Chapter 605 [Adjusting strategies to seek the initiative]
Qin Feng wants Xingyu Technology to build new energy vehicles. Fang Hong will definitely not object to this. He knows the future trend of this industry.
Moreover, Qunxing Capital has already made plans in the new energy industry chain.
There is no problem with his decision. A car is larger than a computer. Being large means that the key technology nodes of the chip require refinement. Compared with a palm-sized mobile phone, the requirements for refinement are much lower. The chip can be made
If it is larger, the manufacturing process requirements will be less stringent.
In other words, it is easier to achieve domestic substitution than smartphones that require high-end chips.
In the next three years from 2015 to 2018, when the tar series of smartphones are missing, in addition to developing businesses such as smart tablets and laptops, Xingyu Technology can fully focus on new energy vehicles.
Terminal business comes.
The main crux of the substitution of domestic semiconductors lies in high-end chips, but in fact the mid- to low-end is also a very critical link. Fang Hong has already begun to lay out this point, cannibalizing the mid-to-low-end chips. Foreign chip manufacturers do not have enough
to maintain its investment in high-end chip research and development.
If the speed of development is slowed down, the gap can be shortened faster.
Qin Feng got the support of the sponsor's father and had a positive attitude, so he had no doubts about it and could go ahead.
Whether Xingyu Technology is opening up new businesses or entering the field of new energy vehicles, if there is no source of income when the smartphone business is "interrupted" in the future, it can only rely on capital transfusion support.
The support from the sponsor's father became particularly crucial. With Fang Hong's words, there was no need to worry. You could just go ahead and get started. If the money was not enough, you would borrow debt from Qunxing Capital for development.
…
Fang Hong came to the Xingyu Technology headquarters and talked with Qin Feng for almost an hour. The things they talked about were all related to the company's major strategic layout in the future. Such major events are often determined by the fewer people involved.
Once this was established, Qin Feng quickly discussed it with the senior management of Xingyu Technology and then formulated a more detailed plan.
As Fang Hong left the Xingyu Technology headquarters, Qin Feng immediately hosted a high-level meeting within the company to discuss the establishment of the Xingyu electric vehicle brand, the establishment of the R&D team, and the development of new businesses such as smart tablets and computers.
have a discussion.
In addition, the more important thing is to increase orders for 620 chip processors and 680 chip processors.
Now that we have prepared for the worst, we must adjust our strategy appropriately and decisively. Previously, we hoped to show weakness to the enemy, but it turned out that the opportunities given by Apple were in vain. In the domestic market, users are more inclined to Xingyu Technology
Its tar series products.
I would rather wait for a while or buy a 3 phone at a high price without losing money than go to the Apple store next door to buy an iPhone phone. This can already lock in the ironclad fact that Apple will face a "Waterloo" situation when entering the Greater China market.
There will definitely be some dirty tricks and moves later. In such a big market, will European and American capital be willing to admit defeat?
If you can't compete in the market on the surface, you will definitely have your thoughts behind the scenes. Fang Hong knows best what the descendants of the Angsa pirates are like.
He is not the kind of person who lets the other person do the first grade of junior high school first, and then does the fifteenth grade himself.
Since it is unavoidable, then do the first grade yourself first and seek the initiative.
…
Entering August, Xingyu Technology no longer intentionally limits the sales of 3, but instead begins to think of ways to expand sales. After all, there will be many places to spend money in the future. Make more money now, and at the same time, the user base of the t ecosystem will exceed 100 million as soon as possible.
magnitude.
At the same time, Qin Feng sent a director of Xingyu Technology to fly directly to North America to discuss with Qualcomm people an additional order of 45 million pieces of 620 chips, and an additional order of 1.5 billion pieces of 680 chips. This is done.
Let’s fly up to SEMC again.
Qualcomm can't refuse the increase in volume and price. It won't be too difficult to settle Qualcomm's side and raise Semiconductor's side.
Originally, for the 620 chip processor, several domestic rivals had already approached Qualcomm to negotiate purchase orders. Because of the agreement between Xingyu Technology and Qualcomm to jointly develop the 620 chip processor, the product was not exclusive to Xingyu Technology, and the intellectual property rights were all owned by Xingyu Technology.
It is owned by Qualcomm, which means that Qualcomm can supply 620 chip processors to other smartphone manufacturers.
Including the 680 processor at the back, it is not exclusive to Xingyu Technology.
However, once the boat of friendship between the two parties overturns, other friendly companies will definitely not be able to get the goods. If they can get the goods, Xingyu Technology will have channels to get them, and the tar series of smartphones will continue to use high-end chips.
That's what you want.
Moreover, Qualcomm was the first to default. Xingyu Technology has no international market, so it is not afraid at all, let alone the support of Qunxing Capital.
In addition, during this period, the listing of Xingyu Technology IP has also made significant progress again. The listing date has been determined and will be listed on the Shanghai Main Board on Friday, November 30, 2012, which is three months later.
The fund-raising has been over-completed, the offline subscription quota has been completed, and the online part has not yet been opened for new purchases.
Xingyu Technology’s IP fundraising this time officially confirmed the issuance of 29 billion new shares, the company’s total share capital is 100 million shares, the additional new shares accounted for 1053% of the company’s total share capital, raising 737.1 billion yuan, and the issue price was determined to be 254 yuan per share.
The market value is 700 billion yuan.
The seven major clusters of galaxy-themed public funds have all obtained a certain quota ratio through offline subscription. Other large institutions include Perennial Capital, Zhongtai Capital and some Guojia Team institutions.
Although the issuance market value of Xingyu Technology has reached the giant level of 700 billion, the actual circulation only accounts for about 75% of the total, and 925% of the company's stocks are restricted shares.
In other words, even if calculated based on the issuance market value of 700 billion, the corresponding circulating market value in the secondary market is only 52.5 billion.
Even after half a year, only 2% of the circulating stocks were lifted, and the overall size of the circulating stocks was only 95%. It is impossible to sell the equity ratio held by Qunxing Capital in the secondary market. The same goes for those Guo Jia team institutions and Xingyu.
The founder team such as Qin Feng of Technology will not sell out either.
In other words, the giant Xingyu Technology will actually have more than 80% of its equity ratio that will not change, even if the lock-up period is lifted in the future. Institutions like Guo Jia team will only pledge stocks at most.
rather than selling stocks.
…
However, in the A-share market during the same period, after the Shanghai Stock Exchange Index hit a new low for the year on July 31, it ushered in a wave of continuous rebound in August. From August 3 to August 9, the index went out of the
The rebound of Wulianyang.
The index has been on a continuous positive line, but the strength is not good. The five consecutive positive trends only pushed the market index to 2,200 points, not even reaching the 2,200-point mark.
Friday, August 10th.
Tian Jiayi came back from Qunxing Capital, found Fang Hong at home, handed him a document and said, "The company's performance for the first half of 2012 has been released."
