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Chapter 421 Xingkong Semiconductor's large-scale financing (Part [-])
The canteen equipped in the yard is not that big, and the exterior decoration is so-so, not too impressive.

The interior decoration is not bad, at least the visible range is quite clean and tidy.

The canteen only occupies two floors in total.

The first floor is an open dining area, and the second floor is semi-open and semi-private.

It is commonly known as the leading restaurant.

Wen Liang and his party were led to the second floor by Boss Tang and the others. The reception arrangements were naturally in place, and there would not be too many or too few people entering the single room.

A round table with 15 chairs is arranged for 12 people.

On Bolang's side were Wen Liang, Lixia Hetian, and Zhao, a total of four people. Jiang Xia's side was a bit special, Mr. Ruan rushed over specially, and there were 8 people in total.

Some pleasantries are inevitable at the dinner table.

The development of Xingkong Semiconductor was also mentioned.

This round of financing will definitely take shape, at most, there may still be negotiations on the share of funds.

Mr. Ruan said casually: "I just realized that Xingkong Semiconductor's construction progress is very fast, and your company is paying a lot of attention. It seems that it will drive the development of the Optics Valley area in the near future."

"All of this is due to Jiang Xia's strong support, we will definitely do our best." Wen Liang said in agreement.

"..."

After a few more words, Boss Tang also interrupted the topic and said intentionally: "Boss Wen attaches great importance to the development of integrated circuits. I wonder if we in Jiangxia have the conditions to carry a core city."

"Of course, we don't want to compare with Shanghai, but is there any hope for the title of the second city of integrated circuits in China?"

Wen Liang was not surprised that Boss Tang, who was in charge of the economy, would have such thoughts, and replied with a smile on his face: "I believe that Jiangxia has this condition and this strength."

The tone is very firm.

"Then let's wait and see." Boss Tang accepted it as soon as he saw it, and raised his glass with a smile.

As a matter of fact, Boss Tang knew something about some things as early as Xingkong Semiconductor settled in Jiangxia... As a member of the administrative system, he didn't even need to hint, someone would take the initiative to collect and sort out the information.

Among them is an ambition made public by Dr. Jiang Shangzhou as early as 1998.

Dr. Jiang is a very powerful person.

It is a bit of a coincidence that his doctorate was studied at ETH (Zurich Institute of Technology), which was 87.

This school is actually quite well-known, generally considered to be Einstein's alma mater and so on.

Dr. Jiang returned to China immediately after completing his studies and did not stay in Switzerland. However, the domestic situation at that time made his majors useless for the time being, so he chose to become an official in desperation.

It is a pity that his talent was not appreciated, and he has been in official career for many years.

However, even so, he is still considered the founder of the Shanghai chip industry, etc., and once served as the chairman of SMIC.

Even more unfortunately, he passed away in 11 years.

Putting these aside, Dr. Jiang has tracked the industrial structure adjustment and industrial upgrading of Wanwan, and he is convinced that in the field of semiconductor production, management, and marketing, Chinese talents rank first in the world, and in the field of semiconductor design, Chinese talent ranks first in the world. second.

Then he drew up a blueprint.

At the end of 98, Zhangjiang Microelectronics Development Zone, with a planning area of ​​22 square kilometers and three times that of Hsinchu Industrial Park in Pudong, attracted global outstanding entrepreneurs, scientific and technological talents, marketing talents, and factory management talents, developed integrated circuit supply capabilities, and made breakthroughs in semiconductor production and Test key equipment bottlenecks.

01~05期间申城引资100亿美元建设10条技术水平等于或高于华虹NEC909工程的8英寸~12英寸集成电路生产线。

10年申城建成世界级集成电路生产基地，将会拥有世界20条主流技术(12寸)集成电路生产线和30条一般技术(8寸)集成电路生产线。

In 15 to 20 years, with the introduction of hundreds of billions of dollars of investment, the technical level and production scale of Shencheng's integrated circuit production line may surpass that of Wanwan.

It is a pity that this grand blueprint is far from the future, and the delay is more than 10 years.

Boss Tang raised the question tentatively based on this blueprint, because... Xingkong Semiconductor has invested heavily in research, talent, and construction.

This time, we will raise 800 billion RMB!

This can basically be compared with the scale of foreign investment in this blueprint from 01 to 05.

Boss Tang took it for granted that Bolang's courage is not limited to this... because he has never seen any company that has invested hundreds of billions of RMB in cash funds to do research work before an industry has landed. !

"..."

The dinner table was always full of laughter and laughter.

There are not many serious things to talk about, and there are more things about the blue sky and the north.

…………

After the meal, Boss Tang and Mr. Ruan hand in hand to send Wen Liang and his party away.

Turning around, the highest-level regular meeting was initiated.

The executive deputy took the lead to speak: "Star Semiconductor's hand is very big this time, and Bolang Group's sincerity is also very high, releasing 40% of Star Semiconductor's equity at one time."

"I personally think that this level of funding can be considered."

Another person followed suit: "For a long time to come, domestic substitution will be the mainstream. It was rare for us to be selected by Bolang last year, and we should support it."

"Indeed, in other cities, Bolang is vying for it."

Boss Tang also expressed his opinion: "In principle, I have no objection."

In the end, Mr. Ruan also expressed his support for this ultra-large-scale financing.

……

In this financing, there are actually some small things involved.

Xingkong Semiconductor is a wholly-owned subsidiary of Bolang Group. The cooperation with Hualiwei is only reflected in the joint construction of the production line. Hualiwei holds 38% of the rights and interests of the production line, and can only enjoy the share of the output revenue of the joint construction production line. Run.

In fact, if it is not for win-win cooperation, this part of Runhua Liwei will not be able to enjoy it, and a one-time payment service will be fine.

After all, at that time, it was possible to choose as long as it was supported by technical experience, but Wen Liang chose to introduce Hualiwei's financial support at that time.

It is not a big deal after all, and this cooperation also allowed Bolang Group to successfully intervene in Huahong, the parent company of Hualiwei, as a strategic investor.

Bolang can be regarded as a catfish in the industry, but its domestic style is very peaceful, not gluttonous at all, and what it pursues is for everyone to develop together.

Although it was because Bo Lang's family couldn't support it, it was also related to Wen Liang's philosophy, unlike Bo Lang's overseas strategy, he wanted nothing to grow.

As for Xingkong Semiconductor's valuation of 1200 billion, this is really not a fraud, nor is it an exaggeration.

After all, the valuation will consider the future income. The current fixed assets of Xingkong Semiconductor itself have exceeded 200 billion, and the total cash investment before is more than 173 billion... The 80 billion loan that Jiangxia took the lead to help Xingkong Semiconductor win in the early stage was comprehensively provided by the group Allocated and used, but now even the co-constructed production line has been partially settled in the equipment for debugging, and this part of the funds has naturally been allocated back.

In addition, Bolang Group transferred its main investment in the semiconductor industry to Xingkong Semiconductor.

These include a significant portion of technology assets already covering DUV and EUV experimental-level R&D.

The initial comprehensive result is that DUV needs to invest 692 billion in experimental-level research funds, and an additional 425 billion in funding for EUV experimental-level research;

Because the situation is developing, and some equipment already has domestic solutions, and some projects have something in common, this and other reductions, in the end, only 987 billion research funds were invested in total, which was fully covered after the first quarter profit harvest.

And more than half of this part was transferred to Xingkong Semiconductor, which is about 600 billion in scale.

In addition, there are some other assets, such as the market assets of the United IC Design and Exploration Laboratory. After market evaluation, 1200 billion is really not much at all.

After all, the combined value of fixed assets and technical assets exceeds 800 billion, and it is impossible not to blow bubbles at all.

…………

The inspection and evaluation of Jiangxia did not take too long.

Only one day later, at 4:10 am on the 30th, Wen Liang, on behalf of Star Semiconductor, signed a memorandum of cooperation with Tang Boss, representing Jiangxia's municipal finance, municipal state-owned assets, municipal development and reform, and urban investment.

In the name of the city's state-owned assets, multiple parties accounted for 40% of Star Semiconductor's shares.

The agreement contains certain VAM clauses, which are not difficult to complete, mainly taxation, industrial agglomeration, and employment.

Star Semiconductor will have an astonishing number of jobs.

Similar to the financing of Bolang Terminal in Yangcheng, Jiangxia took part in land resources as a price, and then took the lead in guaranteeing the exchange of bank loans.

Local City Investment has a lot of money on hand, but it is difficult to come up with so much cash.

Jiang Xia is very lenient about where the Bolang Group will use the funds, because everyone knows that Bolang is short of money now, and it will definitely not put so much money in Xingkong Semiconductor's account to become moldy.

It only restricts that the loan funds cannot be used for the development of commercial real estate, etc... You may not believe it, but all these restrictions were imposed by Bolang on its own initiative!
Anyway, using the property rights of the land as a shareholding can be regarded as an instant hit between the two parties.

As a result, Xingkong Semiconductor holds many vacant land plots in the core areas of Jiangxia Yangtze River and East Lake, among which residential land occupies 8% of the total amount, and the rest is industrial land in the Optics Valley area.

In Jiangxia, how much land can 800 billion be exchanged for?

In the whole year of 2012, Jiangxia's land income hit a record high of about 900 billion, involving a total of 14.97 square kilometers of land.

It has not been high so far this year, and it may reach a new low in the second half of the year. After all, there are document instructions in the province.

All in all, calculated on a year-on-year basis, this year's 800 billion yuan can be exchanged for almost 13.5 square kilometers of land, which is larger than the area of ​​the two Zhujiang New Towns.

In fact, Xingkong Semiconductor has won about 15 square kilometers of land, but the residential and commercial land is less than 3 square kilometers.

Among them, 12 square kilometers of industrial land is located in Optics Valley. For the 1.8 mu that Xingkong Semiconductor requested to reserve when it settled down, the price is nearly 160 billion yuan, which is about 1300 yuan per square meter, which is neither cheap nor expensive.

The price of a piece of 273 mu of land for residential and commercial use is as high as 70 billion yuan.

This piece of land is warm and good. It turns out that the 13-year-old Jiangxia Land King sold for a sky-high price of 90.1 billion yuan. Later, the Yuexiu International Financial Exchange business district was built.

Jiangxia is very conscientious. It took 66.2 years to complete the demolition of the land after a total investment of 3 billion yuan, but the price was only 70 billion yuan. Of course, this was also the starting price at that time.

All I can say is take what you need.

This time, Wen Liang didn't spend any time at all to choose the land. Jiang Xia's service was very good, and he directly drew some circles on the map.

Mainly, the industrial land with the largest area of ​​12 square kilometers is determined.

The other plots were chosen as uncontroversial as possible, and there was a plan to put them up for public auction, so it was very simple.

……

At Wen Liang's request, Jiang Xia did not publicize this financing.

Everything seems to happen quietly.

After completing this simple financing, Wen Liang did not leave Jiangxia in a hurry, he still had to walk the streets...
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PS: I may have to ask for leave tomorrow, let’s have a look first, I’m not sure yet, I’ve been arranged to go out...

(End of this chapter)