PS: First of all, I want to repent, I have something today, I didn't expect to be busy until the evening, I didn't have time to code words, I only wrote more than one chapter, and I will work overtime tonight to write another chapter. There's nothing to do tomorrow.,Make up for it all day!Readers, forgive me............

In order to make the company IPO and successfully listed, it will take several months or even half a year to prepare, and it is necessary to conduct roadshows all over the United States to publicize the company, tell the public about the company's advantages and potential, and increase the confidence of investors!

For IPO, the role of the underwriter is very important! As an "old fritter", the underwriter has rich experience and can play a role in counseling and helping the company develop its strengths and avoid its weaknesses!

Generally speaking, when a company is about to go public, it is impossible for an investment institution or company to subscribe for your shares just by reading a prospectus of the company. In this process, there are certain links of communication, explanation, and defense, and these need to be played by the underwriter!

The more underwriters, the more people help sell the shares, which is very willing for the company to be listed! The more companies subscribe for the shares, it means that the company is good and worth investing!

Of course, there will also be companies that take the initiative to come to the door to subscribe for shares!!

And this kind of listed company is basically a very awesome company, and the shares will definitely be robbed by everyone after listing!!

Take Qualcomm, for example!!

Qualcomm announced the next day that it would go public, and as a result, hundreds of companies around the world sent subscriptions to Qualcomm! At the same time, the top 50 investment banking institutions in the United States said they wanted to be underwriters!!

Naturally, underwriters don't do it for nothing, they have to charge commissions. The more successful the IPO, the more the underwriters earn!

The CDMA technology launched by Qualcomm has become the standard for wireless communication, and then the CDMA chip is launched, making a lot of money! Moreover, the CDMA network in the United States is gradually becoming popular, and Qualcomm's influence is getting bigger and bigger, and its profits will rise! Obviously. Once Qualcomm goes public, its stock price will definitely rise!!

What company doesn't want a piece of the money-making business?

So, companies that want to be underwriters and companies that want to subscribe for shares are coming......

Qualcomm was excited. The company starts the equity incentive, which allows employees to subscribe for some shares according to their own contributions and working years! After the company is listed, many millionaires and multimillionaires will be born......

In the corporate office, Owen Jacobs is meeting with the underwriters!

This. The underwriters hired by Owen Jacobs were all banks.

In fact, banks are also the most powerful and qualified dealers, they have business dealings with many companies, and they know the accounts of these companies! Not everyone can subscribe for stocks, first of all, the company must have money, and secondly, it must have influence!

Can there be a comparison between the nouveau riche buying your stocks and Warren Buffett buying your stocks? Obviously, it can't!!

This time, Qualcomm intends to hire three banks as underwriters.

The first one must be Williams Bank, which serves as the main underwriter, and the fertilizer does not flow to outsiders!

The other two banks are banks with good relations with Henry, one is Goldman Sachs and the other is Bank of America.

Both of these banks are very strong banks!

Goldman Sachs was founded in 1869. It is one of the oldest and largest investment banks in the world, providing a wide range of investment, advisory and financial services to the world, with a large number of multi-industry clients, including private companies, financial enterprises, government agencies and individuals!

Bank of America is a holding bank controlled by a California consortium, the largest commercial bank in the United States in terms of assets, the establishment of the bank can be traced back to 1784 Massachusetts Bank, is the second oldest bank in the United States!

Williams Bank is on par with these two banks. To put it mildly, if Williams Bank was not Henry's property, then the lead underwriter would not have chosen Williams Bank......

Owen Jacobs had a long conversation with the representatives of the three banks, mainly about the dos and don'ts of going public.

Qualcomm's IPO listing is "the first time a big girl has been in a sedan chair". Owen Jacobs and others don't know exactly how to do it, so they naturally need professionals to come and give them advice!

Owen Jacobs not only had to prepare for the IPO, but also to build a wafer fab.

As the news of Qualcomm's application for listing on the NASDAQ spread, naturally, the empty gloves white wolf. Acquiring land to build a factory is not a difficult task. After Qualcomm went public and raised funds, there was money to pay, and it didn't matter if it was in arrears for the time being! What's more, Qualcomm was a subsidiary of Cisco, and the subsidiary had no money, and there was still a parent company......

So, Owen Jacobs chose a plot of land in Monterey County, California, to build a large fab!

Monterey County is located on the Pacific coast, south of the San Francisco Bay Area, and relatively close to Silicon Valley, an hour or two away by car!

After Owen Jacobs handed over the listing to the company's employees, he came to the California government and wanted to take over the land! Because the administrative division of the United States is completely different from that of China, the president cannot control the governor, and the governor cannot control the mayor. Monterey, on the other hand, is a county in California and is not divided into cities, so if you want to buy a lot of land, you can only go to the California government.

After Owen Jacobs made it clear that he was going to do so, the California government didn't think much about it and agreed to Qualcomm's request. Qualcomm's establishment of a fab will play a significant role in promoting the development of California, increasing revenue generation and providing a large number of jobs!

Although Qualcomm does not have enough money to pay for the time being, Qualcomm has money to go public and raise funds......

Wafers mostly refer to monocrystalline silicon wafers, which are made and refined from ordinary silicon salad. According to its diameter, it is divided into 4 inches, 5 inches, 6 inches, 8 inches and other specifications, the larger the wafer, the more silicon wafers can be produced on the same wafer, which can reduce costs, but requires higher material technology and production technology!!

The current mainstream process level is in the 6-inch specification. In the 90s, South Korea replaced Japanese manufacturers and jumped to the first place in the global DRAM memory industry with the production capacity advantage of 9 8-inch wafer factories when the 6-inch wafer factory transitioned to the 8-inch wafer fab.

If Qualcomm wants to build a wafer factory, of course, it is best to directly build an 8-inch wafer factory......!

So, you must build an 8-inch wafer fab!

After the fab is established, of course, the packaging fab must also be built at the same time.

Wafer fabs are referred to as front-end processes in the semiconductor industry, while packaging fabs are referred to as back-end processes in the semiconductor industry. To put it simply, a fab is all about producing silicon wafers and producing integrated circuits on monocrystalline silicon wafers. Then the packaging factory threads the needle and leads it, and the packaging and shell are the finished products, which can be used for use!

Generally speaking, after packaging, it still needs to be tested to see if the product works, what are the defects or areas that need to be improved......

At present, there are many companies around the world that specialize in chip testing!

(To be continued.) )