Chapter 1136 SMIC
The time for fun always passes quickly. After the buffet barbecue, everyone drank tea and chatted, and it was almost evening after eating.
Shen Nanpeng took the people from Hanhua Magic City Studio and left.
“Mr. Xu.”
Xu Liang nodded, “Where are they two?”
"The two ladies are reading upstairs, do you want to call them?" Li Jinling asked.
"No need."
He was not hungry even after eating so much meat in the afternoon, so he simply went directly to the study.
Opened the work mailbox, flipped through it briefly, and pressed the landline on the table.
“Come in.”
Not long after, Li Jinling opened the door and walked in.
"Mr. Xu, are you calling me?"
"Do you have any information about Phoenix Fund?"
"Yes, I just arrived this afternoon."
"Bring it to me."
Li Jinling hurriedly went back and brought over the materials from the workstation.
After waving her away, Xu Liang looked at her seriously.
Phoenix Fund is an ‘S Fund’ established by him under Hanhua Headquarters in April this year.
Initial capital raising of US$20 billion.
The first investment target of this fund is the ‘NBA Warriors’.
From the 2004-2005 season to now, the Warriors, with their main lineup of Yao Ming, Big Ben, Wade, Arenas and Billups, have won three consecutive championships.
Coupled with the Warriors' new arena, which was officially completed this year, the Warriors have reached their peak both in terms of hardware and software.
The revenue in the past season exceeded 480 million US dollars.
Net profit was US$154 million.
Including the wholly-owned stadium and liabilities of less than US$10 million, the valuation of the entire NBA Warriors team has exceeded US$4 billion.
Almost the highest in the entire NBA.
Xu Liang is planning to put all the equity of the Warriors into the Phoenix Fund.
The reason is also very simple.
Although the current valuation is not the peak of the Warriors, there is not much room for growth.
In terms of results, it is too difficult to win three consecutive championships.
In terms of hardware, with the new arena, the Warriors can only make some investments in the financial market and real estate. There is no other more reasonable investment direction.
Moreover, Yao Ming's big contract, Wade's big contract, plus Arenas, the salary of these three people alone exceeds 30 million US dollars.
It will greatly increase the team's salary cap. If we imagine again like before, the situation where player salary expenditure is less than 40% of the team's total income no longer exists.
The increase in expenditure will affect profits. If profits are less, valuation will decrease.
So, taking advantage of the opportunity before the subprime mortgage crisis, selling the Warriors is the most suitable choice for him.
Ringing...
The phone rang.
Xu Liang looked at the caller ID and couldn't help but feel happy.
An American Cao Cao is here.
Press the answer button.
Compliments came.
“BOSS, it’s me, Gordon.”
“Dear Rick, if I guessed correctly, it should be seven o’clock in the morning over there now, right?”
"To be precise, it should be 7:18, BOSS."
"Come to me so early, what's wrong?"
"Yes. In half a month there will be the 2007 NBA Draft. This is the best draft since 2003. Many teams are paying attention. Especially one of your compatriots is in it."
Xu Liang was stunned and quickly understood.
"Yi Jianlian?"
"Yes. BOSS, if you are willing, we can exchange him."
"He has tried out with the Warriors ”
"I came here in May."
"What did Coach Tom say?"
"With a height of 2.12 meters and a weight of 120 kilograms, his physical fitness is very good.
His basketball skills are also very comprehensive, and he can play the three positions of small forward, power forward and center.
But his offensive skills are relatively simple, his post-up skills are not good enough, his offensive speed is slow, and he is easy to be defended by the opponent. < br>
In addition, his organizational skills are average and he needs his teammates to create opportunities for him to use. "
Xu Liang: "So, he has no place in the Warriors. "
The Warriors currently have Yao Ming and Okafor at the center position. In order to ensure Yao Ming's health, except for some key games, he only plays two quarters or even doesn't play at all.
< br>Although Okafor is a substitute, he averages 20 minutes of playing time during the season.
Reasonable exercise time does not cause him to be injured as frequently as he was with the Bobcats in his previous life.
< br>
Strong athletic ability effectively supports the Warriors' inside line.
The power forward positions are Ben and Scola.
Ben Wallace has been troubled by knee injuries this season and his ability has declined. Scola has played more.
The latter, as a floor-flow insider, is typically strong in offense and weak in defense.
Yi Jianlian and Scola have similar functions, and they cannot provide strong protection to the inside line like Big Ben.
Therefore, he cannot become the main force of the Warriors.
With Yi Jianlian's current momentum, it is obviously impossible for him to accept sitting on the bench, unless the Warriors are willing to guarantee the main force.
"Then forget it." Xu Liang did not force it.
Yi Jianlian is a good player and has performed well in the NBA.
But I just can’t stand it.
In the Bucks and Nets, they are about to be the main players, but people are injured.
If the Warriors don't have Yao Ming, Xu Liang doesn't mind raising him, but since he already has Yao Ming, Yi Kong's return would be the icing on the cake, and it's really unnecessary.
Rick Gordon felt relieved. He was really afraid that the big boss would want someone.
The current team lineup is reasonable, and there is really no place for Yi Jianlian.
"Is there anything else?" Xu Liang asked.
"Yes, Arenas' contract expires next year. He hopes to get a big contract?"
"Big contract? How big?"
"Six years, $110 million."
Xu Liang frowned.
Although his memory of the NBA has become a lot blurry, when he watched it in his last life, he vaguely remembered that the opponent had been seriously injured.
"Send me a copy of this year's draft list."
"Right away."
"I'll call you after reading it."
Time after hanging up the phone Not long after, a beep sounded on the computer.
Xu Liang opened his mailbox.
Soon the 2007 draft list appeared in front of me.
After seeing only one name, Xu Liang couldn't sit still.
"Kevin Durant? Durant was the 2007 pick?"
He knew Durant's name. After all, this guy is the same as Duncan and King Notre Dame in the entire history of the NBA. , Kareem Abdul-Jabbar and Bird's existence.
Scoring ability MAX.
But he really doesn’t remember the year Durant was drafted. He only remembers that this guy publicly stated that he wanted to drink the widow’s footbath!
The brain circuit is also strange.
Picked up the phone and called Rick Gordon.
"Boss..."
"Who holds this year's No. 1 pick?" Xu Liang interrupted directly. "The Trail Blazers."
"Where's the second pick?"
"SuperSonics."
"You call them immediately and trade Arenas for the pick in their hands. Remember, our bottom line is that Arenas and the lottery picks are exchanged for one.”
Generally, when players of Arenas’ level are exchanged for lottery picks, they are the lottery picks plus a few good ones. Blue-collar workers do the job.
Now the Warriors have no shortage of role players, so it doesn't matter whether they have more players or not.
"BOSS, who are you going to sign?"
"Kevin Durant."
Gordon knew for sure, Durant is this year's draft pick. A big favorite, many teams are optimistic about him.
No wonder the big boss wants the No. 1 pick or the No. 2 pick.
"I'll make arrangements right away."
"Call me if you have news."
"Okay."
Xu Liang hung up the phone.
Looking at the list on the computer, my eyes paused on ‘Greg Oden’.
Naturally, he has heard of the name of the parallel import No. 1 pick, which is why he is chasing the No. 2 pick.
As long as history doesn’t change much, you can win Durant as long as you finish second.
"In the future, if we successfully win over Curry, plus Durant and Wade, as long as the inside line is not too rubbish, we can create a new dynasty."
Thinking of this, Xu Liang suddenly didn't want to sell all his shares in the Warriors.
“Forget it, sell it. Three melons and two dates, don’t bother.”
And even if it is sold, he will still have a share of the money made by Phoenix Fund.
——
No. 18, Zhangjiang Road, Shanghai Shanghai Free Trade Pilot Zone, SMIC Headquarters.
Zhang Rujing and the company's senior management stood in front of the door to greet him.
“Coming, coming.”
It’s not who shouted first.
Not long after, three black Maybachs drove in.
It is well known at home and abroad that Boss Xu likes to drive Maybach. It is not a secret anyway.
And because of his leading role, the wealthy bosses in China also like Maybach.
Because of this incident, Mercedes-Benz even called specifically to thank me.
Looking at Xu Liang getting off the car, Zhang Rujing hurriedly greeted him.
"Mr. Xu, welcome to SMIC to inspect the work."
"Haha, inspection is too serious, just stop by and have a look."
Under the leadership of Zhang Rujing Next, he briefly shook hands with the other senior executives of SMIC.
Since Hanhua acquired SMIC, in addition to CEO and R&D positions, other financial, personnel, security, logistics and other positions have been filled by its own people.
And then turn those people into board members.
This was also Xu Liang’s motivation to change SMIC’s management structure to a partnership system.
“Shall I take you in to take a look?” Zhang Rujing
“Okay, last time I came to take a look around, I didn’t take a serious look, but I just have time this time.”
Under the leadership of Zhang Rujing, Xu Liang put on dust-proof clothing and went to the workshop.
Looking around, it satisfies the purpose of having fun.
“Is that the new factory building?”
Xu Liang pointed to a quiet factory road in the distance.
“According to your original plan, invest US$2.5 billion to increase the production capacity of the 4 sites in Magic City from 35,000 pieces/month to 100,000 pieces/month. We have been working hard.
Now that the factory has been built, when the machines ordered next month arrive and are debugged, trial production can be officially started in October. ”
Xu Liang nodded.
When he acquired SMIC last year, he set an investment plan of tens of billions of dollars.
One of them is that the production capacity of the two 12-inch 65-nanometer chip factories in Shanghai and Beijing has increased from 35,000 pieces/month to 100,000 pieces/month.
The second is to build two 12-inch 65-nanometer chip factories in Yangcheng and Qingzhou with a monthly output of 100,000 pieces.
Subconsciously, he raised his head and glanced at the side face of the man next to him. Zhang Rujing, who knew what he was thinking, said directly.
"The two factories in Yangcheng and Qingzhou have almost been built, but I want to wait for the machines to enter the factory."
"Why?"
"With the technical support of Hynix , coupled with abundant R&D funds, our technology has made rapid progress. If everything goes well, we will be able to produce 45 nanometers this year. rice production process.
It would be a waste to repeat the construction of the 65-nanometer process in half a year.
The global chip market is entering a downward cycle. We can not only save costs by building it half a year later. , adding new production capacity can also effectively reduce losses
Kill two birds with one stone. ”
Xu Liang nodded. Although the current 45nm process is not the best in the world, it is still first-rate. Except for TSMC, Intel and a few others, few can master it.
“For new technology, has the investment also increased? ”
“If we still produce 100,000 pieces per month, the total project investment will be approximately US$6 billion to US$7 billion. ”
The total investment of a 12-inch 65nm chip factory with a monthly output of 100,000 pieces is approximately US$4 billion.
45 nanometers instantly expanded by 50%.
And as the process grows, there will be more investment.
In the future, a 14-nanometer, 12-inch chip factory with a monthly output of 100,000 pieces will have a total investment of over 10 billion.
Coupled with the factor of inflation, the investment will become larger the further you go.
Looking at Zhang Rujing’s somewhat anxious eyes, Xu Liang smiled.
"Don't worry, I still say what I said. I fully support the development of SMIC. If other shareholders do not invest, the Xu Family Charitable Foundation is willing to take care of the expenditure."
Now SMIC is still a listed company. Although the Xu Family Charity Fund holds a controlling stake, Datang Telecom, China Information Technology, and Tsinghua Unigroup also own part of SMIC.
However, as investments from the Xu family continue to come in, it is still unknown whether these institutions are willing to follow suit.
After all, according to the two people’s plan, SMIC will continue to build factories in the future.
30 to 40 billion US dollars will be burned in three to four years.
Although Datang, Ziguang and Xinke are state-owned enterprises, they may not be able to withstand such crazy money burning.
Zhang Rujing breathed a sigh of relief, "I'm afraid SMIC will be delisted this year."
"Haha, that's not necessarily the case. Maybe someone is optimistic about you and is willing to continue to invest more." Xu Liang smiled.
“Unless we are willing to give up the second phase of SMIC’s development plan.”
Xu Liang stopped and said, “Don’t worry, Mr. Zhang, I will never regret what I promised you. And the second phase of investment is I have already chosen the destination.”
Zhang Rujing's eyes lit up, "Where?"
"Luzhou, Rongcheng."
When they acquired Meiling, the condition put forward by the Luzhou city government was that they could put a line here, Xu Liang didn't refuse.
As for Chengdu, he plans to build another Universal Studios here.
If the plan can be successfully realized, it will be able to seize the entire southwest paradise tourism market.
"When will the construction start?"
"You can go and talk now. As long as the negotiation is completed, the construction can start at any time." Xu Liang said with a smile.
Zhang Rujing nodded, after thinking for a moment.
“I want to talk this year and start construction after the Spring Festival next year.”
“Why?”
"Negotiations take time, and by the time they are settled, it will be autumn. If we can't start construction in winter, we might as well wait until spring to start.
In addition, after the new factory here is put into trial production, there will be resistance to the construction of a new factory. It can also be smaller.
The most important thing is that we need time to train. Workers.
The two new factories this year, plus the two expansion factories in Jingcheng and Magic City, have used all the workers we trained.
There are no qualified workers, and the yield rate has increased. If we don’t go, our losses will be ugly with so many factories.”
Xu Liang nodded after thinking about it briefly.
"I said not to interfere in your management back then, and my words still stand today."
"Thank you."
(End of this chapter)