Chapter 313 Acquisitions, Current State of the Semiconductor Industry
The next day.
After Zhang Bye, who was far away in the capital, received the news, he immediately flew to Tangdu.
Wang Donglai didn't expect Zhang Bye's efficiency to be so high, but after just a second thought, he understood what Zhang Bye's thinking was.
Galaxy Technology.
This was Wang Donglai's first time seeing Zhang Bye, and he felt a little emotional.
In his previous life, he was just an outsourced employee of Zhang Bye, doing the work of an ox and a horse and receiving the salary of an ox and horse.
Once again, the identities of the two have undergone earth-shaking changes.
Zhang Byte is no longer an upstart on the Internet, but Wang Donglai has become a new tycoon in the business world.
Not to mention their net worth, which is very different.
Because of Wang Donglai's appearance, Zhang Bye's development in this world was slow, and the situation was not good.
Being acquired by Galaxy Technology is actually the best choice.
Seeing Zhang Bye, Wang Donglai thought a lot in his heart at the same time.
However, these messy thoughts were quickly thrown out of my mind.
“Mr. Zhang!”
Wang Donglai took the lead in saying hello.
"Mr. Wang."
Zhang Byte wore glasses and looked gentle and elegant, not like a manager, but like a pure science and engineering staff.
But in fact, Zhang Byte has a lot of entrepreneurial experience. He is still familiar with Wang Meituan and has done projects such as Nine Rooms.
After a few words of greeting, Zhang Bye was the first to mention the acquisition: "Mr. Wang, I want to talk to you about your company's acquisition of our company."
"Of course there is no problem, please tell me!" The reason why Wang Donglai wanted to acquire Zhang Byte was actually for Zhang Bye and this group of executives. In their previous life, they were able to create an Internet legend, and their abilities have been proven.
Wang Donglai doesn't want to spend too much time on this, so if he can recruit this group of people, he will undoubtedly save a lot of effort.
With Wang Donglai's permission, Zhang Bye said immediately: "Actually, I have also paid attention to your company in the past two years, and according to my observation and understanding, your company's development is actually not reasonable! If you start from From a business perspective, Galaxy Technology is actually not a qualified and successful company."
As soon as Zhang Bye opened his mouth, he directly evaluated Galaxy Technology.
And the evaluation is not high.
After finishing speaking, Zhang Bye's eyes with glasses stared at the change in Wang Donglai's expression seriously.
However, he did not see the look he expected on Wang Donglai's face.
"Mr. Zhang, you might as well continue talking!" Wang Donglai stretched out his hand to signal Zhang Bye to continue talking.
After calming down, Zhang Bye said again: "The reason why I made this judgment is because your company has developed to this level. In fact, it relies on Mr. Wang's ability and connotation. It is said that the first generation product was developed by Mr. Wang alone.”
“In addition, it is expensive. The company has not received financing so far. Every time it needs funds for development, it has authorized mobile phone fast charging technology, authorized artificial intelligence medical auxiliary diagnosis system, and lithium batteries. This time, it has developed lithium-sulfur batteries. Count of these patents, all of them are from Mr. Wang’s hand.”
"Mr. Wang was born in the 1990s. He is only 21 years old this year. He was only 19 when he founded Galaxy Technology. He has already made such great achievements. He is not weak."
" Galaxy Technology’s current valuation exceeds 10 billion, but in my opinion, this 10 billion valuation is actually an estimate of Mr. Wang’s academic research capabilities.”< br>
“Except for Mr. Wang’s Galaxy Technology, in my opinion, it’s nothing.”
“Does Mr. Wang think my words are right?”
Zhang Bye said a lot of things in a eloquent and well-founded way. It seemed that he really knew Galaxy Technology very well, and he also spoke highly of Wang Donglai.
Hearing Zhang Bye's comment, Wang Donglai shook his head gently and said seriously: "Mr. Zhang, it seems that you really know and care about Galaxy Technology, and what you said seems very... It makes sense, but I don’t think so.”
“The question is actually very simple, that is, whether heroes create history or people change history.”
"Indeed, it is undeniable that I played a big role in the development of Galaxy Technology, but we absolutely cannot deny the value of the work of the 13,652 people currently working at Galaxy Technology."
"I understand Mr. Zhang's thinking, but I don't agree with it."
Zhang Bye-Tie thought about Wang Donglai's answer, but never thought that Wang Donglai would say that.
This answer was completely beyond his imagination.
In his heart, Zhang Byte readjusted his evaluation of Wang Donglai.
“I would like to ask Mr. Wang how he will arrange it after acquiring Byte. On the one hand, Galaxy Technology is engaged in high-tech technology research and development. Judging from the current situation, it is clear that it is asset-light patent licensing. The route, on the one hand, is to recruit a large number of employees and operate Internet products, both of which are somewhat complicated.”
Zhang Byte is both a technician and a manager. After missing the topic just now, he asked directly. A more critical question came up.
There have been many cases in the business world where, after the acquisition, the original entrepreneurial team was directly kicked off and replaced by their own team.
As a result, there are problems in product operation, and there are not many things that can be done better.
For the information flow business, Zhang Byte actually has his own unique views and is convinced that this model can make big money.
The current acquisition by Galaxy Technology for 500 million is actually a completely loss-making business in his opinion.
However, in the market, because Galaxy Technology was ahead and developed better, investment institutions simply would not choose him. After the liquidity dried up and he gradually fell into a disadvantage, he had no choice but to choose to be acquired.
At this time, Zhang Byte asked this question because he wanted to naturally elicit his views and ideas on the information flow model.
Not only did he want to persuade Wang Donglai, but he also wanted to try to increase the purchase price.
Wang Donglai saw Zhang Byte's idea at a glance, smiled, and said: "Actually, Mr. Zhang is right. I originally positioned Galaxy Technology as a high-tech technology research and development company, but Research and development requires money, not just a little money, but a lot of money.”
“Nowadays, the way to get a lot of money in the market is the Internet. To put it bluntly but it’s true, As long as you can do PPT, you can get a lot of financing from rich people who squeeze in with a stick of money."
"The artificial intelligence medical auxiliary diagnosis system is actually just the beginning, and in the end, I want to develop real artificial intelligence technology.”
“Although lithium-sulfur batteries have good performance, there are solid-state batteries, graphene batteries, etc.”
"The research and development of these projects requires a huge amount of funds."
"So, after acquiring your company, I will delegate power to you senior executives and develop an incentive plan. As long as I can Depending on the standard of daily activity and retention, there will be corresponding incentives. This can be written into the contract, so you can rest assured. "Wang Donglai didn't tell the truth to Zhang Bye, but he didn't tell lies either.
What to say to whom.
In Zhang Bye's previous life, there was another person named Zhang Martian, and he remembered it very clearly.
Although that incident was not Zhang Bye's fault, some of Zhang Bye's character can also be seen from this incident.
What's more, this incentive plan is also the most suitable for Zhang Bye and is in his best interest.
Sure enough, after hearing what Wang Donglai said, a look of satisfaction appeared on Zhang Bye's face.
This result is already quite good for Zhang Byte.
So Zhang Bye was not hesitant too much, and immediately agreed, saying: "Mr. Wang, a gentleman's words are hard to follow. Since Mr. Wang chooses to trust me, I will not let him." Mr. Wang is disappointed.”
Wang Donglai nodded and stretched out his hand to Zhang Byte: "Then I'll wait and see!"
According to the development of the original time and space, Douyin is not yet online.
Wang Donglai is not planning to launch it in advance at this time.
The 4G standard has not been widely popularized yet, and at its current level, it cannot support the emergence of short video platforms.
However, in addition to Douyin, there are also products such as Toutiao and Neihan.
After discussing the most critical issues, Wang Donglai talked to Zhang Bye about the next operational requirements.
“After the acquisition, the headquarters must be placed in Tangdu, but a core base can be maintained in the capital to take on more tasks.”
“Other than that, the most important thing is One thing is that when doing business in China, you must know how to be reverent and establish correct values. I do not allow content with incorrect views to appear on the company's products, from company executives to the next level. All employees must abide by this principle. "
"Respect and abide by the law, and have three correct views, so I established an audit department at the beginning of the establishment and did not choose to outsource but recruit directly."
“In the future, we must stick to this point. Content is very important, but toxic content must be blocked. This is the bottom line, which cannot be questioned or violated!”
When talking about this matter, Wang Donglai emphasized it seriously.
It is a pity emotionally that the connotation of the past life has been blocked, but intellectually it is appropriate.
One more time, Wang Donglai will naturally not let such a thing happen again.
Looking at Wang Donglai’s extremely serious expression, Zhang Bye-Tie put away the contempt in his heart and nodded seriously.
The acquisition conditions have been negotiated, so Wang Donglai adjusted his mentality quickly.
Communicate directly with Zhang Byte as the boss.
The same goes for Zhang Bye, who adapted to his identity very quickly. Faced with Wang Donglai's request, he nodded in agreement.
......
After the acquisition of Zhang Byte is completed.
Wang Donglai also had a preliminary idea about which technological breakthrough he would use to complete the task.
semiconductor!
Whether it is artificial intelligence, drones, or new energy, they all require chips and the support of the semiconductor industry.
China is also the largest consumer of semiconductors in the world, with imports amounting to trillions.
From a technical perspective, domestic semiconductor technology lags behind the international advanced level.
In terms of production capacity, domestic semiconductor production capacity can only meet 8% of its own needs, and the self-sufficiency rate of chip production capacity is not enough to ensure the security of chip supply in the domestic manufacturing industry chain.
In terms of semiconductor equipment, domestic semiconductor equipment is in the stage of fully imitating the products of major international equipment manufacturers. The domestic self-sufficiency rate of front-end equipment is between 7% and 11%. In addition to lithography systems, there is also the field of measurement equipment. It is lagging behind across the board, with a localization rate of less than 5%, and the same is true for high-end equipment in process equipment.
In terms of education and talent, the country lacks world-class leading talents in the semiconductor industry and technical talents with high-level and practical experience. Employees generally lack high-level theoretical and practical education and training.
As for capital investment, the development of the domestic semiconductor industry is seriously lacking in capital investment. Taking production capacity as an example, for every 1% increase in domestic chip production capacity, an investment of 100 to 120 billion yuan is required. However, the current actual situation of the domestic semiconductor industry Investment is less than 80 billion per year.
If you want to catch up with the international advanced level, the semiconductor industry must at least invest more than 500 billion every year, and need to maintain this investment scale for many years, and gradually increase the investment scale. There can only be more No less.
Even so, Wang Donglai did a mental calculation. If he was not included in the calculation, it would take at least ten years to achieve only some results. It is still far from being independent. The production capacity may be close to The first echelon, but in terms of technology, it will take another twenty years.
Semiconductor is a process involving a variety of cutting-edge technologies. The manufacturing process is complex and extremely demanding.
The upstream design, equipment, and materials, the midstream wafer manufacturing, and the downstream packaging and testing.
And this is further subdivided into base materials and manufacturing materials as well as packaging materials.
The core aspects of semiconductors are simply divided into four parts, namely design, equipment, materials and manufacturing.
The first step of design mainly involves EDA software, also called electronic design automation software. Its function is simple. It is to conduct electronic design of very large scale integrated circuits (including functional design and physical Design), synthesis, verification and other functions are equivalent to using it to create an 'electronic chip' on a computer, and then also perform simulation, verification and simulated chip manufacturing. It is tantamount to putting the chip manufacturing process in front, saving money. A lot of time and economic costs.
At present, the global EDA market is mainly dominated by Synopsys Technology, Cadence Electronics and Siemens EDA, accounting for approximately 81% of the global market share.
As for the gap between domestic enterprises and giants, it is mainly reflected in three aspects: R&D technology, channels and products, ecology and customer relations.
Of course, the most important thing is the technical gap.
Wang Donglai has long decided to get involved in the semiconductor industry, but before that he only asked Galaxy Technology to prepare, such as acquiring some upstream and downstream factories, and slowly forming a complete supply chain and industrial chain. .
However, after receiving this temporary task, Wang Donglai changed his mind.
Time waits not for us!
If we delay any longer, it will be too late.
So, after just a few days of thinking, Wang Donglai made up his mind to start the localization of the semiconductor industry in advance.
The first step is to put it on the EDA software.
At the same time, he still needs to meet someone!
A legendary figure with a legendary reputation in the semiconductor industry!
(End of this chapter)