Reinventing the Millennium.

Chapter 388
Regarding Zhang Hongli of Deutsche Bank, except for Xiong Xiaoge, no one else thought there was anything unusual.

Even Xu Kaiwei, a former colleague of his former employer, the chief representative of Goldman Sachs in China, just felt that Zhang Hongli was very interested in the "Ice Drink Project".

Fang Zhuo's presentation on the project was not over. When the applause in the conference room gradually stopped, he continued to talk about his prospective founder's strategic ideas for the project.

During this period of time, Fang Zhuo has dug out people to find people, counted money to raise money, negotiated and compared various places... Trying to make the various factors for the success or failure of the project the best within the scope of what he can do.

However, money, talent, technology, policy and other factors cannot be successful simply by stacking them together. They can be called the technology of the project, and how to knead them together must have a strategic level.

For investment institutions such as Goldman Sachs and DCM, the investment of hundreds of millions of dollars in semiconductors is not a small number. It is necessary to comprehensively examine the situation of the project, looking at both technology and road.

Therefore, Fang Zhuo spoke clearly and logically.

Regarding the development of the Japanese semiconductor industry and the high-tech competition that the United States is pulling South Korea into, Fang Zhuo did a little research on this industry before he had any idea about it, and even chatted with the Japanese Mitsu Tanaka whom he met during the flight .

Recently, he has thought more about the industry, and has also extensively investigated the situation facing the domestic industry today.

Whether it is Huajing, which has been acquired by China Resources, or Huahong, which has a little disagreement with Fang Zhuo, they have all encountered such a predicament.

With hard work and detours, can we buy the advanced equipment needed by the fab?
can buy.

It is against this background that SMIC has world-class equipment, but it also needs to undergo regular inspections from abroad to ensure that these are not used in the military field.

Moreover, SMIC began purchasing in 2000. With the occurrence of 911, Afghanistan, Iraq and other incidents in recent years, the resistance in equipment procurement is even smaller than that faced by SMIC at that time.

This is obviously a good development time.

Fang Zhuo did not shy away from the possible risks of equipment procurement when talking about strategic ideas, and briefly discussed the situation in this regard, which made everyone in the room nod repeatedly.

Goldman Sachs is from the United States, Deutsche Bank is from Germany, and DCM is from the United States, but capital is for profit. They even discussed the international situation with Fang Zhuo with great interest.

Different from Qiu Ciyun's succinct and concise speech, Fang Zhuo's speech took a long time, and when he felt that he had almost finished speaking, he used a goal as a concluding remark.

"If there is no accident, SMIC will be listed at the end of this year or early next year. This time will create a record in the semiconductor industry."

"I hope our ice core can challenge this record when an excellent company like SMIC opens the way for us, when the international situation is better than three years ago, and when more powerful investment institutions join in."

Fang Zhuo said with a smile: "Personally, I am quite confident."

"Well, I have always been a person who is more willing to practice, so I won't talk about it anymore. You are not ignorant. Our communication today is open and honest. If you have any doubts, don't hide them. I will solve them if I can. It’s okay if you can’t solve it.”

"As the old saying goes, there is no righteousness in buying and selling, and there are many friends and many paths."

"When I started my business, I had some disagreements with President Xiong of IDG. Later, we became good friends, and he is sitting here now."

Fang Zhuo cue the old bear to prove that what he said was true, and he really became friends with the investor.

Xiong Xiaoge showed a smile, but didn't say anything, what he really wanted to say... It seemed that the project that was unhappy at the beginning had a turning point, but it was still far away when it would turn around.

The president preached that different institutions heard different emphases based on their positions.

Still, Zhang Hongli from Deutsche Bank took the lead in asking questions about the option pool that Fang Zhuo talked about.

Because of the huge investment in the fab, the valuation of the project in the first round of financing will be quite high, so the 15-20% option pool is a problem that cannot be ignored.

"As I said earlier, talent and technology are very important. I don't think SMIC has done enough in this regard. Otherwise, Mr. Qiu would not come here."

"In order to prevent Mr. Qiu from leaving Bingxin again, and to allow more Mr. Qiu to drive the development of Bingxin, the establishment of an option pool is necessary."

"I am different from Zhang Rujing. This is a very clear thing. I can't compete in prestige, but I must be favorable in terms of treatment."

Fang Zhuo's attitude was very firm, leaving no room for negotiation at all.

The atmosphere in the meeting room was slightly silent, and everyone was silently estimating the value in their hearts.

"The option pool must be established. I agree with this. The nature of this project must pay attention to talents." Zhang Hongli observed the situation on the spot and proactively put forward relative opinions, "But this amount, I think we still have to discuss it. space, Mr. Fang, what do you think?"

Lu Xun: The house is dark, the roof is torn down, and the windows are opened.

Connor of DCM China nodded slightly when he heard this, and echoed the opinion of the same trench: "Indeed, this ratio is a bit too high, Mr. Fang, if you take 20%, it will be worth more than 2 million U.S. dollars."

The fundraising target is US$10 billion, accounting for 80% of the total. The valuation of the first round of financing is US$12.5 billion, and such 20% is US$2.5 million.

Fang Zhuo glanced at Connor, then at Zhang Hongli, he turned sideways and discussed with Qiu Ciyun in a low voice for a while, and then said: "We can discuss the amount, but I have to say that the attraction of talents is the key to the success or failure of our project. An important factor, don't lose the big because of the small."

Everyone present nodded, mainly, this small is really not small...

Today is the investment meeting of the project. What needs to be confirmed is mutual intentions. If there is any follow-up discussion, the details will continue to be discussed.

In the following time, Fang Zhuo focused on answering questions such as the situation of the city, the implementation of the talent team, and the preparation of his own funds.

Everything is in order, and some objections are contained within a resolvable framework.

The atmosphere of this investment conference was quite good from the beginning to the end.

Fang Zhuo was very calm, Luzhou State Investment was very excited, Goldman Sachs and Deutsche Bank were reserved. They did not speak up to make a concrete statement until the end, but their willingness to participate in the next negotiation proved their inner tendency.

At the end of a meeting, the "Ice Drink Project" seemed to have some impetus, and fund raising was on the right track.

Xiong Xiaoge didn't leave immediately. He sat in Yike's president's office, sipped tea for a while, chatted for a while, and then suddenly asked, "Is Zhang Hongli yours?"

"What do you call me? Deutsche Bank, but I really hit it off with Zhang Hongli." Fang Zhuo smiled and said to Xiong Xiaoge, "You can say that we are like-minded. Decent, not like doing something crooked."

Xiong Xiaoge sighed: "You are quite honest, you really have a plan to go public in three years?"

Fang Zhuo lied: "I am personally working hard for this goal."

Xiong Xiaoge smiled, and the number of three years sounded familiar.

He nodded and said sincerely: "Listen to what you have to say..."

Fang Zhuo picked up his teacup and nodded slightly, the old bear is still fine.

Xiong Xiaoge also picked up the teacup, took a sip and said the second half of the sentence: "Work for three more years."

Fang Zhuo's expression froze slightly, but his evaluation of his friend remained unchanged. Well, the old bear is still okay.

　Normal updates will resume tomorrow.

　　Although I haven't slept well in the past few days, it feels quite novel.

　　
　
(End of this chapter)