The next day, Zhou Shi flew directly to the magic capital, and as soon as he got off the plane, the people from the National House found Time Company and asked them for a plan for the development of the semiconductor chip manufacturing industry. This has nothing to do with time, it is an independent operation of Galaxy Capital, Analysys International has backup information, after Zhou Shi knew about it, he immediately arranged for someone to fly back to Yanjing, and he made an appointment to meet Zhang Yujing.

Dr. Zhang Yujing is the founder of SMIC and has played a vital role in his development, but due to the patent lawsuit with TSMC, he will leave next year, and in order to settle, TSMC obtained 200 million US dollars and 10% of SMIC's equity, and since then, SMIC has completely surrendered to TSMC, and all development trends will be known clearly.

The main purpose of Galaxy Capital's acquisition of SMIC is so that Spreadtrum's chips can have a stable production base and will not be completely choked by TSMC. And if everything goes well and can surpass the foundry level of Samsung Semiconductor, it is also a very good business in itself.

Zhou Shi explained in detail the advantages of Galaxy Capital, as well as the development plan for the future, as well as possible OEM orders. In fact, if you think about it carefully, Datang Telecom's role in SMIC is not so great, Huatou and Modu Capital are already major shareholders of SMIC, and it is of little significance to add another state-owned asset.

"We are willing to invest $200 million to get 20 percent of the shares. "Zhou Shi made his first bid. That's a premium of more than 100 percent, but it's down a lot from half a year ago, when they were ready to sell 20 percent of their shares to raise $500 million.

"Mr. Zhou, your price is too harsh. "Zhang Yujing

"SMIC has a serious loss of customers, backward production technology and level, and global capital is tight, so we have risked losing all our money to make investments, and we are providing SMIC with the most scarce large customer resources, which is a very fair price. Zhou Shi's Spreadtrum also recently acquired RDA Microelectronics, and he has become much stronger in the field of IC design in China. Geke Micro, which has entered the final negotiations, also has the support of SMIC, and OV's graphics chip market ranks first in the world, which SMIC needs to consider.

There were not many results in the first exchange, there were too many shareholders, so Zhang Yujing did not necessarily have the decision-making power, but unfortunately there were not many people for the time being, otherwise it would be good to just take the money and smash it.

Lu He also returned to Wall Street, and in August, the impact of the subprime mortgage crisis was further aggravated, and whether it was Two Houses, AIG or Citibank, they all fell into a great passivity, such as Goldman Sachs and Morgan Stanley are looking for help from funds, and Galaxy Capital is also their target. But even Zhou Shi is a little short of money now, where will there be for them. And at this price, he doesn't know how many years it will take to return to his capital. Even after working with Goldman Sachs and Morgan Stanley, there will be some conveniences on Wall Street, which are not worth hundreds of millions of dollars. Moreover, Ao Guanhai has become more and more obvious in the election with McCain, and with the help of many Wall Street elders, Galaxy Capital, which is becoming more and more familiar with the rules of the American game, does not necessarily have to ask for Da Mo and Goldman Sachs.

You must know that now, Galaxy Capital has acquired Moody's shares in Lehman's hands, plus the shares acquired from the market and other institutions, Galaxy Capital already owns more than 10% of Moody's shares, and if the stock price falls further, Galaxy Capital will continue to absorb Moody's shares to 20% and become Moody's largest shareholder.

Up to now, Galaxy Capital has acquired or is about to invest in companies such as IDCC (Patent Trolls) 20%, Moody's 10%, Evergrande 5%, Spreadtrum Communications 100%, AMD graphics chip technology, RDA 100%, OV camera 28%, Geke Micro 30%, ATL 30%, Chery Automobile, DSi automatic transmission company 100%, East West Bank 8%, etc., with a total expenditure of nearly ¥2.5 billion, not including AMD's ¥1.5 billion debt.

If it weren't for the surge in crude oil, they wouldn't have had so much idle money. Moreover, the short-selling crude oil futures at a high level and the short-selling options purchased until the end of the year have made Zhou Shi and Galaxy Capital very profitable. When they entered the market, the price of crude oil was above $140, and now the price is below $120, and the profits are running inadvertently.

UBS's people looked for Zhou Shi several times in succession, and then gave up, everyone is not stupid, Porsche Holdings' stake in Volkswagen has remained at 40% for a long time, and European hedge funds that are ready to move have begun to try to short Volkswagen, but Volkswagen's stock price has not moved. Although Zhou Shi knew what was going on, it was a pity that he really couldn't distinguish people at this time. The amount of money he invested, including the options he bought, did not account for 5 percent of Volkswagen's shares, which is really a little small. Zhou Shi bought a total of 1.5 billion euros of Volkswagen shares at an average price of around 165, as well as stock options with a market value of 300 million euros at a subscription price of about 180. The USD/EUR ratio is around 0.63, which means that Zhou Shi spent about $2 billion to buy these stocks and options, as well as some financing. Knowing that at this time, the dollar should start to appreciate, Zhou Shi bought some foreign exchange futures to avoid foreign exchange losses a few months later. This time he was not prepared to make money on this, he was really not familiar with foreign exchange.

Most of the members of the Four Elephants Fund in Xiangjiang are staring at the market, and the Hang Seng Index has fallen by more than 10,000 points, and they even dare not continue to short. If it weren't for the fact that they couldn't take profits, or even continued to increase their positions when the Hang Seng Index pulled back in May, they would have taken profits long ago and left. There are even some extreme ones that will go long with a backhand. Many people are like this, hoping to make all the money in the market, and most of the results are cool. The Suzaku Fund also pays attention to the changes in the subprime mortgage market at any time, and when this kind of fluctuation is hundreds of millions of dollars, it is really thrilling. And Zhou Shi can't be sure of the details, who knows if his participation will make Lehman bankrupt early.

The big recruitment of talents will not be until September, when the last Xuanwu fund under Galaxy Capital will also be established, and with Zhou Shi's participation, it is almost impossible for this fund to lose money. However, he can't control everything, at most he can select one or two funds of Xuanwu, and the rest still needs to be used to cultivate talents and practice hands. I don't know if Galaxy Capital has any appeal in the market after Lehman went bankrupt, and whether it can attract enough funds from home and abroad to enter the Xuanwu Fund. At this time, Zhou Shi, who did not have the slightest confidence, could not predict the popularity in a few months, in fact, the profit of the Suzaku No. 2 Fund had already made the hearts of those banks shake, if it was not for the lack of manpower, the Suzaku No. 5.6.7.8 Fund could be established.

Within a few days of arriving in Shanghai, Zhou Shi returned to Yanjing again.

(End of chapter)