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Chapter 422 Prepare first, in case it is useful

Due to time constraints, Boss Tang and the others did not stay with Wen Liang for lunch.

After the cooperation memorandum was signed, Boss Tang and the others specially sent Wen Liang and his party away from the municipal compound.

Although the promotion of this happy cooperation will be very low-key, there are still a lot of related video materials.

For example, the scene where Wen Liang and his party shake hands with Boss Tang and say goodbye.

Later, Wen Liang appeared in Optics Valley Xingkong Semiconductor Industrial Park.

At a glance, it is all in a simple style.

There are no tall buildings that have been completed.

The design height of the tallest building under construction is only 12 floors, and the height of most buildings is 6 floors or below.

Thanks to the already leveled land in the Optics Valley plot, as well as abundant funds, non-stop construction around the clock, and interior decoration that needs to be fine-tuned according to the equipment, the infrastructure project of the experimental production line took less than 6 months.

It was completed ahead of schedule within the specified time, thanks to the mature experience of Huahong Hualiwei in building higher-level production lines.

Tian Wenkai and Zhao Zhi warmly introduced to Wen Liang the main functions of each building that has been put into use.

They had a certain understanding of Wen Liang's style of work, and thought that Wen Liang's inspection work could not be expected.

After all, it has been the eighth day since Wen Liang came to Jiangxia.

It's been a long time.

Before that, I only stayed in the capital for 10 days.

Zhao Zhi quickly mentioned the progress of the main work: "At present, the equipment of the test production line is being stationed in an orderly manner, and the progress in all aspects is very satisfactory. The latest preliminary estimate is that the test production line will initially enter the trial production stage within this year."

"The infrastructure work of the joint venture production line is also going well, and the data at the meeting is the most conservative estimate." Tian Wenkai also talked about the progress of the main work.

Wen Liang nodded slightly, noncommittal.

He knows that, thanks to the mature DUV lithography production process, the time for equipment installation and commissioning is not too bad.

Now the public information shows that the equipment stationing and debugging of the EUV lithography production process took a terrifying year to start.

Moreover, it took more than a year to complete the commissioning and trial production. Only God knows how long it will take for the production capacity to ramp up.

Because there is currently no stable EUV lithography process in the world.

According to the experience of later generations, the official use of EUV lithography technology will not be until 2019 at the earliest. From this perspective, Xingkong Semiconductor has time to catch up.

Because behind Xing Kong Semiconductor is Bo Lang, who is "rich and powerful", and Bo Lang has Wen Liang, the general manager who has a crazy pursuit of high-tech autonomy, regardless of cost investment.

After all...EUV is an applied technology climb supported by sufficient theoretical verification.

There is no such thing as starting from scratch.

The problems to be solved are new attempts in materials, autonomy in components, and optimization in the same theory... Anyway, it is impossible for the field of applied science and technology to be completely independent, and there are so many cross-patent issues that are scary.

In order to deal with the inevitable intellectual property lawsuits, Lin Hong has already taken the lead in launching Bolang's global legal system and invested heavily.

Looking back on EUV, the earliest relevant research can be traced back to the 80s, when it was NTT on Xiaori's side, and then Nikon and Hitachi started research and development in 91.

In 97, Intel felt the great difficulty of challenging the 193nm light source, and decided to cooperate with Yugong Yishan, so it persuaded the authorities to launch a cooperative organization such as EUV LLC in the form of a company.

Led by Intel and American Energy, the three laboratories of Moto, AMD, Lawrence Livermore, and Lawrence Berkeley Sandia have invested [-] million US dollars to gather hundreds of top scientists to theoretically verify the possible technical problems of EUV.

At that time, Intel strongly invited ASML and Nikon to join EUV LLC, but was blocked by the authorities because the authorities were unwilling to share cutting-edge technologies with other regions.

The final result is Nikon... This Ami junior company was excluded, ASML was allowed to join after making a bunch of contribution promises, and another non-American company that was an exception was the German company Infineon.

EUV LLC published hundreds of papers during the six years from 97 to 03, which verified the feasibility of EUV lithography machines, and then disbanded.

Judging from the history of the end of the last century and the beginning of this century alone, overseas acquisitions in the field of cutting-edge technology...how impossible!

This is also the reason why Bolang, led by Wen Liang, has almost never imagined that this possibility will happen. Even in the field of applied technology, once key technologies are involved, Bolang's style is to directly spend money on self-reliance without hesitation.

Because a global takeover with fists and kicks is out of the question.

Because the world is such a fucking multilateral friction.

Because the authorities in various places understand the importance of which technologies are far better than anyone imagined, the so-called leaks in the technology industry... may at most happen within the same region!

In fact, all the world's leading technological products are backed by massive resources, and its importance is well known throughout the world.

Otherwise, how could Jobs be kicked out of Apple, Google quickly acquire Android, and quickly establish OHA?

Rebirth to catch the leak?

Ah.

It is impossible even for you to spend money to participate in research and contribute research results, but also to purchase finished products?
Ah.

The mergers and acquisitions of those giant-level companies basically take place within the same region, but any cross-regional cases will be hindered in every possible way.

A 'less well-known' case is that AMAT (America Applied Materials) acquired Xiaori's Kokusai Electric through the leveraged buyout company KKR. The final price was about 35 billion US dollars, and all regions agreed quickly, and then...AMAT waited for two years Did not wait for China's consent.

There are also more well-known examples, Nvidia wanted to acquire ARM, and then declared failure.

ARM is still a company that has been marked as a multinational joint venture since its inception. Shareholders include Nokia, Apple, etc...

In short, as early as ten years ago, the feasibility of EUV was demonstrated.

Despite facing countless precision manufacturing problems, ASML never hesitated and firmly chose to realize it. In 06, it launched a prototype. In 07, it built a 10000-square-meter super clean room. In 10 years, it released the first prototype NXE3100 for R&D. .

In the past 12 years, ASML had to initiate a customer investment plan, taking 25% of the equity and requesting customer investment to continue researching the prototype with many problems.

The three final selected customers, Intel, TSMC, and Samsung, took a total of 13% of the equity to support ASML's EUV research after a long swing. At that time, ASML's market value was about 200 billion euros.

Even though Intel firmly chose the direction of EUV, he is still not optimistic about ASML's EUV. His family holds 15% of the shares, but only 5% of them support EUV.

In order to continue to invest about 80 billion yuan in EUV research every year, ASML has to release equity and ask customers to invest;
In the case of investing more than 600 billion yuan in the early research of DUV, Bolang once again invested 400 billion yuan to support EUV research in the second quarter of this year.

And built a wafer factory by itself, especially built a test production line for vertical commercialization!

This is the opportunity for Star Semiconductor to catch up!

.........

Soon walking into the administrative office building in the open area of ​​the park, Wen Liang, accompanied by Tian and Zhao, inspected the grassroots work.

Lu Wenliang just smiled and hardly spoke.

Arriving at the 6th floor and entering the CEO's office which has not been opened yet, Wen Liang sat down behind the desk without hesitation, looked at Tian and Zhao, "Have you encountered any difficulties at work?"

Zhao Zhi took the lead in answering: "There are some, and they can be overcome."

Tian Wenkai shook his head slightly.

Wen Liang was noncommittal again, and asked again: "What plans do you have for future work?"

Facing this question, Zhao Zhi didn't hesitate, and answered directly: "Get the company on the right track as soon as possible."

It's too simple.

Tian Wenkai made some preparations and listed one, two, three, four, five items, all of which are how to make Xing Kong Semiconductor work.

Wen Liang changed his mind and looked at Tian Wenkai: "Why are there no measures on how to communicate with the local government?"

"The place..." Tian Wenkai hesitated a little, he really wanted to say that there is a relationship like Wenliang, so it would be unnecessary, "I personally think that we should stabilize the interior first."

Therefore, Wen Liang looked at Zhao Zhi.

Naturally, it was impossible for Zhao Zhi to evade, and he said bluntly: "Strive to maintain the existing relationship and establish good contacts with the localities."

Wen Liang was still noncommittal, and asked the most critical question: "Who do you think is more suitable for the position of CEO?"

"I think I'm more suitable." Zhao Zhi didn't hold back.

Tian Wenkai's face changed slightly, his lips moved, and he finally gave his answer: "Old Zhao is more suitable for the CEO position than me, and I am more suitable for the job."

Therefore, Wen Liang made a decision: "Let's do it this way. Mr. Zhao will be transferred to be the acting CEO, and Mr. Tian will be transferred to be the COO. With the assistance of the group, we will set up the framework as soon as possible."

Tian and Zhao were carefully selected and placed on Xingkong Semiconductor's side, and the conditions must be similar in all aspects.

Li Ze will not choose people randomly.

He is a super pragmatist, he doesn't even have a direct lineage in the true sense, he only chooses people based on whether they are suitable, and he will not favor someone because of familiarity.

For example, both Tian and Zhao are from Hubei.

It's more or less relevant locally.

Wen Liang is not a random decision, Zhao Zhi and the others have been in Xingkong Semiconductor for nearly half a year, and their work performance will not be invisible because the emperor is far away.

Especially at the beginning of this year, Xin Dai and Yang Yun conducted a long-term branch inspection, review and sorting work.

Feedback down to the lowest level.

In terms of ability, Zhao Zhi and Zhao Zhi are not far behind, but from yesterday's financing consultation meeting to now, Zhao Zhi is indeed relatively more suitable as a foreigner.

Tian Wenkai is very organized in internal development and operation, and is suitable for the position of COO, so he became a regular directly.

And Zhao Zhi is just acting CEO.

The meaning of Wen Liang is also clear. How to change from competition to unity is an art. The key to this art is now in the hands of Zhao Zhi.

Star Semiconductor obviously needs not only the CEO and COO, but also more partners to work together.

However...Star Semiconductor has three systems that are not independent, one is human resources, one is finance, and the other is legal affairs.

Human resources were originally partly independent, but after grassroots members reported that it was difficult to ask for leave at the year-end live broadcast meeting, the bureaucratic thinking spread, and Yang Yun went to each branch in person to take back the power.

In addition, the authority of the group's comprehensive management cadre department has been increased, and it cooperates with the moral compliance, internal service and other departments to supervise and manage each other.

The legal affairs have never been independent, led by Lin Hong, he has been expanding the scale and building a strong international legal team.

Not to mention comparable to Disney's legal affairs, at least it is not bad.

As for the finance, it is semi-independent, and each branch has a finance department, but the staff arrangement is not intervened, and it is handed over to Wang Wanyu.

Wang Wanyu spent more than a year and a half in Bolang, leading the financial services of Construction Group for most of the time. In the second half of last year alone, she spent as much as 6000 million yuan to ask IBM to provide consulting services.

It's just that all the electronic processes are kept out of IBM's hands.

So far it can only be said to be preliminary.

Naturally, there is no need to have a completely independent financial department.

Of course... Whether Star Semiconductor or other large subsidiaries have the position of CFO.

…………

…………

In the CEO's office, which has not yet been officially opened, Wen Liang arranged for Star Semiconductor's executive change.

Subsequently, a small-scale multimedia meeting of the group's senior management was directly initiated.

The participants included Li Ze, Wang Wanyu, Yang Yun, Xin Dai, and Lin Hong.

As usual, Wen Liang said straight to the point: "The financing of Xing Kong Semiconductor has come to an end. It is estimated that within ten working days, 800 billion will be remitted from Jiangxia's banks to the group's account. There is still a funding gap of 1100 billion, and everyone needs to work together."

"There are mainly three possibilities. One is Bolang Xiaocheng's official Pre-IPO round of financing. As for the funds raised by the IPO, it may not be able to catch up within this year;

The second is the Bolang terminal. The initial plan is to start financing again in September. This time the scope will be expanded to the province, mainly depending on the situation of the new product launch in August;

The third is Bolang's communication business. Considering the good cooperative relationship with China Mobile, it should expand its operations. "

After Wen Liang finished speaking, Xin Dai spoke first: "Bolang Xiaocheng has already made a preliminary financing plan, and the preliminary communication with Hillhouse, White Goose, Sequoia, Today and other institutions has also started."

"The size of the Bolang terminal is suitable for refinancing, and the scale is not small. It mainly depends on the popularity of new products." Li Ze didn't take it all in.

"As for the communication business, if everything goes well, the annual revenue should be close to 400 billion, and this part alone will make a good contribution."

In fact, the current valuation scale of Bolang Group has expanded a lot.

The previous valuation of Bolang Group was 7000 billion.

What has been expanded this time is that the post-investment valuation of Star Semiconductor is as high as 2000 billion, the original asset value is 800 billion, and the new valuation is 1200 billion.

Bolang's communication business, storage business, and strategic investment holdings have all been newly expanded, and the comprehensive new valuation is close to 200 billion.

That is, the current valuation of Bolang Group has reached 8400 billion.

The valuation of Bolang Xiaocheng will soon have new changes, and the same is true for Bolang Terminal, which is already breaking trillion.

What Li Ze said was not unreasonable.

移动方面今年在4G基建建设上的规划投资是600亿，前期的10%与博浪无关，后期的90%有超过70%是会给到博浪。

Regardless of whether Bolang cooperates or independently completes the project, the moving party will directly give the bid to Bolang, as long as it meets the construction requirements.

Because Bolang not only made mobile 1G look good through Xinghai 3 mobile version, but also helped in publicity.

In a sense, the reputation of 3G was partially saved.

Wen Liang nodded slightly, and said, "You decide on the specific matters separately."

Turning to the business: "Xingkong Semiconductor is relatively fragile now. The volume of the two production lines is not large, and there are many problems with the equipment. Optimistically, the DUV lithography machine supported by Hua Hong covering the 28nm process will be available in September. Enter the customs, but it’s hard to say whether you can come in.”

"We have to consider the risks in this regard."

"On the other hand, the DUV domestic lithography machine covering the 45nm process technology in a certain laboratory, I don't think it will be too ideal. After all, the commercial level has not even got the 90nm process, and the progress on the microelectronics side is not very smooth. , Our strategic investment is mainly used in the DUV lithography machine covering the 28~14nm process.”

"My idea is, try a simple business strategy."

"I have the impression that there is an unwritten rule in the application of high-tech fields in China and the West, which is to dump products that are a generation ahead."

After Wen Liang finished speaking, everyone in the meeting had their own thoughts.

Xin Dai was the first to react: "You mean, we are looking for an opportunity to vigorously promote the use of domestic 45nm lithography machines, so as to reduce the obstacles to the import of 28nm lithography machines at a critical time?"

Wen Liang expressed his affirmation: "Prepare first, just in case it is needed."

Then Li Ze, Lin Hong and the others expressed that they would fully cooperate.

The last thing to mention is personnel, finance and legal affairs.

Wen Liang talked about the arrangement: "Zhao Zhi became the acting CEO, Tian Wenkai became the full-time COO, and other senior executives, you can arrange it separately. My personal thinking is that Xingkong Semiconductor may need a certain amount of independent legal support, after all, it is far away in Jiangxia. "

Lin Hong continued: "Understood, the intellectual property rights involved in Xingkong Semiconductor are the most complex and the scope is the widest, and it is indeed necessary to have independent legal support."

"..."

Then we briefly talked about the financial arrangements, and the meeting came to an end.

Wen Liang's main purpose is to do something in terms of business strategy, and when the fake is true, the true is also the fake, and small external strategies may not be useless.

After all, America wanted to control Bolang to death, but it was impossible for Bolang not to develop directly...
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PS: A few chapters were blocked by accident. It's not a big problem, but I'm a little scared... There is another chapter tonight.

(End of this chapter)