"I think Xiao Dong's suggestion is very good, after all, no matter how it is spun off, the company is a company under the Times Department, and this will not change.Moreover, after the spin-off, AUO IC manufacturing company may also go public, which is naturally the most beneficial for AUO Microelectronics. ”After the spin-off, it will of course increase the market valuation of AUO.In short, in a word, Li Dong is completely on Xiao Bai's side.Xu Changqing sighed secretly, at this time he could feel Xiao Bai's decisiveness.He knows very well that the reason why people take the trouble to do work for themselves is that they don't want to make each other unhappy.If Xiao Bai strongly pushes for the passage of the bill, he has no way at all."
Okay, I agree with the split proposal."
Although he was a little reluctant, Xu Changqing judged the situation and finally voted in favor.The independent directors of the company feel that the proposal proposed by Xiao Bai is still very reasonable.Since both major shareholders voted in favor, he also agreed.The proposal to spin off AUO IC Manufacturing Company was successfully approved at the board meeting.AUO Microelectronics then issued an announcement.At the following EGM, the proposal did not encounter any obstacles.After all, Xiao Bai and Xu Changqing have a strong control over the company, and the shares of the two together account for the majority, so it is only natural that the proposal is passed.After completing these procedures, it paved the way for AUO IC Manufacturing Co., Ltd. to increase its capital and shares.The capital increase and share expansion plan proposed by Juvinson and others was approved by Xiao Bai.After repeated consultations with Xu Changqing and others, the formal implementation began.According to the agreement, Times Technology Group will invest US$2 billion in AUO IC Manufacturing Co., Ltd. and acquire 53 shares of the company.After this round of capital increase and share expansion, Times Technology Group has a stake of 6,750 shares in AUO IC, making it the company's largest shareholder.AUO Microelectronics Group Co., Ltd., with a stake of 3,250 in AUO IC Corporation, is the second largest shareholder of the company."
Mr.
Xiao, Mr.
Jiang transferred $2 billion to us from Xiangjiang, and I have transferred this amount to AUO's account at IC Manufacturing Company."
The reason why Xiao Bai wants to invest in US dollars is to facilitate the company's external procurement of equipment, after all, most of the IC manufacturing equipment needs to be imported.Moreover, he took this opportunity to write off the current account of Times Technology Group and Xiangjiang Yingsheng Investment.The past arrears, together with this US$2 billion, gave Heung Kong Yingsheng Investment 13 Times Technology Group an equity stake.Up to now, the shareholding structure of Times Technology Group is as follows: Xiao Bai personally holds 77 shares of Times Technology Group, and Xiangjiang Yingsheng Investment holds 23 shares of the company.In the US dollar account, there were US$93419281 million in the account of Xiangjiang Yingsheng Investment, and US$500 million was transferred to the securities fund account, and US$2 billion was transferred to Times Technology Group, and now there are US$68419280 million left.Xiao Bai's cash in hand is still very sufficient."
Mr.
Xu, Mr.
Li, the chairman of AUO Integrated Circuit Manufacturing Co., Ltd., will be appointed by me in the future.Mr.
Xu and Mr.
Li are both directors of the company," and Xiao Bai adjusted the important positions of AUO IC.He himself served as the chairman of the company, Xu Changqing served as the company's executive director, and Li Dong served as the company's director and general manager.Wei Jianjun and Wei Xiaolou are the deputy general managers of the company, Wei Jianjun is also the general manager of AUO IC (Pudong) Co., Ltd., and Wei Xiaolou is also the general manager of AUO IC (Beijing) Co., Ltd.The two production lines in Shencheng are directly under the head office, and the position of general manager is no longer set up separately."
Mr.
Xu, Mr.
Li, I plan to invest in the construction of the fifth IC production line in Pudong.This line is also an 8-inch production line, which will be mainly used for 130N process technology in the future. ”After going around in a big circle, Xiao Bai still decided to launch the fifth production line.With a planned total investment of $800 million, this line is the company's largest and most advanced process.By this time, Xu Changqing would no longer oppose the project.After a new round of capital increase and share expansion, AUO IC Manufacturing Co., Ltd. has been completely spun off from AUO Microelectronics Group, and his own voice is very small."
Xiao Dong, it is not appropriate for the company to be called now, and I suggest that the name of the company be changed to 'Times Integrated Circuit Manufacturing Co., Ltd.'."
Xu Changqing simply sat down to the end, and then put forward a proposal to change the company's name.Li Dong immediately chimed in on the side: "I think it's okay!"
”A few days later, AUO IC Manufacturing Co., Ltd. changed its name to Times Integrated Circuit Manufacturing Co., Ltd.At the same time, Times IC officially began to prepare for the construction of the fifth production line."
Lao Wei, you must pay close attention to the verification work on your side, and after the project report on my side comes out, the new production line can start."
Xiao Bai called Wei Jianjun to tell him about this matter, on the one hand, he asked him to complete the technical verification as soon as possible, and on the other hand, he should immediately contact the relevant departments to declare the planned project and planned land use.The call with Wei Jianjun lasted for an hour before he hung up.These days, Xiao Bai is busier than ever, he starts to work when he arrives at the office in the morning, has a meal in the staff restaurant at noon, and it is time to get off work in the afternoon in the blink of an eye."
Xiao Dong, is there any arrangement for the evening?
If not, I'll invite you to drink. ”Before getting off work, Xu Changqing suddenly came to find Xiao Bai, saying that he wanted to sit with him."
You invited me to drink?
Okay, then you wait for me for a while, and we'll be gone in ten minutes at most. ”Xiao Bai still had a few documents to deal with, he responded with a smile, and began to speed up to finish the work.Wen Qin then came in to clean up the table, and Xiao Bai and Xu Changqing left the headquarters building together."
Xiao Dong, I remember that when we first met, we had dinner here.In a blink of an eye, many years have passed, and it is really a time shuttle. ”The two came to the East Lake Hotel, asked for a private room to sit down, ordered a few dishes and began to push the cup and change the lamp."
Mr.
Xu, you don't love sad people so much, do you?
However, it is also true that the ups and downs of the past ten years seem to have happened yesterday.Come on, one!
”Xiao Bai knew that Xu Changqing had something to say when he was looking for him, but he didn't need to worry, it was actually quite good to talk about the old days first.AUO Microelectronics has come to this day thanks to the contributions of Xu Changqing and his team.Now Xu Changqing and others are already billionaires, and Xiao Bai has always cooperated well with them, and the differences in work have never affected the relationship between the two."
Xiao Dong, I have been holding back some words for a long time, but I still decided to talk to you."
Xu Changqing put down the wine glass and looked at Xiao Bai: "I always feel that you are too radical at some times, such as launching the fifth production line this time, such as plunging into the liquid crystal display device industry before" Xu Changqing had long wanted to say this to Xiao Bai, and today while the wine was strong, he simply poured all the beans from the bamboo tube and spit them out.He always had a feeling that Xiao Bai was running forward desperately, like someone was chasing him with a knife behind his buttocks.In fact, AUO's previous model was very good, the company developed step by step, and the profitability continued to improve, so why take unnecessary risks?
Advanced manufacturing sounds good to say, but how much money and effort is invested behind it?
If you don't do it well, you will also lose money.And liquid crystal display devices are the same,Take LCD TV as an example,The current technology is not mature,The development direction of future TV is not clear,Is it really good to invest heavily in this industry?
Xu Changqing thinks it's better to make color TVs honestly, and it's better to follow in the footsteps of others than to take such a big risk yourself!"
Mr.
Xu, there are some things that you can't just look at in front of you, but also in the future.The domestic color TV industry,Since 1996Changhong Electric announced a price cut,Domestic brands have officially risen。
But have you thought about it, why in just a few years, domestic color TVs can defeat the Japanese enterprises?
The price war is just an opportunity,The key is the improvement of the overall localization rate of the color TV industry。
According to incomplete statistics,The current localization rate of the color TV industry is95。
”Xiao Bai also wanted to find a chance to have a good talk with Xu Changqing, since he met today, he might as well talk about it.Domestic home appliances, especially the color TV industry, can win,The most critical point is ecology。
First of all, it has caught up with the tide of domestic household appliance replacement, and the huge market has provided sufficient market capacity for the color TV industry.Even if the price is a little lower and the profit is a little less, but the huge quantity produces an absolute profit.With these profits, enterprises can carry out technology research and development and technological upgrading.And the high localization rate also means that the domestic color TV industry chain is becoming more and more complete,It is difficult for others to get stuck in your neck。
A long time ago, 8 major color tube factories and many glass shell factories and other supporting enterprises were established in China, and a complete industrial chain was the most important."
Then,The development of color TV in the next few years will definitely usher in a big change,This change is brought about by the progress of display technology。
Mr.
Xu, I would like to ask you, whether it is the successful application of plasma display technology or liquid crystal display technology in the future, where are our display devices?
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”Xiao Bai said this, and couldn't help but sigh.He remembers very clearly in his memory,The upgrading of color TV technology back then,Due to the lack of sufficient production capacity of LCD panels in China,How much pickled by Japanese-funded enterprises and Taiwan-funded enterprises?
Japanese-funded enterprises, Taiwan-funded enterprises, including Korean-funded enterprises, imposed a strict blockade on liquid crystal display technology that year.If there is a place in China that wants to launch the LCD screen production line, the Japanese-funded enterprises will definitely send someone to stir up the yellow for you.This is the case with the previous negotiations between Kangjia Electronics and SHARP, people are not sincere about technology transfer at all, the purpose is to drag you and obstruct you.And the panel companies on the island are not things,Use the neck of the main domestic color TV company with the panel card,Raise the price sharply at every turn,Just like that, you have to beg people,People will sell you。