The global chip manufacturing landscape suddenly experienced a big reversal overnight. The domestic side is not in a hurry. Anyway, it can slowly compete with the other party, while many international chip manufacturing companies are going crazy.
At the video conference, a participant said: "The embargo on mid- and low-end lithography machines was implemented around mid-June. If they don't lift it during this period, we won't lift the control on germanium and gallium raw materials either?"
Upon hearing this, Qin Feng, who was present at the meeting, immediately spoke: "Wouldn't that be a waste of this good card? If we want to lift the control on germanium and gallium raw materials, we should first let the North American Semiconductor Industry Association pull back the global semiconductor industry chain.
The situation before the spring of 2013 is best to return to the situation before the signing of the Wassenaar Agreement."
If the global semiconductor industry chain can be brought back to the state before the spring of 2013 because of this incident, it means that Xingyu Technology's S series chips can continue to be developed, and the Star series of smartphones can use the 14nm process next year.
Chip.
Another participant in charge of semiconductor equipment research and development said: "Who doesn't want this, but do you think it is possible? In the best case scenario, I think even if they promise to use the most advanced manufacturing technology for Xingyu Technology, they will definitely require you to give up.
Domestic production and self-research, can we accept this condition? Obviously impossible."
At this moment, Fang Hong did not speak, but listened to the discussion among the people present.
Obviously, there is also internal competition. Those responsible for domestic substitution obviously do not want Xingyu Technology to play with foreigners anymore. In this way, Qunxing Capital's support for domestic substitution will be strengthened.
Xingyu Technology is currently relying on its remaining inventory. If it plays with Qualcomm again, the pressure will be relatively less. The domestic substitution will definitely not be as urgent as it is now, and the relevant domestic substitution companies will definitely receive less resources.
not enough.
After a while, Fang Hong spoke: "The domestic substitution of the semiconductor panoramic industry chain is the company's strategy, and it is also the country's strategy. Once the strategy is decided, it is decided. The priority of the strategy is higher than other levels. There is no doubt about this."
Speaking of this, Fang Hong paused for a moment and said to Qin Feng: "Just part ways with Qualcomm. Don't dwell on it. Anyway, we can still last for two years. Only when there is no retreat can we move forward unswervingly. In the past two years, the mobile phone business has
If we stay dormant, we will become a blockbuster if we don’t make a big splash in the future. As for the past two years, let’s focus on the new energy vehicle business.”
When the heads of other domestic alternative semiconductor companies heard the words of the big boss, everyone felt at ease. In the future, the resource allocation provided by Qunxing Capital will definitely be much greater.
Qin Feng nodded when he heard this. The current background can only be like this. The focus of Xingyu Technology in the next two years is to develop new businesses based on new energy. However, the smartphone business does not mean to stop here. It is just taking some measures.
A conservative strategy is as long as it remains within the sight of mass consumers and is not forgotten by everyone.
One participant couldn't help but ask: "How will this game unfold, and what will be the final result?"
Fang Hong said calmly: "How else can it be carried out? It is nothing more than a strategy of advancing three and retreating one. It is unlikely that Xingyu Technology will restart the S-series chips, but the sanctions of quantitative capital must be relaxed."
The so-called advance, three retreat, and one strategy is to ask for high prices based on the expectations that one side wants to achieve. There will be more room for retreat later. During negotiations, you can ask for a move back to the Wassena Agreement, and then slowly
bargain.
After the meeting, Fang Hong connected with Chen Yu alone: "This time I have obtained a negotiation bargaining chip for your company. Relaxing the restrictions on your quantitative capital has become our side in this game with the United States.
A condition that must be striven for.”
Chen Yu was surprised at first when he heard this, and then his spirits were lifted. In this level of international game negotiation, every condition obtained by his side must be hard-won and precious.
With so many sectors and subsidiaries under the galaxy, who wouldn’t want such resources? It can be seen that the big boss still attaches great importance to quantitative capital, and it is certainly no worse than Xingyu Technology.
At this time, Fang Hong stared at Chen Yu on the screen and added: "But you also have to come up with some chips in exchange. This game is not about a complete break-up. There will still be bargaining and exchanges in the future.
Reach a new equilibrium point.”
Chen Yu immediately responded: "What do you need me to do?"
There is nothing more to say. The big boss is already so supportive of quantitative capital, so we just need to cooperate decisively.
Fang Hong thought for a while and then asked: "What does Wall Street want most from your quantitative capital?"
Hearing this, Chen Yu subconsciously replied: "Of course I want to get my intelligent quantitative trading model..."
When he said this, Chen Yu was stunned for a moment, and quickly added: "Do you want me to exchange this for you?"
Fang Hongdan said firmly: "If you want to, I won't agree. If you share your unique skill, can you still call it a unique skill?"
Hearing what the big boss said, Chen Yu breathed a sigh of relief. He was a little startled just now, thinking that Fang Hong was planning to let Quantitative Capital use this as a bargaining chip in exchange.
After a while, Fang Hong said with a smile: "The intelligent quantitative model will definitely not be handed over, but it can be rented to them."
Chen Yu looked confused: "How can I rent this? There is a risk of leakage."
Fang Hong said: "Have you forgotten your main business? Your quantitative capital is also an investment management company. Wall Street wants this for money in the end. If you help them make money, won't it be over? Let Wall Street's capital become your company's LP, and you will give them
Set up a business, they invest money, and you provide asset management for them, and then promise them a guaranteed annual return on investment of 20% for this business, and any excess profits above 25% will be commissioned."
After a moment of pause, Fang Hong added: "If the annualized return on investment is less than 25%, your company will make up for it, and then Qunxing Capital will guarantee it. The upper limit of the capital package is US$200 billion."
This condition can be said to be quite generous. There is no asset in the world that can guarantee you a 25% annualized return on investment, which is higher than the stock god Warren Buffett. The most critical point is that no matter the actual profit or loss of this fund is
How much, at least guarantee you 25% annual profit, I am afraid only a Ponzi scheme dares to promise this.
But quantitative capital is different, and there is also Qunxing Capital as a credit guarantee. This 200 billion capital quota will definitely be scrambled by various capitals within Wall Street every minute.
Based on the upper limit of the capital market of US$200 billion, an annualized rate of return of 25% would be a net profit of US$50 billion, and the guaranteed profit would be guaranteed despite droughts and floods.
If only US$40 billion was earned during the current period, then quantitative capital would make up for the US$10 billion gap from its own pocket; if US$100 billion was earned during the current period, the other US$50 billion in profits would be between quantitative capital (gp) and Wall Street capital (lp).
) is divided into shares. Generally speaking, as a GP, you will get about 30% to 35%. Calculated at 35%, Quantitative Capital will share an excess profit commission of US$17.5 billion.
Chen Yu couldn't help but suddenly realized: "I see, I have no objection."
It is completely acceptable to exchange on such conditions. Quantitative Capital will not suffer any losses. Not only can it relax the restrictions of display chips, but it can also manage a large fund of 200 billion US dollars, with the assistance of Chen Yuhe Quantitative Capital’s intelligent quantitative trading.
, the annualized income can definitely exceed 35%, which means you can still make money.
Assuming that US$200 billion earns an annual rate of return of 35%, that is US$70 billion, of which US$20 billion will be used as a commission on excess profits. Quantitative capital can share US$7 billion in net profits.
Although US$7 billion was divided among US$70 billion, don't forget that before this, there was not even US$7 billion, and it also won the lifting of quantitative capital restrictions.
Of course Chen Yu can accept such a conditional exchange.
For Wall Street, although they have not obtained the intelligent quantitative trading model they have longed for, the guaranteed net profit of US$50 billion per year with no upper limit is also very attractive.
