Chapter 879: Taking over Huajing

After communicating with Lin Qi for a while, Minister Hu officially explained his intentions.

Lin Qi nodded and said: "The biggest problem with the 908 project is that the progress is too slow, and it will not be put into production until 94. If it had been put into production two years earlier, it might have almost paid off by now. According to the current market Hangqin, assuming that the monthly production capacity really reaches 12,000 pieces, each piece is cut and packaged into 200 2MB memory particles. 2.4 million DRAM particles, each DRAM is up to 5 yuan, and the monthly turnover is tens of millions. Hundreds of millions of yuan a year, not to mention equipment depreciation, labor wages, and production costs, let me say one, the bank interest-bearing liabilities should not be less than 1 billion yuan, right? It is also very difficult to pay interest on a year's output...... Not to mention, the problem of labor wages and yield rates, etc. ”

"Can't you just pull a hand?" Huajing's management, very excited, said, "Although, objectively, we did fail to do so. However, when the plan was first formulated, it should not be far behind. Even, in terms of production capacity, due to the introduction of internationally mature mass production equipment, a wafer factory is at least 2~3 of domestic Xinchuang Chips and Lishan Semiconductors. ”

Hu Weiwu was unhappy and said: "It can't be compared like this, theoretically, the production capacity of a production line of Huajing is 3 times higher than that of our new venture core factory." But I built 3 factories, and the cost added up to definitely not more than 150 million yuan. And, thanks to our team, the yield rate is higher than yours. What's more, the 1 micron production line is a backward production capacity, and now, our mainstream process is gradually transitioning to 0.5 microns. Upgrading to 0.25-bit process in two years is no problem. Production efficiency, process and yield are more important. Without first-class technology, we can only produce low-cost and low-profit products!"

Minister Hu looked at everyone and said: "Manager Hu, Mr. Lin, you use DRAM to measure the output benefit, which is a bit unfair, everyone knows that the price of DRAM in the international market has plummeted, and your new Chuangxin is one of the murderers who launched the price war." The 908 project, the process is indeed a little behind, let it produce DRAM, which is equivalent to a quick suicide. Not only can you not earn back the capital, but you can't even pay bank interest. Can you ...... Help Huajing, our Ministry of Electronics Industry can give preferential policies. ”

Lin Qi said frankly: "Hua Jing's burden is too heavy, if we go to meddle in Hua Jing." I'm afraid, the Ministry of Electronics Industry and other units, a bunch of mothers-in-law come to make trouble. ”

"The system is not flexible enough, we can change it!" Minister Hu said, "We can allow the new venture electronics group, which holds Huajing Company, to change it into a joint venture." In addition, tax exemption will be given for 3 years, and in addition, the local government of Wuxi will also actively cooperate and can give free industrial land. After the tax holiday, the national and local governments will continue to give a certain degree of tax rebate subsidies. Let's put it this way, even if Huajing's existing production capacity is lagging behind, it cannot achieve profitability. But you can borrow the name of Huajing and enjoy preferential policies. ”

Lin Qi thought for a while and said, "...... management"

"It's all about your new start-up, and you're the majority shareholder!" said Minister Hu, "Actually, there's nothing to be ashamed of. The 908 project is so ugly that the 909 project is basically considered, and after the joint venture, the management is handed over to foreign capital. Make use of the advanced management experience of foreign-funded enterprises to avoid project failure. ”

Lin Qi felt funny, the 909 project was cooperated with Japan's NEC. And NEC itself is a loser in the semiconductor industry, and will only transfer low-end capacity and low-margin orders to joint venture factories in China.

In fact, Japanese manufacturers are treacherous and cunning, and they do not profit from the operation and management of the 909 project wafer factory at all. However, in the process of preparing for the factory, a large amount of equipment and technology, because it is to cooperate with the Japanese side, the Japanese side is in charge of the management rights. Well, naturally, the representatives of the Japanese side consider only the interests of the Japanese company NEC. We continue to dig out China's wallet and deliver orders to Japan's NEC.

If the 908 Project can be called the Whampoa Military Academy of the domestic semiconductor industry in later generations, it cannot retain talents, but it is a continuous flow of talents to other domestic enterprises, at least it can be regarded as a school.

The 909 project, that's the real cheat.

Of course, after the continuous failure of the 908 and 909 projects, it will lead to the domestic semiconductor industry, and the scale of investment is getting smaller and smaller. In addition, the Ministry of Electronics Industry was once again abolished due to successive failures, and its functions were taken over by the Ministry of Information Industry.

After the establishment of the Ministry of Information Industry, the main focus was naturally on the information industry, especially on the Internet, which is easy to produce report cards.

As for the field of integrated circuits, if it were not forcible development from above, ordinary technocrats would rarely gnaw on this hard bone themselves. Not only is it difficult to chew, but it is also easy to fall into the pit.

"Okay, for Minister Hu's sake, I'll reluctantly help Hua Jing!" Lin Qi said, "However, I want to make three chapters of the law." After we took over Huajing, the management was mainly based on me, rather than having to deal with a bunch of bureaucrats from government departments and institutions above. We will not lay off employees, but we must obey our new rules and regulations, the system of Xinchuangxin! If you make a mess and don't have the ability, I will pack it up and send it back to you. ”

"No problem!" Minister Hu said excitedly, "You can keep those who can use it, and if you can't use it, we will help wipe your buttocks." As long as the assets of the 908 project can be revitalized and done well, everything else is a trivial matter!"

Lin Qi nodded and said, "Okay!"

With Lin Qi and Minister Hu making the decision, Xinchuangxin Company invested 150 million yuan to take over 51% of the equity of Wuxi Huajing Electronics Group. In addition, in terms of operation and management, it is also completely dominated by Xinchuang Xin.

In addition, Hu Weiwu suggested that the order for the VCD decoding chip that Xinchuangxin no longer wanted to do should be handed over to Huajing.

Xinfei Electronic Technology Co., Ltd., a subsidiary of the new entrepreneurship department, invented VCD in the 80s, and with the diffusion of technology patents at the end of the 80s, the annual sales volume of VCD DVD players far exceeded the history. In 93 years, the sales volume of VCD DVD players exceeded 100 million units. Although there was a decline in '94, it is estimated that it will not be less than 90 million units.

Xinfei Electronic Technology Co., Ltd., although after the launch of DVD, has successively reduced the production capacity of old products such as VCDs and CD-ROMs. However, there is still a market for old products, and there are still profits, so naturally they are still continuing to make VCDs.

At present, the VCD player of Xinfei Electronic Technology Co., Ltd. has dropped to about 20%. However, sales are also close to 20 million units a year.

In line with the principle that fertilizer and water do not flow into the fields of outsiders, Xinfei's orders for decoder chips are basically handed over to domestic chip factories.

A VCD decoding chip costs 50 yuan, and an order for 10 million decoding chips can just feed Huajing's existing production capacity. After the old production capacity is on the right track, Xinchuangxin plans to put into operation an 8-inch silicon wafer production line and a 0.5-micron process chip production line in the name of Wuxi Huajing to produce DVD decoding chips.

At present, the technology patent of DVD is monopolized in the hands of Xinfei Electronic Technology Company, so DVD is still a profiteering business. A DVD decoder chip, although not as expensive as the mainstream configuration CPU of Pangu computers, is still as high as 200 yuan a piece.

As long as the yield rate reaches the standard, the benefit of the DVD decoder chip is far higher than that of the VCD decoder chip.

"Thank you so much, Mr. Lin! Huajing will definitely live up to high expectations and strive to successfully mass produce VCD decoder chips as soon as possible!" Huajing's management couldn't help but be grateful.

Relative to the capital injection to solve the difficulty, Huajing's most critical lack of orders!

As long as there are enough orders, the production capacity can be utilized. Even if the yield rate is not high at the beginning, the technical team will soon grow up as time progresses. The technical team is getting stronger and stronger, which is also the foundation for the company to continue to make profits in the future.

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