Chapter 501: Investment and poaching
After listening to the ins and outs of Wu Zuhua, Liu Changgeng realized that he was really a little outdated, but he felt very excited.
Looking at the mainland, there is really no one who dares to compare with Zhongxin International, and it has killed all opponents in the chip industry in terms of investment alone!
He organized his thoughts, and said in response to the situation of his little junior brother: "Xiaohua, don't listen to your own people about this matter, find a senior analyst in a reliable fund engaged in technology venture capital, and then write this business plan with your middle and technical personnel, and then I will contact Mr. Zhang to see if there is a chance to hand it to Miss Annie." ”
"What you do is a big deal, but really from a commercial point of view, I personally am not optimistic that commercial promotion will be effective in the short term, to put it bluntly, in recent years, it is difficult for you to make money to support yourself, because the market simply does not have much space for you, I can't think of any market worthy of your vigorous investment, maybe except for the military industry, you have no big market gap to borrow. ”
Liu Changgeng's words made Wu Zuhua a little disapprove, but now there is no need to refute this senior brother's face, at least Senior Brother Liu is inviting professionals to do things Wu Zuhua agrees, compared with the support fund to be applied for, this consulting fee should be paid, so he nodded in approval.
...
Liu Ruoyi didn't expect that she would let off a shot at random, in addition to the emergence of a big fund, she also caused more troubles for herself.
No, there are more and more people pulling investment, although what she said that day was not in the news, but there were so many people present, and the number of people who knew that she was willing to spend money in the technology industry suddenly increased.
In the past, everyone only knew that Liu Ruoyi of Xiangjiang Dragon Factory was directly involved, and the affairs of Zhongxin International and Qimonda in the mainland had passed through other investment channels.
But after telling the matter in front of the big guy, more people know about it now.
According to legend, Liu Ruoyi alone can buy half of the mainstream companies in the semiconductor industry.
Of course, this is too exaggerated, among the head semiconductor companies, don't say that no one can afford to buy an old hundreds of billions of dollars big factory like Intel, that is, the rising star Qualcomm has begun to approach a market value of 100 billion dollars.
Not to mention the SS company that was created by the whole country. These are all super large companies unique to the cosmic country, at the level of national treasures, and money can't buy them.
Therefore, Liu Ruoyi could only smile bitterly after hearing this legend.
Anyway, gossip is always more interesting and emotional than the truth, and there is nothing to say about these, the mouth grows on others, as long as it is not slander, it is up to them.
However, for Liu Ruoyi, it is not just such a trouble, but there are too many people who want to come to the door to talk about investment, if it is not for the strict access control of the villa in Xiangjiang, I am afraid that there are all blocking the door, Rao is so, in Yongxiang Bank or Aurora Media, PCCW These office areas where Liu Ruoyi may haunt, from time to time some people wander around, trying to see Liu Ruoyi.
It's just that with Liu Ruoyi's current status, she doesn't want to see anyone, so it's really useless to be the chief executive.
Liu Changgeng is right through Zhang Rujin's way, and among the people who can be appointed at any time, in addition to the old relationships of Aurora Media, only a limited number of people such as PCCW executives, Yongxiang Bank executives and cornerstone investment executives can be seen.
However, there is still a bit of a distance between Liu Changgeng and President Zhang, and this report went around and around for nearly half a month before it reached Liu Ruoyi's hands.
The report is very fine, it can be seen that it is written by very professional people, in addition to the Word detailed version of the long report, there is also a more than 20 pages of PPT summary version.
The market of 100 billion yuan, the potential of 10 billion yuan, the possibility of becoming the world's third general-purpose processor chip in the next ten years, after the dog is deeply excavated by a senior analyst of an investment bank, it is a beautiful tomorrow that makes people boil.
But when Liu Ruoyi looked at this road, she knew that this was a pure dream startup.
Of course, she knows that now the popularity of this time and space is just that, and basically rarely appears in front of the mass media.
But in the time and space before Liu Ruoyi traveled back, this is an Internet celebrity-level thing that has been mentioned repeatedly.
It's a pity that Internet celebrities are Internet celebrities, and when it comes to market prospects, Liu Ruoyi can only hehe.
Liu Ruoyi threw it aside. In her opinion, this is a sinkhole.
Compared with Zhongxin International, it is a big sinkhole.
The general-purpose processor market can no longer accommodate the third one, and for this reason, in Liu Ruoyi's memory, there have been many general-purpose processors that have proved this with bloody lessons.
So even if Liu Ruoyi is willing to throw money into this sinkhole, he will still die in the pit, no matter how much he smashes, there will be more than Intel, which is still in full swing, with AMD's toughness, the so-called drama of love and killing each other is nothing more than to give Intel a fig leaf.
If you really want to kill AMD, Intel doesn't need to use any brains, just change the way of squeezing toothpaste to a different rhythm, and AMD will soon be in ashes.
It's a pity that Liu Ruoyi knows that no matter how weak AMD is, it will not hand over the controlling stake to Oriental Capital, even if it is her capital acquisition in the United States, it will definitely be rejected after being confirmed by the third generation of Cha.
There are some things that must not be for sale.
Otherwise, with Liu Ruoyi's financial resources, winning AMD, and cooperating with the rapid progress of the process of the Xiangjiang Dragon factory, Intel will really encounter a big trouble.
The reason is very simple, the difference between AMD and Intel is that you can just change the motherboard, everything else can basically be the same, the operating system, storage, peripherals, all kinds of computer applications run the same.
But the dog surplus is different, almost none of the above, this is a huge ecological chain built up over decades at the expense of hundreds of billions of dollars.
Now I'm afraid that even Intel itself will not be able to overthrow this system.
Therefore, Liu Ruoyi can't afford to provoke the general-purpose processor, and he doesn't want to provoke it now. Being able to absorb and digest the reservoir well is already a very accomplishment for her.
You know, this thing accounts for more than one-third of semiconductors!
Eating Qimonda is only the first step, and then the establishment of unprecedented storage capacity in the mainland, this is the second step, the third step is how to achieve the world's first technology research and development, and successfully transferred to the hands of the Chinese in Xiangjiang, so that it really stands at the peak of storage.
Otherwise, one day the wind and grass will be stuck, and Liu Ruoyi's huge production capacity will be maintained for 3 years at most, and then it will be eliminated from the rivers and lakes of storage.
This matter is like an inconspicuous little thing for Liu Ruoyi, but for Wu Zuhua, who has great hopes, this is indeed a road to heaven that he has found for Gouyu, so he has been paying attention to it.
There was no movement for a week, and he endured it.
There was no movement for two weeks, and Wu Zuhua was a little panicked. He urged Liu Changgeng to ask about the situation, and the matter came to Zhang Rujin again.
However, Zhang Rujin happened to have an important matter to discuss with Liu Ruoyi, and after listening to this request from his subordinates, he was ready to ask together.
...
Seeing Zhang Rujin coming, "Uncle Jin, why are you free today?" Liu Ruoyi thought that after getting acquainted, Liu Ruoyi's name for Zhang Rujin also changed, and Mr. Zhang was obviously a little unfamiliar, so he simply called Uncle Jin according to the habit of Xiangjiang.
At first, Zhang Rujin didn't quite agree, after all, now Liu Ruoyi is the chairman of the board of directors, and he is the president.
But Liu Ruoyi didn't care, she shouted like this a few times as usual, and then she was satisfied.
"Annie, I came here today because I have something more important and needs to communicate with you in person. Zhang Rujin got straight to the point.
"There is something going on inside the R&D of our competitors, according to our news, the No. 2 technical backbone may leave, but instead of choosing us, he is going to go to SS company, I want to go back to the island and talk to him about pulling to the dragon factory. ”
"This person has a set of skills, but it is not easy to get along with the interpersonal relationship, so after failing to fight for the top position on the side of the friend, he was very excluded. ”
"Uncle Jin, you can completely solve this matter by yourself, why do you still have a special trip. Liu Ruoyi is very strange, she handed over all aspects of management authority such as personnel rights to Zhang Rujin.
In addition to the approval of large investments, which she now holds in her hands, Zhang Rujin is basically the emperor of the Dragon Factory and has authority.
"This man has a strong sense of ambition, and I want to convince him with the position of Vice President of Technology. Zhang Rujin said succinctly.
This is a high-level position, without Liu Ruoyi's approval, the high-ranking and powerful Zhang Rujin is not good at dictating, Liu Ruoyi is willing to delegate power is one thing, and it is not enough to do it yourself.
What's more, there are no airborne executives on the side of Zhongxin International Xiangjiang Factory, which is also a thing that breaks the convention.
"No problem, since this person is a must-have technical talent, everything can be made exceptions. Liu Ruoyi clapped his head.
"Whether it's a position or an option, you can do special things, if Uncle Jin doesn't have enough options in his hand, you can also find me, and we can open up a second option pool." ”
Zhang Rujin shook his head, "Enough, enough, now I have more in my hand, after our second financing, although the proportion of shares has shrunk a lot, but the gold content has come up, the original option pool worth nearly 10 billion Hong Kong dollars, now the tide is rising, it is said that the price is as high as 15 billion Hong Kong dollars." ”
Zhang Rujin looked at the interests relatively lightly, but Liu Ruoyi still listened to what he said before, and registered an offshore company in the Cayman Islands to put the management option pool of the Xiangjiang Dragon Factory into it.
It is precisely by relying on this that the core technical backbone and management of the dragon factory will be quickly done externally, without shaking the foundation of the mainland Zhongxin International, otherwise with the rapid development of the production capacity of the mainland Zhongxin International, there will be no corresponding management talents staring.
Although Zhongxin International is still losing money, it has surpassed the old rivals of Liandian Lianxing on the island and has become a well-deserved second in the Chinese circle.
"That's good, I'll listen to the good news. Liu Ruoyi said with a smile, in fact, there is no intuitive concept of this talent in Zhang Rujin's mouth.
Anyway, the 45nm yield of the Dragon factory has now risen, and the breakeven has been achieved for this production line alone.
But now Liu Ruoyi is not just trying to break even, but desperately trying to get the latest technology of the highest friend, so he spends a lot of money on the 32nm process technology and the next 28nm process.
After hard work, the 32nm process has basically entered the tape-out test period, but the R&D results of Zhang Rujin's initial evaluation are not optimistic, and the success rate of tape-out may be very high, but the improvement of yield may be a big problem.
On 45nm, the yield improvement was nearly half a year later than planned, so Zhang Rujin gritted his teeth and suffered the loss caused by the yield for Qualcomm and Broadcom, and did not pass on the loss of low yield.
In this way, the mainstream products of these two customers were kept in the Dragon factory. Anyway, for them, the OEM cost is five percent lower than that of the friends of the Dragon factory, and they can still get the same qualified product, so a fool would not dare to do this kind of thing.
Therefore, although the friends of the Dragon Factory can obviously produce with better yield and lower production costs, the friends cannot afford the loss of price reductions caused by the price reduction of Qualcomm and Broadcom.
Now there are only two 45nm production lines running in the Dragon factory, and they have as many as seven or eight of them, all of which have reduced prices, which is much greater than the loss of these two customers!
Anyone can calculate this account.
So they sit and wait for the dragon factory to can't stand the loss, low price and lower yield, the dragon factory will definitely make a loss, and friends will see how long the bloody competition of the dragon factory can last!
Of course, this time they all underestimated Liu Ruoyi's courage.
If it was Zhang Rujin from the previous time and space, he really didn't have the capital to bear this kind of bloodletting competition of killing 800 enemies and losing 3,000 by himself.
However, Liu Ruoyi made it very clear to him that if the operation of the production line is conducive to the rapid improvement of yield, then there is no fear of loss, everything is considered by technological improvement, and profit assessment indicators will not be set up within 5 years.
There is only one basis for everyone to pay bonuses, how to narrow the technical gap with friends on the basis of cost control!
To put it simply, what Liu Ruoyi wants is a production line with the same process established by a friend, and the cost per 10,000 pieces of production capacity is lower than that of a friend.
For example, if the competitor of the 45nm process production line has a monthly production capacity of 1.5 billion US dollars and 50,000 pieces, then the same production capacity is established below this capital investment index, then the assessment of the management team is full score, and the option will be unlocked year by year to become the management.
This indicator prompted the Dragon Factory and Zhongxin International in the mainland to all work hard to improve technology.
There is no way, after several capital injections, the weight of Liu Ruoyi's speech in the mainland Zhongxin International is also much higher, and the most important thing is that the options of the mainland Zhongxin International are also the option pool of the Xiangjiang Dragon Factory taken out by Liu Ruoyi.
Everyone shares technological progress, and the distribution of options is also treated equally, relying on Liu Ruo to operate and unlock according to the specified index assessment, at this point, even as a major shareholder of Jinhai City's state-owned assets is not easy to speak.
If you don't have the money to speak, it's not like Liu Ruoyi.