Chapter 252: Bleeding Investment
Hu Yiting introduced Wang Lili, Wu Shihuan, and Liu Renkuan to Adam Cohen one by one, which made Adam Cohen very happy, and he greeted everyone warmly, feeling that this is probably the core essence of Chongguang in front of him.
Hu Yiting, a genius technomaniac and world-class mathematician, Wu Shihuan, a young genius IC engineer, Liu Renkuan, a professional contract and patent lawyer, and Wang Lili, CEO. This is Adam Cohen's most intuitive understanding of the heavy light.
After afternoon tea and refreshments, they followed Adam Cohen on a tour of his family villa, which turned out to have twenty-one guest rooms in addition to the seven suites for the owner's own use, and the annex next to it was inhabited by housekeepers and servants.
The suites were decorated in different styles, and he was given a look at his private collection of expensive paintings, antiques, and tourist memorabilia, including a plastinated specimen of a male lion he shot while hunting in Africa, and finally visited his wine cellar and gun store.
Adam Cohen has a complete collection of various firearms and clothing, water bottles, helmets and other miscellaneous military materials used by the U.S. military since the beginning of the Revolutionary War, which makes Hu Yiting very interested, listening to Adam Cohen introduce the origin and knowledge of many firearms and command knives, this master also casually revealed that his ancestors once served as a military clerk with General Lee to participate in the Civil War until surrender, obviously Adam Cohen's understanding of ordnance is no less than the IC industry.
At five o'clock, the daylight waned, and everyone sat down on the lawn behind the villa. Next to the lawn is a full-size swimming pool, surrounded by wooden loungers stacked with overstuffed fat cushions.
The November weather was no longer suitable for outdoor swimming, and everyone continued to talk casually on the lawn, when the servants began to get busy, setting up folding sheds, setting up tables, chairs, and barbecue grills on the lawn from afar, and it seemed that today's dinner was being held on the lawn.
Adam Cohen offered to invite Hu Yiting to go for a walk with him, and Hu Yiting knew that he must want to talk about business, so he got up and walked with him along the vast and flat lawn into the distance.
"Hu Yiting, can you reconsider the authorization of AMD? I heard that AMD has contacted you. ”
Hu Yiting thought for a while: "It's really not. ”
Adam Cohen was a little disappointed, and his brow furrowed.
"But I can postpone it a little longer. Hu Yiting made some uncertain concessions, but did not promise.
Adam Cohen happily said: "Extend it for another year, the 12-month exclusivity period is too short, and in two years, we can squeeze more than half of AMD's market share!"
"I'll try my best, but I can't give you a definite answer, it all depends on the market situation. ”
Adam Cohen pondered Hu Yiting's words, and his pace slowed down significantly.
In Hu Yiting's view, before Chongguang can produce its own X86 architecture processors, the more chaotic the processor market is, the better, and it is best that Cyrix and AMD can devour a large amount of Intel's market share and drag this market into the Warring States Period.
There are three benefits to a scuffle in the processor market. First of all, Intel, which has sharply reduced profits, will inevitably be constrained in R&D investment. Second, the scuffle between major manufacturers contributes to the proliferation of technology. In the end, when Chongguang completes his rise, the enemy he faces will not be too strong.
Adam Cohen finally said: "In any case, I want to thank you for reducing the proportion of Chongguang's technology licensing fees, the previous 20% is too high. ”
Hu Yiting smiled slightly and said: "Mr. Friedman proposed to me to cooperate in the development of the next generation of multimedia instruction set, but I told him that multimedia instruction set is the only core technology that Chongguang can get his hands on at present, which is the core of our business, involving many core technologies of our company, and we do not plan to share them with others." ”
Adam Cohen said: "I'm also a little disappointed, but our Cyrix Board of Directors values your technology and is very eager to work with you. ”
Hu Yiting said: "I also hope to cooperate with Cyrix in depth, but not in multimedia instruction set development. ”
Adam Cohen blinked, "So how do you want to work together?"
"We want to set up a flash memory factory in China in a joint venture with Cyrix. ”
"Flash Memory?NOR or NAND?"
"It's all made. ”
"Do you have the technology, and can you provide the production equipment?"
"We are currently building an eight-inch wafer fab and an eight-inch monocrystalline silicon production line in a joint venture with NEC in China to produce memory chips in 0.35 to 0.5 micron processes.
In other words, China can now import process equipment at this linewidth level. As for technology, China has some talent in the country, but it's certainly not as much as in the United States, so hopefully Cyrix can help us. ”
"Hu Yiting, your project is too big. Adam Cohen couldn't help but fall into deep thought.
After thinking about the situation for about three minutes, Adam Cohen said: "Although we Cyrix have our own fab, but it is an experimental line, we are actually the same as you Chongguang, similar to a fabless-semiconductor (fabless IC design company).
Of course, I say this does not mean that we can't afford to build a wafer factory, but you must know that the process industry is a gold hole, and the investment of more than one billion dollars at every turn is not something that every company can afford. ”
Hu Yiting stood still and stretched out his long index finger: "Chongguang will pay 10 billion yuan for the purchase of equipment for new plants and supporting factories, accounting for 51% of the shares, and Cyrix will provide technical and management personnel, and will be responsible for helping Chongguang purchase equipment, accounting for 49% of the shares." Within three years after it was put into operation, 80% of the orders for production capacity were also provided unilaterally by Chongguang. ”
Adam Cohen stood dumbfounded and steadied himself: "You mean you don't need us to contribute any funds?"
Hu Yiting nodded and said: "China's current government-led 909 project cooperates with NEC, with a total investment of 10 billion yuan, but as far as I know, the Japanese side only accounts for 28.6% of the shares, and I will give you almost double the benefits, because we attach great importance to our global strategic partners!"
Adam Cohen took a deep breath, thought about it, and felt that the 0.35 micron memory manufacturing equipment had indeed been lifted, and the memory manufacturing technology and the processor manufacturing technology were not the same in terms of complexity.
He exhaled a breath of turbidity and calmed down: "Sounds good, but where did you get so much money? You need dollars to purchase equipment, and the salaries of American engineers and managers also need to be paid in dollars, isn't your country's foreign exchange management very strict?"
Hu Yiting promised: "Our company has foreign exchange autonomy, and the current profit is enough to support the purchase of equipment and the payment of American experts, and this project is a high-tech industry valued by the government, and we will definitely be able to get land and bank loans from the government, so please rest assured that the funds are above." ”
In fact, Hu Yiting still has no bottom in his heart, and at present, even if Chongguang Company counts the total profits of all orders obtained from this trip to the United States into the company's foreign exchange account in advance, it only has more than 400 million US dollars in reserves, which is enough to buy equipment, but it is really disturbing to spend almost all of its foreign exchange at once.
In addition, although a total investment of 10 billion yuan is a gimmick, in terms of domestic investment, it is indeed a very nerve-wracking thing to find where to get money from the huge gap of 35 billion yuan.
It's just that in Hu Yiting's view at the moment, it doesn't matter if you can do it with money, the most important thing is to try to rely on the Cyrix, which is now infinitely beautiful, to get the flash memory manufacturing technology in hand, this thing is not as good as processor manufacturing, and the Western equipment control is relatively loose, because the Japanese are now very strong in memory manufacturing, such as this COMDEX exhibition, the Japanese even 0.23 microns 1GB Laboratory products of DRAM memory modules and 256M memory chips have been made, which can't help but make major memory manufacturers in the United States such as Micron, Intel, AMD and others not anxious.