However, the enemy in the dark is terrifying, like a poisoned snake hidden in the dark, and you don't know when the other party will come out and bite you.Therefore, Xiao Bai plans to persevere in tracing the source, no matter how long it takes, he must find out the black hand behind the scenes.As for whether Li Jiaerlang is in a hurry first, there will always be a way to avenge this arrow in the future.After staying in Xiangjiang for three days, Xiao Bai returned to Shencheng.In the following period, AUO's share price rose gratifyingly, and soon exceeded HK$40 per share.Xiao Bai's net worth has undoubtedly risen a lot, but he is not happy at all.If you don't get rich on paper like this, it's just a joy in vain, because the market value can change at any time."
Xiao Dong, the price reduction of microcontrol chips on the market has been obvious recently, especially for Japanese-funded companies, there seem to be signs of low-price dumping."
On this day, Yang Xuecheng and Xu Changqing came to Xiao Bai's office together and told him a situation, that is, AUO Microelectronics' microcontroller chips, which were successfully taped out not long ago and have just entered the stage of risk mass production, have seen large fluctuations in prices in the market."
Hehe, this scene is so familiar!"
Xiao Bai knows very well that these international giants are doing that when a certain product cannot be produced in China, they will definitely sell it at a high price to make excess profits.But once the domestic technical barriers were broken, the giants began to dump at low prices, trying to nip it in the bud.For example, like the current color TV industry,Microcontroller chip is one of the key points controlled by others,The most reluctant to see domestic technological breakthroughs,Undoubtedly, led by Japanese-funded home appliance enterprises。"
Mr.
Yang, what do you think?"
Xiao Bai turned his head to look at Yang Xuecheng, the other party is a big man in the color TV industry, and his attitude is naturally very important."
I thought about it very clearly, we still want to support our own products.The reason is very simple, I don't want to be stuck by others, everyone understands what the other party is thinking about reducing the price now. ”Although it is said that the cost factor should be considered first as a business, if the microcontroller chips produced by AUO Microelectronics are not used, resulting in the failure of the project, it is difficult to say whether the international giants will take the opportunity to raise prices again.In addition, the price increase is not bad.If you are stuck at a critical moment, the business will suffer huge losses.Obviously, Yang Xuecheng has already calculated this account clearly.Xiao Bai nodded, and looked at Xu Changqing again: "Mr.
Xu, it's up to you now!"
I hope you can complete the yield ramp-up as soon as possible and reduce the production cost. ”Integrated circuit manufacturing is not a labor-intensive industry, and the key point of cost control lies in the process and yield.Therefore, Xiao Bai asked Xu Changqing to improve the yield rate as soon as possible, and only in this way can he survive the impact of other people's prices."
We are working hard, but the production matter is not in a hurry, and the improvement of the yield rate also needs a process.However, I believe that with the development of our mass production, the yield rate will reach above the passing line. ”Xu Changqing scratched his head, gritted his teeth and made a military order.Xiao Bai coordinated Xu Changqing and Yang Xuecheng's next move, and Kangjia Electronics expanded the number of microcontroller chips purchased from AUO Microelectronics and further compressed the import orders.Of course, there will be some cost pressure in the short term, but it is necessary in the long run.After the two left, Xiao Bai rotated the pen around his fingertips, his eyes narrowed.He suddenly thought that there would be any connection between the change in AUO's stock price and the change in the price of microcontroller chips?
Suppose someone wants to short AUO shares, then its purpose is intriguing.Because after the market value is greatly reduced, it will inevitably affect the refinancing of enterprises.If AUO's operation happens to have problems again, such as a decline in revenue and a decrease in profits, then the company's cash flow will tend to dry up."
What a vicious method, this is preparing to launch a blow against AUO Microelectronics from both physical and financial aspects."
Xiao Bai threw the pen on the desk with a snap, and suddenly figured out the problem that had plagued him for several days.Although the black hand behind Li Erlang has not yet been determined, from the perspective of conspiracy theories, the final beneficiary must be inseparable."
Small, you send a notice of a meeting, and a joint meeting will be held in the headquarters building in three days.The heads of AUO Microelectronics, AUO Integrated Circuit Corporation, AUO Technology Corporation, Times Technology Research Institute and other enterprises must all be present. ”Xiao Bai immediately called Qin in and asked her to notify the heads of each company to hold a meeting.The topic of the meeting is to discuss how to prevent risks and make a plan.The meeting was originally intended to last for half a day, but on that day, the meeting went on for a full day.Many constructive comments were put forward, many of which were very valuable."
Chairman Xiao, since everyone thinks that the stock price rising too fast is not conducive to the development of the company, why don't we take the initiative and wait passively?"
In the afternoon, Xu Changqing asked a question."
It's not that I'm willing to wait, it's that we don't have effective checks and controls for the time being.I thought, let's take this opportunity to simply launch the fourth production line. ”Xiao Bai didn't talk much this day, and spent most of his time listening to everyone's speeches.He has also been thinking about what kind of means can be used to reverse this passive situation.The response in the secondary market is not advisable, and Xiao Bai vetoed this item first.Then you can only release some bearish news to cool down the skyrocketing stock price.Otherwise, when the stock price is too hyped, Li Erlang and the forces behind him will take profits at a high level and then short-hand backhandedly, and then they will be defeated.However, negative news is not made up casually, and the announcements issued by listed companies must stand up to scrutiny, and false statements are subject to legal responsibility.As soon as his friend Da Microelectronics encountered the price reduction of microcontroller chips, Xiao Bai thought about increasing capital expenditure and launching the fourth production line ahead of schedule.After all, analog ICs are not the same as digital ICs, and they do not need to follow Moore's Law, and they are relatively slow to respond to advanced processes.Therefore, for a long time in the future, the 8-inch IC production line can meet the needs of enterprise production, and there is no need to worry about backward technology.When Xu Changqing heard Xiao Bai's suggestion, he couldn't help but be interested, and had a heated discussion with everyone again.In the end, everyone agreed that it would be a good idea to build the fourth production line ahead of schedule.The purpose now is to control the company's stock price to rise too quickly, and not let others dominate everything.Increasing capital expenditure will inevitably increase the cost of compressing the company's net profit, which is bearish news.Especially when the stock price is rising irrationally."
The project is mainly financed by bank loans, supplemented by its own funds.Mr.
Xu, you make a plan as soon as possible, the location of the project does not need to be discussed, I decided to build it in Yizhuang in the capital. ”After all the issues were discussed, Xiao Bai finally decided to choose the construction site of the fourth production line in the capital.Yizhuang, in fact, refers to the Beijing Economic and Technological Development Zone.The development zone began to be built in 1992 and was approved as a national economic and technological development zone on August 25, 1994.The company's fourth production line is ready to be built in the park.After the meeting, Xu Changqing quickly came up with a project plan.After Xiao Bai signed and approved, AUO Microelectronics issued an announcement.The announcement introduced the various matters of the project in detail, and also made it clear that the total investment of the project is 4.5 billion Hong Kong dollars.As soon as the announcement came out, the market was in an uproar.To put it mildly, AUO's total revenue in a year is only what?
What is the net profit?
Isn't it a big gamble to dare to rely on credit funds to engage in such a big project?
At this time, it doesn't matter what company's growth and performance expectations are.After all, these all fall under the category of "storytelling".And now that everyone sees this announcement, many investors are reluctant to listen to this "story" anymore, so more and more investors will choose to leave.This is what everyone often says about voting with your feet, and if you don't play, you can't do it?
As a result, AUO's stock price turned downward, countless investors turned short, and a small-scale market stampede was inevitable.Hong kong.Li Haowei, chairman of the board of directors of Haowei Technology Group, is sitting in a swivel chair in his office, leisurely drinking coffee.Li Haowei, known as "Li Erlang", is 29 years old this year.Although he bears the mark of a typical "rich second generation" under Lao Li's aura, he now has his own company.OmniVision sounds a bit lofty, and the size of the company is pretty good.However, Haowei Technology, which has always claimed to be interested in high-tech development, is a real estate company in its bones, which cannot but be said to be a kind of irony."
Dong Li, Mr.
Yamamoto has arrived."
The secretary knocked on the door and came in, interrupting Li Haowei's leisure."
Well, please let him in."
Li Haowei put down the coffee cup in his hand, tidied up his clothes, and sat up straight at the desk.He and Yamamoto were classmates when they were studying at Stanford, and the relationship between the two has always been good.Some time ago, Yamamoto approached him and proposed a package to speculate on AUO Microelectronics stocks, and expressed his willingness to provide a sum of funds to participate together.Li Haowei inquired about the background of AUO Microelectronics, and there seemed to be nothing special about it, so he agreed to Yamamoto.It's just to make some money in the securities market, and it doesn't matter if you go long or short.He attaches more importance to the follow-up plan proposed by Yamamoto, which intends to fully acquire AUO's packaging business when the mountain is exhausted.If it can get its wish, OmniVision Technology will not be ridiculed as a "real estate company in the garb of technology", right?
It didn't take long, and Yamamoto, who was not tall and had an inch of hair, walked in."
Howie, excuse me!""
Yamamoto-kun, you're always so polite!
Have a seat. ”The two exchanged a few words and sat down to drink coffee.