Cooperation and competition of modern enterprises is the norm, excellent enterprises are often inseparable from whom, under the existing technology, it is almost impossible to completely replace Qualcomm. When dreams still have to be had, what if they come true?

"Dreams still have to be had......" Zhang Yujing said, but Zhou Shi waited for a long time and didn't wait for the next sentence, and it seems that Lao Zhang doesn't know much.

"The future is bright, but the road is tortuous. Zhou Shiyi said that the licensed semiconductor consumed too much of his money, but the effect was not obvious. Zhang Yujing came to report on his work this time, and he was also looking for Zhou Shi for the next step of funds.

"Our 28nm process has matured this year, you must know that in addition to TSMC in the foundry field, only we have done it, other UMC, GLOBALFOUNDRIES' technology is not mature, and Samsung is not even mature 32nm technology process (historical fact, Samsung's process is now a scum).

But in order to catch up with TSMC, we are ready to skip 20nm, 16nm, and go directly to 14nm technology, which is technically difficult and challenging, so we need more financial support. "Zhang Yujing

"I know that leapfrog development is very good, but how to make up for the missing part?" Zhou Shi of course knows that Samsung's leapfrog development in the semiconductor foundry process, Samsung's 14nm process is a pit for Qualcomm and Apple. It's just a nice name, but in fact, compared with TSMC's 16nm process, the yield rate is worse. If it is possible to achieve a technological leap without accumulation, and can violate the law of scientific and technological development, then Huaxia would have been able to dominate the universe long ago.

"There are gains and losses, and there are some costs that are acceptable relative to what we may gain. "Zhang Yujing

"If we have completed the development of the 14nm process ahead of schedule, then the 28nm process technology can be built in Huaxia. Du Xiuyan whispered on the side

"Using low-cost talents in Huaxia to solve problems?" Zhou Shi

"I'm sorry, I'm afraid that we need to cultivate talents in the field of Huaxia semiconductor foundry from scratch, or poach people from SMIC and other companies. "Zhang Yujing

"But Huaxia people can work overtime at 996, although the ability may be flawed, but it can be made up for with time!" Du Xiuyan said

996, Made, Zhou Shi was speechless when he heard it, what the high-tech industry needs is creative thinking, but most of the people cultivated by 996 are code farmers, just like raising Gu, and there will never be many successes in the end. Why are there so many high-tech startups in Silicon Valley, but there are more creative people? Even after 5 years, more companies are doing so because of the success of their business models than because of technological advances. Even Huawei's technological progress in the communications industry has only continued to deepen along the path pioneered by others, rather than creating something unique.

"996! A good choice" Zhang Yujing is obviously no stranger to this, backward countries and enterprises do not work hard, how can there be any possibility of success, Wanwan is also developed in this way.

The reason for the popularity of high-tech enterprises' high welfare and high salaries and employees' stock options at the same time is that it has been said before that the development of enterprises is ultimately a competition for talents, and the most effective way to crack down on latecomers and protect their own interests is to make start-ups lack the necessary talents. When first-class talents are concentrated in a few large enterprises, it becomes very difficult for individuals to start a business. First-class talents are in large enterprises, and most of the start-up companies recruited in the market are second-rate talents.

The solidification of social class is often very secretive, whether it is a part-time job or a business, all kinds of visible and invisible restrictions block you in front of your growth path. To be able to break through this invisible restriction is to break through your original social class.

"So be it, our next focus is on 14nm technology. "Zhou Shi

"Simon, the only opponent in front of us is TSMC, their decades of technology accumulation, if we follow the conventional method, it is basically impossible to succeed, unless the existing technology reaches the limit, and everyone stands on the same starting line again on the new road......" Zhang Yujing

Well, I understand...... "There is basically no return without risk, unless you enter a blue ocean market, but then the return will not be long." In the previous life, Samsung's semiconductor process technology suddenly exploded and TSMC kept pace, not because Samsung took the lead in launching 14nm technology, while TSMC only had 16nm process......

At present, the most advanced chip manufacturing technology in the world is undoubtedly Intel and TSMC, followed by licensed semiconductors, followed by UMC, GLOBALFOUNDRIES, Samsung, and SMIC, which is a local company in China. And because of the large number of orders in hand, there has been no shortage of business for licensed semiconductors. So the gap with UMC, GLOBALFOUNDRIES, etc. is also getting bigger and bigger. Now aim for TSMC, and there is no problem.

"Chartered semiconductors to issue corporate bonds!" Zhou Shi gave a solution.

"If this happens, our debt may break through the margin of safety!" Zhang Yujing, a company's debt cannot rise indefinitely, not to mention that the cost of issuing bonds will rise, even if it has a great impact on the company's reputation. When a company's credibility decreases, the cost of doing business rises. Yahoo can continue to issue bonds because of Zhou Shi's credibility, the rapid development of Yahoo itself, and the rapid development of the mobile Internet is unexpected, giving investors greater confidence.

"It's okay, we'll raise funds and issue debt-to-equity swaps!" Zhou Shi

"Who do you want to finance?" said Zhang Yujing

"I'll look for it!" Zhou Shi, the business of issuing bonds could be handed over to Meibang Securities, but now Meibang is a little stormy, and many media attribute the reason for Meibang's loss this time to Lu He, saying that he is stubborn and self-serving......

In fact, the problem of lack of money for licensed semiconductors is easy to solve, whether it is Galaxy Capital or Sixiang Fund, there are large sums of money in their hands, and tens of billions of funds can be raised at any time, and money can be invested in licensed semiconductors through various asset management and trust plans. It's just that the cost will be a bit high, and it is not an ideal solution. In this era of negative interest rates, the ability to raise funds at low cost and borrow large amounts of money is either stupid or a bit of a two.

"By the way, how is SMIC doing now?" Zhou Shi

"They are still struggling with 32nm technology, and TSMC's support for them is not as great as imagined, at least it does not meet their expectations. Du Xiuyan

"Wanwan people are like this, they don't ......have any foresight at all" Zhou Shi, in the previous life, Wanwan's LCD panel business was because of the alliance with South Korea to pit the mainland, so that it was retaliated by the mainland, coupled with their insufficient R&D investment and financial support, resulting in the end the entire industrial chain will be finished.

"But you can't blame them all, there is no competition and there is no pressure, and now the licensed semiconductors have not put much pressure on TSMC. Du Xiuyan said that TSMC's market share of about 50% in the foundry field will certainly not be under pressure.

The revolution has not yet succeeded, and Tongzhi still needs to work hard!