There is a ceiling theory in the market.

The ceiling theory says that the space on the ceiling is relatively limited.

If someone else occupies the ceiling, then it will be difficult for you to stand on it again.

And even if you can stand up, the other one will have to step down.

It is undoubtedly much easier to reach the height of the ceiling in a new field than to oust others from power.

Although the valuation quoted by Chen Yu is sky-high, what he said is actually not wrong at all.

There are a series of giants in other fields that have entered the market, and they have been difficult to enter.

Even if they do, these giants may not accept their financing.

The video field can be said to be the last ticket in the Internet field.

The result was not surprising, and after a group of capital meetings and discussions, they finally agreed to Chen Yu's offer of a $20 billion valuation.

......

"Mr. Chen, the data on my side is out. ”

Far away on the other side of the ocean, Chen Yu received a call from Lin Benjian.

"So fast?"

"In fact, these data are not difficult, I had ideas before, plus Mr. Chen is so supportive of us, and the equipment we bought back is also powerful enough, so we have calculated the data in the early stage. ”

"Great. ”

I didn't expect Lin Benjian's execution to be so awesome.

It has only been a long time, and a series of data problems encountered by the lithography machine mentioned by Chen Yu have been solved.

"What are you going to do next?"

"Mr. Chen, I think so. Our lithography machine plan was built from scratch, and if we started all over again, it would take a long time. My suggestion is to buy a lithography company and then work on our wet lithography technology based on that. ”

"Acquire Nikon?"

"Mr. Chen, your appetite is too big, even if we can afford to buy it, people won't sell it. ”

"Uh, which one to acquire, do we have a research lithography machine in China?"

"There is one, Hucheng Microelectronics, although their technology is quite different from Nikon and ASML, but as long as our wet lithography technology research is successful, we can definitely surpass them within three years. ”

"Okay, how much is this business worth?"

"About 5 billion. ”

"What about the research costs invested in the later stage?"

"The first batch may be 10 billion. ”

After thinking about it, Lin Benjian reported a number.

Of course, this 10 billion is not enough, even if it is the amount of the first installment.

However, considering the situation of Huanyu Technology, Lin Benjian still reported it to a small one.

But Chen Yu heard what Lin Benjian meant: "Hehe, are you worried that the company has no money." How is 10 billion enough, in this way, I will give you 20 billion. ”

Huanyu Video has successfully financed, and Chen Yu has confidence.

He hated to say to Lin Benjian, don't be polite to me, I'm a local tyrant.

"20 billion?"

Lin Benjian was taken aback.

"What, 20 billion is not enough?"

"Enough, enough, the first phase of the study is more than 20 billion. ”

"It's okay, invest generously in research. In addition, the acquisition of that microelectronics company is also faster, they don't sell us 6 billion if they don't sell 5 billion, and they don't sell us 8 billion if they don't sell 6 billion, try to buy time. ”

What is lacking in domestic lithography machines is time.

The method that Chen Yu uses at this time is to buy time with money.

"Mr. Chen, will this cause problems for the company's cash flow?"

"What's the problem, don't worry, don't say it's the first phase, let me tell you, I'll help you get the funds you need for your entire wet lithography technology. ”

If Lin Benjian wasn't here, Chen Yu really wanted to show him the account in the bank.

A few days ago, Chen Yu relied on Huanyu Video to raise $8 billion.

Although 8 billion may not be enough to make a complete wet lithography process, Chen Yu is confident that after a while, the valuation of his Huanyu video can double again. If it goes public at that time, let alone a lithography machine company, he can withstand both of them.

......

"Brin, there must be something in Universal Video Network that we didn't find. ”

"Paige, what the hell are you talking about?"

"If I had known, I wouldn't be so depressed. ”

Google's founder, Page, is already a little crazy.

Obviously, he felt that there was something in Huanyu Video that he hadn't discovered, but he didn't know what this was.

It's a really bad feeling.

"Page, in fact, there is no need to be in such a hurry, we still have a traffic advantage. ”

"We have a traffic advantage now, but not necessarily in the future. ”

"Actually, it's not impossible, or let's start the money burning mode?"

Brin suggested to Page.

"Burning money?"

The proposal struck a chord.

The most terrifying means of the Internet is not technology, not operation, but burning money.

As long as you have money, then you can burn a well-known Internet site.

As long as you burn the other party to the point that you have no money to fight you, you will succeed.

"Bryn, your proposal is good. ”

Paige suddenly felt much better.

Youtobe has raised a huge amount of money before, and if they start the money-burning mode, Huanyu Video will definitely not be able to withstand it.

It's just that when Google's side is preparing to start the money-burning mode.

The media revealed that Huanyu Video received an offer from Mogen Investment, with a valuation of $20 billion.

......

"Zhang Lei, what do you think of the wet process proposed by Lin Benjian?"

TSMC, Zhang Zhongmou took out a report placed at the bottom in the drawer.

This is the feasibility plan of the wet lithography process written by Lin Benjian before.

However, Zhang Zhongmou did not reply at that time for other reasons.

But people are strange creatures.

When Lin Benjian went to Huanyu Technology, Zhang Zhongmou felt extremely regretful.

"Mr. Zhang, although Lin Benjian's plan seems feasible, the amount of money spent is too big and too big for a company to bear. And, if it fails, it will be a devastating blow to the company. ”

"But what if it succeeds?"

"This ......"

Zhang Lei was a little hesitant, but still said: "Mr. Zhang, don't worry, Huanyu Technology can't come up with so much money." ”

"Can't you take it?"

Zhang Zhongmou shook his head: "Don't forget that Huanyu Technology has a hen that lays golden eggs." ”

This hen refers to the network of friends.

Huanyu Technology's LCD business, Guanlan Park's OEM electronic product foundry business, these funds are all from Friends.com. Although Friends will not give money directly to Huanyu Technology, Huanyu Technology is the largest shareholder of Friends, and this kind of left-handed to right-handed thing should not be too simple.

"Mr. Zhang, it was because Chen Yu had drawn too much blood from his friends that they didn't dare to continue to borrow funds. Unless, Huanyu Technology creates another company with a valuation of tens of billions of dollars like Friends.com. ”

After Zhang Lei finished speaking, Zhang Zhongmou looked at him directly.

"Mr. Zhang?"

Being stared at by Zhang Zhongmou had some hatred, Zhang Lei said weakly.

"Check if Huanyu Video has the capital to contact them recently. ”

This check.

Zhang Zhongmou's eyes were in a daze.

There is an intuition in his heart that tells him that in the future of the semiconductor business, TSMC has a challenge.