In this case, Li Kai set his sights on the third-generation semiconductors, and cooperated with the Times Science and Technology Research Institute, Hengmei Technology, Times IC Manufacturing (Group) Shencheng Company, BOD Automobile, etc., to actively develop the application of silicon carbide (SiC) materials.Now, it has reached the stage of formal implementation of industrialization."
Oh?
How far have you got?
I'm definitely going to support you unconditionally, but you still have to take it easy and don't take too big a step. ”Xiao Bai was a little surprised, the third-generation semiconductor technology has been hyped up in recent years, but after all, the thunder is heavy and the rain is small, and the industrialization process is not smooth.In summary, although the third-generation semiconductors have huge advantages in terms of band gap, high breakdown electric field strength, high saturated electron drift rate, high thermal conductivity, etc., they also have the disadvantages of high price, relatively limited application scenarios, and low stock.For example, SiC devices such as (silicon carbide) only perform well in the field of electric vehicles, but their performance in other fields is very average, and considering the price factor, the application scenarios are very narrow.Therefore, the development scenario of the third generation of semiconductors is very bright, but at present, the problem of cost still needs to be solved, and the application scale can only be slowly increased step by step."
Okay, Xiao Dong, I'll be cautious."
Li Kai and Xiao Bai chatted for more than half an hour before hanging up.Two days passed.Wang Chuanfu and Li Kai came to Rongcheng together."
Dong Xiao, this is the company's specific development plan, please take a look."
Xiao Bai met the two in the office, and Li Kai immediately came up with the overall plan of the SiC project.At present, there are not many domestic manufacturers that can produce SiC wafers on a large scale, and Hengmei Technology is one of the leaders.Hengmei Technology has achieved mass production of 6-inch SiC wafers, and BOD Semiconductor has also successfully designed SiC power devices that will be applied to BOD new energy vehicles for the first time.The production problem was also completely solved by Times IC Manufacturing (Group) Fukashiro Company, so there was no obstacle to the implementation of this plan.Xiao Bai was carefully looking through the information, and Wang Chuanfu said after a while: "Xiao Dong, the application of SiC power devices in electric vehicles can reduce energy consumption by more than 20%.Even if the price is more expensive than IGBT, it is not a loss in general. ”At this stage, new energy vehicles are the fastest-growing and largest application scenarios for SiC, and both Wang Chuanfu and Yue Tong are determined to adopt this new technology."
I took a look, and there is nothing wrong with your plan, and it can officially enter the industrialization stage.Of course, the proportion of application in new energy vehicles, you should look at it yourself, or take a step-by-step strategy. ”After reading it, Xiao Bai agreed in principle to the plan they submitted.According to the current technical level of the enterprises under the Times Department, there are no problems in design, manufacturing, packaging and testing.There is also a stable supply of equipment and materials, and the rest is to continuously improve the technical level in the application."
Xiao Dong, we are developing in this direction and have more favorable conditions than others.Taking Times IC manufacturing as an example, Shencheng Company has many years of experience in producing analog ICs, power semiconductors and discrete devices, and it is really easy to produce SiC products. ”Wang Chuanfu has always liked to produce core components by himself, such as the previous hybrid engine, IGBT products, and current SiC products.In any case, BOD Semiconductor is a company controlled by BOD Group, and he is willing to make new attempts."
That's okay, I'll sign and support this plan, go back to the process, and you can implement it immediately."
Xiao Bai was no longer verbose, and immediately signed his opinion on the plan.BOD Semiconductor's SiC project should not change much."
Xiao Dong, then I won't bother you.Mr.
Li and I are going to go to the mountain city, there is still something to do over there, let's meet again in the deep city when we get back. ”Wang Chuanfu and Li Kai quickly said goodbye and left.Next, Xiao Bai continued to sit in Rongcheng.The Times Department also has a self-built high-end office building in Rongcheng, in which Xiao Bai has his own office, and he goes to and from work every day very regularly.Tian Chunxiu stayed here for a few days before returning to ZH, while Liu Xiaoling stayed by his side, also controlling the Foundation's operations through telecommuting.The days passed.TD's 28n production line in Jinling has entered the stage of mass production, and as the production capacity of the other party continues to climb, the competition at the 28n node is becoming increasingly fierce."
Xiao Dong, now the company's main source of profit comes from the 28N process.TD has recently lowered the foundry fee for 28n chips, which is very stressful on our profits. ”Xiao Bai met Wei Xiaolou in Rongcheng, and the other party came here to inspect the situation of the Rongcheng factory, and by the way, he made a work report to Xiao Bai.According to Wei Xiaolou, TD's 28n production line began to release production capacity and reduce prices, which should not be underestimated for the impact of IC manufacturing in the times."
However, our production capacity in the 28N process so far is still much larger than that of the other party, and we are not inferior in technology, and we have a certain advantage in production cost.At current prices, I don't think TD will make much profit, and I don't believe they can hold out for much longer. ”Wei Xiaolou can now look at these problems very calmly, and his confidence comes from the company's strength growth and technological progress.In short, the IC manufacturing of the times can fully withstand it."
What about the market?
Can domestic customers be stabilized?
”Xiao Bai nodded, and then asked."
There is no problem on the customer side, in view of the external environment in recent years, many domestic companies have begun to pay attention to the security of supply, and it is difficult for TD to snatch too many orders in the 28n process."
Wei Xiaolou sorted out the difficulties and advantages very clearly, knew his strengths and weaknesses, and neither feared nor underestimated his opponents.In general, TD's initial explosion of production capacity has an impact on the IC manufacturing of the times, but the impact is controllable.It's going to be a bit tougher, but from another point of view, the pressure on your opponent is probably much greater."
Well, then go on according to the previous plan, the opponent expects to drag us down, then we will consume with them, and see who can't support it first!"
Xiao Bai had confidence in his heart and decided to fight his opponent to the end.A few days later, he and Wei Xiaolou went to various places to investigate the market situation and visited a number of customers, and the feedback was even better than expected.After a big turn, Xiao Bai returned to the deep city."
Xiao Dong, the North American side has agreed to the privatization plan of Julong Mall.The Company will repurchase all outstanding shares at a price of $7.20 per share until December 12 of this year. ”After Xiao Bai returned, Juwenson reported to him on the progress of the privatization of Julong Electric.So far, the whole plan is being carried out in an orderly manner, and it has entered a critical link, and the repurchase of outstanding shares has been officially launched."
Well, you guys keep an eye on it, this link is the most likely to go wrong.Everything else is okay, if there is a common shareholder making trouble, it must be dealt with decisively. ”Xiao Bai subconsciously reminded him that he didn't care much about the specific operation.With Jiang Xiaozhou and Juwenson in charge of this matter, coupled with the assistance of Cui Mingda and others, the company's privatization and delisting plan will definitely be successfully completed.The next period of time.Xiao Bai stayed in the headquarters park honestly, sitting in the office most of the day to deal with official business, and occasionally going to his own enterprises to take a look.Sihai Electronics has performed poorly this year, and the market share of high-end products has declined significantly, but fortunately, it has maintained its domestic low-end market share.Wanwei Technology has performed well, and its market share has increased a little.However, the company has become more and more dependent on imports in the procurement of key components, and the number of parts purchased from companies such as Times Communications and Ruiyi Semiconductor has dropped to less than 30% of the total amount.In this case, many domestic and international investment institutions have expressed strong investment interest, and many people are looking forward to when Xiao Bai will sell Wanwei Technology.At this time, TD announced that the company had successfully achieved mass production of the 7n process and began to receive orders in large quantities three months later.GT has also launched several 7n chips, including both processor chips and baseband chips.The world's smartphone giants have begun to use advanced process chips on their latest flagship models, and consumers have begun to look forward to the application of 5N chips and even 3N chips in mobile phone products.After all, both TD and S Star have begun to develop process processes below 7n."
Dong Xiao, we can only sigh now, and it has nothing to do with us for the time being.However, we are not idle, the technical level of the domestic 14N production line is steadily improving, although it has not yet reached the best state, but it will not affect mass production.We have successfully developed the 14n (N+2) process, which can also produce products in the 7n process using double exposure technology.It's just that there is a big gap between us and others in terms of cost, and cost-sensitive customers will not choose us. ”Wei Jianjun came to inspect Times IC Manufacturing (Group) Shencheng Company in the past two days, and specially asked Xiao Bai to come out for a meal.While drinking, he introduced some new information to Xiao Bai.Since there is no EUV lithography machine in IC manufacturing, the ceiling of 7n is looming.Not to mention Wei Jianjun, even Xiao Bai couldn't solve it for a while.But Wei Jianjun and others have been doing the work of laying a solid foundation.Whether it's a 28n node or a 14n node, these people can't play tricks.On the basis of the basic technology, Wei Jianjun and others continued to dig deep into the potential, and simply used the existing equipment to raise the technical level by a large margin.For example, the domestic 14N production line, the current yield index, production capacity index, etc., have reached a very good state, and can produce 14N and 12N chips in large quantities.If double exposure technology is used, the trial production of 7N chips has been successfully realized.However, the production cost of 7N chips is high, and the yield rate has only reached the passing line, so it will take time to enter the stage of large-scale mass production."
Old Wei, don't force the 7n node.As long as we have technical reserves, the cost cannot be reduced, and small-scale mass production can only meet the needs of self-use products. ”Xiao Bai means that the production technology of the specific 7n process of the Times IC manufacturing is OK, and it is not necessary to force a large scale, and it is impossible for ordinary customers to place orders anyway, after all, the price gap is still obvious.Only within the Times Department and some companies that cannot seek TD foundry, such as the two domestic communication giants, will cooperate with Times IC manufacturing regardless of the cost.The number of these orders is almost fixed, and this pattern will remain in place for a long time until EUV lithography machines are available.Fortunately, the fundamentals of the Times system have been completely stabilized, and although the profit of the 28N process has decreased, it still brings a lot of cash flow to the company.The 14N process is also starting to make a profit and is in the process of being ramped up at a rapid pace.Wei Jianjun's thinking was similar to Xiao Bai's, and the two talked about a lot of details while drinking all night.A few days later, Wei Jianjun left the deep city and went to the demon capital.In the past two years, he, Wei Xiaolou and others have been flying around like this for half of the time, which is indeed very hard.There is no way, Times IC Manufacturing has production plants in various places, and it is necessary to visit the site from time to time to grasp the latest situation.With the passage of time, the times IC manufacturing has shown more and more resilience.Among them, after the 28N process was briefly hit by the opponent's explosive production capacity, revenue and profits quickly stabilized.Although the company's production line has not reached full production, the operating rate has been maintained at a high level, and the production capacity release is close to 80%.Weekend.Xiao Bai came to Xiangjiang."
Chairman Xiao, we continued to sell some U.S. stocks some time ago, and AMZN and AAPL have maintained an upward trend, so our operation pace is relatively slow."
In the office of Yingsheng Investment, Xiao Bai chatted with Cui Mingda.Cui Mingda said that up to now, the company has withdrawn tens of billions of dollars.However, there is still a large number of U.S. stocks held, and it will take time to completely clear the position."
There's no hurry, you just sell slowly.I need to use some of the funds here, Lao Cui, and then in the name of Yingsheng Investment, I will increase the capital of Times IC Manufacturing (Group) Company again, and I will consider the amount of funds to be set at 10 billion US dollars. ”Xiao Bai reduced his holdings of U.S. stocks, and the final return of funds will be more than 100 billion US dollars.At present, the trend of the whole era system is not an extension expansion, so it is necessary to strengthen the strength of core industries.Therefore, Xiao Bai decided to continue to increase investment in the IC manufacturing of the times.Specifically, it is the IC manufacturing (group) company in the era of capital increase, and the listed company does not care about it for the time being, and can consider financing in the secondary market when it comes back."
No problem, I'll contact Dong Wei when I go back, anyway, I'm already familiar with the road, and I can sign the agreement according to the mature template."
Cui Mingda doesn't understand Xiao Bai's persistent blood transfusion to the times IC manufacturing, there are many investment opportunities now, no matter what kind of investment, the rate of return is always much higher than investing in IC manufacturing.But he didn't say much, he knew Xiao Bai, and he also knew that the IC manufacturing of the times was the core industry of the entire era system, so he immediately responded.