So far.The $10 billion medium-term bonds issued by Times IC Manufacturing Co., Ltd. were all sold out.Yingsheng Investment and Chenfeng Capital had no chance to make a move.After Wei Jianjun got this huge amount of money, he first returned the money he had borrowed temporarily.He ordered another batch of 14N lithography machines some time ago, and the production capacity is about to be increased again.After Xiao Bai finished issuing bonds, he returned to Shencheng.This morning.Xiao Bai was sitting in the office to handle official business, when Shang Liancheng and Chen Yisheng knocked on the door and walked in."
Mr.
Shang, Mr.
Chen, why are you here together?"
Xiao Bai was quite surprised to see Chen Yisheng, he hadn't seen the other party for a while, and he didn't know when the other party left Rongcheng."
Dong Xiao, the company has an important meeting in the past two days, and I am here to attend."
Chen Yisheng explained with a smile.During this time, Xiao Bai didn't pay much attention to the affairs of Times Optoelectronics, Times Optoelectronics is now developing steadily, and the production capacity of OLED screens has also risen, and revenue and profits are rising.The rapid expansion of the early years has basically come to an end, and although there are new projects launched, it is simply not an order of magnitude compared to the past.In the field of LCD and OLED, Times Optoelectronics has embarked on a path of its own.Xiao Bai stopped what he was doing, then got up and walked into the small reception room with the two.Several people sat down separately, and then he looked at Shang Liancheng.Shang Liancheng has been in high spirits in recent years, and the ascent to the top of Times Optoelectronics is the best reward and tonic for him, and his whole person seems to be a few years younger."
Mr.
Xiao, the company's current development momentum is very good, and there are only a handful of companies that can challenge us.However, there is still a little problem with our upstream supply, especially the evaporator, which has not yet found a replacement. ”The evaporation machine is a very niche equipment and is mainly used in the OLED field.At present, the only manufacturers in the world that can produce high-precision evaporation machines are Japanese-funded enterprises, and the products of domestic manufacturers have a large gap in accuracy and cannot be replaced.In view of the first-mover advantage of S Star in the field of OLED, the other party almost monopolized the main production capacity of the evaporation machine of this Japanese-funded enterprise, and now this problem is becoming more and more serious.Times Optoelectronics followed Xiao Bai's advice in the early days and purchased several high-precision evaporation machines.But now, with the development of technology and the expansion of production capacity, these equipment are obviously not enough.It takes another year or two for procurement, which makes Shang Liancheng a little anxious."
Mr.
Shang, Mr.
Chen, this problem will have to be faced sooner or later.Times Optoelectronics has achieved the ultimate in its own field, whether it is in the LCD field or the OLED field, it does not have to care about anyone.However, there are still some shortcomings in the supply of upstream products.Your current revenue and profits are good, can you consider extending the industrial chain upstream?
You don't have to charge yourself, you can consider supporting relevant domestic enterprises, providing them with application scenarios, and even directly participating in equity investment. ”Xiao Bai knows very well that the current era of optoelectronics has few weaknesses, even if it is a high-precision evaporation machine, it cannot have a significant impact on the company.But after all, it doesn't feel too good to be stuck in the neck.Evaporator is a very niche product, the global annual revenue and total profit value are very low, Times Optoelectronics is not cost-effective to take the lead in research and development, and it is the best choice to support a domestic enterprise."
Dong Xiao, after we had a meeting to discuss, this is what it meant.Then let's go back and start to implement, and try to support a domestic supplier. ”Shang Liancheng and Chen Yisheng came to Xiao Bai, mainly to report to each other.Xiao Bai was busy and ignored Times Optoelectronics, Shang Liancheng and others needed to take the initiative, as for the evaporator, it was just incidental.Subsequently, Shang Liancheng and Chen Yisheng made work reports respectively."
Yes, the current development situation of Times Optoelectronics is very good, I hope you will continue to maintain it.In addition, it is necessary to increase the investment of funds in technology. ”After listening to this, Xiao Bai nodded with a smile.He is quite satisfied with the work of Times Optoelectronics, and he does not have too many suggestions for the work of Shang Liancheng and Chen Yisheng.Shang Liancheng and Chen Yisheng sat for a while before taking their leave.After Xiao Bai and the others left, he flipped through the report they brought with him.Times Optoelectronics has now completely formed a positive cycle, even if it is capital expenditure, Xiao Bai does not need to pay out of pocket, and it can also pay dividends every year in the future.The costly investment period has passed, and finally the harvest time has arrived.As for the evaporator or something, Xiao Bai didn't care very much.Although this equipment is more important, it is not to the extent of life and death.You can still buy it by paying in line, and the company is currently using it, although it is a bit nervous to use.I believe that Shang Liancheng can handle it."
Xiao Dong, the phone number of President Wei in the capital."
Xiao Bai was sitting in the small reception room pondering, and Tong Wanqing walked in and said that Wei Xiaolou was looking for him."
Xiaolou, what's wrong?"
Xiao Bai took the phone and stood up immediately."
Xiao Dong, our 28N production line localization substitution has encountered a little problem.Recently, there have been many unstable situations in the polishing equipment, especially the loss of the polishing pad, which has caused us a headache. ”Wei Xiaolou's search for Xiao Bai is not a big deal.Recently, he has been busy with the national production verification of the production line, and most of the equipment and materials are fine, but there are a few problems.He took advantage of the time before lunch to have a casual chat with Xiao Bai."
There's nothing to do about it, you have to take your time.Go back and communicate more with the manufacturer, put forward the problems you encounter so that they can improve, and give them more opportunities. ”The polishing equipment and polishing pads produced in North America are very easy to use, but this involves the security and controllability of the supply chain, and can only seek domestic substitution.Otherwise, why bother to make such a big effort to carry out a production line that is nationally produced, or at least de-M?
This is very difficult, but no matter how difficult it is, it must be done, otherwise it will one day bring a devastating blow to the Department of the Times."
Yes, you can only keep trying and correcting mistakes, and the time, energy and cost are very large."
Next, Wei Xiaolou also talked about their plan to deal with it.For the sake of this nationalized (de-M) production line, the Beijing company may have to catch up with the annual profits, and it is not even enough.The price to pay is not insignificant."
Xiaolou, you just stick to the plan.If there is any problem with the funding, just let me know and I'll find a way to solve it. ”Xiao Bai can't do anything about technical things, but he can give them support in terms of funds.His accumulation over the years is very deep, and it is no problem to stay up for a few more years."
Okay, Xiao Dong.I just want to talk to you about these things, and I'm relieved to have your support.Well, it's time for you to go to dinner too, right?
Then I'll leave it alone and call again. ”Wei Xiaolou then hung up.Xiao Bai looked at his watch, and it was almost twelve o'clock at noon, so he got up and went to the staff restaurant.Just got to work in the afternoon.Tong Wanqing sent Xiao Bai a piece of information."
Dong Xiao, this is the monthly schedule copied by the lithography machine project coordination working group, I will put it on the table for you, you have time to take a look."
Xiao Bai took a nap at noon, and he was full of energy at this time.When he heard that it was the progress of the EUV lithography machine, he stopped what he was doing and immediately picked up the information and looked at it."
The Chinese Academy of Sciences has made a major breakthrough in extreme ultraviolet light sources?
That's good news. ”At present, the EUV lithography machine project is divided into several sub-projects, which are developed by top domestic scientific research institutes.Fan Donglin has abundant funds in his hands, so the allocation of R&D funds is very timely, and everyone's enthusiasm for work is not to be said.However, the progress of the project is generally slow, and the biggest highlight is the extreme ultraviolet light source part.The light source part is the core of the lithography machine, and the technical difficulty is very large, but I didn't expect the good news from the National Academy of Sciences in such a short time.Of course, this is only a breakthrough at the technical level, and there is still some way to go before it is commercialized.Xiao Bai put down the information and immediately made a call to Fan Donglin."
Fan Dong, are you busy?
I have seen the progress of the project of the coordination working group, and the National Academy of Sciences has made a breakthrough in extreme ultraviolet light source technology, which is worth celebrating!
I have a suggestion, you can give each other some rewards appropriately, we need to set an example, don't we?
”Fan Donglin didn't know what he was busy with, and it was a little noisy on the other end of the phone."
Dong Xiao, let's go back to this matter, I'm a little busy at the moment, I'll call you back when I'm free."
Fan Donglin hung up in a hurry, and after about fifteen minutes, his phone came back."
Dong Xiao, you're right, we'll have a meeting to discuss this matter right away.To be honest, this news is very encouraging, and it also has a positive effect on our existing light source technology. ”Fan Donglin said that he was in a live meeting just now, and it was not convenient for him to speak.He happily accepted Xiao Bai's suggestion, the progress of the project requires all children and everyone to work together, and it is very meaningful to set a benchmark.At the same time, the technological breakthrough of the National Academy of Sciences also has reference significance for the current deep ultraviolet light source technology.The company is currently developing a 14N lithography machine, and the problem encountered is that the accuracy is not enough.To solve this technical problem, light source technology and objective lens technology must go further.Xiao Bai didn't expect the technological breakthrough of the National Academy of Sciences to have this benefit, so he immediately laughed."
Okay, I don't need to worry about these things, Fan Dong, you are an expert, and you have the most right to speak.At the end of the month, I will go to the magic capital, and the coordination working group will hold a joint meeting, and Director Feng specially invited me to attend the meeting.When the time comes, we'll talk about it, you're busy with yours. ”Xiao Bai quickly hung up and ended the call.Time flies.As time went by, Liao Hongxing's life became more and more sad.But fortunately, the company's inventory is sufficient, and with the support of Times Communications, key components can be replenished to a certain extent.However, there are some parts that cannot be procured anymore, and now they can only consume inventory.Liao Hongxing has been busy looking for domestic alternatives recently, and as long as the products of domestic manufacturers can be said to be in the past, he will actively conduct technical tests.He even sent the company's technicians to those small companies to give technical guidance, just so that the other party could improve the quality of the product as soon as possible.The situation of Times Communications is not good, Qi Yuefeng's "treatment" is similar to Liao Hongxing, and it is expected that the revenue for the whole year will fall by 26%, and the profit will fall by 17%."
Dong Xiao, in addition to losing the North American market, we have also been squeezed out in other markets, and the decline in overseas business is very large.If it weren't for the growth of domestic business, it is estimated that this year's report will be even more ugly. ”Qi Yuefeng has been running to Xiao Bai's office frequently recently, and he told Xiao Bai.Although Times Communications has a large number of orders, the time span of these orders is very long, and a considerable part of the revenue brought by the orders will be collected until next year.Relatively speaking, next year's financial indicators will be better."
Mr.
Qi, the problem on your side is caused by force majeure.I will relax this year's performance appraisal indicators as much as possible, and you should make it clear to the company's employees when you go back.Plus, you're not the only one who has a hard time.Wei Jianjun and Mr.
Wei have also made new changes, and it has been difficult for listed companies to purchase key equipment needed for production recently, but fortunately, they have purchased in advance, and the production capacity at this stage can still be guaranteed. ”Xiao Bai looked at Qi Yuefeng, whose hair was a lot grayer, and couldn't help but sigh.During this time, Qi Yuefeng was under great pressure, and the decline in the company's performance made him and the company's management feel tormented.But now the enterprises under the Times Department are not the only ones that have encountered difficulties.For example, like Wei Jianjun's Times IC Manufacturing Co., Ltd., the supply chain has gone wrong in the recent period.Fortunately, Wei Jianjun purchased a number of 14N lithography machines in advance, and he has already received the goods.Otherwise, the manufacturing of chips in the 14N process will fluctuate immediately.In general, now Times IC Manufacturing Co., Ltd., Times Communications and Liao Hongxing Company have become grasshoppers on a rope, and no one can run away."
Okay, I'll keep it up.By the way, Mr.
Xiao, we are currently actively developing RF chips and baseband chips based on 5G technology, but the investment in the whole project is huge, and the company may not pay dividends in the next two years. ”At present, the application of 4G technology has become mature, and the research and development of 5G technology has also entered the sprint stage.China is following in the 3G era, catching up in the 4G era, and in the 5G era, it is destined to overtake in corners and is in a leading position in technology.But when it comes to each branch of technology, RF technology is a little weaker.If Times Communications can't win the (5G) RF module \ RF chip, the domestic communication giant is likely to face the dilemma of having no cores available.The core here mainly refers to RF chips and baseband chips at this stage, but does not include mobile phone processing chips.Now the only core enterprise that has not been affected is Ruiyi Semiconductor.The strength of Ruiyi Semiconductor is mobile phone processing chips, smart phone overall solutions, and system integration.However, the good days of Ruiyi Semiconductor are not a few years away, when the process of processing chips in mobile phones reaches 7N and below, the design is fine, but there will be problems with manufacturing.