Chapter 1052

Under the control of Jinhu, even if the SMIC can only be engaged in medium and low-end chip OEM, the profit is not low.

SVCD decoding chips do not have high requirements for wafer manufacturing process, but the core intellectual property rights are controlled by Jinhu, Deyi and scober. Even if the price has been adjusted, the shipment price of SVCD decoding chips has been maintained at more than US $20 per chip, and CIC microchip can at least obtain more than US $1 per chip from the OEM order of SVCD decoding chips.

In the flash memory chip market, Jinhu, Toshiba and Samsung share the world. All three are happy to enjoy the huge profits brought by flash memory chips. After completely digesting the flash memory chip technology, in addition to meeting the internal demand, Jinhu mainly supplies scooter and actively transfers other market shares to Toshiba and Samsung for digestion. The shipping price of global 32 m storage specification flash memory chips is still maintained at more than $60 per chip - so that every time scooter's CEO aimer sees Chen Xinsheng Su Jindong and other senior executives of Jinhu are gnashing their teeth. Jinhu's profits in flash memory chips are even as high as the profits of iPlayer product sales - after all, the marketing cost of iPlayer's overseas sales is huge, and there is almost no extra cost for flash memory chip sales except manufacturing and R & D. The monthly sales of Jinhu flash memory chips exceed 24 million US dollars, and the gross profit margin is higher than 60% or even higher.

Such tacit cooperation also enables Samsung to maintain rational restraint when the Chinese market is suppressed by Jinhu, and Zhongjing microchip can also obtain considerable subsidy profits from the OEM orders of flash memory chips.

Only in these two items, compared with other wafer foundry enterprises, Zhongjing microchip can obtain at least US $20 million in additional income every year, which is particularly important for Zhongjing microchip in its early growth stage; This also makes the medium crystal micro core still have the spare strength to make long-term and continuous investment in the research and development of wafer manufacturing process under the survival pressure in the early stage of growth.

After the private dinner at the home of Angela Bo, CEO of Deyi, Zhang Ke, Chen Xinsheng, Liu Zhicheng and others all returned to the hotel by car. Angela Bo specially left Deyi vice president del FASI and Deyi China President Zhou Zhengqing to talk.

"According to the observation of the scientific and technological information search department, the invention patent applications submitted by ess in recent times should be closely related to the research and development of baseband chips," said delfasi, standing in front of the windowsill with a red wine glass and looking at the ginseng tree in the broad courtyard, "It seems that when Jinhu first accepted the digital mobile phone manufacturing technology from us, it was planning to develop baseband chips... Just don't know what step they did?"

Zhou Zhengqing sat silent, but he was surprised.

He was in China and was not responsible for research and development. He was really not clear about some news. He did not expect that Jinhu had the courage to go on the baseband chip project. Not to mention that Samsung had folded twice on the baseband chip, even IBM had suffered a great loss after losing the battle on the baseband chip. Jinhu not only had the courage to go on the baseband chip development project, but also went on the baseband chip development project long ago?

Anjiber smiled and said, "Zhang Ke is probably the most ambitious Chinese I have ever met," he recalled with a slight frown. "So far, I still take care of the first email he sent me in my computer..."

Zhou Zhengqing flattered and said, "it's Mr. Angela. Your email created the golden lake at this time."

"I can't say that," said an jiber, shaking his head and smiling. "There is an old Chinese saying, what's the name of 'gold scales are things in the pool'?" an jiber looked at Zhou Zhengqing unconfirmed. "If you want to rise, you have to rise. Without that email, you may just miss the opportunity of cooperation between Deyi and Jinhu."

Zhou Zhengqing wondered where angiber heard such an old saying in China, and the meaning could still be understood. He just couldn't figure out the deep meaning of angiber. Seeing that he appreciated the success of Jinhu so much, did he tend to transfer the 0.18 micron wafer manufacturing process to Zhongjing microchip this time?

Del FASI could understand Angela's meaning and said with a smile, "I'm afraid they still hide their heads and tails. It's hard to judge..."

Hearing what del FASI said, Zhou Zhengqing understood a little.

Deyi always focuses on the development of high-end chips. Even if Jinhu successfully develops baseband chips, it is impossible to pose any threat to Deyi's high-end baseband chips. The real pain is those manufacturers who compete directly with Jinhu in the terminal market. If Jinhu successfully develops medium and low-end baseband chips, Jinhu will have too much cost advantage in the medium and low-end mobile phone market It's not hard to imagine who has the ability to completely suppress Jinhu in addition to the main high-end model markets such as European and American RB?

How much has Jinhu invested in technology research and development over the years? Zhou Zhengqing is thinking about this problem. Will he discuss this problem with Chen Xinsheng directly tomorrow? He doesn't have to wonder. Angiber and delfasi can't judge the development process of Jinhu's baseband chips at this time. If Jinhu has successfully developed medium and low-end baseband chips, it is similar to Jinhu Lake's cooperation in the field of medium and low-end chip production is no longer a temptation that Deyi can refuse. Unless Deyi completely lets go of the medium and low-end chip market, otherwise, it is Deyi's best choice to trade technology for increased holdings - if Jinhu is only half hanging on the research and development of baseband chips, and is likely to repeat the old path of Samsung and IBM, Deyi has no need to resist Pressure from the media and the public brought out the 0.18 micron wafer process technology.

At Husum international hotel in Dallas, Zhang Ke, Chen Xinsheng and Liu Zhicheng are also considering how to make Deyi make concessions. Of course, they will not fully share the bottom card of technology with Deyi.

Showing the bottom card can persuade Deyi to transfer the 0.18 micron wafer manufacturing technology, but Deyi is bound to ask for more shares. Zhang Ke would rather spend cash to buy the technology from Deyi than let too many shares of the neutrino microchip fall into Deyi's hands,

At this time, Deyi has already held 10% of the shares of Zhongjing microchip, and Jinhu's holding of Zhongjing microchip is just above the holding money. Other shares of Zhongjing microchip are scattered in the hands of Yunyuan group, the Singapore monetary authority and the management. It is the limit for Deyi to reach 20% of the shares, but it is unclear whether 20% can meet Deyi's appetite.

There is nothing for Jinhu to give up its absolute control, but the final control can not fall into the hands of foreign capital.

The introduction of 0.25 and 0.18 micron wafer process technology will certainly require the construction of another large-scale wafer factory with high specifications. Compared with the first wafer factory, the construction of the second wafer factory by Zhongjing microchip will receive relatively limited financial support from the central and local governments. Jinhu will be under pressure for more than half of the huge capital of more than US $1 billion.

Jinhu commercial has collected more than 2 billion US dollars in total. These funds look very huge, but they are not enough to deal with the existing projects.

Nearly half of the early reclamation projects of the 10 million ton steel industry base have been completed. Next, Donghai United Steel and Dongshan steel will officially merge and start the construction of the 10 million ton steel industry base. With a large investment of $34 billion, Jinhu commercial will have to solve $67 billion by itself even if it accounts for only 20% of the shares. And the iron ore project in Perth, Western Australia, with a billion dollars is only the bottom.

Zhang Ke now has no difficulty in understanding why Samsung owed nearly $20 billion in foreign debt during the Asian financial crisis in 1997. If Jinhu had the opportunity, it would not mind paying $20 billion in foreign debt for expansion.

At this time, Jinhu only hopes that the state will not deliberately suppress it, and does not expect that the state will provide strong support in financing. If it wants to develop, the problem of capital should be solved by itself.

Zhang Ke participated in the negotiations on the final stage of technology introduction and stayed in Dallas until the end of August.

During this period, ESS also officially established a mobile phone chip research department, suggesting to Deyi that they have made key progress in baseband chip development, and no longer mind letting the outside world know their ambition for baseband chips. Although the industry is full of doubts about whether Jinhu can successfully develop baseband chips, this hint is sent to Deyi.

Deyi finally agreed to transfer 0.25 and 0.18 micron wafer process technology to Zhongjing microchip in the mode of equity plus cash. Zhongjing microchip obtained the authorization of relevant wafer process technology. Deyi's shareholding in Zhongjing microchip was increased to 15%, plus US $50 million in cash, and it also had the right to subscribe for 5% of the shares.

This is only the first step. The transaction also needs to be approved by the board of directors of Deyi and the U.S. technology export regulatory authority, as well as the board of directors of Zhongjing microchip; In addition, the construction of a wafer factory with a reinvestment of more than US $1 billion in China also requires the approval of the State Council's planning and development and Reform Commission and other departments. After all kinds of approval procedures are completed, the transaction is considered to be established.

Although it is not clear whether things will repeat, there are still many urgent things to be done in front of Jinhu. First, we must convince the two major shareholders of the Singapore monetary authority and Yunyuan group to agree to increase capital and build a second wafer factory. If one family is unwilling, Jinhu will have to bear an additional capital pressure of US $120 million. Although the monetary authority of Singapore has abundant funds, after being hit by the Asian financial storm, investment is still a little afraid of hands and feet, and it is not necessarily willing to increase capital for CIC microchips; Yunyuan group is in the process of industrial structure adjustment and has great capital pressure; In addition, the collective management of the shares held by Zhongjing microchip can not take out much capital; Deyi doesn't mind injecting capital according to the shareholding ratio at that time, but Deyi only holds 15% of the equity in total; Another 85% of the pressure is almost on the head of Jinhu.

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