Chapter 656 Equity Swap

Hu Yang did not think that the Magic Capital State-owned Assets Association would unconditionally withdraw from microelectronic devices, so he did not express his opinion on Fang Quping's words, but signaled the other party to continue.

"Mr. Hu, I think we can use our equity in microelectronic equipment to replace the equity of Bolong Optics. In this way, Bolong Optics or your Huijia Department has strengthened the control of microelectronic equipment, and the city has also ensured the preservation and appreciation of state-owned assets. ”

Fang Quping was not polite, and directly wanted the shares of Bolong Optics.

Hu Yang glanced at Fang Quping in surprise, this charismatic leader has a really good vision.

There is no doubt that as a holding company for microelectronic devices, the development of Bolong Optics will be guaranteed first. Coupled with the strong technical strength of Bolong Optics and the huge subsidies given by the state, there is no need to worry about the development funds in the next ten years.

So, did Fang Quping come to take advantage?

The same cannot be said of the words.

On the one hand, the proportion of equity replacement still needs in-depth negotiations, and a discount is necessary. On the other hand, the state-owned assets of Modu withdrew from microelectronic equipment, and Huijia was "one share", which can be easier to plan in the future.

Actually, Populus euphratica has always had an idea. That is, in the future, Bolong optical and microelectronic equipment will definitely do industrial segmentation.

After digesting and absorbing all the technologies of microelectronic equipment in the field of high-end lithography machines, the integration of personnel and technical forces is inevitable.

"I will seriously consider this proposal of yours. In addition, such a big matter also needs to be discussed within the company. Well, whether it works out or not, I'll give you an answer in a week. ”

Hu Yang basically agreed with the plan proposed by Fang Quping in his heart, but he did not express his position on the spot, because it was related to Bolong Optics, and he still needed to discuss it with other shareholders.

"Okay! I knew that Hu was always a happy person. Then I won't bother too much, and I will take my leave. ”

Fang Quping didn't say any words of thanks, it was not appropriate to say anything at this time, but he had a hunch that Hu Yang would finally agree to his plan.

In the afternoon, Hu Yang called Zhang Xiao, Dai Xiangjun, Li Qi and others to come to the company. He told a few people what Fang Quping thought today, and wanted to hear their opinions.

"Mr. Hu, I think it's a good thing. If it can really succeed, the shares held by Bolong Optics will exceed 50%. Coupled with the shares of Huijia International Investment, our shareholding in microelectronic equipment will exceed two-thirds. ”

What is the concept of more than two-thirds? That is to say, within the scope of laws and regulations, Huijia can do whatever it wants in microelectronic devices.

Therefore, Zhang Xiao's opinion is to agree to Fang Quping.

"Mr. Hu, I also think I can agree. However, the conditions for equity replacement may as well be set stricter, and we can't let others take advantage of it in vain, right?"

Dai Xiangjun has been told by Hu Yang several times, and now he is not as narrow as before. What he said is very reasonable, and the conditions for negotiation should naturally be set higher.

Li Qi did not say anything else, expressing his agreement with Zhang Xiao's opinion.

"Well, then, Mr. Zhang will inform Mr. Xu and ask him to propose a board meeting. ”

Within Bolong Optics, several major optical and mechanical institutes are not involved in the specific affairs of the company, and they are originally invested in technology, that is, they have no voting rights.

Beijing State-owned Assets has a board seat, and the entrepreneurial team represented by Dai Xiangjun has a board seat.

Dai Xiangjun is now completely on the side of Hu Yang, and his seat is basically from the Huijia family.

Therefore, it is not difficult to pass the matter at the board meeting, but the procedure to be followed. At the same time, this is also to do not want to let the state-owned assets in Beijing have any misunderstanding.

Two days later, the board meeting of Bolong Optics was held at the company's headquarters. This time, Hu Yang did not attend the meeting, and he has been in charge for a long time, and there will be no changes at all.

Sure enough, at the board meeting, the proposal for equity replacement was successfully passed. There is no opinion on the state-owned assets of the capital, and it is still the same sentence, the state-owned assets of the magic capital cannot be cheapened.

After the meeting, Xu Younian did not return to the capital immediately, but was in charge of negotiations with the state-owned assets of the magic capital.

After less than a week of grueling negotiations, the two sides finally reached an agreement.

"Mr. Hu, don't you know, the negotiators in the magic capital are really not simple. These days, they have proposed at least ten or more accounting schemes, each of which requires more than 10% of the shares in Bolong Optics. ”

After Xu Younian signed the agreement with the Demon Capital, he came to Hu Yang's office.

There is a negotiation team on the side of the Demon Capital, and Fang Quping often goes into battle in person, and the negotiation between the two sides has a strong smell of gunpowder from the beginning.

However, the situation is stronger than people. If Director You had actively supported the merger and reorganization plan proposed by Hu Yang, they would have gained much greater benefits from Bolong Optics than they do now.

Now, Huijia has completed the absolute control of microelectronic equipment, and there are not too many chips in the magic capital.

In the end, Modu agreed to replace all the equity of microelectronic equipment in its hands with 8% of the equity of Bolong Optics.

After the signing of the agreement, Bolong Optics' stake in microelectronic equipment increased to 390 million shares, accounting for 63.11% of the shares. If you add the 80 million shares held by Huijia International Investment, the shares held by Huijia as a whole are 470 million shares, accounting for 76.05% of the shares.

So far, Huijia has completely mastered the microelectronic equipment in the palm of its hand.

"Mr. Xu, I think that in the future, Bolong optical and microelectronic equipment still have to do a division of labor. Bolong Optics focuses on the production of high-end optical devices.

Microelectronic equipment, on the other hand, focuses on the production of low-end lithography equipment. In the future, the low-end lithography equipment (assets and personnel) of Bolong Optics can be transferred to them.

As for high-end lithography machines, both companies now have production capacity, so let's do it for the time being. ”

Hu Yang plans to integrate the basic business of the two companies first, and in the future, Bolong Optics will no longer produce low-end lithography equipment, but all of them will be transferred to microelectronic equipment, so as to form a scale advantage.

The current production capacity of high-end lithography machines has not yet reached the ideal state, and Xintong International and Charm Semiconductor are waiting for the supply of equipment, so the two companies must produce at full capacity together.

However, in the future, the production capacity of high-end lithography machines will slowly migrate to Bolong Optics, which is a trend decided by Populus euphratica, and no one can stop it.

"It's not easy to think about it, when Mr. Hu said that you wanted to acquire microelectronic equipment, we were not very optimistic. It's not a matter of strength, it's given the unique shareholding structure of the other party.

Unexpectedly, it only took less than half a year for the microelectronic equipment to be included in our pocket. Now that the matter has been completed, I plan to return to the capital tomorrow. ”

In the future, Beijing will be an important production and R&D base of Bolong Optics, and the joint laboratory established together with microelectronic equipment will also be placed there.

Xu Younian was more familiar with the situation in the capital, so most of the time, he stayed there.

Dai Xiangjun is the company's vice president and technical director, and he will stay in Beijing for most of the future.

There is CEO Zhang Xiao in charge of the magic capital, and Li Qi is in charge of microelectronic equipment, and such a staffing can be described as strong.

After Xu Younian left the magic capital, Hu Yang also prepared to return to the deep sea.

This time he stayed in the magic capital for so long, although it did not affect the operation of the company, he also wanted to move his nest.

At present, the overall situation of Bolong optical and microelectronic equipment has been decided. The domestic high-end lithography machine is still stuck in the 45nm process for the time being, and it will indeed take longer to go further.

As for EUV (extreme violet lithography machine), Bolong Optics is still in the pre-research stage. There are countless technical difficulties waiting for them to overcome in the future, and it is basically impossible to catch up with ASML in the short term.

But Populus euphratica's efforts during this period have paid off enormously.

The first point is to solve the problem of lithography machine supply for Xintong International and Charm Semiconductor. At least in the mainstream process (which is also the most advanced process at the moment), Huijia will not be stuck.

Many people look down on domestic equipment, and they have many reasons, such as backward technology, slow technology update, and so on.

In Hu Yang's view, these people are often not people in the field of production. Because they don't understand at all, it is the right choice to solve the problem of whether there is a problem first, and then solve the problem of whether it is good or not.

It is precisely because of the microelectronic equipment and Bolong Optics that ASML's 45nm process lithography machine can be ordered at will, and the delivery time is still very fast.

This is the pressure of competition, otherwise, it is very difficult for domestic enterprises to buy advanced lithography equipment.

What's more, Hu Yang has been in the magic capital for so long, and finally integrated the advantages of microelectronics and Bolong optics.

In this way, the development of domestic high-end lithography equipment will be greatly accelerated, so as not to be manipulated by the domestic semiconductor industry in this area.

The suppression of microelectronic devices in North America has not yet failed completely, at least it has not achieved the expected results.

Bolong Optics and Microelectronics, with access to Nikon's objective lens technology, was only a matter of time before it developed its own objective lens.

This process will be very fast, because Bolong Optics includes several top optical and mechanical institutes in China, and it already has technical reserves. Now it is only necessary to carry out certain upgrades on this basis, and it will not take more than three months at most, and the results will be produced.

This problem has been solved, and several technologies that are subject to North America have also begun to enter the research and development stage. Some parts that involve high-end machinery can be imported from Germany, and there are no restrictions on them.

Coupled with Nikon's supply, it can be said that microelectronics and Bolong Optics have completed the restructuring of the supply chain.

"Assistant Wu, apply for a route, let's prepare to return to the deep sea. ”

Hu Yang sat in the office and carefully sorted out the problems related to lithography equipment, and found that as long as it can develop normally, there will be no problems with domestic high-end lithography equipment.

What about the suppression in North America? They feel that it is the death hole of the Huijia system, but in fact, there is no suppression of Charm Semiconductor, which makes Hu Yanglai uncomfortable.

Again, the market for high-end lithography equipment is very narrow, and it is often invested heavily but cannot get the corresponding benefits.

It's not that some things can't be made, if you don't care about the cost and are not afraid of difficulties like Huijia, there is always a way to think of it.

Why does Huijia dare to do this? It is because the semiconductor industry chain of Huijia has almost formed a closed loop.

The high-end lithography machines produced by Bolong Optics and Microelectronics can be sold to Xintong International and Charm Semiconductor.

Today's situation is that although the two companies are producing at full capacity, the production capacity within a year is still unable to meet the needs of Xintong International and Charm Semiconductor.

Meng Rusong has already said hello, and this year he still has to import some high-end lithography machines from ASML, otherwise it will affect the company's production and operation.

Charm Semiconductor is the same, the newly built factories have successively arrived at the node of equipment installation and commissioning, and they are all waiting for the rice to be cooked.

Three days later, Hu Yang, Tian Sichun, Xiao Yifei, and some of their entourage returned to the deep sea on a business jet.

This time, there were more people, and some of them returned by civil aviation.

Coming out of the airport, Hu Yang and Tian Sichun took their son directly back home. As soon as he entered, the little one seemed very excited, maybe he still liked the place.

"Are you going to work today? Do you want to take a day off?"

During this time, Populus euphratica did lose some weight. The acquisition of microelectronic devices seems to be uneventful on the surface, but few people can see the danger inside.

If the microelectronic equipment is lost, it will definitely be an immeasurable loss for Huijia. The loss is not only about half a year, but also the cornerstone of many small technologies. Without these cornerstones, Bolong Optics can also achieve mass production of high-end lithography machines in half a year. However, due to the lack of a solid foundation, this will be very detrimental to future development.

Hu Yang pursues the localization of high-end lithography equipment, and is not only satisfied with being usable, but also has always thought that it should be easy to use and reach the world-class level.

Hearing Tian Sichun's question, Hu Yang smiled: "I'll have lunch soon, I want to rest for a while after eating." Let's go to the company in the afternoon, after all, I have been away for too long. ”

"You're always idle. Okay, go wash your hands and eat, I'm too lazy to care about you. ”

Tian Sichun smiled helplessly, knowing that his man was an idle character. But if you think about it, you can understand that Huijia has developed to the present, and it has become a behemoth. As the helmsman of the Huijia system, it would be wrong if Hu Yang was very idle.

In fact, Hu Yang has delegated power to his subordinates as much as possible, like Xu Younian, Xia Bing, Mu Shaoqing, Yan Hanzhang and others, who can completely stand alone.

Otherwise, he would be much busier than he is now.

"Mr. Hu, Mr. Chen of Stubborn Stone Technology is here. ”

Sitting at the table to eat, before half of the meal was eaten, Hu Yang saw Chen Jialin who walked in behind Wu Xinhui.

Chen Jialin is a special existence, not only does he not need to call in advance to go to Hu Yang's office, but even when he goes to Hu Yang's house, he also comes as soon as he says.

"Chen Shao, have you eaten? If you haven't eaten, you can eat something here. ”

Hu Yang beckoned casually and motioned for Chen Jialin to sit down. They are good friends to a greater extent than partners.