The reason why she mentioned this was mainly for Lin Xi.
Real estate will explode sooner or later. Even if there is no financial deleveraging this time, there will be other things happening next.
It would be better if LBS Financial Holdings was smaller or more stable.
But what Lin Yao knew about Linmu Financial Holdings was that it was expanding in an extremely brutal manner, with an absurdly high debt ratio. It was a completely empty-handed project. It first sought a bank loan to obtain land, built the house, sold it, recovered some of the cost, and used part of it.
To repay bank debts, part of it will be invested in the development of the next project.
The projects under construction were used as collateral with banks to obtain land loans.
Crazy about getting land, selling houses, getting land, selling houses.
With such a brutal expansion method, even if housing prices rise again, the profits will be far less than the speed of expansion. The high interest rates will be enough to crush LMU Financial Holdings to death.
Lin Yao also learned that after her unreliable father left Xiaoyao, Lin Xi took over Linmu Financial Holdings and has been selling off the assets of Linmu Financial Holdings in an attempt to reduce the load rate.
But it is a pity that Linmu Financial Holdings' previous expansion was too brutal and the debt ratio was too high. It has been difficult to reduce the debt ratio by such means.
The capital chain of Linmu Financial Holdings is now in jeopardy. Once the capital chain is broken, or the knife falls from above, the business crisis will come.
Insolvent.
In the end, it will either be acquired or go bankrupt.
Lin Xi definitely didn't want to see this situation.
Lin Yao didn't want to, after all, no matter what Lin Mu Financial Holdings said, it was created by his unreliable father.
Selling the properties in hand now is not a long-term solution, and if the debt ratio cannot be reduced, we will have to find another way.
Industrial transformation is inevitable.
It doesn’t matter whether you are in the health industry or the automotive industry.
certainly.
Superficial transformation will definitely not work. If you want to tell the government about superficial transformation and then trick the government into continuing to acquire land, you may die faster.
It is not too late to transform.
In the world that Lin Yao lives in, domestic real estate has not yet reached the level where it was difficult to transform in the later stages. At least there is still a chance, which is better than starving to death and going bankrupt one day.
As for what to do with transformation.
Lin Yao felt that it would be best to move to high-tech industries that are supported by the state.
Now the whole world is obviously moving in the direction of Lin Yao's future.
The news that she has followed for a long time, whether it is the rise of the gaming industry or the news of the next generation of communication technology, seems to indicate that the haze of past wars has completely passed, and the era of entertainment to death is about to usher in.
In the next era, the most important thing should be the chip.
The main reason why graphics cards here have been used in professional fields is because the initial demand for chip manufacturing and design came from national defense and security. Therefore, the original two levels of this world have never been open to large-scale integration by private capital.
The circuit manufacturing industry.
All are state-owned.
It wasn’t until the haze dissipated that this thing was opened up to private capital.
But at the beginning, most private capital was very cautious about semiconductor component products, chips, and the like. Because they were constantly being watched, this led to the rapid development of professional graphics cards and the extremely unbalanced development of software and hardware.
It wasn't until the past few years that this aspect was gradually opened up and things changed.
at the same time.
Because the chip manufacturing equipment and technology here were still in the hands of the government a few years ago, the world has not yet developed the kind of giant that has developed to the point of despair.
Lin Yao feels that the chip manufacturing industry is actually quite promising. She also experienced a chip shortage in her previous life.
And...if the development of the world line is similar.
After the gloom of war has passed.
Games are developing rapidly and new communication technologies are coming.
The two levels of this world may usher in a new war without gunpowder. At that time, the country should focus on developing the semiconductor industry, and support will be very strong.
If you enter the semiconductor industry now, you can still seize the opportunity.
certainly.
Chip design is more promising.
It's just that this is not an area that Lin Yao can get involved in now. Chip manufacturing has been open to technology in recent years, and the demand in the civilian field is not high, so there are no giants.
But design is not something that can be achieved by a professional graphics card out of thin air, so she hasn't thought about it yet.
However, it is said that there is a future...
However, large-scale integrated circuit manufacturing is a capital-intensive, technology-intensive, and labor-intensive industry.
To put it bluntly, it is actually similar to an electronics factory.
In Lin Yao's previous life, this industry was almost monopolized by giants such as TSMC Sun and Moon Star.
Other private capital may not even be able to drink the soup. There is no such giant here, but the risk of building a self-built production line is very high, the initial investment is also very large, the labor cost is not low, and the profit margin is not as high as in real estate, mining, coal and oil refining and other industries.
High, not even a fraction of that.
And the most important thing is that for chip manufacturing, to be honest, LMU Financial Holdings cannot afford the cost of a 14nm production line... because it is too expensive.
Lin Yao planned to let Linmu Financial Holdings first transform into a graphics card OEM, and take advantage of the gaming industry to see if it can be done. Then, on this basis, take advantage of the open import environment to explore the establishment of a chip manufacturing production line, and then look at the above
Is it possible to support and continue the transformation?
Although it sounds a bit ridiculous for the board maker to suddenly say that he wants to make chips...
But that’s right.
It's the window theory.
Moreover.
Lin Yao actually had the mentality of giving it a try.
"Chip foundry? Does your studio have any semiconductor companies?"
When Zhang Jianghu heard Lin Yao's words, he was stunned for a few seconds before he reacted and asked.
"Not yet, just planning to test the waters."
Lin Yao shook her head and said frankly: "The capital behind Linmu Studio, Linmu Financial Holdings recently wants to transform the industry."
"this……"
Zhang Jianghu was a little dumbfounded: "No way, Mr. Lin, your request is simply a fantasy. There is nothing we can do."
"...That's it."
Lin Yao nodded and said calmly: "Mr. Zhang, is it possible for us to become your authorized graphics card manufacturer?"
"Authorized graphics card manufacturer?"
Zhang Jianghu was a little surprised when he heard this.
The graphics card chip company here is not the N card or A card model of later generations, but a model similar to 3dfx, which is also the company that made the Voodoo graphics card.
Not only do they have the ability to design and produce chips, they can also produce their own graphics cards.
This is why Lin Yao told Zhang Jianghu that she wanted OEM chips, because they have their own factory and can still provide technical support.
"That's it..."
Lin Yao briefly talked about the AIC model of later NVIDIA.
To put it simply, it is a business model in which finished chips are sold to authorized graphics card manufacturers and processed into finished graphics cards.
After Zhang Jianghu heard this, he was slightly startled, then looked at Lin Yao.
Lin Yao didn't have any unnecessary expressions and was still smiling.
"Then Mr. Lin, do you want to be a channel manufacturer?" Zhang Jianghu asked.
The so-called channel manufacturers refer to manufacturers that do not have their own factories and do not produce products, but others produce them and put their own brands on them.
Colorful was previously a channel manufacturer.
ASUS and MSI are all producing these in-house, and a small part may be OEMed.
"No, self-produced." Lin Yao shook her head.
"Then I'm sorry that I can't do anything."
Zhang Jianghu also shook his head and rejected Lin Yao.