It is completely feasible to produce 14N chips using double exposure technology on a 28N production line.In the past, I didn't do this because the cost was not cost-effective, but now at this time, we can't just think about the cost.Ruiyi Semiconductor, Times Communication, and some other domestic customers, they are even willing to spend some more costs to seek foundry production.If there are no foundries to produce chips for them, these companies will soon face difficulties."
That's a good idea, we have to learn to be flexible and change according to the situation.I support you in this matter, and you can talk to the customers about it later. ”Xiao Bai glanced at Wei Jianjun appreciatively.Times IC Manufacturing Co., Ltd. has an advantage in double exposure technology.In the past, it was not used much because of cost, but the technology iteration has never stopped.At this time, it finally has a place to use.After Wei Jianjun and Xiao Bai discussed it properly, they went to implement these things.After repeated discussions with the company's management, it was decided to place an additional order for two more 28N lithography machines from ASML.After Fan Donglin learned about this, he felt very sorry.It's just that you can't blame others for this, you can only blame him for not being angry.Pudong Microelectronics has been working smoothly on the research and development of 40N\45N lithography machine, which has led him to be a bit aggressive in the 28N lithography machine project.There was a deviation in the selection of technical routes, and the R&D project fell short at the last moment, and had to turn back and start over.If this were not the case, the company's 28N lithography machine would have come out, and the additional orders of Times IC Manufacturing Co., Ltd. would not have been lost."
Fan Dong, the current situation is very urgent, you still have to calm down and do things.As long as your product can be successfully developed, there is no problem with all aspects of technical indicators, and the order will be there. ”When Xiao Bai saw Fan Donglin, he deliberately relieved one party.Time waits for no one, and it is impossible for Wei Jianjun to stop the pace of development and wait for the lithography machine of Pudong microelectronic equipment."
I can understand that we are to blame for this.However, after we re-chose the technical route, coupled with the lessons of the previous failure, the 28N lithography machine project should be completed in about half a year. ”Fan Donglin, together with the R&D personnel, came to Times IC Manufacturing Co., Ltd. again.He took the time to sit in Xiao Bai's office for a while and informed Xiao Bai of something.At present, the business situation of Pudong Microelectronic Equipment Co., Ltd. is good, and the company continues to make efforts in low-end lithography equipment, and has occupied about 8% of the domestic market share.The annual profit also reached a record 2.1 billion.However, the company's continuous and huge investment in high-end lithography equipment has also caused a great burden on the company.If it weren't for the help of the Department of Times and other aspects to share the cost of the project, the company would have been unable to bear it.However, the high-intensity R&D investment has finally paid off.At present, the company's high-end lithography equipment, such as 40N\45N lithography machine, has been ordered in large quantities by domestic mature technology manufacturers.Wei Xiaolou's Beijing Company and Li Dong's Group Company are both major customers of Pudong Microelectronic Equipment.The new production line of the Beijing company basically uses the lithography equipment of the other party."
Fan Dong, it's noon, let's go eat first."
Xiao Bai and Fan Donglin chatted until noon, and then the two got up and went to the staff canteen."
Xiao Dong, Fan Dong......"
Xiao Bai and Fan Donglin each ordered some food, and then found an empty table to sit down to eat.Wei Jianjun just happened to see them, so he walked over with a dinner plate.Subsequently, several R&D personnel of Pudong Microelectronics and several technical elites under Wei Jianjun also surrounded them.While eating, everyone talked about some technical problems of the 28N lithography machine.Xiao Bai sat on the side and became a foil.He left quietly after eating, and he couldn't intervene in the specific technical issues, so he might as well go back to the office and squint for a while.Weekend.Tian Chunxiu took Ziyu over for a vacation.Xiao Bai accompanied Liu Xiaoling, Tian Chunxiu and others to Jinling for two days, and after returning, Wei Jianjun told him that ASML had accepted his additional order, and the two new equipment would be shipped as soon as possible.The two 28N units will be shipped to Rongcheng, where Times IC Manufacturing Co., Ltd. has several factories and will continue to expand production capacity.Xiao Bai has been staying in the magic capital for the first time, and now Wei Jianjun has shown signs of stabilization, so his usual office location has moved to the Financial Building."
Xiao Dong, the share price of Times IC Co., Ltd. is still falling.I just looked at it, and the intraday price was only 6.96 yuan, which was very much. ”As one of the important investment companies of the Times Department, Wang Xuming and his Times International Investment have become a trump card in Xiao Bai's hands.But Xiao Bai didn't let any company take action to pull up the stock price, and just watched the stock price of Times IC Manufacturing Co., Ltd. fall all the way.Wang Xuming came to find Xiao Bai, in fact, he hinted that the other party should make a move."
Mr.
Wang, all affiliated companies are not suitable for direct action, and if they want to do it, they can only do it by themselves.It's just that Mr.
Wei and his funds are relatively tight now, and it is difficult to curb the decline in stock prices by means of share repurchase. ”Xiao Bai has his own plans, Wang Xuming is a smart person, as soon as Xiao Bai finished saying this, he realized this problem."
Dong Xiao, now the company's stock price is more appropriate, why not carry out a round of additional issuance?
If the financing can be successful, Mr.
Wei and they will also have money in their hands, whether it is to expand production capacity or carry out share repurchases, they will be more calm. ”Wang Xuming immediately gave a new suggestion."
Well, it's really not like it's falling.In this way, you go back to Mr.
Wei and discuss with him about the company's refinancing.When you reach an agreement, I will then ask Mr.
Wei to propose to convene a meeting of the company's board of directors and an extraordinary general meeting of shareholders. ”Xiao Bai has been paying attention to the financial situation of Times IC Manufacturing Co., Ltd.During this period of time, Wei Jianjun has continuously expanded production, and spent a lot of money just to order equipment.If the company's stock price falls again, it will have a great negative impact, so he decided to improve the company's cash flow and stabilize the company's stock price."
Okay, I'll do it right away."
Wang Xuming immediately left Xiao Bai's office and went to Wei Jianjun to discuss the matter.Only two days later, Wang Xuming told Xiao Bai that this plan would not work."
Dong Xiao, Mr.
Wei communicated with the regulatory authorities.The regulatory authorities are very difficult, according to the current operating situation of Times IC Manufacturing Co., Ltd., this year's profit indicator forecast is not up to standard, and the financing review may be delayed for a long time. ”Wang Xuming explained very clearly that due to the huge investment in the research and development of advanced manufacturing processes by Times IC Manufacturing Co., Ltd., the delay in the delivery of lithography equipment has delayed the company's mass production time, resulting in the company's financial data this year being ugly.The relevant departments are willing to provide some convenience for the company's refinancing, but the review process will be very troublesome, and it is estimated that the whole set of procedures will be completed until next year.Far water can't quench the thirst of the near."
Then borrow money first, issue corporate bonds or borrow from banks, in short, you can't be trapped by the problem of funds.Mr.
Wang, I know about this matter, and I will communicate with Mr.
Wei when I go back. ”Xiao Bai always felt that this matter was not so simple, maybe the relevant departments knew something, but it was difficult to say it clearly, so he politely rejected the company's refinancing application."
Okay, I'll go first."
Wang Xuming then turned around and left.Xiao Bai met with Wei Jianjun in the afternoon, and Wei Jianjun was very dissatisfied with the statement of the relevant departments, and made a complaint in front of him.Xiao Bai waited for him to finish complaining before saying: "Lao Wei, if you make a capital plan here, how much money you need to use, whether it is a loan or a bond, you have to make a feasible plan." ”"I don't have a big gap in funds, and if it weren't for stabilizing the stock price, I really wouldn't have to borrow.Xiao Dong, the two 28N lithography machines that were delayed before will arrive in these two days.I plan to use these two devices to pre-produce 14N chips.Our double exposure technology is well established, and the entire production process is ready-made with no technical barriers. ”After Wei Jianjun calmed down, he did not continue to talk about the issue of funds, but talked about his next plans.The two 28N lithography machines that will arrive soon, he is not going to use them to expand the production capacity of 28N chips, but directly use double exposure technology to produce 14N chips.After the arrival of the additional 28N lithography machine, the production capacity of 28 chips will be expanded in Rongcheng."
If you arrange it like this, An Ran and Wang Jiming will definitely be very happy.Especially Mr.
Wang, he made a few more calls to me, and he wanted to purchase a batch of GT's 14N (CPU) chips and redesign a product.Your side can solve the manufacturing problem of 14N chips, even if the cost rises slightly, he will accept it.It's not good to be stuck in the neck!
”Times IC Manufacturing Co., Ltd.'
s double exposure technology is very advanced, and the cost is a little higher, but the high is also limited.This difference is well within an acceptable range.Xiao Bai is very glad that Wei Jianjun is committed to this technology, if he hadn't been insisting on technology iteration, the current difficulties would really be overcome.Of course, it would be better if ASML was willing to sell the 14N lithography machine."
Speaking of which, I'm still very lucky.I talked to a few key clients and they were all receptive to my proposal.Then I'll hurry up and prepare......"
Wei Jianjun was not verbose, and after chatting with Xiao Bai for a few words, he put the boss aside and went to work by himself.Xiao Bai walked around the company, and then returned to the financial building.Two days later.The two 28N lithography machines that Wei Jianjun was waiting for arrived in the magic capital.After picking up the goods, Wei Jianjun led the company's technicians to install and debug the equipment non-stop.It only took them more than half a month to start trial production and successfully produce 14N chips using double exposure technology.Wei Jianjun immediately negotiated with Ruiyi Semiconductor, and the other party agreed to immediately enter the stage of risk mass production.The order is ready-made, and the other party agrees to the risk of mass production, which means that it is willing to bear the corresponding losses.On the one hand, this is based on the trust in Wei Jianjun's IC manufacturing technology, and on the other hand, why is it not because he was forced to be helpless?
Fortunately, Wei Jianjun never disappoints in terms of technology, and the indicators of risk mass production are very good.In particular, the yield rate index makes many peers envious.The success of risk mass production means that it can logically enter the stage of mass production, and Xiao Bai's face finally showed a smile.For such a long time, he has been stationed in the magic capital, just to keep an eye on the IC manufacturing piece.As the most advanced IC company in China, it did not disappoint everyone in the end, and still created qualified 14N chip products under extremely difficult circumstances.This morning.In his office in the Financial Building, Xiao Bai received a plan for issuing corporate bonds submitted by Wei Jianjun.The company will issue convertible bonds of 20 billion yuan, and the conversion price will be calculated according to the average stock price of the last 30 days, that is, 6.05 yuan per share.Convertible bonds are subject to less stringent approval than additional issuances.Wei Jianjun also recently approached Li Cheng, who not only promised to buy some bonds, but also promised to help solve all regulatory problems."
Mr.
Li is still very interesting, and the regulator has no objection to our plan.Now, as soon as the board of directors approves it, the plan can be implemented immediately. ”said that it was the approval of the board of directors, but in fact, it needed Xiao Bai's approval.Xiao Bai asked Wei Jianjun to sit for a while, and then he carefully read the plan and felt that there was no problem."
I agree with this plan, and if you communicate well with the directors of the company, you can hold a board meeting."
Xiao Bai has the final say in the company's major decisions.He nodded here, and Wei Jianjun left with the plan without saying a word.Soon, the board of directors of Times IC Manufacturing Co., Ltd. passed the proposal to issue convertible bonds.The company will issue 20 billion yuan of convertible bonds at a conversion price of 6.05 yuan per share with a maturity of three years.The issuance of bonds went smoothly, and the quota of 20 billion yuan was snatched up.Including Integrated Circuit Development Fund, Chenfeng Capital (Shencheng) Company, Xiangjiang Yingsheng Investment (Shencheng) Company, Huashi Semiconductor, etc., all actively participated in the subscription.The market's reaction is also biased towards the positive, so the share price of Times IC Manufacturing Co., Ltd. has also rebounded slightly.When Wei Jianjun's two additional 28N lithography machines arrived in Rongcheng, the company's stock price also returned to around 8 yuan.It seems that Times IC Manufacturing Co., Ltd. has not been affected by the incident of Lao Mei attacking domestic communication giants.But at this time, ASML announced a piece of news, and then Lao Mei announced a new ban, which instantly shattered this beautiful illusion.Xiao Bai then figured out why the regulatory authorities did not agree with Times IC to know that the company was issuing additional issuance, and people probably knew about it in advance.The regulators are worried that agreeing to the additional issuance of Times IC Manufacturing Co., Ltd. before the major negative comes out will seriously hit investor confidence and bring a series of problems.Comparatively speaking, the negative impact of a company's issuance of convertible bonds will be much smaller, which is why the regulator gave the green light.