my life reset

Chapter 656 Equity Replacement
Chapter 656 Equity Replacement

Hu Yang didn't think that Modu State-owned Assets would withdraw from microelectronics equipment unconditionally, so he didn't comment on Fang Quping's remarks, but signaled the other party to continue talking.

"Mr. Hu, I think that we can use our equity in microelectronic equipment to replace the equity of Bolong Optics. In this way, Bolong Optics or your Huijia Department has strengthened its control over microelectronic equipment, and the city has also guaranteed It has ensured the preservation and appreciation of state-owned assets.”

Fang Quping was blunt, and directly wanted the shares of Bolong Optics.

Hu Yang glanced at Fang Quping in surprise, this charismatic leader has a really good vision.

Undoubtedly, as the holding company of microelectronic equipment, the development of Bolong Optics will be given priority.Coupled with the strong technical strength of Bolong Optics and the huge subsidies given by the state, there is no need to worry about development funds in the next ten years.

So, did Fang Quping come to take advantage of it?
Words can't say that either.

On the one hand, the ratio of equity replacement still needs in-depth negotiations, and a discount is a must.On the other hand, the state-owned capital of Modu has withdrawn from microelectronics equipment, and Huijia is "the dominant one", which will make it easier to plan in the future.

In fact, Hu Yang has always had an idea.That is the future, Bolong optical and microelectronic equipment must be subdivided into industries.

After digesting and absorbing all the technologies of microelectronics equipment in the field of high-end lithography machines, the integration of personnel and technical forces is inevitable.

"I will seriously consider your proposal. In addition, for such a big matter, the company also needs to hold a meeting to discuss it. How about it, no matter whether this matter is successful or not, I will give you an answer within a week."

Hu Yang basically agreed with Fang Quping's proposal in his heart, but he did not express his opinion on the spot, because it was related to Bolong Optics, and he still needed to discuss it with other shareholders.

"Okay! I know Hu is always a happy person. Then I won't bother you any more. Let me go."

Fang Quping didn't say any words of thanks either, it was inappropriate to say anything at this time, but he had a hunch that Hu Yang would eventually agree to his plan.

In the afternoon, Hu Yang called Zhang Xiao, Dai Xiangjun, Li Qi and others to come to the company.He told several people about Fang Quping's thoughts today, and wanted to hear their opinions.

"Mr. Hu, I think it's a good thing. If it succeeds, the shares held by Bolong Optics will exceed 50%. In addition to the shares of Huijia International Investment, our shareholding ratio in microelectronic equipment will exceed Two-thirds."

What is the concept of more than two-thirds?In other words, within the scope permitted by laws and regulations, Huijia can do whatever it wants in microelectronic devices.

Therefore, Zhang Xiao's opinion was to agree to Fang Quping.

"Mr. Hu, I also think I can agree. However, the conditions for equity replacement might as well be stricter. We can't let others take advantage of it for nothing, right?"

Dai Xiangjun was talked about by Hu Yang several times, and now he is not as narrow-minded as before.What he said is very reasonable, and the negotiation conditions should naturally be set higher.

Li Qi didn't say anything else, expressing his agreement with Zhang Xiao's opinion.

"Well, next, Mr. Zhang will notify Mr. Xu to propose a board meeting."

Inside Bolong Optics, several major optics and mechanics institutes are not involved in the company's specific affairs. They originally invested in technology, that is, they have no voting rights.

Jingcheng State-owned Assets has a board seat, and the entrepreneurial team represented by Dai Xiangjun has a board seat.

Dai Xiangjun has completely turned to Hu Yang's side now, and his seat is basically considered to belong to the Huijia Department.

Therefore, it is not difficult to pass the matter at the board meeting, but the procedure must be followed.At the same time, this was done in order not to cause any misunderstanding from the state-owned assets of the capital.

Two days later, the board meeting of Bolong Optics was held at the company headquarters.This time, Hu Yang didn't attend the meeting, and Xu Younian was sitting in charge, so nothing would happen at all.

Sure enough, at the board meeting, the equity replacement proposal was passed smoothly.There is no opinion on the state-owned assets of the capital city. It is still the same sentence, the state-owned assets of the capital city cannot be cheap.

After the meeting, Xu Younian did not return to the capital immediately, but was in charge of negotiating with the state-owned capital of Shanghai.

After less than a week of arduous negotiations, the two sides finally reached an agreement.

"Mr. Hu, you don't know that the negotiators in Shanghai are really not simple. These days, they have put forward at least ten kinds of accounting plans, and each of them requires that the shares in Bolong Optics account for more than 10% .”

After Xu Younian signed the agreement with Modu, he came to Hu Yang's office.

There is a negotiating team in Shanghai, and Fang Quping often goes to battle in person. The negotiations between the two sides have been full of gunpowder from the very beginning.

However, circumstances are stronger than people.If Director You had actively supported the merger and reorganization plan proposed by Hu Yang, they would have gained much more from Bolong Optics than they do now.

Now, the Huijia Department has completed the absolute holding of microelectronic equipment, and the Magic City does not have much bargaining chips.

In the end, Modu agreed to replace all the shares in the microelectronics equipment in his hands with 8% of the shares in Bolong Optics.

After the signing of the agreement, the shares held by Bolong Optics in microelectronic equipment increased to 3.9 million shares, accounting for 63.11% of the shares.If we add the 8000 million shares held by Huijia International Investment, the Huijia Department holds 4.7 million shares as a whole, accounting for 76.05% of the shares.

So far, Huijia Department has completely controlled the microelectronic equipment in the palm of its hand.

"Mr. Xu, I think that in the future, Bolong Optics and microelectronics equipment still need to have a division of labor. Bolong Optics focuses on the production of high-end optical devices.

As for microelectronics equipment, it focuses on the production of low-end lithography equipment.In the future, all the mid-to-low end lithography equipment (assets and personnel) of Bolong Optics can be transferred to them.

As for high-end lithography machines, both companies now have production capacity, so let's do it for the time being. "

Hu Yang intends to integrate the basic businesses of the two companies first. In the future, Bolong Optics will no longer produce mid-to-low-end lithography equipment, but will transfer all of them to microelectronic equipment, thereby forming a scale advantage.

The current production capacity of high-end lithography machines has not yet reached the ideal state. Both Xintong International and Charming Semiconductor are waiting for the equipment to be supplied, so the two companies must produce at full capacity together.

However, in the future, the production capacity of high-end lithography machines will gradually migrate to Bolong Optics. This is a trend decided by Hu Yang, and no one can stop it.

"It's not easy to think about it. When Mr. Hu said you wanted to acquire microelectronics equipment, we were not too optimistic. It's not a question of strength, but because of the unique equity structure of the other party.

Unexpectedly, in less than half a year, the microelectronic equipment has been included in our pocket.Now that the things here have been completed, I plan to return to the capital tomorrow. "

After Beijing, it will be an important production and R&D base of Bolong Optics, and the joint laboratory established with microelectronic equipment will also be placed there.

Xu Younian was more familiar with the situation in the capital, so he stayed there most of the time.

Dai Xiangjun is the vice president and technical director of the company, and he will stay in the capital most of the time in the future.

There is Executive President Zhang Xiao in Shanghai, and Li Qi in microelectronics equipment. This kind of staffing can be described as a strong army.

After Xu Younian left Shanghai, Hu Yang also prepared to return to the deep sea.

This time he stayed in Shanghai for so long, although it didn't affect the operation of the company, he wanted to move his home.

At present, the general situation of Bolong optical and microelectronic equipment has been determined.Domestic high-end lithography machines are still stuck in the 45nm process for the time being, and it will take longer time to go further.

As for EUV (extreme violet lithography machine), Bolong Optics is still in the pre-research stage.There are countless technical difficulties waiting for them to overcome in the future, and it is basically impossible to catch up with ASML in the short term.

But Hu Yang's dedication during this period has been greatly rewarded.

The first point is to solve the supply problem of lithography machines for Xintong International and Charm Semiconductor.At least in the mainstream manufacturing process (which is also the most advanced manufacturing process), the Huijia system will not be stuck.

Many people look down on domestic equipment for many reasons, such as backward technology, slow technology update and so on.

In Hu Yang's view, these people are often not in the production field.Because they don't understand at all, it is the right choice to first solve the problem of whether it is there or not, and then solve the problem of whether it is good or not.

Because of the microelectronic equipment and Bolong Optics, ASML's 45nm process lithography machines can be ordered casually, and the delivery time is still very fast.

This is the pressure of competition. Otherwise, it will be very difficult for domestic enterprises to buy advanced lithography equipment.

What's more, Populus euphratica has been in Shanghai for so long, and finally integrated the advantages of microelectronics and Bolong Optics.

In this way, the development of domestic high-end lithography equipment will be greatly accelerated, so that the domestic semiconductor industry will not always be manipulated in this area.

North America's suppression of microelectronics equipment, not to mention a complete failure, at least failed to achieve the expected results.

Bolong Optics and Microelectronics have obtained Nikon's objective lens technology, and it is only a matter of time before they develop their own objective lens.

This process will be very fast, because Bolong Optics has included several top optical mechanics institutes in China, and already has technical reserves.Now it is just a certain upgrade and transformation on this basis, and it will not exceed three months at most, and the results will be produced.

After solving this problem, several technologies that are subject to North America have also begun to enter the research and development stage.Some parts involved in high-end machinery can be imported from Germany, and the other party did not impose any restrictions.

Coupled with Nikon's supply, it can be said that microelectronics and Bolong Optics have completed the restructuring of the supply chain.

"Assistant Wu, apply for the route, we are going to return to the deep sea."

Hu Yang sat in the office and carefully sorted out the problems related to lithography equipment, and found that as long as it can develop normally, there will be no problems with domestic high-end lithography equipment.

What about the suppression in North America?They felt that they hit the Achilles' heel of the Huijia family. In fact, there was no suppression against Charming Semiconductor, which made Hu Yanglai feel uncomfortable.

Again, the market for high-end lithography equipment is very narrow, and they often invest huge sums of money in it but cannot get corresponding benefits.

It's not that some things cannot be made. If they don't care about the cost and are not afraid of difficulties like the Huijia series, there is always a way to think about it.

Why did the Huijia department dare to do this?It is because Huijia's semiconductor industry chain has almost formed a closed loop.

The high-end photolithography machines produced by Bolong Optical and Microelectronics Equipment can be sold to Xintong International and Charming Semiconductor.

The current situation is that although the two companies are producing at full capacity, the production capacity within a year still cannot meet the needs of Xintong International and Charm Semiconductor.

Meng Rusong has already said hello, this year he has to import some high-end lithography machines from ASML, otherwise it will affect the company's production and operation.

The same is true for Glamor Semiconductor. The newly built factories have reached the node of equipment installation and commissioning one after another. They are also waiting for the rice to cook.

Three days later, Hu Yang, Tian Sichun, Xiao Yifei, and some entourages returned to the deep sea by business jet.

This time there were more people, and some of them returned by civil aviation.

Coming out of the airport, Hu Yang and Tian Sichun took their sons back home.As soon as he entered the door, the little guy was very excited, maybe he still likes this place.

"Are you still going to the company today? How about taking a day off?"

During this time, Populus euphratica has indeed lost some weight.The acquisition of microelectronics equipment seems calm on the surface, but few people can see the inner danger.

If the microelectronic equipment is lost, it will definitely be an immeasurable loss for the Huijia Department.What is lost is not only half a year or so, but also the cornerstone of many small technologies.Without these cornerstones, Bolong Optics will be able to achieve mass production of high-end lithography machines in half a year.But because the foundation is not solid enough, this will be very unfavorable for future development.

What Yang Hu pursues is the localization of high-end lithography equipment, and he is not only satisfied with being usable. He has always been thinking in his heart that it should be easy to use and reach the world-class level.

Hearing Tian Sichun's question, Hu Yang smiled: "I will have lunch soon, and I want to rest for a while after dinner. Let's go to the company in the afternoon, after all, I have been away for too long."

"You, you can't be idle all the time. Well, go wash your hands and eat, I don't care about you."

Tian Sichun smiled helplessly, knowing that his man just couldn't be idle.But it's understandable when you think about it, the Huijia family has grown into a behemoth until now.As the helm of the Huijia Department, Hu Yang would be wrong if he is very leisurely.

In fact, Hu Yang has delegated power to his subordinates as much as possible, and people like Xu Younian, Xia Bing, Mu Shaoqing, Yan Hanzhang, etc., can completely stand alone.

Otherwise, he would be much busier than now.

"Mr. Hu, Mr. Chen from Obanshi Technology is here."

Sitting at the table to eat, before eating half of it, Hu Yang saw Chen Jialin walking in behind Wu Xinhui.

Chen Jialin is a special existence. Not only does he not need to call in advance when he goes to Hu Yang's office, he even comes to Hu Yang's house as soon as he is told.

"Young Master Chen, have you eaten yet? If you haven't eaten, just eat something here."

Hu Yang waved casually, signaling Chen Jialin to sit down.They are more friends than partners.

(End of this chapter)