Chapter 616 Fight for consumption, not taking the usual path

The 950 million outstanding shares repurchased by Charm Semiconductor have not been put on the books for a long time. Instead, after completing all the formalities, all of them were written off.

Previously, the total share capital of Charismatic Semiconductor was 26.1 billion shares. After the cancellation of 950 million outstanding shares, the company's total share capital became 25.15 billion shares.

In this share repurchase, Charm Semiconductor used a total of 2.47 billion yuan.

Many people know what the situation of today's charm semiconductor is, and everyone regards this huge investment in the repurchase of shares as a dying struggle of the company.

But then, Charm Semiconductor successively issued announcements saying:

The company will issue 20 billion yuan of corporate bonds and borrow 10 billion yuan from banks......

The 20 billion yuan corporate bond issued by the company has been fully subscribed by the high-tech venture capital fund......

The company's loan of 10 billion yuan has been approved and transferred to the account......

"I don't understand! You say, Charm Semiconductor has been suppressed by others and is about to run out of market, how can there be funds injected into it?"

"You don't understand this, do you? Charm Semiconductor is the core enterprise of Huijia. What does the Huijia system do? That is, the financial predators, and tens of billions of dollars can still be taken out. But it's a pity that so much money will eventually be wasted, and it's really better to save it in the bank. ”

It's really an incomprehensible operation, and the market has not given a positive response to the financing of Charm Semiconductor.

The stock price of Charm Semiconductor is still half-dead, oscillating around the price of 2.50 yuan.

Hong kong.

Li Kailong, Weber and others met again, everyone sat together and drank coffee, but the expression on their faces had an indescribable solemnity.

Although North America's suppression of charm semiconductors has achieved initial results, it has not helped Wesley (South China) in a dilemma.

What if Wesley wins the case in North America? After all, their hands are not that long, and they can't reach out at home.

Unhurried, Rock Technology refuted Wesley's and Fruit's ridiculous actions in the media. Unfair competition? That doesn't exist. Besides, if this matter is to be litigated, it should also be in China, right?

North America has nothing to say about this matter.

"Mr. Weber, in fact, we all know that suing Rock Technology in North America is a cover, and our purpose is to promote the suppression of Charm Semiconductor.

It stands to reason that Charm Semiconductor has been under so much pressure that Huijia should have compromised. But I tentatively contacted Chen Jialin's father, Chen Hao, and wanted the other party to come forward to persuade Hu Yang, but for some reason, Chen Hao has cut off contact with us. ”

Li Kailong, Weber and others have done so many things, and the ultimate goal is to keep Wesley's (South China) base.

In this regard, the interests of fruit companies are aligned with theirs.

However, the fruit company also has an idea, that is, it is better to make the charm electronics at the same time reduce some of the intensity of competition.

Therefore, while these people are fighting lawsuits in North America on the surface, they are secretly contributing to the suppression of Charm Semiconductor.

In their minds, the Huijia system will definitely be soft in the end.

Then, they can use a little relaxation of the suppression of charm semiconductors as a condition to force the backing down of Stubborn Rock Technology.

As for Liu Jia's matter, it was just a small means that couldn't be put on the table, and I didn't expect to gain much from it.

However, so far, several aspects have been launched, and the attitude of the Huijia department is still very tough. Not only has the pressing of Stubborn Stone Technology not stopped, but even Charm Electronics is also strengthening the market competition with fruit companies.

"Mr. Li, it seems that it is impossible for the Huijia family to make concessions so easily. Charm Semiconductor has just invested 30 billion yuan in funds, and it is estimated that it is going to resist hard!"

Weber already had a bad feeling that no matter when the Huijia system collapsed, there was a high probability that Wesley (South China) would collapse before others.

"Then what should we do? Do you want to find a way to continue lobbying North America and suppress a core company of the Huijia system? For example, like Xintong International, ......

Li Kailong is ready to work with Weber to promote the suppression of the Huijia system again, and this time, he has set his sights on Xintong International.

"Well, it's hard to say success or failure, I can only say give it a try. In addition, this matter has to be pulled to the fruit company, because they can also get a lot of benefits because they suppress the arrogance of the Huijia department. ”

Fruit Company has been at a disadvantage in the competition with Charm Electronics. If it weren't for the suppression of Charm Semiconductor, the products of Charm Electronics could not enter North America temporarily, and the fruit company would not be able to be defeated by others at home.

After the two sides agreed, Weber and the others took their leave and left.

Naturally, Weber was also in charge of the lobbying work in North America, and Li Kailong decided to continue to put pressure on the relevant parties in the mainland, asking the provincial department to hand over Liu Jia to the Xiangjiang side.

In fact, he himself knows that Hu Yang and Chen Jialin have already expressed their attitude in this matter, that is, they will not exchange personal interests with the interests of enterprises.

But Li Kailong did this to a large extent to vent his inner dissatisfaction.

Deep.

Liu Jia's matter has not yet been decided, Chen Jialin held his breath and continued to increase the pressure on Wesley (South China).

Charm Electronics is similar, in the domestic, peripheral and European markets, and fruit companies have launched a fierce battle.

Especially in the European market, Charm Electronics and Mingkang Communications teamed up to squeeze the market share of fruit companies, which caused a big headache for the management of fruit companies.

Fruit has lowered its earnings forecast for the fourth quarter and reduced some of its orders to Wesley (South China).

In view of this, Rock Technology continued to expand its market share.

And the large-scale factory established by Boulder Technology in Zhongyuan City directly released terrible production capacity, not to mention Wesley, even Hon Hai was envious.

At this time, Charm Semiconductor suddenly announced that the company intends to invest 19.5 billion yuan to build five new factories, which are located in Shenhai, Modu, Jianghan, HF and Rongcheng.

As soon as this announcement came out, there was an uproar in the market.

Including giants in the industry, such as S Star, they can't understand what Charm Semiconductor is going to do!

The current market for storage chips, including the price of flash memory and memory, is falling rapidly. Of course, there is an S star behind this, and at the same time, they have also considered countercyclical investment.

However, countercyclical investing is not something you can play with just money, you also need to have a sufficient market and a new generation of products to launch.

What does Charisma Semiconductor have?

It is undeniable that the technical level of Charm Semiconductor has improved by leaps and bounds in the past two years. Especially in the flash memory, at least it has caught up with the S star, and there is even a certain degree of overtaking.

However, there is no relatively relaxed development environment for Charm Semiconductor. The suppression in North America has caused Charm Semiconductor to lose many customers, and its market share is still shrinking.

In this case, Charm Semiconductor wants to invest in building a factory counter-cyclically, and it really doesn't know whether it is alive or dead.

According to the estimation of S Star, at most one year, the rising star of this memory chip is at risk of falling.

"That's a good thing!"

The senior management of S Star made an accurate judgment, and at the same time, it also terminated this round of countercyclical investment plans. They think very clearly, if they don't take this opportunity to pick up cheap, they will be sorry for themselves.

To put it bluntly, S Star plans to buy the other party's factory at a very low price when Charm Semiconductor can't hold on.

If the goal can be achieved, S Star can save tens of billions of construction costs.

When Hu Yang learned that S Star had suspended his investment plan, he immediately figured out what the other party was doing.

But he didn't care, if Charm Semiconductor was defeated like this, it would be too underestimating the overall strength of the Huijia system, right?

According to Hu Yang's own estimates, the latest generation of flash memory products of Charismatic Semiconductor can be mass-produced in three to six months at most. Breakthroughs have been made in R&D and we are at the forefront of technology from a technical point of view.

This time, the technological progress is not the planned 64-layer stacked flash memory, but the expansion of 32-layer stacking technology, which can be regarded as the N+1 generation in terms of technology.

However, the overall performance of the new product has been greatly improved, and the overall performance can actually be increased by 57%.

This is the first time that Charm Semiconductor is about to have world-leading technology, and Yang Chenglin and Takuya Sakamoto have basically lived in the Charm Research Institute recently.

"Mr. Yan, allocate another 1 billion yuan of R&D funds to the Charm Research Institute. Tell them that I need not only N+1 technology, but also 64-layer stacking technology. ”

The R&D work of the N+1 generation of 32-layer stacking technology is nearing completion, and Hu Yang asked Yan Hanzhang to invest a large amount of R&D funds again, in order to achieve the 64-layer stacking technology in the future.

"Mr. Hu, according to the technical roadmap, Mr. Yang and their next step was to study the N+2 generation. ”

Yan Hanzhang sat in Hu Yang's office and cautiously excused himself.

"No, no, there is no need to be so cautious, we should trust the technical strength of the Charm Research Institute. This matter is decided, after the N+1 generation, the 64-layer stacking technology will be directly developed. ”

Yan Hanzhang: The technology roadmap they determined before can't be said to be wrong. Sometimes running in small steps is a good strategy.

But this time is different from the past, and Charm Semiconductor is facing tremendous pressure in North America. If it doesn't stand out technically, then the company will have to be silent for at least five years.

Five years is not a sea of vicissitudes, but there are many things that will be different.

"Okay, I will personally go to the magic capital in the next two days and have a good talk with Mr. Yang and Mr. Takuya Sakamoto. ”

In fact, Yan Hanzhang said it nicely, and the technological progress of running in small steps was still his idea.

Yang Chenglin and Takuya Sakamoto would have been too late to be happy if they heard that the company was preparing to establish a 64-layer stacking technology.

However, Hu Yang didn't say anything, and sent Yan Hanzhang out in a few words.

Subsequently, Hu Yang asked Wu Xinhui to call Yu Hongbo.

"Old Yu, how is the stock price of Charm Semiconductor in the past two days?"

Hu Yang doesn't have time to stare at the computer every day, and he has a group of professionals under him, so he definitely doesn't have to do everything.

Yu Hongbo smiled bitterly and said, "Boss, it stands to reason that such a large investment should boost the confidence of the market." However, the company's share price is still hovering between $2.50 and $3.0. ”

"Oh, so the market doesn't buy it. Also, people nowadays are basically afraid of a certain super tiger, and it is estimated that most people are not optimistic about the future development of charm semiconductors. ”

After a little thought, Hu Yang understood the key to this.

Since most people think that the company can't withstand the suppression from North America, no matter how big the company's investment is, people will only think that it is just a return to the past.

"Okay, Lao Yu, you continue to stare at the point, and tell me immediately if there is any abnormality. ”

Populus euphratica is not in a hurry, and the issue of stock prices can wait.

It's just that after Yu Hongbo left, Liu Ying brought him not very good news.

"Mr. Hu, I have already analyzed the financial report of Charismatic Semiconductor. According to the current trend, the company should lose money in the fourth quarter. The specific amount of loss also depends on the price trend of memory chips. ”

For some time, the market for memory chips has continued to decline. S Star and MG are also ruthless characters, and they have actually hit the price near the cost line.

Fortunately, the production scale and production process of Charm Semiconductor are good. The production cost of each memory chip is not much higher than that of these giants.

"Hehe, it's still the same old trick, they are killing 3,000 people and losing 3,000 themselves. ”

The number of roads of giants such as S star can be described as simple and rude, and what they fight is consumption.

According to common sense, charm semiconductor is now an internal and external trouble, and fighting for consumption is similar to suicide.

However, Populus euphratica has its own plans.

Don't look at the funds of Charm Semiconductor are borrowed, at a critical moment, Hu Yang can extend the company's debt with a word.

It is 10 billion yuan borrowed from the bank, and if it is not repaid when it expires, you can also borrow new debts to repay old debts, and you only need to pay interest.

Therefore, the financial pressure of Charm Semiconductor is not as great as it seems from the outside world.

Besides, it's only a quarter's loss, and it's not enough for Charm Semiconductor to be treated specially. As long as you don't wear the ST hat, there will be a lot of room for poplar to maneuver.

Charm Semiconductor is implementing the plan step by step, and the production and operation situation is normal. And the strangulation against Wesley has also come to a critical moment.

If it is said that Charm Semiconductor will lose money soon, then Wesley (South China) not only continues to lose money, but also the magnitude of the loss is increasing.

In the hands of Chen Jialin, Stubborn Stone Technology has simply become a "god of war"-like existence. Even if the foundry fee is lower than Wesley's, the profit is higher than that of the other party.

There is no secret here, on the one hand, the scale of Rock Technology is much larger than Wesley. On the other hand, the management and technical level of Stubborn Stone Technology is also much higher than that of the other party.

This gap cannot be bridged in one or two years. Now, even if Hon Hai encounters Stubborn Rock Technology, it has to obediently give way.

On this day, Wesley held a meeting of Wesley's board of directors in Yangcheng.

The chairman of the meeting was the CEO from Wesley's headquarters, and Weber, the president of Dahua, was only sitting on the side.