It is precisely because different processes have different costs that Zhongxin International will maintain production lines from 130nm to 32nm to meet the cost needs of various foundry products.

The 100,000 wafer 45nm production line currently under construction is obviously not prepared for low-cost chips, but for high-end processors, memories and DSPs, and FPGAs, which start with tens or even hundreds of dollars per piece, and thousands of dollars for high-end goods.

For the current development of its semiconductor industry, Liu Ruoyi is full of confidence, except that the transformation to mobile storage is a little unsatisfactory, and the progress is much slower than that of SS company.

There is no way, Qimonda's strengths are not in this aspect, and the Asia-Pacific R&D center is creating, and the progress of LPDDR2 R&D is quite lagging behind.

For technology, apart from throwing money, Liu Ruoyi has no way to think about it.

With Liu Ruoyi's MIPS dragged into the mobile communication processor market, the Aries MM-710, which won the world with high cost performance, began to attack the city, from which it came out of the high-dimensional mobile communication O2 series and HTC's mid-range Android mobile phone G1 lite, officially becoming an important choice for mobile phone manufacturers in the mainland.

Based on the Aries MM-710 processor scheme, Android high-performance mobile phones within 2000 yuan have blossomed everywhere in advance, and the mobile Internet is faster than originally imagined.

In Liu Ruoyi's last time and space, this process began to grow explosively with the emergence of Xiaomi's second-generation 1999 yuan flagship low-performance mobile phone.

So the current process has been advanced by almost a year before the previous plane.

The demand for storage for high-performance mobile phones will inevitably be tight, and this market is of course very important to Liu Ruoyi.

In fact, this was her original strategy for Qimonda.

After carefully studying the current technological progress, Liu Ruoyi put down the report and turned to Vivian, who was on duty today.

"Do you have any new proposals from our acquisition target consulting firm in the field of mobile storage?"

"Sister Annie, Lehman's M&A team has just sent a potential M&A target in the field of mobile storage, and at present, the most ideal ones are Elpida on the Toyo side and Spansion in the United States. ”

"This is the report, judging from the opinions of M&A experts, the successful development of LPDDR2 is imminent, and it will be mass-produced in no more than 2 quarters at the latest.

Spansion, on the other hand, has the most patents in flash memory and now has the largest market share.

The situation of both companies is not good, they have not found a way to make a profit since the beginning of the financial crisis, and they continue to lose money.

Among them, due to high capital expenditures, Elpida now has up to $5.5 billion in debt, annual financial losses of up to $750 million, and net assets remaining less than $1.4 billion, M&A experts estimate that if there is no financial support, Elpida may not survive in 2012 and may go bankrupt.

Similarly, Spansion's continued losses have become a drag on its parent company, AMD, which is now seeking to raise capital expenditures through IPO financing, but it is difficult to raise enough capital even if it goes public with their current revenue. ”

"Initiating the acquisition of Elpida and Spansion in the name of Qimonda!"

After studying the research report of the Lehman M&A team, Liu Ruoyi made a decisive decision, based on the current situation of the two companies, the Elpida M&A team expects that the cash price of the acquisition should be 2 billion US dollars, and if the deferred payment acquisition method is adopted, it may reach 2.5 billion US dollars.

The cash acquisition price of Spansion should be around $2 billion, and with AMD's current financial situation, I believe it is very happy to sell Spansion to obtain valuable cash flow.

As long as money can solve the problem, it is no longer a problem in Liu Ruoyi's eyes.

...

President Kuroda, the head of the bank at the headquarters of DBJ Bank in Tokyo, took the loan report of Elpida, frowned and said to President Sakamoto: "Sakamoto-kun, your assets are only more than 100 billion yuan (yen), but the loan request is 200 billion yuan. ”

"Sakamoto-kun, you come and tell me, how to obtain the benefits and security of our bank?"

"Kuroda-kun, this is the last hope of our storage industry, the storage market has begun to show signs of recovery, and we will definitely be able to stand up again. Sakamoto replied very seriously.

"We, in the storage industry, will ask Kuroda-kun. President Sakamoto stood up and bowed.

After several quarters of continuous losses, if it didn't get this huge loan, Elpida wouldn't be able to survive at all.

President Kuroda shook his head.

"Sakamoto-kun, for the war that must be lost, our bank will not be able to accompany you. According to your assets and operating conditions, I can grant you a maximum of 60 billion. More is impossible. ”

For Elpida, a company that is mired in losses, a loan of 50% of its net assets is already the bottom line for President Kuroda.

President Sakamoto's face darkened.

That was far from the figure he had hoped for.

It seems that things have begun to become irreparable. Thinking of the exchange with President Micron, Sakamoto was a little surprised, is he really going to come to the day of selling himself to save himself.

But if this is not the case, Sakamoto really doesn't know how to save Elpida.

Originally, the squeeze of SS Company was uncomfortable enough, but who knew that Xiangjiang Capital pulled Qimonda to launch an unprecedented production capacity war, which made the storage industry even more bloody, and the storage industry on the treasure island died almost instantly.

Lacking core technology and strong capital support, in the face of the bloody production capacity war launched by Liu Ruoyi, what other way is there to withdraw in advance?

That is, looking at the same text and the same species, their assets have not been disposed of by the price of cabbage.

Thinking of such a tragic scene, Sakamoto still feels a little afraid.

...

United States.

AMD President Medko was not surprised by the M&A report submitted by Lehman M&A Advisors.

In fact, the industry has long known AMD's determination to divest non-core assets. The wafer processing plant has been divested, and the oil tycoons from the Gulf have helped burn the money and continue the battle with the Orientals.

The memory sector is ready to be thrown out of the market and get rid of the burden of continuous losses. Only then will AMD be able to travel light and fight with the same enemy in life.

Although the battle was so asymmetrical, Medko would not give up easily.

"$2 billion?" Medko first looked at the most important information of the offer.

"Mr. Chandler, are your bosses underestimating Spansion, their revenue last year was more than $2 billion!"

"Mr. Medko, you're not wrong, but last year Spansion gave AMD a $300 million loss, and when you change it to AMD's annual financial data, it contributed -$120 million in revenue, and maybe more this year. ”

Chandler shrugged.

His words hit the nail on the head.

"But Spansion is now number one in the industry, isn't it, and the mobile market is rapidly expanding the demand for flash memory. Medko said in his dying throes.

"Yes, my boss thinks so too, that's why she initiated this acquisition, and is ready to invest more in this market, if it is not Spansion, maybe Hynix, or Elpida, Micron, and then invest tens of billions of dollars to reconstruct the order of this market. ”

"Believe me, she can definitely do it, Qimonda is like this, now in the computer memory market, Qimonda has begun to keep pace with SS company, maybe next year, the mobile storage market will complete a new reshuffle, when Spansion, which insists on independent development, can win another $2 billion in revenue, I think it's a question. ”

Chandler said mercilessly.

What he said is also true. Although Spansion is the leader of the flash memory world, it is not even in the top five in the memory industry, and his business is too single.

"You convinced me, but I had to report and agree with the board of directors to get a deal. "Medko gave up struggling.

Based on AMD's ownership of 40% of Spansion's shares, AMD can get $800 million in $2 billion in cash, which in Medko's view, is another increase in AMD's research and development after it travels lightly.

After a brief period of glory in 2004-2006, due to the heavy financial pressure on the huge purchase of ATI, AMD, which had just improved, sank again, forced to implement non-core asset divestitures, and lost its wafer processing plant to the oil tycoons in the Gulf, alleviating the financial pressure, and has not yet recovered.

Therefore, this $800 million in cash is a relief for AMD, and Medco has the capital to launch its own bulldozer and pile driver research and development programs, and compete with Intel for the title of king of performance on X86.

Despite its long-term market share dominance, Medco is poised to regain the title of king in the performance of its flagship models.

These require a lot of investment.

In this sense, Lehman's M&A proposal could not have come at a better time.

...

Elpida headquarters.

Sakamoto had some speculation about the Lehman guests who came to visit.

When I saw Chandler, my expression couldn't help but be a little cold.

"Mr. Sakamoto, I'm glad to see you. "Chandler doesn't care about Sakamoto's attitude, for the sake of money, Lehman can do anything.

"Hello, Mr. Chandler. Sakamoto bent slightly to show courtesy.

"Let's get straight to the point, this time I'm representing Qimonda and providing Mr. Sakamoto with a proposal for mergers and acquisitions. Chandler also has no friendship with Sakamoto, not to mention that he has always done things directly and straight to the point.

Sakamoto took Chandler's report on the merger proposal and read it carefully without saying a word.

"Very good advice, I have to say, Qimonda has found a very good M&A consultant. Sakamoto said after reading it.

"But we are not prepared to accept this suggestion. ”

Sakamoto rejected Chandler in one bite.

Qimonda is the capital of the East. This point is useless even if Liu Ruoyi repeatedly chooses to cover up the selection of equity investment institutions.

After being able to make such a large acquisition, Qimonda R&D was divided into three.

Anyone can see what that means.

Chandler was not flustered by Sakamoto's refusal.

"I have a proposal for authorization here, and the content is very simple, Mr. Sakamoto may wish to take a look at it first. Chandler pulled out an A4 sheet of paper from his briefcase.

Sakamoto didn't think reading the authorization proposal had changed his decision.

But he took it curiously.

It is planned to establish Asia Memory Semiconductor Group Co., Ltd. (AMS), which integrates three subsidiaries: Qimonda, Elpida and Spansion, with Qimonda focusing on computer storage, including PC and server memory and video memory, and Elpida and Spansion focusing on mobile storage.

In the future, the foundry will be handed over to Zhongxin International Dragon Factory and DreamWorks to be responsible. The Group's R&D expenses are not less than 15% of revenue per year.

Sakamoto will be the president of AMS. Elpida's debt will be deducted from the annual income in the future, and Toyo employees will not make adjustments, and Yongxiang Bank will act as a financial guarantee.

There is very little content, and Sakamoto, who is familiar with English, quickly finished reading it. Despite his age, Sakamoto still has a bit of a feeling of blood boiling.

He is a veteran of the industry, and he can see at a glance the power of this plan, and it is clear that this is aimed at pulling SS down and fighting for the world memory throne.

As a man who aspires to ascend to the throne of the world's memory, Sakamoto has been working hard for decades, but the closest thing is that he is only third in the world.

Once Sakamoto had already accepted his fate, thinking that it was impossible to do this in this life.

But now by mistake, God has put another opportunity in front of him.

Although this opportunity tastes a little different than what he aspires to.

But this is an opportunity to ascend to the throne of the world's memory and at the same time protect Elpida!

Sakamoto stared at the A4 sheet of simple writing, and despite the fact that it was not signed by anyone, Sakamoto did not think that Chandler was deceiving him.

The bloody storm set off by the financial queen of Xiangjiang after stepping foot on semiconductors, how could Sakamoto, as a veteran of the industry, not know. In fact, there are already people who see the financial queen as the semiconductor king of the future.

In essence, semiconductors are a special industry that can burn money until the opponent admits defeat, and then the winner takes all!

Putting aside the influence of other factors such as politics, the depth of capital determines the height of this industry.

And in this special place of Xiangjiang, if Liu Ruoyi is determined to carry out the money-burning operation to the end, this financial queen has a desperate ability to raise funds.

When Sakamoto was still struggling to fight for more than a billion dollars, Liu Ruoyi was able to throw out tens of billions of dollars without blinking!

As long as she wanted, there was nothing to think about. The short-term losses are not worth mentioning in her eyes at all, and no one knows how much mysterious money she still has.

The so-called richest man in the world who was selected on the bright side was a joke in front of her!

If this financial queen really agrees to this reshuffle ...

Sakamoto's stubborn heart finally made some waves, raised his head, and stared at Chandler, now he wanted to know how determined Liu Ruoyi was in this regard, and how far things had progressed.

Chandler knew what the old man meant, and exhaled lightly: "Mr. Sakamoto, before I came to meet you, I have already met with AMD, the majority shareholder of Spansion, and after frank and effective communication between the two of us, AMD has agreed to transfer their controlling stake. ”

Sakamoto's eyes shrank.

What a speed!

What a strong determination!

Whether or not Elpida joins is no longer a key part of this AMS plan!

Although, Elpida is still important for this AMS program. But Sakamoto is not a trump card in his hand, and if this opportunity is missed, the value of Elpida will inevitably be greatly reduced.