Chapter 1165

Li Zaizhu is also deeply aware that Jinhu will be a strong opponent of Samsung in the electronics industry.

In July, fresh graduates from colleges and universities across the country successively left school for employment. This year, the number of fresh graduates in China exceeded the threshold of one million, providing Chinese enterprises with high-quality and cheap human resources. Li Zaizhu has always believed that it is one of the key factors for Chinese enterprises to grow rapidly.

Other member enterprises in Jinhu system are not much concerned by the media, which has a great relationship with the internal public opinion control of Jinhu. However, the recruitment plan of IDA group was publicized by the media as early as years ago.

This year, the number of fresh graduates of IDA group will reach 5000, becoming the enterprise with the largest number of fresh graduates in China. Two thousand of them will flow to Oak Park, the core R & D institution of Jinhu.

Different from the new graduates recruited by other Chinese high-tech enterprises, Oak Park first created a dual tutor training mechanism in Jianye and local universities, introducing outstanding students majoring in Information Engineering, microelectronics and other related majors to Oak Park's Laboratory for internship during school, The middle and senior R & D personnel hired by Oak garden as the second tutor for academic and technical guidance, which greatly makes up for the shortage of Chinese universities in cultivating middle and high-end technical talents.

With the establishment of branch research institutions in other central cities, Oak Park will naturally bring the double tutor training mechanism to the past.

Three years have passed, and the dual tutor training mechanism has reached the harvest season. More than 60% of the 2000 new people added by Oak garden this time are fresh graduates trained by the dual tutor system. They actually completed the training of junior researchers during their school years.

Oak Park had only 4000 formal researchers, but this dual tutorial system similar to the maintenance mechanism makes the actual staff of Oak Park far exceed the official figures of Jinhu, which often makes the outside world underestimate the R & D strength of Jinhu. Li Zaizhu keeps his eyes on Jinhu all the year round. In the past two years, he has stayed in Jianye for most of the time to figure out some mysteries of Jinhu. It will also make some non-profit means to spy on the business secrets of Jinhu. He knows that Oak Park submitted more than 2600 invention patents in China and more than 800 invention patents abroad in the first half of this year.

In fact, since Jinhu independently developed the baseband chip technology of digital mobile phones, special international analysis institutions have begun to pay attention to the R & D strength of Jinhu. However, Jinhu is a newly emerging technology enterprise, and there are few publicly disclosed data and materials; Maybe Jinhu did it deliberately. Although the disclosure of these data and news can increase the influence of Jinhu's brands, the shaping of brands and goodwill is a very complex systematic project. The so-called excess is still insufficient. Jinhu is still very cautious in this regard.

Unless, like Li Zaizhu, he stares at the golden lake with one eye open, it is difficult to soberly know the details of the golden lake.

The "hundred talents plan" put forward by Jinhu for the global recruitment of middle and senior technicians is quite amazing. In fact, there are nearly 1000 middle and senior technicians recruited by the "hundred talents plan" of Jinhu, including the middle and senior experts introduced by SMIC. The additional welfare cost paid by Jinhu for this purpose exceeded US $100 million.

In its public publicity to external media, IDA group claimed that the capital budget of the whole Oak Park research system this year was US $400 million. It is amazing that Chinese enterprises have invested so much in R & D. It is expected that the sales revenue of Aida group will exceed 30 billion in 2000, and the R & D investment accounts for more than 10% of the sales revenue, which is already the technology investment level of world-class science and technology. Even if Samsung Electronics has always been willing to spend a lot of money on R & D, its R & D budget in 2000 accounted for only 8% of its sales revenue.

Even though some analysts believe that they have overestimated Jinhu's determination in technology R & D, Li Zaizhu knows that the $400 million R & D budget is just a smoke bomb emitted by Jinhu. He has analyzed the separate financial data of Aida. Jinhu's investment in the R & D of the electronic industry is likely to exceed US $400 million last year, and this year's investment in the R & D of the electronic industry may even exceed US $800 million, which does not take into account the investment of listed company Aida electronics in the field of disk drives and the R & D of new processes in the wafer manufacturing process.

Because Jinhu commercial undertakes the important task of Jinhu's overseas financing, Jinhu commercial must publish some strictly reviewed core financial data to the financing object. Samsung's intelligence search department is still competent. In addition, it is difficult to hide the product data of IDA group, so it is not difficult to estimate the actual cash flow that Ida group can obtain.

Even if a considerable part of overseas profits will be retained by Jinhu commercial, the profits of IDA group in China's mobile phone market in 1999 exceeded US $500 million, and the growth rate this year is expected to be no less than 50%. In addition, IDA group still has many hidden income, and the cash flow inflow will be very huge.

Li Zaizhu noted that Jinhu has been very strict in ensuring that the incoming funds are used by IDA group itself. Many Jinhu member enterprises such as century Jinhu, Xinguang paper and Shengxin electric appliance have received financial support from IDA since 1998; On the other hand, Aida group has always been conservative in its investment in factory entities. For example, when Aida's sales of mobile phones can even exceed 10 million this year, while its factories have only 8 million mobile phone capacity expansion plans this year - so it can still estimate Jinhu's real budget for electronic industry research.

Before Jinhu, it can also be said that for those who lack sufficient understanding of Jinhu, it is difficult to imagine that a Chinese enterprise has such magnificent determination, or even ambition, in the investment of R & D system.

The key is that Jinhu makes too much money on consumer electronics. Even such a high proportion of scientific research investment will not cause much financial pressure.

Jinhu's ambition in the electronics industry is really appalling. Li zaixu's mind is heavy. He sat forward a little, patted Jin nanyong on the shoulder and asked, "how ambitious do you think Jinhu is? Is it aimed at Samsung or Sony?"

In 2000, Sony was the natural king of the consumer electronics industry; Lee Jae soo boasts that Samsung Electronics is already very strong, but at this time, he can only bow down to Sony. Even if Sony competed with Jinhu before, it also lost the sliding iron of the disc player movement. At this time, it is also losing in the portable music player market, especially in the portable digital music player market.

Jin nanyong did not answer Li Zaizhu's question. Now people with a clear eye can see Jinhu's ambition in the consumer electronics industry. China's No. 1 consumer electronics enterprise is far from meeting Jinhu's appetite. He said: "I think Jinhu has long had a layout on TFT LCD. I collected a list and found that Jinhu has consciously recruited resigned personnel from the modern semiconductor LCD department since the Asian financial crisis in 1997. Its' hundred talents plan 'has also recruited a number of top experts in the field of LCD technology... Jinhu's crystal screen electronics produces STN LCD, but in the whole LCD industry, STN Technology is a technology facing elimination and limited development prospects, which is not worth such a large-scale and vigorous investment. Jinhu's offer to modern semiconductor to acquire its TFT liquid crystal department is quite sudden for the industry. I think Jinhu may have been ready long ago. "

"Oh?" said Lee Jae soo. "Tell me about your guess."

"I suspect that Jinhu has mastered the TFT related technology. Even if Jinhu unexpectedly announced that it has mastered the mobile baseband technology, the biggest possibility now is that Japan and many of our Hg enterprises have laid out the TFT LCD industry for many years. There is a patent trap that Jinhu can't get around. They may buy the LCD Department of modern semiconductor just to buy an entry certificate..." Jin nanyong said.

"Do you think so?" Li Zaizhu sat up abruptly. This speculation is very different from the previous prediction. It was predicted that after Jinhu acquired the modern semiconductor liquid crystal department, it must also rely on Hg's R & D and production system. It is by no means a simple thing for Jinhu to completely integrate Hg's R & D and production system. Even if Jinhu's acquisition is successful, it can still set many traps. If Jinhu had long been successful Make technical preparations. If it is only an entry certificate this time, it means that Jinhu's dependence on Hg LCD R & D and production system is minimized. It's difficult to do anything later.

"It's very possible," Jin said.

"They are so determined that they firmly believe that TFT LCD technology will eventually suppress plasma screen technology?" Li zaixu asked.

"If Jinhu starts with Samsung or Sony as the target, he has no choice in TFT LCD technology and plasma screen technology..." Jin nanyong said.

Li Zaizhu nodded and knew what Jin nanyong meant. TFT LCD has technical difficulties in large screen, but plasma screen has technical difficulties in small screen. Jinhu still takes mobile phone as the core industry. In the selection of crystal screen technology, it is a natural choice to choose TFT LCD technology which is easy to be practical and small screen.

"Even so, there is no way to stop." Li zaixu sighed softly.

"If modern semiconductor knows that this is the background of Jinhu, it may play a role..." Jin nanyong said.

"Well, you should help me contact Park Zhenchang immediately. No matter what the real situation is, park Zhenchang should also believe that it is possible..." Li Zaizhu said.

In the past, the long time of the creditors behind the scenes of modern semiconductor will lead to the depreciation of tangible and intangible assets such as liquid crystal production line and liquid crystal technology, so they also have the expectation of facilitating the transaction as soon as possible; if they are convinced that Jinhu is not greedy for the R & D and production system of modern semiconductor, only the entry certificate has key value to Jinhu, the risk of delaying time will be relatively reduced Minimum.

Samsung hopes that Hyundai semiconductor can delay for a while.

The secretary came and whispered that Li zaixu called again soon after he left. Park Zhenchang was confused and left quietly to pick up Li zaixu's phone in the study next door.

Watching Park Zhenchang walk into the next room to answer the phone, Zhang Ke turned his head slightly and whispered to Zhang Yaping, "these vampires are really hard to kill..."

Zhang Yaping smiled. He could see Park Zhenchang talking on the phone through the crack of the door. Although he couldn't hear what he was saying, he saw the hesitant snooping on his face. The phone seemed to be related to them. He whispered to Zhang Ke: "I don't know if he got the information against us temporarily. His eyes were a little vigilant."

"..." Zhang Ke narrowed his eyes and said quietly, "I have the consciousness to give them a stroke. I think it's not impossible for them to raise the purchase price again, but we also need them to put themselves in a position to consider the financial pressure for us. I think they always need customers in Finance..."

Zhang Yaping nodded. In the established plan, it was said that some of the acquisition funds were provided with loans by several creditor banks led by Chaoxing bank. If the other party raised the acquisition price, they could ask the creditor banks to increase the loan amount to offset the pressure on funds. As for the mortgage required by the mortgage, you can take the acquired fixed assets as collateral.

Park Zhenchang can't confirm Li Zaizhu's judgment. After all, Li Zaizhu can't hold the relevant information and data collected by the Samsung intelligence search department in front of him. Park Zhenchang even suspected that Li zaixu wanted to maliciously destroy the acquisition. He had every reason to believe that Samsung people would do so; Of course, the possibility mentioned by Lee Jae soo does exist. It is amazing that Jinhu has quietly studied the mobile phone baseband chip technology. You know, Samsung Electronics has twice failed in front of baseband chip technology.

Park Zhenchang will not immediately test the tone of Jinhu. After all, he can only represent Hanxing bank. Speaking of this, he wants to borrow the characters in Beijing to see the young shadow hidden behind Jinhu. This shadow is also appreciated by Li Jianxi, who is regarded as the God of management by Hg people.

Thinking of Li zaixu's visit, park Zhenchang couldn't help smiling. It's really not a good thing to appreciate Li Jianxi. Although Park Zhenchang was prepared to hear some rumors about the young man before he came to Beijing, he was still deeply shocked when he saw Zhang Ke.

Like many Hg people, park Zhenchang has some personal heroism complex. He feels that some people can always achieve some special undertakings. It is still difficult to connect the rise of Jinhu with the young man in front of him. According to the prediction of Hanxing bank, the profits of IDA group's consumer electronics business in and outside China this year will even exceed that of many famous Hg electronics enterprises in Asia. Aida group looks weak. It is because Aida group puts most of its overseas business under the name of Jinhu commercial, and many overseas companies will not publish financial data, hiding the income that should have been merged into Aida group.

Even so, IDA group is still the second largest electronic enterprise in China, second only to Huaxia electronics; The announced profitability also far exceeds that of Huaxia electronics.

In addition, park Zhenchang has the highest interests and has no particularly strong national complex. On the contrary, he was puzzled by the extreme thinking of some Hg young people, who were arrogant and sat on the sidelines. In his opinion, Hg has no possibility of becoming a powerful country geographically. It is most important to pursue its own interests among the major countries. There is no need to be overly vigilant towards China and Chinese enterprises.

Of course, if Li zaixu's judgment is true, park Zhenchang will not forget to blackmail Jinhu on behalf of Hanxing bank. However, this judgment is not supported by enough evidence for him. He needs to discuss the decision with other creditor representatives of modern semiconductor after returning to Hg.

After having lunch with Park Zhenchang, President of Hanxing bank, Zhang Ke will also meet with Yang Rongping of China Unicom in the afternoon.

In early July, while China Unicom was publicly listed on the stock exchange of Hong Kong, it was also listed and traded on the New York Stock Exchange of the United States. The financing of the two places' listing exceeded US $6 billion. This is the largest financing activity in Asia except for Japanese enterprises, and has become one of the most important financial events in July.

It should also be said that the strong recovery of NASDAQ has created a good external financial environment for the successful listing of China Unicom. Most importantly, China Unicom has solved the previous capital hunger through this financing.

Since the beginning of the year, Jinhu has been behind the scenes to promote the cooperation between China Unicom, Lianxin and Kewang high tech in customized mobile phone business. Worried about the distribution density and carrying capacity of China Unicom's g * * network, and in order to avoid excessive stimulation of China Mobile, Zhang Ke persuaded China Unicom to agree to abandon its previous radical plan and select some central cities with complete g * * network equipment to promote customized mobile phone business on an experimental basis.

So far, nearly half a year has passed. China Unicom has promoted customized mobile phone business in nearly ten central cities such as Beijing, Guangdong and Jianye, and carried out various promotional activities similar to "recharge and send mobile phones" to promote the growth of new users in the region.

This move is very effective. In cities where China Unicom promotes customized mobile phone business, the growth rate of new users is significantly higher than before, and even the speed of developing new users can catch up with the tail of mobile companies.

When ordinary people still treat mobile phones as luxury goods, the activity of recharging and sending mobile phones naturally has a strong temptation, and has attracted many business people and the management of enterprises and institutions. Most enterprises and institutions will not reimburse the cost of purchasing mobile phones, but most will reimburse the communication expenses of managers or business people - business people and the management of enterprises and institutions have always been regarded as high-end user groups in the mobile communication industry.

At the beginning of the year, Zhang Ke promised to supply one million sets of baseband chipsets to Lianxin and Kewang high tech at a low price for the production of China Unicom's customized mobile phones. One million mobile phones are even far from enough to cope with the experimental promotion of customized mobile phone business in China Unicom's central cities.

Previously, on the one hand, it had an agreement with Zhang Ke, on the other hand, China Unicom also knew that it was in financial shortage. Even if the means to promote customized mobile phone business and develop new users were very effective, China Unicom restrained itself from putting forward any other requirements.

Now, unlike in the past, China Unicom has raised more than $6 billion in one fell swoop. It no longer lacks funds to develop new users by using customized mobile phone business. In order to explain to Hong Kong and American investors, China Unicom needs better user growth data. On the other hand, the previously agreed six months are also about to expire. Zhang Ke promised China Unicom before the Spring Festival to launch an enhanced second-generation baseband chipset six months later to provide Lianxin and Kewang high tech with customized mobile phones with more stable performance and more perfect functions.

When Yang Rongping learned that Zhang Ke had come to Beijing, he asked him to meet him again in Beijing, so that he could have a preliminary common understanding of the next cooperation plan.

Zhang Ke doesn't want China Unicom to be too eager. Since it is no longer short of funds, the first thing to do is to improve the communication network, eliminate the signal blind area, improve the communication carrying bandwidth, and then fight with China Mobile.

Zhang Ke knows that some things may not be satisfactory. China Unicom has suppressed the mobile communication bureau, the predecessor of the mobile company, for several years. The situation has always been very desolate. How can we suppress the excitement when there is a chance to turn over. On the other hand, China Unicom has survived under the suppression of the mobile communication bureau for many years. It is also a means of taking the edge with the sword. Now it has developed, but its thinking has changed very much. It still loves the means of taking the edge with the sword. Taking advantage of preferential policies such as customized mobile phones to engage in a price war with China Mobile is only one side of taking the edge with the sword. The main thing is that China Unicom is determined to build a new CDMA network with incompatible standard outside the g * * communication network to fight against the GPRS network that China Mobile Group will upgrade from the g * * network. This time, China Unicom has obtained a financing of US $6 billion, which will be mainly used for the construction and operation cost of CDMA network.

At this time, Zhang Ke is not able to judge how many positive effects can be produced by delaying China Unicom's radical plan for half a year, but he knows that if he does nothing, China Unicom will probably be difficult to become a competitive enterprise threatening China Mobile. Zhang Ke remembers that in the past, China Unicom's profits fluctuated at the level of about one tenth of mobile for a long time. I'm really sorry for the policy support they received after 2000, and for the monopolistic mobile communication operation license in their hands.

Jinhu's fundamental frequency chipset has developed the second generation enhanced type. It can be said that it has matured in G * * communication technology and has the conditions for large-scale production of mobile phones at this level. If Unicom wants to get a cost advantage far ahead of mobile companies in customized mobile phone business, they must rely on Jinhu's technical solutions. To be selfish, China Unicom's aggressive expansion plan at this time can help Jinhu expand the share of domestic medium and low-end mobile phone market, which is more beneficial than harmful to Jinhu.

Zhang Ke made commitments to China Unicom, Lianxin and Kewang hi tech during the Spring Festival. Within two years, Jinhu's ess mobile phone baseband technology only supports China Unicom's customized mobile phone business. Within two years, Jinhu does not directly use ess mobile phone baseband chip to produce low-end mobile phones, avoiding direct competition with Lianxin, Kewang hi tech and other enterprises in the domestic market.

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