invested, and then return returns to shareholders.
It is impossible to say that investors have lost hundreds of millions of dollars without knowing why. No matter how senior he is, he may not be able to quell the anger of Walden shareholders. In the future, he will invest in There is no way to mess around in the industry anymore.
"Please tell me!"
Wu Xinyi glanced in the direction of Li Dongling, and then said to Chen Liwu.
“Walden hopes that Dongxin Hanxi Chip Factory can sign a gambling agreement with Walden. This chip factory must be put into production within four years and achieve profitability within eight years!
If Dongxin cannot do it, Walden’s investment needs to be returned!”
Chen Liwu’s conditions are not harsh. If the chip factory has not been completed and put into production in three or four years, it will probably be bad. At the end of the day, all the money invested was wasted.
For example, in the previous life, SMIC built a chip factory and it was completed and put into production in less than two years. However, it was the founder of SMIC who brought a large number of experienced engineers with him. With the support of all parties, the domestic chip industry has developed over the years and has already achieved success. It must be basic.
But Dongxin is different. There are not so many talents now, and building a factory has to be explored by oneself, which will definitely take time.
But no matter how time-consuming it is, it should be built in three years, put into production in four years, and gradually make a profit in another four years. If you are still losing money after eight years, it is equivalent to a complete semiconductor cycle having passed, that is If you can't make money when the semiconductor industry is most profitable, then you won't be able to make money in the future.
Please feel free to close down, or clean the management from top to bottom to be effective...
If Chen Liwu’s conditions are not met after eight years, then the mother of Hanxi Chip Factory The company, Dongxin Semiconductor, must repay Walden's investment on its behalf.
After Li Dongling pondered for a moment, he nodded and reached out to Chen Liwu, "Dongxin can sign this gambling agreement. I hope the cooperation will be pleasant!"
Chen Liwu also said, "I will contact Goldman Sachs as soon as possible. When the investors reach an agreement, Walden will invest in this project regardless of whether Goldman Sachs will join the investment group!” A large number of chip projects have been invested in China, among which Walden is definitely aiming to make money. But it is undeniable that Chen Liwu is indeed optimistic about the domestic chip industry, otherwise he would not have invested in domestic chip projects one after another at the lowest point of the chip industry, which are high-risk, high-tech, high-investment, but with long return cycles.
……
"Our province's first modern wafer fab was officially put into construction today. Wu Xinyi, general manager of Dongxin Hanxi Chip Factory, announced that the overall project will be completed within three years.
Dongxin Hanxi Chip Factory will be built in the future A series of supporting industrial chains have settled in Hanxi. In the future, Dongxin’s semiconductor industry chain will become an emerging high-tech industry in our province!”
Domestic media, especially the local media in Hanxi, have been aggressively promoting Dongxin. , the TV showed the scene when Dongxin Hanxi chip factory broke ground and started construction.
Li Dongling, Wu Xinyi, Lin Sijian, Wu Yaoguo, Chen Liwu, and Zhang Ailun, who came on behalf of Goldman Sachs, a second-generation Chinese born in America, took a shovel and shoveled a few handfuls of soil together to announce the chip factory was established.
It can be seen from the specifications that on the day the chip factory was started, all the leaders of the Hanxi Provincial Government basically accompanied the entire process. On that day, a subsidy of 30 million yuan from the provincial government was received. Dongxin's bank account shows how much Hanxi attaches importance to this project.
However, Hong Kong Phoenix TV and other media, including those in Singapore and Japan, are not so optimistic about the establishment of this chip factory.
“The 8-inch wafer fab project established by Continental Dongxin Semiconductor, together with multiple investment consortiums, jointly invested US$420 million, officially started construction today!
This is the current situation in mainland China The chip industry’s largest investment and most technologically advanced chip project to date is also the first 8-inch wafer fab production line in the mainland!
The global chip industry is currently entering the 8-inch wafer fab era and has been completed! Or the number of 8-inch wafer fab production lines under construction will reach 70 in the next few years. The 8-inch wafer fab in Hanxi does not have obvious advantages, and the source of future orders is also doubtful
Europe! A semiconductor professor at the University of Munich in Germany predicts that all wafer factories below 8 inches will be eliminated in the future. Within ten years, there will be more than 199 8-inch chip production lines, and the monthly chip production capacity may reach more than 5.6 million pieces. "
This is a report from Phoenix TV. Whether it is derogatory or praising, it can be seen from the report how weak the domestic semiconductor industry is now. From these news reports, it can be seen that it is considered the most advanced project in the country. Internationally, it can only be regarded as average.
The 8-inch wafer fab that Dongxin has put so much effort into building now has dozens of production lines around the world. Intel, Infineon, Siemens, IBM, etc. have actually started. We are tentatively developing a 12-inch wafer fab.
But no matter what happened overseas, in the domestic chip industry, when we saw that Dongxin Laizhen really spent more than 400 million US dollars and started to build a wafer factory, the entire domestic chip industry was formed. Huge impact!
......
"Dongxin really built its own chip factory, or is it an eight-inch one?"
Senior executives within Shougang NEC were all shocked when they saw the news on TV. General Manager Meng Zongwei was silent for a long time when he saw the news reported by the media, and finally sighed.
“If Dongxin builds its own chip factory, will there be fewer orders for us in the future?” A Shougang NEC executive couldn’t help but asked worriedly. The factory would earn less. , their rewards and dividends will be reduced, so can they not worry?
“Pfft!”
A sneer came from the head of Shougang NEC Marketing Department, “Last year, Dongxin asked us several times to give Dongxin orders to increase production capacity. At that time, you didn’t care. You had to give priority to Nippon NEC. If you don’t do it for others, why can’t they do it themselves?”
After hearing these targeted words, Shougang NEC internally, We are very close to Nippon NEC. Fang Yuanlu, Nippon NEC’s representative in Shougang, couldn’t bear it. “NEC is our second largest shareholder. We also rely on NEC for technology upgrades. We have offended NEC and delayed it.” Are you responsible for the technological upgrade of Shougang NEC’s 8-inch production line? ”
After hearing this high hat being suppressed, several executives of Shougang NEC were obviously angry and dare not speak out. Although Shougang NEC cooperates with NEC, they have been suppressed. Shougang is obviously the major shareholder, but it is about to become Japan. NEC's foundry is completely suppressed by the other party. It even has to listen to the other party's orders for whom to produce.
Now NEC is threatening Shougang NEC with technology upgrades. NEC wants to help Shougang NEC upgrade its production level with investment in exchange for a controlling stake in Shougang NEC.
The entire Shougang NEC has now been completely kidnapped by Nippon NEC. The technology, orders, and main technical engineers all belong to the other party. I am afraid that in the end they will have to agree to the other party's conditions.
Meng Zongwei took one last look at the news on TV, and then left without saying a word. When Shougang cooperated with NEC to build a factory, it also wanted to make a difference, just like today's Dongxin Semiconductor Everything done.
But now, Shougang NEC is more like being kidnapped by Nippon NEC, while Dongxin Semiconductor has been able to independently design and independently develop chips, and now it is starting to produce chips independently. Dongxin Semiconductor did it , it’s all what Shougang NEC wanted to do back then!
Now, things have changed, and Meng Zongwei doesn't know what will happen to Shougang NEC in the future, but he is really envious of Dongxin...
(End of this chapter)
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