In the semiconductor industry, inspection instruments and manufacturing equipment are equally critical.

Without high-precision inspection equipment, you can't accurately measure the spatial dimensions of the crystal structure, nor can you accurately measure exactly how much leakage is in the trench.

In this regard, Texas Instruments has helped Huaxin Technology a lot, which also provides an accurate data source for the BSIM project team.

FinFET technology does not have much advantage in the current manufacturing process, because of the process, the current trench leakage is negligible.

But after the 32nm manufacturing process, because of the proximity of the distance, the leakage of the trench has become an obstacle for the semiconductor industry to continue to move forward.

Huaxin Technology took the lead in developing BSIM, which will undoubtedly have a considerable say in the field of semiconductor manufacturing in the future.

Of course, in Wang Anran's view, this is not enough, and the commercialization of FinFET structure is the ultimate goal.

To this end, Huaxin Technology still has a long way to go, and the amount of investment required is also massive.

Relying on its own hematopoietic ability alone, it can no longer keep up with the strong demand for funds.

In addition, the R&D expenses required for the development of graphics cards, CPUs and other projects are also massive.

However, for Wang Anran, is money a problem?

Of course not.

But for learning from Gu, Mr. Wang is becoming more and more abnormal now.

"Mr. Wang, with the financial situation of our Huaxin Technology, we are not suitable to invest in extremely risky U.S. stocks now. ”

"Why? Our debt ratio is not high?"

Wang Anran still has some understanding of the company's operation, the company's debt is not necessarily a bad thing, appropriate debt can promote the development of the enterprise, under normal circumstances, within 50% is a healthy state, if the company's profitability is strong, financial stability, 70% ~ 80% of the debt ratio is also acceptable.

"Huaxin Technology's debt ratio is less than 10%!"

"Mr. Wang, the debt ratio is one thing, I'm talking about risk, first of all, we want to borrow these foreign currencies, except for Japanese currency, the rest are not international currency, we have to pay the interest on the loan, and we also need to pay two exchange fees, we need a special guarantee account, and we need to accept the supervision of the other country's bank......"

Wang Anran asked, "What is our average financial cost?"

"17%, there may be more follow-ups, for Huaxin Technology, we have more ways to reduce financial costs to a single percentage. ”

Wang Anran took a sip of water, shook his head, and used other ways to finance, which had to be repaid, but foreign currency loans, which were basically given away for free, were only 17% of the financial cost, which was completely negligible after the collapse of these currencies.

"It's settled!"

Shi Conggu was silent, poured a cup of coffee and said: "Mr. Wang, you choose these foreign currency loans, it should be the meaning of shorting these currencies, I don't know where you got the basis, I just want to say that in case there is a difference between reality and expectations, Huaxin Technology's debt ratio will rise exponentially until bankruptcy, which is too risky."

And the U.S. stocks you want to invest in are also the same, and Huaxin Technology may be burdened with a heavy burden because of this!"

Wang Anran shook his head and said: "From ancient times, you should know about macroeconomics, I won't say much about the sources, indeed, I am not optimistic about the economy and monetary policy of Southeast Asia, and similarly, I am very optimistic about Nasdaq technology stocks." ”

Everything that should be said was said, and Shi Conggu shook his head helplessly.

"Mr. Wang, how much is the scale of our liabilities controlled?"

"Max! All the companies under my name, including non-wholly owned shares. ”

It's a big gamble!

"Foreign currency loans cannot be achieved overnight, the policies of each country are different, and most of them are regulated......"

"You need at least 10 billion US dollars worth of foreign currency, and after converting it into US dollars, I will leave 2 billion US dollars for the development of the company, and the rest will be invested in US stocks. ”

In Wang Anran's thinking, of course, it is necessary to buy chip production lines, and build several national-level research institutes, such as optics, which is a headache, and communication chips, which are also gold-swallowing monsters.

No, for Shi Conggu, he is going to suffer, Mr. Wang, can you not be whimsical!

"Mr. Wang, do you know the amount of foreign investment introduced in the country last year?"

"How much?"

"The contract value is more than $90 billion, and the actual amount is less than $38 billion. ”

Your Huaxin Technology wants to raise 10 billion US dollars in foreign investment, accounting for 30% of the actual use of foreign capital in the country, and it feels very unrealistic to learn from ancient times.

"If you borrow so much money, who will guarantee it, with the corporate credit of Huaxin Technology, it will be more than a billion US dollars, and before that, we have used more than 700 million US dollars, and such a large amount of money is easy to attract some unnecessary speculation. ”

Wang Anran smiled, if you have a problem, go to Goldman Sachs, as long as Goldman Sachs thinks that we Huaxin Technology have the ability to repay, or that the value of Huaxin Technology is far more than 10 billion US dollars, they can provide financial services within any risk.

"Once upon a time, if you ask Mr. Clark to talk, I think they'll be interested in our plans. ”

The next day, Clark's office, under the guidance of Gu Yi, put forward Huaxin's appeal, and Clark's interest really increased.

It's a $10 billion project.

"Mr. Clark, we borrowed Japanese yen, Indonesian currency, and Vietnamese dong, and we also paid these currencies, but what you want to give us is US dollars, which requires Goldman Sachs to go through an exchange procedure in the international market, and of course, we still pay the necessary fees. ”

"Are you going to short these currencies? There are many other ways to short these currencies!"

As a professional financial person, I naturally know that the easiest way is to sell short, and then after the other party's currency depreciates, I buy it back to fill the position.

"Huaxin Technology just wants to do some loan bonds, you know, we're not good at the financial markets. ”

Clark nodded and said, "$10 billion!" God, division director, I think I need to talk to you Mr. Wang in person, I don't know if it's convenient to help me make an appointment." ”

"Of course!"

Shi Conggu made a call on the spot, about noon the next day.

"Mr. Clark, Mr. Wang has agreed, and he has invited you to have dinner with him tomorrow at noon. ”

"It's an honor!"

Sending away the teacher from Gu, Clark made a difficulty, and the big business of 10 billion dollars, even if it is placed in the headquarters, will be given enough attention.

And what Goldman Sachs needs to do is make it happen and provide a limited guarantee, and the profits are very huge.

The problem is that the subject of the guarantee is Huaxin Technology.

But how much these companies are worth, Goldman Sachs needs to reassess.

You must know that Huaxin Technology is not Huaxin Technology half a year ago, Intel's Jedi counterattack, coupled with the sudden rise of Nvidia, has successfully knocked Huaxin Technology to the dust.

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