Chapter 1097

Chizuo xiuzang later learned about the high-level gathering in Singapore of Jinhu, Yunyuan, Deyi and Zhongjing microchip.

Li Xiancheng is a prominent figure of the Lee family in Singapore. It is difficult for him to hide from the reception activities he accompanied. The media may selectively forget when reporting publicly, but it is difficult to hide some news from insiders.

Chizuo xiuzang can guess that Jinhu, Deyi, Yunyuan and Singapore have been holding close consultations on the investment of the new plant of Zhongjing microchip. The $3.4 billion investment in Rb is also a rare large-scale project. It is not so easy for the major shareholders of Zhongjing microchip to reach an agreement on investment and project construction. Each shareholder has its own different interest demands. Even if Jinhu still holds the dominant power of Zhongjing microchip, Deyi and Singapore authorities have great weight and their opinions can not be ignored.

According to the Convention, such negotiations will be hidden under the water and carried out secretly. Once the dignitaries of all parties smell the wind, it almost means that the negotiations have entered the final stage. It may not be surprising to sign an agreement before the dinner party.

What puzzles chizuo xiuzang is why Singapore is the final place of negotiation? What kind of agreement did they reach?

At this time, among the major shareholders of Zhongjing microchip, Jinhu commercial has a controlling stake. Even if Deyi exercises the equity subscription authority of 5% in the future, Jinhu commercial loses its absolute controlling stake after its shareholding ratio drops to 47%, but its position is still much higher than that of other shareholders.

At this time, Deyi holds 15% of the equity of Zhongjing microchip and 5% of the subscription rights. At the same time, it is also the main technology supplier of Zhongjing microchip, which should be said to be second only to Jinhu commercial.

The shareholder status of the Singapore authorities is a little worse than that of Deyi, and its importance is not even as important as that of the management shareholders.

The most crucial negotiation option is Singapore, which is somewhat puzzling.

In Beijing's residence, ikezuo xiuzang barefoot stepped on the cold floor, stood in front of the French window, looked at the golden red sunset in the west, and frowned slightly. Although he knew that the mystery would be revealed soon, he was more worried that the mystery was too far from what he had imagined before.

Ozawa sat in front of him, squinting at the bushes under the sunset outside the window.

Huaxia NEC is going to start the 0.25 \ 0.18 micron wafer factory project after following the CIC microchip. In addition to introducing technology from NEC or Panasonic, it even needs Japan to provide a large number of yen policy loans to alleviate the pressure of construction funds - China's central finance is not very rich, and $3.4 billion is enough to build a large nuclear powered aircraft carrier.

As Japan's plenipotentiary, Ozawa bears a lot of pressure on his shoulders; In contrast, Chi Zuoxiu hid behind the scenes and did not have to bear any responsibility. The current situation is quite clear. Although the previous plan is perfect, the efforts to block the Golden Lake financially can be said to have been a complete failure.

Who would have thought that Microsoft would eventually accept a $900 million offer from Jinhu for a 30% stake in global music online?

This news will also stimulate the confidence of Chinese businessmen in Southeast Asia in Jinhu commercial, and the financing capacity of Jinhu commercial in Hong Kong and Southeast Asia will be greatly enhanced. Even if Jinhu commercial does not reduce Kunteng online's shares, it will not have a particularly big problem in raising construction funds for two new wafer factories.

Is it wiser to terminate the new construction plan of Huaxia NEC? Koizumi thought so.

Chizuo xiuzang's mind was not on this at all. He turned around and asked, "why did they choose to conduct the final negotiation in Singapore... Is there a clear message that the continuous huge losses of Chartered Semiconductor in recent years make Singapore Temasek and the government investment group regard the investment in the wafer factory as a daunting way?"

"Perhaps Singapore sees the rapid growth of Jinhu, even if it will face great risks in wafer factory investment, it may look forward to cooperation in other fields to reduce the risks in wafer factory investment," Ozawa said. "If Jinhu is willing to transfer the equity of some core enterprises, I don't think Singapore will be too stingy..."

Ikezuo xiuzang knows what Ozawa meant. If Jinhu is willing to accept the infiltration of the Singapore authorities, Jinhu will become more difficult. Let alone the more mysterious Singapore government investment group, Temasek investment group can easily mobilize tens of billions of dollars of capital. With such rapid growth and strong capital, Jinhu will become a formidable monster.

Li Xiancheng, a senior director of Temasek investment group and a core member of the Lee family in Singapore, attended today's reception all the way. He may have a deeper intention.

Despite this possibility, ikezuo xiuzang shook his head to deny it and said: "At this time, Jinhu's foundation is not deep enough. If it accepts the penetration of Temasek, it is easy to turn the customer into the main force for Temasek... Zhang Ke will not be so stupid. Of course, Temasek's intention is normal. If possible, buy the whole IDA group with us $10 billion. Do you want to do it?"

"It seems that there is no need to discuss it." Ozawa said that although Jinhu places all its overseas businesses under the banner of Jinhu commercial, which makes the overseas profits directly shared by IDA group low, Jinhu really wants to let IDA group list overseas. Under the current capital market environment, the market value can not exceed 20 billion US dollars, which is unimaginable.

Knowing the news that important figures from the major shareholders of Zhongjing microchip gathered in Singapore, Jin nanyong rushed to see Li zaixu.

"This is the president's handwriting from the headquarters..." Li Zaizhu calmly sat behind his desk and pushed a fax to the desk for Jin nanyong to pick it up.

"With the intensification of the turmoil in the Asian wafer market, it is difficult for Singapore wafer factories to survive. The Singapore authorities seem to have this understanding that only by transferring the highly competitive product lines to regions with lower costs and focusing on the development of advanced processes in the mainland can Singapore wafer factories survive..."

Jin nanyong looked at the fax of Li Jianxi's handwriting and was stunned for a long time before he said, "chizuo xiuzang has tried his best to do so many things. He is just fighting around an empty target?"

"Whether this is the bottom of the mystery, I believe there will be results soon," Li Zaizhu said.

Singapore is actually a link in the industrial interest chain of Europe and the United States. Without the acquiescence of the west, it is impossible to unilaterally transfer more high-end wafer manufacturing lines to the mainland. Jinhu and Deyi reached a technology transfer agreement and obtained the approval of the U.S. government. In fact, it can also be said to be the license for the transfer of Singapore's 0.25 \ 0.18 micron wafer production line to the mainland.

Whether it is Jinhu, Zhongjing microchip or Deyi, it has not publicly announced that it will build a new plant.

"Should I spend all my money to buy the shares of licensed semiconductors?" Jin nanyong joked.

"I'm afraid it's too late. Before the opening of the London stock market, the mystery will probably be revealed." Li zaixu said. Chartered semiconductors are listed and traded on the London Stock Exchange. The London stock exchange opens at 4 p.m. Beijing time. Li zaixu looked at his watch. It's already 2 p.m. and thought that the mystery might be revealed in two hours, "Licensed semiconductor now has six lines of 0.35 micron, ten lines of 0.25 micron and eight lines of 0.18 micron. The construction plan of six lines of 0.13 micron has been frozen temporarily. Most likely, the franchise will transfer most of the ten lines of 0.25 micron and a small part of the eight lines of 0.18 micron to Zhongjing microchip to obtain funds to restart the 0.13 micron project..."

The wafer factories of licensed semiconductors are all built in Singapore. The pattern of Singapore's electronic industry is narrow. In addition, various costs in Singapore remain high. In the 0.35 \ 0.25 micron wafer foundry market, licensed semiconductors have lost their competitiveness and only maintain a meager profit in the 0.18 micron foundry market

People's thinking is really strange. Once they get through it, they suddenly open up. They can think through everything, but they never thought that Jinhu could find another way before.

At this moment, the executive secretary knocked on the door and walked in: "the latest news, Temasek investment group, Chartered Semiconductor and Zhongjing microchip will hold a joint press conference at Fulton Hotel, Singapore at three o'clock..."

"Is there a live news broadcast?" Jin nanyong asked.

"No," replied the executive secretary, "all the staff of the headquarters Economic Research Institute are in Singapore and will go to the press conference."

"We can almost catch up with the live news," Li zaixu said.

Jin nanyong sat in Li zaixu's office waiting for the news from Singapore. The three o'clock joint press conference was held on time. The time of the press conference seemed to be very short. At three thirty, the contents of the press conference were faxed - Chartered Semiconductor, Temasek and SMIC finally reached an agreement to exchange assets for equity and cash.

Temasek injected the equity of SMIC held by its DBS Bank into Chartered Semiconductor at the original price. Chartered Semiconductor sold its two lines of 0.35 micron, six lines of 0.25 micron and two lines of 0.18 micron to SMIC at a discount of US $1.6 billion, and fulfilled the obligation of joint investment in the construction of new plants.

In the end, franchised semiconductor will obtain 15% equity and 1.3 billion US dollars in cash of Zhongjing microchip. In addition to obtaining part of the construction funds required for the advanced wafer manufacturing production line, the most key is to convert most of the loss assets into high-quality equity assets; on the other hand, the high price sale of loss assets also makes up for the huge losses in the early stage to a considerable extent It will also obtain a large number of chip OEM orders from Deyi and Jinhu to enhance profitability.

At first glance, Temasek investment group did not get any income, but it improved the financial situation of Chartered Semiconductor. Chartered Semiconductor itself is Temasek's biggest burden in recent years. To remove this heavy burden is Temasek's biggest income. In addition, it also expanded its control over Chartered Semiconductor and ensured its impact on Nanocrystalline microchips through Chartered Semiconductor power.

For the shares of SMIC and SMIC such as Jinhu and Deyi, the budget for the expansion of SMIC Xinpu factory and the new construction of two factories will be reduced to about US $2 billion, so as to avoid additional huge losses due to the explosion of production capacity in the Asian wafer market.

Although Zhongjing microchip attaches great importance to the training of local engineering and technical personnel, it takes only two years to pay more attention, and the training of senior engineers in the wafer manufacturing process takes five years or even longer. At this time, the daily production and process R & D of Zhongjing microchip mainly depends on nearly 300 external middle and senior engineering and technical personnel. Although we can obtain technology from Deyi, we can digest it Deyi's new factory has been built and operated. There is still a serious lack of qualified middle and senior engineering and technical personnel in the company.

Chartered Semiconductor has a mature production system and operation in 0.25 micron and 0.18 micron, and has also trained a large number of engineers. The franchised semiconductor adjusted its business strategy this time. Even if a new 0.13 micron wafer factory is completed, the production capacity will be compressed to a considerable extent. A group of engineers will be idle and can be transferred to Zhongjing microchip to support the construction and operation of the new factory.

The final agreement reached between SMIC and Chartered Semiconductor includes terms on engineering technical assistance and engineer transportation. The first batch of Chartered engineers will send 100 engineers to Jinshan to participate in the construction of 0.25 micron wafer plant.

Jin nanyong sat in Li zaixu's office and carefully pondered the open cooperation agreement between Zhongjing microchip and Chartered Semiconductor. Unconsciously, four o'clock passed. Four o'clock Beijing time is the opening time of the early trading of the London Stock Exchange. Li Zaizhu came out for a while, went back to the office and asked Jin nanyong, "you didn't buy the licensed shares with all your money. Do you know how much you lost?" he sat back in his seat, turned the display screen to Jin nanyong and watched the soaring stock price of the licensed semiconductor opening like a torrent.

"It's only 500%. If the enthusiasm is a little too high, it may fall back..." Jin nanyong smiled helplessly. Chartered Semiconductor has suffered losses for nine consecutive quarters. It should be regarded as a plague stock in the London Stock Exchange. At this time, the stock price soared. It can be seen that the cooperation agreement with Zhongjing microchip is popular in the market. To put it in detail, Temasek investment group, the major shareholder, has the most profitable book. It is very difficult for Japanese chaebols such as Mitsui to destroy the cooperation between Zhongjing microchip and licensed semiconductor.

Li Zaizhu sighed slightly and said, "I don't know what chizuo xiuzang would think. In addition, you will accompany me to Wenzhou tomorrow..." not only should Samsung Hongxin's wafer factory project be accelerated, but Samsung's other industrial layout in China should be accelerated in the face of such a fierce Jinhu.

Zhang Ke never had a chance to get along with Jing Meng alone in Singapore. He left Singapore on the 10th and flew to Jinshan via Hong Kong.

Students at the University of Hong Kong have begun to enjoy a month long winter holiday. Tang Jing returned to Jinshan two days earlier than Zhang Ke.

When Zhang Ke came to Jinshan, he naturally expected to take Tang Jing to Xu Xueping's house for a meal at night, or cook directly at Tang Jing's house to make a delicious meal for everyone. Before entering the pick-up hall, he stood in front of the baggage conveyor belt with the staff and waited for his luggage. Through the floor glass, he saw a crowd of people standing in the pick-up hall. Tang Jing stood next to Zhao Youlun and waved excitedly here.

Before getting on the plane, I specially called Tang Jing to ask her to pick up the plane together. I passed Dongtang at dusk and could see the birds returning late in Dongtang. However, I didn't expect Zhao Youlun to run over and join the fun. There were a group of accompanying officials around him.

Zhao Youlun can't wait to see Zhang Ke. He knows that Zhang Ke will arrive in Jinshan today, but he doesn't know where he will transfer. He knows more about the specific flight. He stares at Tang Xueqian's daughter and follows him to the airport to intercept Zhang Ke.

Zhang Keyou and Zhao Youlun agreed on the investment plan of Jinhu in Jinshan, but in Zhao Youlun's view, the previous communication was just Zhang Ke drawing a big cake for him. Before it was really implemented, even if Zhang Ke brought hundreds of pages of project plan to him, Zhao Youlun dare not expect too much... The 10 billion yuan pulping project is still a big cake painted on paper?

Zhao Youlun didn't believe that what should come was finally coming until the cooperation agreement between Zhongjing microchip and licensed semiconductor was announced and the new plant construction plan of Zhongjing microchip was unveiled. However, Zhongjing microchip has introduced ten lines from the franchise this time. Several lines are located in Jinshan and several lines are located in Jianye. Which new plant will break the ground first? These issues are pending, and Zhao Youlun naturally has trouble sleeping and eating.

As the economic, cultural and political center of Jiangnan Province, Jinshan has not introduced a billion dollar * * investment project so far, which is really embarrassing.

The breakup of Jinshan Lake has had too much negative impact on Jinshan. In addition, the focus of economic work in the province is on Xinting. Although Zhao Youlun is in power and holds the posts of secretary and mayor, his life is not easy.

Watching Zhang Ke walk into the pick-up hall, Zhao Youlun, regardless of other people's little lover's eagerness to make love after leaving, took the first step to meet the past, smiled brightly and said: "should not sneak past Jinshan and not shoot? I'll be the host tonight, and you can choose the place."

"Well," Zhang Ke also knew that he couldn't take off Zhao Youlun, looked at his watch and said, "I plan to get off the plane to watch birds in Dongtang, and then go to Uncle Xu's house for dinner with Tang Jing. If Secretary Zhao can accommodate my time, he will go to Uncle Xu's house with me for a meal..."

It would be great to have the opportunity to make out with Xu Xueping, Secretary of the provincial Party committee. Zhao Youlun nodded and promised: "it's best. Dongtang project has entered the early stage. I'm going to take the time to have a look..."

With the addition of Zhao Youlun, the family banquet would not be a family banquet. Tang Xueqian was in the Xinting, and Gu Jianping didn't come to join the fun. Zhang Ke and his team took a car through Dongtang and didn't delay much time to watch the birds return late, so they drove directly to Xu Xueping's residence in the provincial government guest house. Xu Xueping went home from the provincial Party committee in advance and invited Liang Weifa to dinner at home. He knew that the Jinshan factory project also affected Liang Weifa's mind.

Xu Xueping's residence in Jinshan has deep and clean trees in front of and behind the house. Even in the cold pain, there is not much depression.

Zhang Ke, Xu Xueping, Liang Weifa and Zhao Youlun sat in the study and chatted. At this stage, Zhang Ke no longer played tricks and said directly: "There will be eight lines for the SMIC in Jinshan, two lines for the 0.35 micron thread and six lines for the 0.25 micron thread. The investment budget of Jinshan is about US $1.6 billion. It is said that the SMIC will build two new plants. In fact, it is not. The two lines for the 0.18 micron thread will merge and go to the Xinpu plant without building a new plant..."

Zhao Youlun didn't expect that Jinshan would get 80% of the $2 billion investment. Naturally, he was excited. But at the same time, he was thinking: will the scheme of Zhongjing microchip fill Jianye with opinions? He thought so, but he wouldn't say it. His selfish idea was that there was a real friction between Jinhu and Jianye.

Zhang Ke also said: "the licensed semiconductor has six 0.35 micron threads. In addition to two transferred to Zhongjing microchip, it will also invest in a new plant in Jianye to place the remaining four lines. Whether Huaxia NEC's investment can be implemented or not, Jianye will usher in a third wafer factory..."

"Oh, that's the original arrangement!" Liang Weifa said. Jinhu finally introduced another wafer factory to Jianye, which will make the foundation of Jianye's electronic industry more profound.

"For the time being, Zhongjing microchip will mainly meet the internal orders of Jinhu and will not develop the OEM business on a large scale, so this time it does not eat all the production lines that the franchise wants to eliminate, but persuades the franchise to go to Jianye to build a new plant in person. However, Jinhu will also participate in a small amount of shares in the new plant invested by the franchise in Jianye..." Zhang Ke said.

Xu Xueping smiled and said, "you always don't forget to give others a stick..."

SMIC is mainly to meet the internal orders of Jinhu, but the wafer factory chartered to invest in Jianye is mainly OEM business. The long-term loss of the franchise is not due to the poor technology and poor management of the franchise, but mainly due to the high cost in Singapore and the narrow pattern of the local electronic industry. Once the franchise moves the production line to the mainland, it can make up for the previous loss to the greatest extent At that time, Huaxia NEC will be directly threatened by the competition of the new licensed factory.

Huaxia NEC can compete for new licensed factories in the OEM market, that's the hell.

Chartered Semiconductor never mentioned the plan of Jianye to build a new plant in the public information this time. It's supposed to let Ge Jiande and others continue to jump, and then choose to slap them after they are most satisfied.

Zhang Ke smiled and said, "anyway, Jinshan factory will break the ground first. The announced construction budget is $1.2 billion..."

Liang Weifa was thinking about another aspect of Zhang Ke's words and asked, "Zhongjing microchip will add ten lines this time, which are mainly to meet the orders within Jinhu?"

As a reminder to Liang Weifa, Zhao Youlun is also aware of the subtleties. He has recently studied the knowledge of wafer manufacturing. Zhao Youlun silently calculates that there will be ten new lines, and Zhongjing microchip will have 16 wafer production lines. The yield and yield will reach the desired state, which can almost meet the production demand of more than one billion chips a year. In the future, Jinhu will Can this order be so large?

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