"Richard didn't even wear a suit, just a work shirt and an old gray sweater, like a missionary, and his desk was a bargain made up of three plywoods. He said that he has a grand dream of Chinese semiconductors, and he has to completely dedicate himself to this dream, as if he can even sacrifice his life, this person does not do this to make money, this is the most terrible. ”

This content is the original words that a friend said to media reporters after visiting Zhang Rujing in the mainland at the beginning of SMIC's establishment.

When Song Weiyang saw Zhang Rujing, he was not so "down-and-out", but wore a brand-new suit and leather shoes. Since today is the inauguration ceremony of SMIC's first factory, the leaders of the city will also come to participate in the ribbon-cutting event, and they must show solemnity and joy.

Song Weiyang did not participate in the ribbon cutting, he only attended as a guest of honor, and at the end of the ceremony, he congratulated the ceremony: "First of all, I would like to congratulate SMIC on the completion of Fab 1, which is a major event in China's semiconductor industry. Thanks to Mr. Zhang Rujing, he not only brought more than 300 bending engineers, but also persuaded his American wife and 90-year-old mother to move the whole family to the mainland. Mr. Zhang made up his mind to start a career in Chinese mainland, which is fundamentally different from other businessmen's investment in China. Other investors come to the mainland to do business, but Mr. Zhang really wants to do business. I admire people who concentrate on their careers, and I also like to make friends with people who do careers, and I wish Mr. Zhang great success in his career!"

"Bang Bang!"

In a burst of applause, the big leaders of the city said with a smile: "Boss Song said very well, whether it is business or business, as long as you are willing to invest in China, as long as you abide by Chinese laws, Shenghai will open the door to welcome and create a good policy environment for enterprises." At SMIC, which was founded by Mr. Zhang, the Shenghai government will provide the most favorable local policies under the preferential policies of the state. Support the development of SMIC, support the development of China's semiconductor industry, and strive to bring China's chip processing to a new level!"

"Thank you to the leaders and Mr. Song for their support and congratulations," Zhang Rujing took the microphone amid applause, "Fifty-three years ago, my father took more than 200 young metallurgical apprentices from the mainland. The parents of these apprentices, like orphans, begged my father to take care of their children. Since then, my father has been the patriarch of more than 200 children, helping them to start a family, and my father has been a witness to each child's marriage. When I was working at Texas Instruments, I built chip factories all over the world, and once when I came home, my father asked me, 'When are you going to build a factory in the mainland?' I always wanted to come back, and I wanted to go back to the mainland four years ago, but the political situation at that time didn't allow it. I founded Shida Semiconductor in Wanwan, and I have already made a plan to build a factory, the first and second factories are built in Wanwan, and the third to tenth factories are all located in the mainland. It's a pity that this plan ran aground, and I myself left Shida Semiconductor. Back then, my father took his family and more than 200 apprentices to bend, and now, I bring my family and more than 300 bend engineers back, it is like a half-century-long reincarnation, I have fulfilled my father's last wish, I will take root here, pursue a grand dream of Chinese semiconductors!"

"Bang Bang!"

The audience applauded.

In the subsequent interview, the reporter also specially picked a good side to ask, and the atmosphere was warm and joyful.

But there is still a short eye, a financial reporter suddenly said: "Mr. Zhang, the global chip industry was booming last year, but the market took a sharp turn at the beginning of this year. China's largest chip manufacturing companies, Shougang, Huajing, and Huahong's first-quarter financial reports all show that their chip manufacturing projects are losing money significantly. Take Huahong as an example, it was only announced that it was officially put into production last year, and the annual profit reached 516 million yuan. And this year, Huahong had a net loss of more than 200 million yuan in the first quarter. Why did Mr. Zhang choose to build the factory at the worst time in the industry, and how can you ensure that SMIC can make a profit?"

In the face of this kind of troublemaking reporters, the leaders of the city were very unhappy, and no matter how deep the city government was, they showed a gloomy expression.

Zhang Rujing smiled slightly and kicked the ball to Song Weiyang: "When I was in the United States, I was familiar with Mr. Song's name. Mr. Song is a master of doing business, and he may wish to answer this question. ”

Song Weiyang cocked Erlang's legs out of tune, leaned on the iron leather chair, tilted his head and asked the reporter: "Do you know that the more recessionary many industries are, the more investment should be increased?"

"Why?" the reporter asked.

Song Weiyang said: "It depends on whether you want to make quick money or want to make a long-term layout. In the mid-90s, China's beverage industry was developing rapidly, but Xifeng's expansion chose to be steady, and many companies that expanded too fast were dead. In the past two or three years, China's exports have declined, domestic demand is seriously insufficient, and related manufacturing industries are in mourning. However, at this time, Xifeng Company is making rapid progress and continuously increasing its investment at home and abroad. As a result, the companies that had been steadily building in the previous two years were dead or half-dead, but Xifeng developed rapidly because it threw money at the industry downturn. ”

The city leader was also interested in this question and took the initiative to ask: "Boss Song can explain it to you in detail." ”

Song Weiyang said with a smile: "The leftover is king, and the rest is left." In fact, the reason is very simple, the industry is sluggish, and everyone is losing money or not making money. At this time, the cost of expansion is the lowest, as long as you choose the right development route, you can get through it to a higher level. The same is true for the Internet industry, a few years ago, when it was at its most prosperous, I only invested a small amount of money, and I didn't follow the trend to smash all my family into it. Now the Internet is half dead, but I am increasing investment, from last year to now, I have invested tens of millions of yuan, and this year will invest another one or two hundred million. ”

The reporter was still unconvinced: "Chip manufacturing belongs to the cutting-edge technology industry, and China's general environment is also unstable, can it be the same as making drinks and making the Internet?"

Song Weiyang did not answer, but said to Zhang Rujing with a smile: "I am a layman in chip manufacturing, Mr. Zhang will elaborate." ”

Zhang Rujing's tone was unhurried, and he said: "15 years ago, Samsung had a new product on the market, but it encountered a trough in the global semiconductor industry, and the price of memory plummeted by more than 90%, from $4 to 30 cents per piece, while the production cost of Samsung's memory was $1.3 at that time. This means that for every piece of memory sold, Samsung will definitely lose $1. At that time, Intel opted out of memory manufacturing, and companies such as NEC and Hitachi slashed spending, shutting down production lines and reducing R&D investment. However, Samsung is losing more and more investment, frantically increasing R&D technology and continuously expanding production capacity. In one year, Samsung Electronics lost $300 million and lost all its share capital, relying on government loans and blood transfusions from other Samsung Group companies. Another year has passed, Samsung Electronics has survived, and its influence in the industry has skyrocketed, but it is still not as good as some Japanese benzene giants. Another year passed, the global economy was sluggish, and the economic bubble burst in Japan. Other companies have cut production one after another, and Samsung has increased its investment despite losses, this time taking four years to become the world's largest memory manufacturer. ”

"Do you understand?" Song Weiyang said to reporters with a smile, "persistence is not necessarily victory, but failure is bound to fail." I am willing to accompany Mr. Zhang to gamble, now SMIC has 10 billion yuan of funds, and I will invest more after the loss of 10 billion, and I can accept the loss within 15 billion. ”

Zhang Rujing couldn't help laughing and applauded: "Mr. Song is so courageous!"

The reporters suddenly became excited, and they even thought of the title - "Song Weiyang is optimistic about the chip manufacturing industry and allows SMIC to lose 15 billion to seize the market".

"Boss Song, do you have that much money?" said one guy.

"Hahaha!" everyone laughed.

This is stubborn, how much money Song Weiyang has has been discussed from the people and the Internet until last year's CCTV awards ceremony.

Song Weiyang was also very cooperative, and said with a smile: "I can still afford to lose billions." ”

In 2019, there is a statistic that the number of "100 million households" in China has reached 110,000, and the popularity seems to be about to catch up with the "10,000 households" in the 80s. However, at the beginning of 2001, the net worth of "100 million yuan" was able to rank among the top 300 of China's rich list, and billions of yuan was unimaginable, and it directly entered the top 10 of the rich list.

Now Song Weiyang said that he can afford to lose billions, and if it is spread by the media, the effect is no different from "making a small goal of 100 million first".

A few years ago, the Ministry of Electronics of the People's Republic of China implemented the "909 Project" to vigorously develop the semiconductor industry, with a total investment of only 10 billion yuan. Huahong undertook this project, completed the construction of the factory in two years, and achieved an annual profit of more than 500 million yuan in two years, which was instantly praised by the domestic media.

But soon it will be a tragedy, due to the collapse of global chip demand, Huahong will lose nearly 1.4 billion yuan this year. The once popular domestic media, after Huahong released its year-end financial report, swarmed to criticize and accuse, and even said that "you can't afford to make chips just by throwing money". This is as if only Chinese companies are losing money, and foreign companies can make profits against the market, which is pure blind J8.

Sure enough, Song Weiyang was able to afford billions of arrogant words, and quickly became the focus of national public opinion, covering up the limelight of the completion of SMIC's No. 1 factory.

Ordinary people don't care about any chip factory, this thing is too far away from them. But everyone likes money, billions of dollars are unimaginably huge, and some media even deliberately add material to mislead readers to understand that Song Weiyang wants to take 15 billion to lose, as if SMIC is Song Weiyang's alone.

Public opinion was quickly divided into two factions, one group praised Song Weiyang for his courage and did not hesitate to bankrupt his family for the development of China's chips. Another faction criticized Song Weiyang, saying that with more than 10 billion yuan, it is better to provide more subsidies to poor areas to help the vast number of farmers increase production and income.

CCTV's "Dialogue" column even invited several celebrities to make a special program around this topic.

There are all kinds of jokes on the Internet, not saying that they are hundreds of thousands of dollars in minutes, but claiming that they can afford to lose billions. It's a pity that there are no emojis at this time, otherwise it will be more lively, and it is only a matter of time before Song Weiyang becomes a generation of terrier kings.