Due to time constraints, Jiangxia Boss Tang and the others did not stay with Wen Liang for lunch.
After the cooperation memorandum was signed, Boss Tang and others specially sent Wen Liang and his party away from the city government compound.
Although this collaboration, which everyone is happy with, will be very low-key in terms of publicity, it still leaves a lot of relevant video materials.
Such as the scene where Wen Liang and his entourage shake hands and say goodbye to Boss Tang and others.
Later, Wen Liang appeared at Optics Valley Starry Sky Semiconductor Industrial Park.
At first glance, it is all simple style.
There are no tall buildings that have been completed.
The tallest building under construction is only 12 stories tall, and most buildings are 6 stories or less.
Thanks to the already leveled land in Optics Valley, abundant funds, non-stop construction day and night, and internal decoration that needed to be fine-tuned according to the equipment, the infrastructure construction project of the pilot production line only took less than 6 months.
It was completed ahead of schedule within the specified time, which is partly due to Huahong Huali Micro's mature experience in building higher-level production lines.
Tian Wenkai and Zhao Zhi enthusiastically introduced to Wen Liang the main uses of each building that has been put into use.
They had a certain understanding of Wen Liang's style of work and thought they would never be able to look forward to Wen Liang's inspection work.
After all, it was already the eighth day since Wen Liang arrived in Jiangxia.
It's been quite a long time.
Before that, I only stayed in the capital for 10 days.
Zhao Zhi quickly mentioned the progress of the main work: "At present, the equipment installation of the pilot production line is being carried out in an orderly manner, and the progress in all aspects is very satisfactory. The latest preliminary estimate is that the pilot production line can initially enter the trial production stage within the year."
"The infrastructure work of the jointly built production line is also going very smoothly. The data at the meeting is the most conservative estimate." Tian Wenkai also talked about the progress of the main work.
Wen Liang nodded slightly, without comment.
He knows that thanks to the mature DUV lithography production process, the equipment installation and debugging time is quite ideal.
Public information now indicates that the equipment installation and debugging for the EUV lithography production process took as long as a terrifying year.
Moreover, it only takes more than a year to complete debugging and trial production. Only God knows how long it will take for the production capacity to ramp up.
Because there is currently no stable EUV lithography process in the world.
According to the experience of later generations, the EUV lithography process will not be officially put into use until 2019 at the earliest. From this perspective, Starry Sky Semiconductor has time to catch up.
Because behind Starry Sky Semiconductor there is the "rich and wealthy" Bolang, Bolang has Wen Liang, a general manager who has a very crazy pursuit of high-tech autonomy, regardless of cost investment.
After all...EUV is an applied technology climb supported by sufficient theoretical verification.
There is no such thing as starting from scratch.
The problems to be solved are new attempts in materials, autonomy in components, and optimization of the same theory... Anyway, it is impossible to be completely independent in the field of applied science and technology, and the number of patent cross-over issues is terrifying.
In order to deal with the inevitable intellectual property lawsuits, Lin Hong has already taken the lead in developing Bolang's global legal system and invested heavily in it.
Looking back at EUV, the earliest related research can be traced back to the 1980s, with NTT from Konippon, followed by Nikon and Hitachi in 1991.
Much later, in 1997, Intel felt the great difficulty of challenging the 193nm light source and decided to cooperate with Yu Gong Yishan, so it persuaded the authorities and launched a cooperative organization such as EUVLLC in the form of a company.
Led by Intel and American Energy, it brought together three laboratories: Motorcycle, AMD, Lawrence Livermore, and Lawrence Berkeley Sandia. It invested 200 million US dollars and gathered hundreds of top scientists to theoretically verify possible technical problems of EUV.
At that time, Intel strongly invited ASML and Nikon to join EUVLLC, but was blocked by the authorities because the authorities were not willing to share cutting-edge technology with other regions.
The final result was Nikon... This Americus-owned company was excluded. ASML was allowed to join after making a bunch of contribution promises. Another non-American company excepted was the German company Infineon.
EUVLLC published hundreds of papers in six years from 1997 to 2003, verifying the feasibility of EUV lithography machines, and then disbanded.
Judging from this period of history at the end of the last century and the beginning of this century, overseas acquisitions in the field of cutting-edge technology...are so impossible!
This is why Bolang, led by Wen Liang, almost never imagined that this possibility would happen. Even in the field of applied science and technology, once key technologies are involved, Bolang's style is to directly invest money and become independent without hesitation.
Because global acquisitions with fists and kicks are absolutely impossible.
Because the truth of the world is such fucking multilateral friction.
Because local governments understand the importance of technology far better than anyone imagines, the so-called leakage in the technology industry... may at most occur within the same region!
In fact, all technological products that can take off in the world are supported by massive resources, and its importance is well known to the world.
Otherwise, how could Steve Jobs be kicked out of Apple, Google quickly acquire Android, and quickly establish OHA?
Rebirth and picking up leaks?
Ah.
It’s impossible for you to even spend money to participate in research and contribute research results, but you still purchase finished products?
Ah.
The mergers and acquisitions of giant-level companies basically take place within the same region. Any cross-regional cases will be hindered in every possible way.
A less well-known case is that AMAT (Aramco Appliances) used the leveraged buyout company KKR to acquire Kodai's Kokusai Electric. The final price was about US$3.5 billion. Various places agreed quickly, and then... AMAT waited for two years.
Didn't wait for China's consent.
There are also well-known examples where Nvidia wanted to acquire ARM and then announced that it failed.
ARM is a company that has been marked as a multinational joint venture since its early days. Its shareholders include Nokia, Apple, etc...
In short, the feasibility of EUV was demonstrated as early as ten years ago.
Despite facing countless precision manufacturing problems, ASML never hesitated and firmly chose to achieve it. It launched a prototype in 2006, built a 10,000-square-meter super clean room in 2007, and released the first R&D prototype NXE3100 in 2010.
.
In the past 12 years, ASML had to launch a customer investment plan, taking 25% of the equity to ask customers to invest in continuing to study this prototype with many problems.
The three major customers Intel, TSMC, and Samsung that were finally selected took a total of 13% of the equity to support ASML's EUV research after a long period of vacillation. At that time, ASML's market value was approximately 20 billion euros.
Even though Intel has firmly chosen the direction of EUV, it is still not optimistic about ASML's EUV. His family holds 15% of the equity, but only 5% of it supports EUV.
In order to continue to invest approximately RMB 8 billion per year in researching EUV, ASML has to release equity and request investment from customers;
After investing more than 60 billion yuan in early-stage research on DUV, Bolang invested another 40 billion yuan in supporting EUV research in the second quarter of this year.
And we built our own wafer factory, especially a pilot production line, in preparation for vertical commercialization!
This is Starry Sky Semiconductor’s opportunity to catch up!
………
Soon after walking into the administrative office building in the open area of the park, Wen Liang, accompanied by Tian and Zhao, inspected the grassroots work.
Wenliang just smiled all the way and barely spoke.
Arriving on the 6th floor and entering the unused CEO office, Wen Liang sat down behind the desk without hesitation and looked at Tian and Zhao: "Have you encountered any problems at work?"
Zhao Zhi was the first to answer: "Some of them can be overcome."
Tian Wenkai shook his head slightly.
Wen Liang was noncommittal again and asked: "What are your plans for future work?"
Faced with this question, Zhao Zhi did not hesitate and answered directly: "Let the company get on the right track as soon as possible."
It's a little too simple.
Tian Wenkai was prepared and listed one, two, three, four, five, all of which were how to make Starry Sky Semiconductor work.
Wen Liang changed his mind and looked at Tian Wenkai: "Why are there no measures on how to communicate with the local government?"
"The place..." Tian Wenkai hesitated a little. He wanted to say that with Wen Liang's relationship, wouldn't it be unnecessary? "I personally think we should first stabilize the internal situation."
So Wen Liang looked at Zhao Zhi.
Of course, Zhao Zhi could not avoid it and said it bluntly: "Strive to maintain existing relations and establish good exchanges with local governments."
Wen Liang was still noncommittal and asked the most critical question: "Who do you think is more suitable for the position of CEO?"
"I think I'm more suitable." Zhao Zhi was not shy.
Tian Wenkai's face changed slightly, his lips moved, and he finally gave his answer: "Old Zhao is more suitable for the position of CEO than me, and I am more suitable for the position of chief executive."
So, Wen Liang made a decision: "Let's do this. Mr. Zhao will be transferred to acting CEO, Mr. Tian will be transferred to COO, and the framework will be set up as soon as possible with the assistance of the group."
Tian and Zhao were carefully selected and placed with Starry Sky Semiconductor, and their conditions must be similar in all aspects.
Li Ze does not choose people randomly.
He is a super pragmatist. He doesn't even have any direct descendants in the real sense. He only chooses people based on their suitability, and will not be biased because of familiarity.
For example, both Tian and Zhao are from Hubei.
It has something to do with the local area.
Wen Liang did not make this decision casually. Zhao Zhi and the others have been at Star Semiconductor for nearly half a year, and their work performance will not be overlooked just because the mountains are high and the emperor is far away.
Especially at the beginning of this year, Xin Dai and Yang Yun conducted a long-term branch inspection, review and consolidation work.
Feedback that goes down to the most basic level.
In terms of ability, there is a big difference between Zhao Zhi and Zhao Zhi. However, from yesterday's financing consultation meeting to now, Zhao Zhi is indeed relatively more suitable for foreign investors.
Tian Wenkai was very organized in internal development and operations and was suitable for the position of COO, so he became a full-time employee directly.
And Zhao Zhi is just the acting CEO.
Wen Liang's meaning is also clear. How to turn from competition to unity is an art. The key to this art is now in Zhao Zhi's hands. If he is good, he will be promoted to a full-time job, and if he is not good, he will be transferred to a deputy position or transferred away.
Starry Sky Semiconductor obviously needs not only a CEO and COO, but also more partners to work together.
However... Starry Sky Semiconductor has three systems that are not independent, one is human resources, one is finance, and the other is legal affairs.
Human resources was originally partially independent, but after grassroots members complained at the year-end all-staff live broadcast meeting that bureaucratic thinking such as the difficulty of asking for leave spread, Yang Yun personally went to each branch to take back the power.
The authority of the group's comprehensive management cadre department has also been expanded to cooperate with the ethics compliance, internal service and other departments to supervise and manage each other.
The legal affairs department has never been independent. It is led by General Lin Hong. He has been continuously expanding its scale and building an international legal team with strong quality.
Not to mention it's comparable to Disney Legal, but at least it's pretty much the same.
As for finance, it is semi-independent. Each branch has a finance department, but Wenliang does not interfere with the personnel arrangement and leaves it to Wang Wanyu.
In the more than a year and a half since Wang Wanyu joined Bolang, she has spent most of her time leading the construction group's financial services. In the second half of last year alone, she spent as much as 60 million on IBM to provide consulting services.
It's just that IBM didn't get involved in all the electronic processes.
So far it can only be said to be in preliminary shape.
Naturally, there is no need to have a completely independent financial department.
Of course... Star Semiconductor and other large subsidiaries all have the position of CFO.
…………
…………
In this CEO office, which has not yet been officially opened, Wen Liang arranged the executive changes of Starry Sky Semiconductor.
Then directly initiated a small-scale multimedia meeting for the group's senior management.
Seven people attended the meeting: Li Ze, Wang Wanyu, Yang Yun, Xin Dai, and Lin Hong.
As usual, Wen Liang said straight to the point: "The financing affairs of Starry Sky Semiconductor have come to an end. It is expected that 80 billion yuan will be transferred to the group account from various banks in Jiangxia within ten working days. Together with the tens of billions of loans from Beijing, in the second half of the year
There is still a funding gap of 110 billion, and we still need everyone’s collective efforts.”
“There are mainly three possibilities. First, Bolang Xiaocheng’s official Pre-IPO round of financing. As for the funds raised by the IPO, it may not be able to catch up within the year;
The second is Bolang Terminal. The initial plan is to start financing again in September, and this time expand the scope to the province, mainly depending on the new product launch in August;
Third, Bolang’s communications business should be expanded considering its good cooperative relationship with mobile companies.”
After listening to Wen Liang's words, Xindai was the first to speak: "Bolang Xiaocheng has already made a preliminary financing plan, and preliminary communications with Hillhouse, White Goose, Sequoia, Today and other institutions have also begun."
"The size of Bolang Terminal is suitable for refinancing, and the scale is not small. It mainly depends on the popularity of new products." Li Ze did not take over everything.
"As for the communications business, if everything develops smoothly, the revenue within the year should be close to 40 billion. This part alone will make a good contribution."
In fact, Bolang Group’s current valuation has expanded a lot.
The previous valuation of Bolang Group was 700 billion.
Among the expansions this time, Star Semiconductor’s post-investment valuation is as high as 200 billion, the original asset value is 80 billion, and the new valuation is 120 billion.
Bolang's communications business, storage business, and strategic investment holdings have all expanded, with a comprehensive new valuation of nearly 20 billion.
That is, the current valuation of Bolang Group has reached 840 billion.
The valuation of Bolang Xiaocheng will soon change, and the same is true for Bolang Terminal, which is close to breaking one trillion.
What Li Ze said makes sense.
Mobile's planned investment in 4G infrastructure construction this year is 60 billion. The initial 10% has nothing to do with Bolang, and the later 90%, more than 70% will be given to Bolang.
Regardless of whether Bolang completes the project cooperatively or independently, the moving party will give the target directly to Bolang as long as it meets the construction requirements.
Because Bolang not only made mobile 3G look decent through the Xinghai 1 mobile version, but also helped in publicity.
In a sense, it partially saved 3G's reputation.
Wen Liang nodded slightly and said, "You can decide the specific matters individually."
Turning to business: "Starry Sky Semiconductor is relatively fragile now. The two production lines are not large in size, and there are many problems with the equipment. It is optimistically estimated that the DUV lithography machine supported by Huahong covering the 28nm process will be ready in September.
I have entered the customs, but it’s hard to say whether I can come in specifically.”
"We have to consider this risk."
“On the other hand, I don’t think the domestic DUV lithography machine covering the 45nm process technology in a certain laboratory is ideal. After all, the commercial level has not even finished the 90nm process, and the progress on the microelectronics side is not very smooth.
, our strategic investment is mainly used in DUV lithography machines that cover the 28~14nm process."
"My idea was to try a simple business strategy."
"I have the impression that there is an unwritten rule in the West when it comes to application results in the field of high-tech, dumping products that are ahead of the generation."
After listening to Wen Liang's words, everyone in the congregation had their own thoughts.
Xindai was the first to react: "You mean, we look for opportunities to vigorously promote our use of domestic 45nm lithography machines to reduce obstacles to the import of 28nm lithography machines at a critical moment?"
Wen Liang affirmed: "Prepare it first, just in case you need it."
Then Li Ze, Lin Hong and others expressed their full cooperation.
The last thing mentioned is human resources and finance, and legal affairs.
Wen Liang talked about the arrangements: "Zhao Zhi will be transferred to acting CEO, Tian Wenkai will be transferred to full COO, and other senior executives, you can make arrangements separately. My personal idea is that Starry Sky Semiconductor may need some independent legal support capabilities, after all, it is far away in Jiangxia."
Lin Hong responded: "Understand that the intellectual property rights involved in Starry Sky Semiconductor are the most complex and the most extensive, and it does require independent legal support capabilities."
"..."
Then we briefly discussed the financial arrangements, and the meeting ended.
The main purpose of Wen Liang is to do something in terms of business strategy. When the fake is true, the truth is also false. Small external strategies may not be useless.
After all, America wanted to control Bolang to death, but it was impossible for Bolang to stop developing...
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PS: I accidentally blocked a few chapters. It’s not a big problem, I’m just a little timid... There’s still one more chapter tonight.