Chapter 193

PS: first of all, I have something to confess. I didn't expect to be busy until the evening. I didn't have time to code. I only wrote more than one chapter. I worked overtime to write another chapter tonight. There's nothing to do tomorrow. I'll make it up all day! I beg your pardon

It will take months or even half a year to prepare for the successful IPO of the company. We need to carry out roadshows all over the United States, publicize the company, tell the public the advantages and potential of the company, and increase the confidence of investors!! During this period, IPO needs to find a suitable underwriter to sell the shares!

For IPO, the role of underwriter is very important! Underwriter as a "veteran", experienced, can play a role in counseling, help the company develop strengths and avoid weaknesses!

Generally speaking, when a company is ready to go public, it is impossible for an investment institution or enterprise to subscribe for your shares just after reading a company's prospectus. In this process, we need some links of communication, explanation and defense, and these need the underwriter to play a role in it!

The more underwriters there are, the more people will help promote the sale of shares, which is very willing for the companies to be listed soon! The more companies subscribe for shares, it means that the company is good and worth investing!

Of course, there will be enterprises to take the initiative to come to subscribe for shares!!!

And this kind of listed company, basically is very cow force, after going public the share is sure to be the company that everybody grabs madly!!!

For example, the company of Qualcomm!!!

The next day, the company announced that it would go public. As a result, hundreds of companies around the world issued subscription requests to the company! At the same time, the top 50 U.S. investment banks want to be underwriters!!!

Naturally, the underwriters are not doing it for nothing. They have to charge a commission. The more successful IPO is, the more underwriters will earn!

The CDMA Technology launched by Qualcomm has become the standard of wireless communication. Then, it launched the CDMA chip, making a lot of money! Moreover, the CDMA network in the United States is becoming more and more popular. With the increasing influence of Qualcomm, the profit will rise! Obviously, once the company goes public, its share price will definitely rise!!!

Which company doesn't want a piece of the money?

So, companies who want to be underwriters and to subscribe for shares have come

There is a lot of excitement in the company. The company has launched equity incentive, which allows employees to subscribe for some shares according to their contributions and working years! After the company goes public, many millionaires and multimillionaires will be born

In the company office, Owen Jacobs is meeting with the Underwriters!

This time, the Underwriters Owen Jacobs invited were all banks.

And the bank is actually the most powerful and qualified dealer, they have business relations with many companies, understand the accounting situation of these companies! Not everyone can subscribe for shares. First, the company must have money and second, it must have influence!

Can the upstart buy your stock and the stock god Warren Buffet buy your stock in the same breath? Obviously not!!!

This time, Qualcomm plans to hire three banks as underwriters.

The first one must be Williams bank, which serves as the main underwriter. The fat doesn't flow to outsiders!

The other two banks have a good relationship with Henry. One is Goldman Sachs and the other is Bank of America.

These two banks are very powerful banks!

Founded in 1869, Goldman Sachs Group is one of the oldest and largest investment banks in the world. It provides a wide range of investment, consulting and financial services to the world. It has a large number of multi industry customers, including private companies, financial enterprises, government agencies and individuals!

Bank of America is a holding bank controlled by the California consortium. In terms of assets, it is the largest commercial bank in the United States. Its establishment can be traced back to the Bank of Massachusetts in 1784. It is the second oldest bank in the United States!

Williams bank is a little inferior to these two banks. If Williams bank is not Henry's industry, then the lead underwriter will not choose Williams bank

Owen Jacobs talked with the representatives of the three banks for a long time, mainly about the matters needing attention in listing.

The IPO of Qualcomm is "the first time for a big girl". Owen Jacobs and others don't know how to operate it. Naturally, they need professional advice! This talk is a whole day!

Owen Jacobs not only has to prepare for going public, but also to build a wafer factory.

As the news of Qualcomm's application for listing on NASDAQ has spread, naturally, it's not difficult to build a factory with land empty handed. After the listing and financing of Qualcomm, you will have money to pay, and it doesn't matter if you are temporarily in debt! What's more, Qualcomm is a subsidiary of Cisco. The subsidiary has no money, and there is a parent company

So Owen Jacobs chose a piece of land in Monterey County, California, to build a large wafer factory!

Monterey County is located on the Pacific coast, south of the San Francisco Bay area, and it's close to Silicon Valley. It's an hour or two by car! The famous Pebble Beach golf course is located in Monterey County. It's good to play golf after work!

After Irving Jacobs assigned the company's employees to be responsible for the listing, he came to the California government and wanted to take the land! Because the administrative division of the United States is completely different from that of China. The president can't manage the governor, and the governor can't manage the mayor. In San Jose, if you want to get land, you can go directly to the mayor. Monterey, however, belongs to a county in California and is not divided into cities. If you want to buy a lot of land, you have to go to the California government.

After Owen Jacobs made his future clear, the California government agreed to Qualcomm's request without much thought. The establishment of a wafer factory by Qualcomm will play a significant role in promoting the development of California, increasing revenue and providing a large number of employment opportunities!

Although the company does not have enough money to pay for the time being, it will have money when it goes public

Wafer refers to monocrystalline silicon wafer, which is refined from ordinary silicon wafer. According to its diameter, it can be divided into 4-inch, 5-inch, 6-inch and 8-inch specifications. The larger the wafer is, the more silicon wafers can be produced on the same wafer, which can reduce the cost, but requires higher material technology and production technology!!!

The current mainstream technology level is in the 6-inch specification. In the 1990s, South Korea took the lead in DRAM memory industry in the world by replacing Japanese manufacturers with nine 8-inch Fabs at the time of the transition from 6-inch fabs to 8-inch fabs!

If Qualcomm wants to build a fab, it's better to build an 8-inch Fab directly! The establishment of a 6-inch wafer factory is obviously outdone by Samsung

Therefore, we must build an 8-inch wafer factory!

After the establishment of a wafer factory, of course, we should also establish a packaging factory at the same time.

The wafer factory is called the former process in the semiconductor industry, while the packaging factory is called the latter process in the semiconductor industry. In short, a wafer factory is to produce silicon wafers and integrated circuits on single crystal silicon wafers. Then the packaging factory gives it pins and needles for packaging, and the shell is the finished product, which can be used!

Generally speaking, after packaging, we still need to test whether this product can work or not, what defects or improvements need to be made

At present, there are many companies specializing in chip testing all over the world!