Chapter 865

The market has a ceiling theory.

Ceiling theory says that the space on the ceiling is relatively limited.

If someone else occupies the ceiling, it's hard for you to stand up again.

And even if you can stand up, the other has to step down.

It is undoubtedly much easier to reach the height of the ceiling in new areas than to oust others.

Although the valuation reported by Chen Yu is sky high, what he said is not wrong at all.

There are a series of giants in other fields, and it is difficult for them to enter.

Even if they are rich, these giants may not accept their financing.

The video field can be said to be the last ticket in the Internet field.

Not surprisingly, after a group of capital met and discussed, they finally agreed to Chen Yu's valuation of $20 billion.

……

"Mr. Chen, my data came out."

On the other side of the ocean, Chen Yu received a call from Lin Benhan.

"So fast?"

"Actually, these data are not difficult. I had ideas before, and Chen supported us so much that the equipment we bought back was awesome enough, so we were all good at the early stage data."

"Great."

I didn't expect Lin Benhan's execution to be so awesome.

How long has it been? A series of data problems encountered by the lithography machine mentioned by Chen Yu have been solved.

"What are you going to do later?"

"Mr. Chen, I think so. Our lithography plan starts from scratch. If we start all over again, it will take a long time. My suggestion is to buy a lithography company first, and then study our wet lithography technology on this basis."

"Buy Nikon?"

"Mr. Chen, you have too much appetite. Even if we can afford it, people won't sell it."

"Er, which one should we buy? Do we have research on lithography in China?"

"There is one company, Hucheng microelectronics. Although their technology is quite different from Nikon and ASML, as long as our research on wet lithography technology is successful, we can definitely surpass them within three years."

"OK, how much is this enterprise worth?"

"About 5 billion."

"What about the research cost invested in the later stage?"

"The first batch may cost 10 billion."

After thinking about it, Lin Benhan reported a number.

Of course, this 10 billion is not enough, even the amount of the first phase.

However, considering the situation of Huanyu technology, Lin Benhan still reported to the small.

But Chen Yu heard Lin Benhan's meaning: "hehe, are you worried that the company has no money. How can 10 billion be enough? In this way, I'll give you 20 billion."

With the success of Huanyu video financing, Chen Yu has a lot of confidence.

He wished he could say to Lin Benhan, don't be polite to me, I'm a local tyrant.

"20 billion?"

Lin Ben was startled.

"Why, 20 billion is not enough?"

"Enough, the first phase of the study is more than 20 billion."

"It's all right. The research investment should be generous. In addition, the acquisition of that microelectronics company is also faster. If they don't sell $5 billion, we'll sell $6 billion. If they don't sell $6 billion, we'll sell $8 billion. Try to buy time."

What domestic lithography machines lack is time.

Chen Yu's method now is to buy time with money.

"Mr. Chen, will this cause problems to the company's cash flow?"

"If there is any problem, don't worry. Let alone the first phase, I'll tell you that I've helped you with the funds you need for the whole wet lithography technology."

If Lin Benhan hadn't been here, Chen Yu really wanted to show him the account in the bank.

A few days ago, Chen Yu borrowed $8 billion from Huanyu video.

Although 8 billion may not be enough to produce a complete wet lithography process, Chen Yu is confident that the valuation of his Huanyu video can be doubled in a period of time. If it goes public at that time, let alone a lithography company, he can withstand both.

……

"Brin, there must be something we haven't found."

"Page, what the hell are you talking about?"

"I wouldn't be so depressed if I knew."

Google founder page has been a little crazy.

Obviously, he felt that he didn't find anything in Huanyu video, but he didn't know what it was.

This feeling is really bad.

"Page, in fact, there's no need to be so anxious. We still have a traffic advantage."

"Now we have traffic advantages, but not necessarily in the future."

"In fact, there is no way. Otherwise, let's turn on the money burning mode?"

Brin suggested to page.

"Burn money?"

The proposal brightened page's eyes.

The most terrible means of the Internet is not technology, not operation, but burning money.

As long as you have money, you can burn a well-known Internet website.

As long as the other party is burned out of money to fight with you, you will succeed.

"Brin, your proposal is good."

Page suddenly felt much better.

YouTube has invested a lot of money before. If they start the money burning mode, Huanyu video can't stand it.

Just when Google is ready to turn on the money burning mode.

However, the media revealed a news that Huanyu video received the quotation of magic root investment, valued at US $20 billion.

……

"Zhang Lei, what do you think of the wet process proposed by Lin Benhan?"

TSMC, Zhang Zhongmou took out a report at the bottom in the drawer.

This is the feasibility plan for wet lithography process written by Lin Benhan before.

However, Zhang Zhongmou did not reply for other reasons.

But people are strange creatures.

When Lin Benhan went to Huanyu technology, Zhang Zhongmou felt incomparable regret.

"President Zhang, although Lin Benhan's plan seems feasible, the cost is too large and too large for a company to bear. Moreover, if it fails, it will be a devastating blow to the company."

"But what if it succeeds?"

"This..."

Zhang Lei hesitated, but said: "Mr. Zhang, don't worry, Huanyu technology can't get so much money."

"Can't you take it out?"

Zhang Zhongmou shook his head: "don't forget that Huanyu technology has a hen who can lay golden eggs."

This hen refers to the network of friends.

Huanyu technology's LCD business and the OEM electronic product OEM business in Guanlan park all go to the friends network. Although the friend network does not take the money directly to Huanyu technology, Huanyu technology is the largest shareholder of the friend network. This kind of left-handed down right-handed thing should not be too simple.

"President Zhang, it was because Chen Yu had drawn too much blood from the friend network that they dared not continue to borrow funds. Unless Huanyu technology came up with a company with the same valuation of tens of billions of dollars as the friend network."

Zhang Lei finished, but Zhang Zhongmou looked at him directly.

"President Zhang?"

Zhang Lei said weakly that he hated being stared at by Zhang Zhongmou.

"Check whether Huanyu video has capital to contact them recently."

This check.

Zhang Zhongmou was dazed.

An intuition told him that in the future semiconductor business, TSMC will face challenges.