Reinventing the Millennium.

Chapter 967 Denial
Zhang Zhongmo is back.

Both he personally and Taiji mentioned the ice core in the name of the company.

This matter made the inside of the ice core extremely concerned.

CEO Qiu Ciyun, who is in Germany, also participated in the meeting hosted by Fang Zhuo through online video.

Co-CEO Liang Mengsong and CTO Hu Zhengming both had the experience of working with Zhang Zhongmo at Taiji. They know the ability and determination of this person, and they have SMIC’s experience before them. Therefore, everyone is very dignified.

Semiconductor competition is more complicated.

Just talking about market competition, even if Taiwan Kee takes the lead in the manufacturing process, Bingxin is not afraid.

The problem is that semiconductors are not just about the market.

However, as soon as Zhang Zhongmou came out of the mountain, he wielded administrative factors unkindly, which made people frown and annoyed.

However, soldiers come to block, water comes to cover, internal solemnity and vigilance have not affected the research and development of technology and technology, and are still struggling to advance towards the 45nm process.

According to Liang Mengsong's words, the more Zhang Zhongmou is like this, the more it means that Bing Xin is on the right path.

On February 2th, Fang Zhuo, who had finished internal communication and appeasement, welcomed Bingxin's old comrades in arms.

This trip to Luzhou, in addition to the changing factors on Taiji, there is also a matter of targeted financing that needs to be finalized.

Bingxin’s investment in building a factory in Germany has almost confirmed its intention. Qiu Ciyun is striving for more favorable conditions there, and the start-up capital of this investment is the short-selling profit from the MIGA Fund.

The fourth factory in Germany will use the 65nm process production line, which is also the most ace and mature technology of Ice Core. The overall investment will be to purchase a large amount of second-hand equipment to take advantage of the global industry slump, requiring US$16 billion in funds.

这个16亿美元是马格德堡40%+为期两年的4亿美元无息贷款+最高20%的德国政府补贴，也就是冰芯前期需要拿出的投资金额在5.6亿美元左右。

In order not to affect the normal budget of Ice Core and to continue to increase research and development, Fang Zhuo has already greeted shareholders and will introduce international consortiums for targeted financing, which will be earmarked for the construction of the German factory.

That's a good thing for Ice Core, and shareholders have nothing to disagree with.

But the process still has to go.

Therefore, while the Spring Festival is still in the air, old comrades from Goldman Sachs, DCM, and Deutsche Bank all came to Luzhou to participate in the conference, inspect it, and care about the listing of Ice Core.

Five years have passed since the investment in 2003 to the Spring Festival of 2009!

Ice Core has now become the fifth largest wafer foundry in the world!

Why is there no news about this listing?
Xu Kaiwei from Goldman Sachs, DCM Connor, and Zhang Hongli from Deutsche Bank, they came together this time to discuss this matter with Mr. Fang.

It's ok, it's almost done, I vaguely remember the prospect of going public that Mr. Fang once said, it should be realized soon, right?

When they arrived at No. 1 Yuhu Road, Luzhou and saw Bingxin's label, they suddenly felt a little weak.

"Perhaps we should insist that Mr. Xiong come over this trip." Xu Kaiwei felt a little regretful when he got out of the car.

Zhang Hongli frowned, and said lightly, "Why do you think he doesn't want to come? Do you think it's useless to come?"

Connor was very serious: "What are you talking about? Maybe it's because he and Fang are always together that he doesn't want to come."

Xu Kaiwei and Zhang Hongli didn't know which situation would be more favorable.

The eyes of the three people intertwined, and the secretary and assistants in the car behind also got out of the car, and Mr. Fang could already be seen coming out of the factory with a smile on his face.

"Mr. Xu, Mr. Di, Connor, here we come! Come on, get in the car, let's watch and talk in the factory area."

Fang Zhuo greeted the three presidents who had just got off the car into his own factory sightseeing car.

Immediately, he eloquently introduced the core factory of Bingxin to everyone.

The Luzhou factory is the earliest factory of Ice Core. It has successively built two production lines, one is 130nm and the other is 65nm. The latter is also the only 65nm production line in mainland China.

It is precisely because of the significance of this production line that Luzhou is now one of the domestic semiconductor industry bases. Since the financial crisis, with the lead of the Wafer Service Alliance, more domestic semiconductors have come to Yuhu Road. The company has increasingly established the scale of its "industrial base".

Fang Zhuo's introduction was extremely proud and passionate.

In fact, Bing Xin's status here and even in China is also worthy of his emotions.

The three CEO shareholders silently listened to Mr. Fang's words, occasionally chiming in to cheer.

After finally waiting for Mr. Fang to come to an end, Zhang Hongli said: "Mr. Fang, we are actually a little worried when we come here. Zhang Zhongmo from Tai Ji unexpectedly re-assumed the CEO position for no reason, and directly named Bing Xin. It is really hard work. sinister."

Fang Zhuo looked normal, and said with a smile: "What's the big deal, the ice core is placed here, and it can't be hidden, and I don't plan to hide it, so what can he do to me?"

He continued: "Mr. Dirty, I see that you are pretending to be serious. We are all friends, so don't be coy."

Zhang Hongli pondered: "Boss Fang..."

Fang Zhuo pointed to the Huaxia president of Deutsche Bank, and said, "No, you have to listen to Mr. Xu and Connor, Mr. Dirty, you drive my Rolls-Royce. Don't let them think that you and I are setting up a conspiracy together."

Zhang Hongli opened his mouth, but did not say a word, yes, yes, this is Mr. Fang.

Xu Kaiwei glanced at Mr. Dirty, and said bluntly: "Mr. Fang, Ice Core is now one of the world's largest wafer foundries, and it's time to start the listing process. I know that you have sought financing from an international consortium this time. The factory in Germany."

"If it goes public, it doesn't have to be so troublesome at all. It not only solves the existing funding problem, but also doesn't have to worry about future funding sources. Why not do it?"

Fang Zhuo more or less guessed the intention of the three of them, and said gently: "I don't think the timing is right now."

Xu Kaiwei, Zhang Hongli, and Connor all waited intently for the reason.

The sightseeing car trotted forward, but there was no further action.

Zhang Hongli had no choice but to speak again: "Mr. Fang, as the co-author, you just want to say this to us?"

Fang Zhuo was still gentle: "No, I was thinking of a better way to tell you."

"While there are some signs of recovery in global stock markets, the outlook remains unclear."

"This is especially true for the entire semiconductor industry, and the recovery on the demand side will take a long time."

"Bingxin still had a net loss of 2.9 million US dollars last year. It's not that you don't know that the financial report is so ugly."

"The German factory hasn't been built yet, and 45nm hasn't been researched yet, and Taiwan's directors over there are also eyeing it. Mr. Xu, Connor, Mr. Di, it's not that I don't want to go public, it's really not the right time."

Zhang Hongli insisted on asking: "That party always thinks when is the right time? The listing process also takes time, and it should be better by then."

"Since Zhang Zhongmo attaches so much importance to calling Bingxin a competitor, we must catch up with them before discussing listing." Fang Zhuo replied with a smile.

Connor frowned: "Boss Fang, will this...will be too long? The listing will not delay Bingxin's catching up, but it will be more conducive to raising funds for research and development."

Fang Zhuo thought for a while: "Let's not talk about catching up. If we catch up within one generation, it's time for us to go public."

Xu Kaiwei wanted to ask for a specific time: "Mr. Fang, tell us the time, so we know it well."

Fang Zhuo was silent for a while this time, and then said slowly: "Two years, two more years."

The three presidents and shareholders looked at each other, and for some reason, they suddenly believed in Mr. Fang's promise, two years will be two years, five years have passed, and I will wait for you for another two years.

(End of this chapter)