Sprinkle coins every day

Chapter 371 Layout chip manufacturing, Germina will end in person!
By the time Zhang Shuo finished flying around the country and returned to Binhai City, January had come to an end.

And while he was away.

Germination Group officially reached an overseas investment agreement with AMD. Germination Group will invest 5 million US dollars to obtain 25% of AMD's shares and become one of AMD's major shareholders.

This part of the equity will be listed under the name of Dao Sui Group, which will continue to increase the valuation of Dao Sui Group.

In 22 years ago, the market value of AMD was close to 200 billion US dollars at its peak, but the current market value is only 2 billion US dollars.

That means, just from the perspective of financial investment, Germination's investment in AMD will soar nearly a hundred times in less than ten years.

Absolutely great value for money.

From AMD's point of view, Bud's $5 million investment is more like a life-saving straw, which is enough to inject a boost to the market in the event of continuous losses.

Most importantly, the funds can also be used for new research and development.

It is also not a loss!

After the transaction is approved, AMD will hold a general meeting of shareholders. At that time, Inaho Group will have the right to nominate a new director to join AMD's board of directors.

There is no doubt that Lin Zhengdong, president of Inao Group, will be the right candidate.

In this way, Inaho Group will enter into a strategic partnership with AMD, which will undoubtedly be of great benefit to the future technical cooperation and personnel exchanges between the two semiconductor companies.

Because AMD continues to lose money, the approval of the transaction is basically a certainty.

The best part is-

"Through the investment in AMD, we have demonstrated our financial strength to the outside world. According to the latest news I got, Hitachi's attitude has become more and more loose." Lu Kai reported with a smile.

"Very well, it is necessary to maintain this momentum and continue to put pressure on Hitachi."

It can be said that the acquisition of Hitachi Storage is an important part of Sprout's overseas investment and M&A strategy, and it can even be said to be a touchstone, a battle that it cannot afford to lose.

Must get it!
Even if it is said to pay a little more premium, it is worth it.

Because scarce assets like Hitachi Storage will be difficult to buy in the future even if you have money. If one company is acquired, one company will be lost. It is difficult to evaluate with short-term loss fluctuations.

"By the way, look at this."

Zhang Shuo pressed Hitachi Storage's matter, and pointed to a piece of news on the computer——

"Lijing Group is heavily in debt and is on the verge of bankruptcy! "

However, since 08, the DRAM industry in Yizhou province has suffered heavy losses under the siege of Samsung, and prices have continued to plummet. Many companies are facing the dual pressure of debt and loss.

Lijing Group is the first to bear the brunt.

By the end of last year, Lijing Group had debts as high as 284 billion, coupled with continuous losses, it delisted sadly.

The debt problem has not yet been resolved.

Seeing that he was about to walk on the verge of bankruptcy and reorganization, and became an outcast of the times.

Therefore, it has attracted widespread attention.

"Chairman, do you want to enter the foundry industry?" Lu Kai's eyes flashed.

"clever!"

Zhang Shuo couldn't help giving a thumbs up, admiring Lu Kai's sharp thinking.

As a semiconductor company in Yizhou Province, Lijing Group, although not as prosperous as Tai Electromechanical, is not to be underestimated. Its subsidiary Lijing Jicheng Electronics Manufacturing Company is a foundry.

Coinciding with Lijing Group's debt crisis, it is a good opportunity for Bud to buy the bottom.

The reason why Zhang Shuo paid attention to Lijing Group was because the company turned around later on. Not only did it pay off its debts, but its subsidiary Lijing Jicheng Electronic Manufacturing Co., Ltd. was also listed again.

It's legendary.

The most important thing is that in Luzhou, which is known as the strongest venture capital city, Yuanshikong cooperated with Lijing Group in 15 and established Jinghe Integration, which is known as the third largest wafer foundry in China.

Wafer Integration has indeed lived up to expectations. Like a dark horse, in just a few years, it surpassed Goryeo's Dongfang High-Tech in one fell swoop and became the No.10 global wafer foundry.

In China, it is second only to Zhongxin International and Huahong Group.

In the last major integration of semiconductors, Huahong Group has been merged into Huaxia Microelectronics as a whole.

Of course, Zhang Shuo also took a fancy to the fat of Lijing Group. He wanted to follow the example of Luzhou in the original time and space, and invest in Lijing Group. Prepare to build its own wafer foundry belonging to Inaho Group.

After all, you can't pin all your hopes on Huaxia Microelectronics.

You can't pin all your hopes on the calculations against Thai Electromechanical.

As for Zhongxin, forget it, Zhang Shuo didn't have any expectations for it from the beginning to the end.

From the beginning of its establishment, Zhongxin was doomed to have numerous factions.

Genes are impure, no matter how hard you try, it's useless.

Wafer foundry is related to the overall development of semiconductors, and competition with each other is not a bad thing. Zhang Shuo must make thorough preparations and must not put all his eggs in the same basket.

and.

Having said that, only in the Bud system, except for the Candle Dragon chip, the Mango Auto chip, Jing Jiawei's graphics card chip, and Hitachi Storage's memory chip all require the cooperation of the foundry.

In this case, it is reasonable for Inaho Group to intervene in the foundry business.

It is also very suitable.

"Well, after the annual meeting, I will personally go to Yizhou Province." Lu Kai also acted vigorously.

"be quick!"

Zhang Shuo was even more anxious, "The investment in Lijing Group will be finalized within one month."

It's not that he's eager for quick success.

But after two or three months, the price of DRAM will usher in a wave of rising cycle. Although there is no way to pull Lijing Group directly out of the debt quagmire, it can still lose a mouthful of blood.

At that time, if you want to invest in Lijing Group again, the price will definitely be higher.

The icing on the cake, how can there be charcoal in the snow!
"It should be fine."

Although this month spanned the Spring Festival holiday, Lu Kai did not make any excuses. As a group executive, he did not have a holiday in the strict sense.

You have to work overtime.

"In addition to investing in Lijing Group, there is one more thing we must pay close attention to." Zhang Shuo said.

"Please speak!"

"Go to Korea, find Liang Song, executive vice president and chief technology officer of Samsung Foundry, and invite him to join Inao Group as executive vice president and chief technology officer, fully responsible for the group's foundry business."

Although the wafer foundry business is in the downstream of the semiconductor chip industry, the research and development of advanced manufacturing processes also requires a technical leader to lead.

And Liang Song is such a legendary figure.

It can even be said that he is one of the most outstanding talents in high-tech research and development in the foundry field.

Liang Song studied under Hu Zhenming, the father of semiconductor wafer processing technology, and joined AMD after graduation. During this period, he published 350 technical papers and obtained 181 patents for key semiconductor technology inventions.

Is a typical tech boss.

In 92, Liang Song resigned from AMD and joined TEC, which was not very eye-catching at that time.

别看21年芯片制程都已经卷到了5纳米、3纳米，甚至是2纳米，但是在千禧年前后，世界主流半导体企业都还在从180nm向130nm制程突破。

Is the gap a bit big?

Different from the past, what we want to break through this time is a technological watershed.

Because the aluminum process was used in the past, but when the aluminum process continues to be used above 130 nanometers, various problems will arise, so the whole world is trying to solve this problem.

IBM first took some lead in research and development, and tried to use this as a bargaining chip to continue to dominate the entire chip manufacturing process, so it approached Tai Electromechanical and proposed cooperation.

As a result, Tai Electromechanical refused.

The confidence of TEC’s refusal came from Liang Song and his mentor Hu Zhenming. The master and apprentice revolutionaryly adopted a brand-new Fin Field Effect Transistor, which is the Fin FET technology solution.

Skip 150nm and go straight to 130nm.

In 03, the mass production of the new 130nm all-copper process was successful. With this, Tai Electromechanical not only equalized the process generation gap with IBM's two generations, but also got rid of its dependence on its technology.

Have a place in the semiconductor industry.

In this battle, Liang Song, who made great contributions, also became famous in the first battle, and established his position in the core technology of Thai Electromechanical in one fell swoop.

But fate is so magical.

In the follow-up workplace struggle of Tai Electromechanical, Liang Song regretted his defeat and was marginalized.

In 09, he resigned lonely from Thai Electromechanical.

Because of Liang Song's resignation, the mass production of TEC's 28nm process has been delayed from 10 to 11, more than a year later than planned.

The story behind is even more legendary.

In 11, Liang Song quietly joined Samsung as executive vice president and chief technology officer of Samsung foundry.

At that time, Samsung’s foundry business was stuck in the process of going down from the 28nm process, and it was still unable to make breakthroughs in technology, and its development came to a standstill.

Seeing that it would not be able to keep up with the pace of development of Thai Electromechanical, that's why it bet on Liang Song.

And Liang Song really lived up to expectations. He stopped the research and development of the 20nm process that could no longer keep up with the times, and directly jumped from 28nm to 14nm. It was necessary to complete the three-generation and four-level process iterations at one time.

Although this seems a bit crazy to Samsung, there is no choice but to fight to the death.

I can only fully support it like a "gamble".

The hard work paid off, and finally in 14, Samsung’s 14nm process was the first to be mass-produced, and TEC only launched the 16nm process half a year later, half a generation behind Samsung.

Relying on its leading manufacturing process, Samsung successfully snatched 9% of the orders for the Pingguo A80 processor from TEC, and obtained a large number of orders from the Snapdragon, thereby obtaining huge commercial benefits.

After that.

Tai Electromechanical pursued and killed Liang Song, forcing him to leave Samsung in 15.

Then there is the well-known story. After leaving Samsung, Liang Song was visited by Zhongxin three times in thatched cottage. He joined Zhongxin in 17 and wanted to help Zhongxin achieve a leap in advanced manufacturing process.

Unfortunately.

At that time, TEC and Samsung were already far ahead of Zhongxin, and Zhongxin's own technical reserves were seriously insufficient. Even if they caught up head-on, they still missed the world's most advanced in-process process.

And now.

What Zhang Shuo wants is to poach Liang Song from Samsung before the mass production of Samsung's 14nm process is successful, and join the Inaosui Group to participate in the global advanced process competition in advance.

This is of course very difficult.

At that time, Samsung spent a lot of thought in order to poach Liang Song. When Liang Song was still in TEC, he established a personal relationship with Liang Song in private, and even engaged in wife diplomacy.

Not to mention, Liang Song was burdened with Samsung's non-competition agreement, and was also hunted down by Tai Electromechanical.

It is really difficult to join the Inaosuke Group smoothly.

But Zhang Shuo has never been a person who is afraid of difficulties, "You and Director Wu, go to Korea to talk to Liang Song first, and when the time is right, I will have an interview with him in person."

"it is good!"

Lu Kai was no stranger to Liang Song, and immediately felt a lot of pressure.Because in his opinion, it is much more difficult to poach Liang Song from Samsung than to invest in Lijing Group.

But no matter how difficult it is, we can only bite the bullet.

.........

Friday, April 2.

This evening, the Sprout Group headquarters will also hold a regular annual meeting.

The day after tomorrow is the Lunar New Year, that is to say, after the annual meeting, the Sprout Group will basically enter the Spring Festival holiday from bottom to top, and the tickets for employees from other places have already been bought.

Just waiting for the end of the annual meeting, friends get together, after a wave, each set foot on the way home.

Zhang Shuo is no exception.

During this national key inspection, he intentionally left out Jiangcheng, just planning to go to the headquarters of Pinxixi Group by the way when he returned home, so as not to go back and forth.

In the morning, Zhang Shuo sat in the office and signed and approved the appropriation application for the new month.

Allocate 7 billion research and development funds to the Fertile Research Institute;
Allocate 6 million R&D funds to Mango Auto;
A huge amount of RMB 37 billion was allocated to Dao Sui Group, of which RMB 5 million was for research and development, and the remaining RMB 32 billion was for investing in AMD;
Only 1 million operating funds were allocated to Germination Real Estate, because work was basically suspended during the Spring Festival.

All of them add up to an appropriation of 51 billion, a new record for a single monthly appropriation.

As far as this is concerned, the operating funds for the first quarter have already been allocated last month, and the allocation for February is only a supplement, mainly used for research and development expenditures.

Otherwise, the total allocation will be higher.

It can be seen that, excluding subsidiaries that have already achieved profitability, there are only three companies, the Fertile Land Research Institute, Mango Automobile, and Dao Sui Group, whose monthly R&D expenditures have reached 18 billion.

The Wotu Research Institute is due to the addition of a 3D printing laboratory.

It is inferred from this.

It is very easy for the entire Bud system to break through 2013 billion in research and development expenditure in 30.

It may even exceed the standard.

In addition to these, last month's big expenses also included adding 36 billion to Qingyun Data and acquiring Linxiang Jingjiawei at a price of 25 billion.

Profit.

Last month, Jade Bird Interactive Entertainment turned in a profit of 32 billion, Maili Group turned in a profit of 60 billion, Qinghe Technology turned in a profit of 2.5 million, and Germination Financial Holdings turned in a profit of 2 million.

The total turned over profit was 96.5 billion, an increase of 1 million over the previous month.

--slightly--

[Level]: Level 10 (1508 million/5000 million)
[Cash]: 170.5 billion

[Loans]: 145 billion (bank loans) + 15 billion (corporate bonds) + 84 billion (overseas loans)

--slightly--

Compared with last month, the cash in Germination's account has skyrocketed by 114.5 billion, which does not mean that it has achieved positive profitability.

Quite the opposite.

Due to investment and mergers and acquisitions, the budding cash flow was actually a net outflow of nearly 20 billion last month.

Only because of the skyrocketing cash flow, and only because of the 120 billion loan obtained from the bank and the issuance of one billion corporate bonds at the same time, can Germina maintain sufficient funds.

Otherwise, the capital pool will bottom out again.

Fortunately, February is already expected to be the most difficult month. After the 20 billion service fee arrives next month, the budding cash flow will be completely improved.

The premise is that, in the following time, Germination will no longer make large-scale investments.

This is of course impossible.

Among other things, Germination is going to enter the foundry field, from investing in Lijing Group, to building a foundry in Jiangxia, to subsequent R&D, mass production, and so on.

To say the least, tens of billions of dollars will be spent.

Zhang Shuo has already done a good job of mental construction, and it is estimated that most of the profits in the 13 years of sprouting will be invested in the semiconductor field to support the rapid development of Dao Sui Group.

Not many years left to consume!
.........

Because of Zhang Shuo's instructions.

This year's annual meeting of the Sprout Group's headquarters was extremely frugal. It didn't invite celebrities to help out, and it didn't hold any grand occasions. Everything was kept simple, and it was more like an awards ceremony.

As usual.

At the annual meeting, various awards such as the best new employee, the best employee, the best operation team, the best R&D team, the best progress award, the best caring award, and the best public welfare award were presented.

Of course, there is also the most important President's Special Award.

This year's winner is Gu Mingzhang, senior vice president of the group and president of Maili Group, in recognition of the stunning launch of Maili X1, which is well deserved.

After the annual meeting ended, Zhang Shuo flew back to Jiangcheng the next day.

Accompanied by Cai Miaomiao.

This girl is quite ambitious, she originally planned to celebrate the New Year in Binhai City, but after being lectured on the phone by her uncle and aunt, she reluctantly went home.

It seems to be Zhang Shuo version 2.0.

When I got home, the atmosphere at home was not very good.

"What's wrong? Didn't I bring Miaomiao back?" Zhang Shuo was also at a loss.

"It was your uncle who had an accident at the construction site."

Lao Zhang rarely frowned, "The formwork collapsed, Uncle Ni's left calf is useless."

"People safe is good."

Zhang Shuo also sank in his heart.

"What's so good, your uncle used to be a contractor, and the family lived a decent life. Now, as the pillar of the family, it's easy to cross, there are old and young, and there are young."

"Then there are still us."

If it was the original time and space, Zhang Shuo would probably be helpless in the face of such a big change in the family. Now it is different. Although money is not everything, it can indeed solve many problems.

"After the Spring Festival, arrange for my uncle to go to Shanghai or the capital to see a doctor and get prosthetics installed. All the expenses will be borne by the Prodigal Son Fund. From now on, I will give my uncle's family another [-] living allowance every month."

Zhang Shuo also wanted to give more, because he was afraid that other relatives would be jealous.

In addition to supporting family members to start businesses, the prodigal son fund also has a very important role, which is to cover the expenses of family members' serious illnesses.

"I think so too."

Lao Zhang's frown was slightly relieved, "It's just that your uncle has a strong personality, so he may not be willing to accept this kind of half-giving life. Life is worry-free, but psychologically..."

People are different.

There are those who like to lie flat, wishing to receive the subsidy and wait to die.

There are also strong ones.

Uncle Zhang Zhannan is the latter, otherwise he would not have gone out to make a living at a young age. A person who has not even graduated from elementary school has become a contractor step by step.

It can be regarded as outstanding.

"Is that so..."

Zhang Shuo pondered for a while and said, "Old Zhang, look, can you invest in the construction of an ecological picking farm in our rural hometown in the name of the Prodigal Son Fund, and hand it over to uncles and uncles to take care of it together. If grandparents can do it Move, or move to the farm to help together.”

He was inspired by the planning of the Germination Industrial Park.

If you want my uncle to stand up psychologically, it can't be a simple charity. It is best to find a career that can be busy again, and even fight for it.

Ecological picking farm is a good platform.

The first is the popularization of agricultural machinery, which does not require much manpower.More importantly, the whole family can play together, and it can also re-bond the relationship between family members.

There is no need to go to other places to work to make money.

"Eco-picking farms, can this work? I've heard that this kind of farming can only be done near big cities. Our hometown is all around the county town, so there are no tourists, right?" Lao Zhang is not easy to fool around.

"That's easy, just contract a piece of land on the outskirts of Jiangcheng, isn't that all right?"

As long as the funds are sufficient, this is not a problem.

"Then you have to spend such a large amount of money, and you don't even think about making money? Your uncle is not stupid, and he won't see through your little tricks." Old Zhang was still a little worried.

"I don't think so."

Zhang Shuo shook his head, "My uncle wants to be strong, but he's not stupid. Who really treats him well, can you not see it?"

There is still a difference between being strong and being stubborn.

"That's true!"

Lao Zhang glanced at Zhang Shuo in surprise. Unexpectedly, Zhang Shuo had a better understanding of the world than him.

"Moreover, if you spend a lot of money to build an ecological picking garden, you may not be able to achieve profitability."

Zhang Shuo continued his idea.

"Not to mention anything else, Pinxixi Group can be a regular customer of the ecological picking garden, and the large canteen at the headquarters of Pinxixi Group can digest most of the vegetables and fish."

"Picking Garden can also be used as a partner of Pinxixi Group in team building, so you don't have to worry about no source of customers."

Although Zhang Shuo has always insisted on his opposition to letting family members work in companies under the Germinal Department, he is not dead-headed, and this kind of flexibility is still allowed.

It is also a matter of mutual benefit.

"That's a good idea."

Being said by Zhang Shuo, it also completely aroused Lao Zhang's interest.

"right?"

Zhang Shuo continued to confuse, "The house on the farm can be built bigger, so that you and your mother can also go to the farm for vacation on weekends, grow vegetables, raise flowers, feed fish and so on, how nice it is."

"As you said, I want to retire early." Lao Zhang finally smiled.

Just then.

The old mother, who had been silent all this time, interjected quietly: "Even if you retire, you have to wait until you have a grandson. Brat, when are you and Xiaoxi going to get married?"

"Ting!!!"

Zhang Shuo was speechless and couldn't talk today.

I don't think so, but this time Lao Zhang actually followed suit, "Your mother is right, after you and Xiaoxi have a child, we old couple will help take care of it, you don't need to worry about it, you can continue to live your two-person world."

"you do not say!"

Cai Shuyu's grandchildren almost cried, "It's better to have twins!"

Zhang Shuo: "."

(End of this chapter)