Times iC Manufacturing has kept the basic plate and made a beautiful turnaround in the mature process.This is the first time that Times IC Manufacturing has been in close contact with the other party, and as a result, TD not only failed to achieve the expected results, but also suffered a certain degree of loss.According to incomplete statistics, the TD side of this round of price war has reduced profits by tens of billions of yuan.There are also losses in the manufacture of IC in the era, but it is much smaller than that of the opponent.Among them, the advantage of scale plays a crucial role!
The second is that Times iC is deeply engaged in mature technology, especially in the 28n process technology, which has left its opponents behind."
Xiao Dong, you are still far-sighted.We took a huge risk to expand production capacity and launched a number of production lines in one go, and now it has played a big role. ”Wei Xiaolou called to talk about this, and he was very touched.At that time, the situation was that the IC manufacturing of the times was in jeopardy, the development path of advanced processes was temporarily locked, and the mature processes were facing the suppression of giants.Perhaps only Xiao Bai dared to make a crazy move to invest in building a factory against the trend.How similar is this to the crazy money throwing money of optoelectronics in the original era?
Some people commented that Xiao Bai is a crazy gambler, who gambled heavily on LCD panels before, and if the investment of hundreds of billions of yuan cannot be successful, it will definitely make the era fall apart.Now that I'm betting on IC manufacturing, the final investment scale is certainly a jaw-dropping figure.His so-called one thought of heaven and one thought of hell, Xiao Bai's decision-making style no one dares to imitate.In fact, this time Xiao Bai won the bet again.Times IC Manufacturing stubbornly withstood the full attack of its opponents, and won half of the mature process in China when a new round of IC outbreak came.As a result, TD's 28n production line expansion plan died halfway, and after the first phase of the project was completed and put into operation, the later projects were never mentioned again.Times IC manufacturing has established a strong advantage in terms of mature manufacturing process, and it is too late for competitors to invest heavily in expanding production."
Xiaolou, it's not time to completely relax.On your side, you still have to keep an eye on international giants such as TD, as long as the other party expands the production capacity of the 28n process, we will immediately follow.Not to mention anything else, the scale advantage we have worked so hard to build must be maintained. ”Xiao Bai's meaning is very clear, the construction of IC production line requires a process, and it cannot be achieved overnight.Now that the Times I process has an obvious scale advantage, this advantage cannot let the opponent overtake.As long as you invest in this area to build a factory, I will follow immediately, but I will not let you smooth out this gap."
Okay, I'll be vigilant."
Wei Xiaolou agreed with a smile, and then hung up.Subsequently, Xiao Bai talked to Wei Jianjun on the phone again.Wei Jianjun has spent a lot of time in the magic capital recently, and Times IC Manufacturing Co., Ltd. has gradually increased the yield rate of the 14n process and has begun to increase the number of orders.It is believed that it will not be long before the company's 14N process chip production capacity will explode."
Lao Wei, has there been any progress in the refinancing application of listed companies?"
Xiao Bai will not give a continuous blood transfusion to a public company, and the company's financing channels should be mainly based on the capital market.For example, Times IC Manufacturing Co., Ltd. intends to carry out additional issuance, in order to obtain the injection of new funds, "the regulatory authorities have approved the company's additional issuance plan, and the company is currently in contact with relevant institutions to ensure smooth progress." ”Wei Jianjun said that this time, the refinancing of listed companies is in the form of private placement, and a part of the shares are issued to specific investors.The so-called specific investors generally refer to large institutions or related enterprises with close industry attributes, and to put it bluntly, someone is to take over."
Lao Wei, I think you may not have to work so hard, there will definitely be interested institutions and companies taking the initiative to find you."
Xiao Bai didn't say it explicitly, he was also guessing, and he didn't get very exact news.According to his understanding, this round of refinancing of listed companies, state-owned assets, integrated circuit development funds and other aspects should not sit idly by, and will definitely take this opportunity to enhance the voice in Times IC Manufacturing Co., Ltd.The actual controller of the listed company will not change, but the equity will be more dispersed.Xiao Bai then ended the call with Wei Jianjun.Some days passed.Xiao Bai really received calls from Li Cheng, Fang Meijun, Wan Anmin and others, and also received calls from Modu State-owned Assets, all of which expressed great interest in the new round of additional issuance of Times IC Manufacturing Co., Ltd.This is naturally a good thing, Xiao Bai does not pursue absolute control of listed companies anyway.After discussion with Wei Xiaolou, Wei Jianjun and others, Times IC Manufacturing Co., Ltd. decided to accept all parties to participate in this round of additional issuance.Soon all parties reached an agreement that this round of additional issuance will adopt the situation of fixed increase, raising a total of 37.6 billion yuan, and the financing share will be fully subscribed by integrated circuit development funds, Hantang Communications, Huachuang Semiconductor and other enterprises, as well as Modu state-owned assets.These enterprises and units have newly acquired 10% of the equity of Times IC Manufacturing Co., Ltd."
Chairman Xiao, the funds raised in this round of additional issuance, Xiaolou and I plan to invest all of them in the research and development of 14N process technology and the expansion of production capacity.At present, the operation of each equipment of the domestic 14N production line is good, and if large-scale mass production is achieved in advance, this will be our new profit growth point. ”Wei Jianjun has been in frequent contact with Xiao Bai, and the good news of the listed company continues, and the company's development speed will accelerate after the successful refinancing.This is a very good situation, indicating that the Era I node is also fully autonomous and controllable.Wei Jianjun then said a good news, the listed company has made another breakthrough in the research and development of the 7N process.The key to the manufacture of 7N chips using double exposure technology is cost.With the advancement of technology, the cost of this piece has been reduced a bit.However, compared with TD, there is still a gap in cost.It is definitely not possible to compete for market share with the other party, but it can play a very important role in solving the problem of advanced process bottlenecks currently encountered in China.That is, it solves the problem of whether there is a 7n process, and there is no way to solve the problem of whether it is good or not, and we have to wait for the EUV lithography machine to come out.When he returned home in the evening, Xiao Bai deliberately opened a bottle of liquor."
Brother Xiao, you seem to be in a good mood today.Come, I'll have a drink with you. ”Liu Xiaoling has been in Shencheng recently, she is taking care of both ends, frequently shuttling between Shencheng and Xiangjiang, and her work and family can't be ignored.When she was having dinner, she found that Xiao Bai's mood was very high.So he took the initiative to pour himself a glass of wine and chatted with each other while drinking."
Yes, there has been a lot of good news recently, and Times IC manufacturing has finally survived the most difficult period and ushered in a new life.We competed with TD for the market share of the 28n process, and no one was optimistic about us, but in fact, we won a complete victory, and it is also a technological leap in domestic semiconductor material equipment, which is worth looking forward to in the future. ”The battle is far from over, but a phased victory is also a victory.Xiao Bai knows very well that the battle behind the era I process is beyond the imagination of ordinary people.Not to mention anything else, just a huge amount of capital investment is not something that ordinary people can do.The hardships and risks involved are difficult to express in words.But in any case, Times IC manufacturing has completely consolidated the foundation so far and quickly bottomed out.With a large number of mature process IC orders, there will be a big explosion of 14n process, and both group companies and listed companies have a reliable source of profits."
In other words, the era of IC manufacturing has completely passed the existential crisis and made a big step forward in the industry, right?
No wonder you're so happy today. ”Liu Xiaoling is a good listener and knows when to listen carefully and when to express some opinions at the right time.Naturally, this meal is also delicious."
Xiaoling, although the current situation is very good, our shortcomings in semiconductor materials and equipment have not been completely filled.So, I'll let Dean Zhou take the lead and make a new list.You, Mr.
Jiang and Mr.
Cui have joined forces to make the second and third rounds of investment in these companies. ”Xiao Bai only cleared the financial assets on hand some time ago, and all companies have plenty of cash.What he meant was to let the venture capital companies under the foundation, Yingsheng Investment and Chenfeng Capital join forces to refinance the key companies that were re-screened.Of course, the new round of financing will not be fully covered by Liu Xiaoling and others, they will lead the investment and fully attract the participation of all kinds of capital.However, there is one thing, foreign capital must not be allowed to occupy the dominant position.Following.Liu Xiaoling went to Xiangjiang to coordinate the matter with Jiang Youwei, Cui Mingda and others."
Dong Xiao, Hengmei Technology's listing in Xiangjiang has been approved, and the news has been announced, which immediately aroused strong interest from major institutions, and the next thing should be very smooth."
That afternoon, Xiao Bai was in the office on official business, and Juvinson walked in and told him the news.The listing of Hengmei Technology is expected, but the whole process is not simple, and many people have put in a lot of effort behind the scenes."
Mr.
You, this is another thing worth celebrating.On the day when the company rings the bell and goes public, I will personally go to Xiangjiang to support the party, and you remember to tell Xiao Tong the exact date when you look back. ”Xiao Bai smiled and nodded, but didn't say anything.There are many listed companies under the Times Department, not to mention that Hengmei Technology is not the core enterprise of the Times Department, and it can barely be regarded as a peripheral enterprise.When the time is right, Xiao Bai will reduce some of the shares of Hengmei Technology.The times are big and big, and there are more places where you need to use money.Xiao Bai can't let all the investment funds precipitate, and it is more important to form a virtuous circle.This principle also applies to other semiconductor material and equipment companies invested by Xiao Bai in recent years, he can extend the industrial chain, but there is no need to grasp it in the palm of his hand, the part that should be cashed out will be cashed out, which is the true meaning of sustainable development."
Xiao Dong, the date of Hengmei Technology's listing has not yet been finalized.However, the company's Song Dong will come to Shencheng in two days, and he said that he will come to the headquarters park to visit you. ”Juvinson had some intersections with the other party some time ago, and Hengmei Technology went public in Xiangjiang, including Times Technology Group, Xiangjiang Yingsheng Investment and Eddid Securities, all of which provided great support to the other party.This time, Song Dong of Hengmei Technology came to visit Xiao Bai to thank him."
No need!
No matter what Song Dong says, he is my elder, so he doesn't need to be so polite.I'll call him when I go back, and I'll be free from visiting, and if he comes to Shencheng, I'll invite him to dinner. ”Xiao Bai waved his hand and asked Juvinson to take note of it."
Okay, I don't care about it."
Juvinson knew the relationship between Xiao Bai's parents and Song Changlong, he said hello to Xiao Bai anyway, and he didn't care about how it was arranged in the end.The two then went on to say a few other things.Tong Wanqing knocked on the door and walked in."
Dong Xiao, Mr.
Luo from AUO is here.""
Oh?
Then invite him in. ”Luo Yonglin was called by Xiao Bai, but the time arranged was before getting off work, and the other party was a little earlier than the agreed time.However, Xiao Bai had already finished talking to Juvinson, so he asked Tong Wanqing to invite the other party in."
Dong Xiao, I don't have anything else to do here.You talk to Mr.
Luo, I'll go first. ”Juvinson immediately got up to say goodbye, and met Luo Yonglin who was following Tong Wanqing in the aisle, and the two exchanged a few simple words."
Xiao Dong, am I coming early?"
Luo Yonglin sat on the sofa after entering the door.He happened to have something to do in the headquarters park this afternoon, and he came to find Xiao Bai after the matter was over, and he realized that he seemed to have come early when he met Juvinson just now."
It's okay, I don't have anything to do in the afternoon anyway.Mr.
Luo, AUO's overall strength has increased greatly since the successful acquisition of Sun's Technology Company, what new ideas do you have now?
”Xiao Bai called Luo Yonglin to come over, just to talk to the other party about the development of AUO.Although IC manufacturing is very important, IC design and packaging and testing cannot be neglected, design, manufacturing, packaging and testing are three different links in the same industrial chain, and the importance is not divided between them.Now, the IC manufacturing of Times has basically stabilized, and Xiao Bai plans to focus on the development of AUO Technology in the next step, and continue to improve the IC packaging and testing.But before that, he needs to refer to Luo Yonglin's advice."
Mr.
Xiao, I think AUO should also expand its scale to adapt to the rapid development of IC manufacturing.Specifically, the company needs to make larger-scale investments in factory construction, R&D spending, and mergers and acquisitions. ”Luo Yonglin saw the unconventional development of the IC of the times, and naturally had an idea in his heart.The production capacity of IC manufacturing has increased, and the packaging and testing must keep up, after all, the sealing and testing link is indispensable after the chip is manufactured.And Luo Yonglin also has his own ambitions.After AUO acquired Sun's Technology Company, he had the idea of impacting the status of ASE in the industry.It just so happened that Xiao Bai took the initiative to talk about this matter, and he did not shy away from putting forward his own suggestions.