A group of dozens of people arrived in the conference room together, including many foreigners, all of whom were shareholder representatives of several wafer foundries under UMC, most of whom were from the United States.

When UMC started the wafer foundry project, it directly attracted 12 IC design companies from the United States to invest in three wafer foundries, including Lianyong and Novoray, plus the factories including UMC itself, which made UMC a IC manufacturer with similar strength to Semiconductor Manufacturing at that time.

If there was no fire, today's UMC would definitely be able to compare with the company, and it is really not as good as the sky. Of course, for Li Feng, if there was no fire, there would not be such an opportunity as now.

Under Cao Xingcheng's introduction, Li Feng also exchanged pleasantries with the representatives of these IC design companies, and the last group of people took their seats in the conference room, and then it was time to finally move seriously.

"Ladies and gentlemen, after such a long period of negotiations, the result is roughly like this, and this is an explanation of the results of this negotiation, so you can take a look. Cao Xingcheng sat on the main seat, holding a stack of documents, and then distributed them to the crowd and said.

Watching the staff put the document in front of him, although he knew the result, he still picked it up and flipped through it.

……

According to the document, UMC is now a listed company, and in addition to about 30% of the shares in circulation, the shares of Cao Xingcheng and other management are actually only about 20%.

At the beginning, 12 design companies were recruited, and this time these design companies will become shareholders of Xinum, with a total of about 35% of the shares, and the remaining large and small shareholders will total 15%.

Through the restructuring this time, UMC Holdings will be established registered in the Cayman Islands, and then with Li Feng and the three major families injecting capital, the major shareholders will be diluted their shares. That's right, this time it's a bit like financing, but the financing is relatively large.

Due to the Novoray fire, UMC lost tens of billions of New Bay dollars, and the rest also had billions of contract losses, as well as intangible losses, such as delays due to the fire, which led to a shortage of UMC's funds.

According to the latest UMC closing price estimates, UMC's market capitalization is $5.5 billion, and at a 20% premium acquisition, UMC is valued at $6.6 billion.

The financing amount is 3.4 billion US dollars, of which three companies invested 500 million US dollars respectively, and the remaining 1.9 billion yuan was directly invested by Li Feng, so that the company's market value will directly reach 10 billion, and it will directly surpass SMMC and become the largest semiconductor manufacturing company in Wanwan.

……

It has been negotiated before, and after reading it quickly, it has been affirmed by everyone, and then they have got the agreements that have been drafted long ago, including the agreement on the major companies to give up their original shares and re-invest in the new company, and the agreement on Li Feng and other powerful financing shares.

Seeing Xu Haifeng sign on behalf of Tianya Investment Company, the rest of the people also began to sign, just like that, Li Feng will get 19% of the shares of Xinum, naturally, the shares cannot be Tianya Investment, and several funds are involved, hiding the shares, and the shares of the original major shareholders of UMC will naturally be diluted.

However, the company also promised that Cao Xingcheng would still serve as the chairman and CEO of the company, the original management would remain unchanged, the board of directors would be increased, and representatives of major companies would become new senior executives.

At the same time, the original IC design companies controlled by UMC have been directly separated, UMC will focus on IC manufacturing in the future, IC design companies have become parallel to UMC, including MediaTek and other companies The shares will be transferred to the parent company holding company. Most of these companies are UMC-owned, with a stake of between 50 and 60 percent.

Of course, Li Feng's pursuit of the shares of New UMC will not stop.

No one knew that after Li Feng's side signed the agreement, and after dawn on the US imperialists' side, a group of people led by Bill Weilbe would sign a new agreement with the US imperialists, and it was a share transfer agreement signed with the previous UMC 12 IC design companies.

That's right, as early as after the start of the intention negotiations, Li Feng asked the US imperialists to take action, and the US imperialism is now Li Feng's home base, and through its own investment companies and the help of Da Mo and Goldman Sachs, he contacted these design companies.

Anyway, with Li Feng's strength and connections, through a series of operations, pressure and other overt and covert means, he finally reached an agreement with others, no matter what, Li Feng is now a big man in the United States, and there are still some means to do so.

……

At the same time as the share transfer, it also reached a priority agreement with them, that is, the chips needed by the 12 design companies will be given priority production rights in New UMC.

Originally, 12 IC design companies were willing to cooperate with Cao Xingcheng, mainly for their own design and production needs, but now that they have Li Feng's priority commitment, these companies finally agreed to Li Feng's share acquisition request after some consideration.

In this way, Li Feng got a total of 23.1% of the shares of 12 companies, and similarly, when UMC expressed its willingness to negotiate on the issue of shareholding, Li Feng asked Bill Weilbe and others to secretly acquire the market outstanding shares of the previous UMC.

Before Li Feng signed the agreement, he had acquired a total of almost 15% of the shares, and it can be said that the outstanding shares of UMC in the market were almost swept away by Li Feng. After dilution, it is almost at 9.9%.

In other words, Li Feng of the new UMC has almost 52% control, and Li Feng has actually acquired UMC and obtained a controlling stake.

For the company's ultimate controlling stake, Li Feng does not want to expose it for the time being, and Li Feng does not want to have a stalemate with Cao Xingcheng and other management until it is absolutely necessary, anyway, the company's board of directors and the next senior management will have their own positions and can understand the company's every move.

In this way, Li Feng will spend more than $5 billion in cash to control the largest wafer foundry, at least at this stage. Naturally, in terms of production scale, today's UMC is still inferior to SMMC.

Among them, the money for the acquisition of shares in the United States is still to find six large and small banks, including Chase Manhattan, Citigroup, and Bank of America, to help Li Feng pay.

Naturally, Cao Xingcheng didn't know about the transfer of shares of 12 design companies of the United States, and those shares were placed in 12 fund accounts, so in the eyes of outsiders, the shares of these companies were only acquired or transferred.

Naturally, the next step is for the company to start the road of expansion, and the new company will build 3-4 wafer foundries in the United States, Europe, Asia and other places.

……

"Mr. Li, Mr. Cai, Mr. Koo, and all shareholder representatives, on behalf of the company's management and all employees, I would like to thank you for your trust, we believe that UMC's future prospects will be bright, and we will strive to be worthy of your every contribution, thank you!"

As the signing was completed, there was a round of applause in the conference room. At the same time, Cao Xingcheng, the Wanwan semiconductor boss, got up with great interest and said loudly to everyone.

Looking at Cao Xingcheng's excited expression, Li Feng couldn't help but think in his heart at this time, if he knew that I was about to own more than 50% of the shares and control UMC, I don't know if there would be such an excited expression.