Chapter 648 Thunder, friend and foe are difficult to distinguish

Although Meng Rusong had been mentally prepared for the suppression of North America, it was much earlier than he expected.

"Mr. Hu, the most critical issue now is the lithography machine. For the time being, we can't get rid of ASML's supply of equipment, especially after the 45nm node. ”

The previous theory was that the 10nm process could be reached by using the DUV (Deep Violet) lithography machine.

But in Populus euphratica's memory, ASML finally pushed this limit to 7nm.

After the advent of EUV (extreme violet) lithography machine, the process node started from 7nm, and when it came to 5nm, DUV was really powerless.

Today, there is no shortage of 45nm lithography machines from Xintong International, and ASML and microelectronic equipment are supplying him normally.

But devices after the 45nm node are in trouble.

Looking at the current situation of microelectronic equipment, the normal production of 45nm lithography machines has encountered great trouble, not to mention the future 28nm lithography machines and 14nm lithography machines.

North America's suppression of Xintong International still starts with equipment supply. Raw materials are temporarily worry-free, including large-size silicon wafers, photoresists, etc.

"Let's overcome the difficulties for the time being, and the research and development of the next generation process technology can be slowed down, and the potential of the existing 45nm process technology can continue to be explored.

The research and development of the whole machine on the side of Bolong Optics is going well, but in view of the suppression of microelectronic devices in North America, the company is also establishing a new supply chain.

However, no matter how fast the mass production time is, it will take about eight months. Mr. Meng, do you know the specific time when North America will implement this suppression plan?"

North America suddenly took a shot at Xintong International, completely disrupting the steps of Populus euphratica.

It really can't be done, so I can only buy microelectronic equipment in advance. So before making a move, he needs to know the exact timing of the announcement of this plan in North America.

"North America has always been extremely efficient in doing this kind of thing. As far as I know, when we get up from sleep, there should be news to be announced. ”

According to the time difference between the two sides, the North American side should announce the news around 1 p.m.

Although Meng Rusong did not say it explicitly, he should have a great deal of confidence.

"Mr. Meng, don't do anything now. Let's have two drinks, and then you go back to sleep. An extraordinary meeting will be held tomorrow afternoon to inform all the directors to be present, and we will discuss how to deal with it. ”

Hu Yang did not mention the acquisition of microelectronic equipment, and now the matter has become very complicated. Not only is the company facing crackdown in North America, but RB Nikon is also on the sidelines.

Therefore, he only has one chance to make a shot, and he must be steady and ruthless.

Following.

The first thing Hu Yang did when he arrived at the company was to ask Yu Hongbo to come over quickly.

Without any suspense, at noon local time in North America, the other party announced measures to suppress microelectronic devices.

Including technical cooperation, technology licensing, parts supply, etc., North America will be stopped, and no North American enterprises will be allowed to make exceptions.

What is strange is that Meng Rusong clearly said that Xintong International would be implicated, but judging from the information announced, he did not mention it at all.

However, there are many true and false reports in the media in North America.

"Boss, such a big bad news has been cashed in, and the stock price of microelectronic equipment fell directly as soon as it opened. Looking at this trend, it may even fall to around 10 yuan. ”

Yu Hongbo collected the market's reaction in the morning, and now the market is wailing. The opening limit shows that all kinds of capital in the market are fleeing.

"Old Yu, inform your team to keep an eye on microelectronics. From now on, it is ready to implement the acquisition program for microelectronic devices.

The first step, of course, is to buy the outstanding shares from the secondary market. You are responsible for this matter, as long as the stock price of microelectronic equipment falls below 12 yuan, it will start to enter the market. ”

Hu Yang looked at Yu Hongbo and gave an order directly.

However, he only said the first step, and the second step was not mentioned for the time being.

"Okay, I see. In addition, Xintong International was affected by market rumors, and there was also a big drop after the opening today. Before I left, Chiplink's stock price had fallen by 4%. ”

Thanks to the news about Xintong International, it is unconfirmed, otherwise it would have fallen very badly today.

Hu Yang doesn't know why the suppression plan against Xintong International has been postponed, but there is nothing to be happy about, it's like a person has a sword hanging over his head all the time, how can you do things with peace of mind?

After Hong Bo left the office, Hu Yang began to deal with his daily work. Just after ten o'clock, Zhang Xiao hurried over.

"Mr. Hu, microelectronic equipment is probably in a catastrophe. The North American side is moving too fast, and Li Dong and they don't have time to restructure the supply chain. ”

As soon as Zhang Xiao entered the door, he snorted angrily. In any case, he has put too much effort into microelectronic devices, and even if he has resigned and left, he is still very uncomfortable.

Li Qi has done his best, but due to the short time, let alone reconstructing the supply chain, even the reserves of raw materials and parts are far from meeting expectations.

According to Zhang Xiao's estimates, the microelectronic equipment has solved the reserve inventory for up to 3 months during this period, which is far from the target of the one-year reserve of other doors.

"Mr. Zhang, the crisis is a crisis, and there is an opportunity in the crisis. I have officially launched the acquisition of microelectronic equipment, and I will not back down on this matter, no matter how difficult it is. ”

Hu Yang stood up, waving his right hand as he spoke, as if trying to strengthen his resolve with his body movements.

Zhang Xiao rarely saw Hu Yang so excited, which shows that this matter also has a very significant impact on the entire Huijia system.

"Has the acquisition plan officially begun? That's really great! Mr. Hu, what do you need me to do? Just say, no matter how difficult it is, I will do it. ”

Zhang Xiao was also infected by Hu Yang's emotions, and he almost made a military order.

"Well, then I'll leave it at that. You go talk to the minority shareholders of the company, and I am willing to buy their shares at twice the net worth of the company. ”

The shareholding ratio of the company's minority shareholders is very low, which cannot determine the general trend. But Populus euphratica feels that flies and mosquitoes are all meat, and the role of critical moments should not be underestimated.

Zhang Xiaoleng paused, those small shareholders held a total of 6.6 million shares of microelectronic equipment.

However, he didn't say anything in the end and immediately started calling.

"Mr. Hu, a few of them agreed to meet, and I will go to see them one by one now. I don't think there's a problem, it's their luck to buy their shares now at twice their net worth. ”

After the dilution of the listing, the company's net assets per share are about 22 yuan.

According to the current trend of the market, it is a high probability event that the stock price continues to fall to the limit. Not to mention 22 yuan, the company's stock price can't even keep 10 yuan.

Zhang Xiao said to leave, and immediately left the International Building.

However, the first negotiation with these small shareholders was not very smooth, and the other party still had a trace of illusions. It's just that in the next three days, the microelectronic equipment fell three times in a row, which made these guys completely dead.

They soon signed an equity transfer agreement with Bolong Optics, and the company still needs to hold a board meeting to take effect of the agreement, at least with the consent of Modu State-owned Assets.

Regarding the proposal put forward by Hu Yang, Director You was noncommittal. Anyway, he didn't have the idea of trying his best to stop it, because the shareholding ratio of those small shareholders was really low, and it didn't affect the overall situation at all.

Yang Hu thought about it for a long time and did not object. The reason is similar to Director You, but more importantly, it is useless for his family to oppose it.

The current shareholding structure of microelectronics is so interesting that no major shareholder can decide the company's major affairs, unless the two companies join forces.

"Then thank you, directors!"

In the minutes of the board of directors, Hu Yang and others signed their names.

Huitou Company issued an announcement, and this equity transfer agreement officially took effect. Then the payment should be made, and the change procedure can be done.

There is only one item on the agenda for today's meeting, and since the bill has been passed, Director You and Hu Yang said hello, stood up and left.

He has been very upset lately, and he is often criticized for meetings in the city.

Especially in recent days, the stock price of microelectronic equipment has fallen miserably, and production and operation have encountered unprecedented difficulties.

Director You basically lost hope in the company, and he has begun to look for a way back.

"Mr. Hu, please stay, do you have time to chat?"

Hu Yang also got up to leave, and as soon as he walked to the door of the conference room, he heard Yang Hu calling him.

Hu Yang stopped, turned his head to look at Yang Hu, and turned back to his previous seat.

"Mr. Yang, do you have any advice......?"

Yang Hu smiled and said:

"Mr. Hu doesn't need to be so guarded against me, we are a comrade-in-arms in the trench at the moment, aren't we? I ask you to stay a little longer because I want to discuss something with you. ”

"If it's a matter of discussing, if it's a transfer of your equity to Nikon, then there's no need to mention it. Not only will I not agree to this matter, Director You will not agree, and even the regulatory authorities will not agree. ”

Hu Yang nodded, his tone was very calm, but his attitude was very resolute.

"Mr. Hu, where do you want to go? Summit Capital has given up its previous equity transfer plan. I understand what you're saying, why should I be stubborn when something can't succeed?"

Yang Hu shook his head with a smile, saying that it was not about equity transfer.

In the past few days, he and Wu Zunyou have also been moving around, but the information they have fed back is very bad, just like Hu Yang said, no one will allow the sale of microelectronic equipment to foreign capital.

You must know that microelectronic equipment is the first manufacturer in China to develop a high-end lithography machine, although the technology at that time is relatively backward, but this achievement can not be erased.

Now, microelectronics are experiencing great difficulties, but that doesn't mean the company doesn't have value.

Although Peak Capital is not famous, it is a real financial predator in China. When Yang Hu and Wu Zunyou returned to rationality, they could naturally make objective judgments.

Hu Yang felt strange when he heard him say this. It's not a matter of equity transfer, what else is there to talk about between us?

It's just that Yang Hu is right in what he said.

At present, the key difficulty lies in the survival of the enterprise, and any grievances between major shareholders should be restrained.

"Mr. Yang, please speak directly if you have something to say. ”

Hu Yang didn't want to go around in circles with him, and everyone's time was precious now.

Nikon wants to make a deal with microelectronics, or to be precise, to exchange technology. They want to get the company's dual-workbench technology, and what technology the company needs can come up with.

In addition, Nikon also said that they can help the company restructure the supply chain, and some key components, in addition to North America and Germany, they also have alternative products. ”

The expression on Yang Hu's face suddenly became very serious, this matter is very important to Summit Capital. He and Wu Zunyou spent a lot of energy to perfect this plan, and what they were most worried about was the obstruction of Populus euphratica.

Therefore, Yang Hu first talked to Hu Yang about this matter, and Director You's side was at the back.

Hu Yang pondered for a moment, and at first he thought that the other party had come to be a lobbyist to curry favor with Nikon. But when you think about it, it doesn't seem right either. Since Peak Capital's previous equity transfer plan is not likely to be implemented, what is the use of currying favor with Nikon?

"Mr. Yang, I don't understand too much, are you helping the other party matchmaking, or acting as the other party's agent?"

There is definitely a difference between matchmaking and surrogacy.

One is in the nature of helping, and the other is tied to the other party. The reason why Hu Yang asked this was to find out Yang Hu's true intentions.

"Mr. Hu, I know you don't trust me. But I really did this for the sake of the company, because the company collapsed, and the 10 billion yuan invested by our peak capital was also lost. Therefore, I have only one goal, that is, to pull up the company's stock price as soon as possible. ”

Yang Hu's words do not seem to be fake, they should be true.

Peak Capital invested in microelectronics in order to make excess profits, but the changes that followed greatly exceeded their expectations.

Now, Summit Capital's biggest goal is to reduce losses and then exit smoothly. It's an investment thing. Profit and loss are normal, but the necessary remedies are still available.

"Why don't you find Director You? Maybe he is easier to convince than me. ”

Hu Yang smiled slightly and asked a very nonsensical question.

But Yang Hu didn't dare to despise it, and thought for a long time before replying: "Director You is afraid that he will take the blame this time, he is now disheartened, how dare he get involved in this kind of thing? Therefore, I might as well come to you, as long as I can convince you, this matter will be done." ”

Populus Hu didn't squeak, habitually clapped his fingers lightly on the tabletop, and his mind was repeatedly weighing the pros and cons of this matter.

"Mr. Yang, I have to admit that your plan is very attractive. But what's in it for me? Don't say anything about the stock price going up, I'm also benefiting and so on, you know what I want! So, let's talk about it here today, and let's go back and think about it. ”

Populus euphratica needs time to evaluate the scheme, and Yang Hu needs to consider the conditions of Populus euphratica. Both of them understood and did not continue to entangle, and each left the microelectronic device.