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Ikesa Hidezo learned a little later about the gathering of senior executives from Kumho, Yunyuan, Deyi, and Zhongjing Microchip in Singapore. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

Lee Hsien Seng is a prominent figure of the Lee family in Singapore, and it is difficult for him to hide and hide from the reception activities he accompanies throughout the whole process. The media may selectively forget when it is publicly reported, but it is difficult to hide some information from insiders.

Ikesa Hidezo can guess that Kumho, Deyi, Yunyuan, and Singapore have been in close talks for some time to invest in a new factory for Sinocrystal Microchip. The investment of three or four billion US dollars is a rare large-scale project in RB, and it is not so easy for the major shareholders of Zhongjing Microchip to reach an agreement on investment and engineering construction issues. Each shareholder has its own different interests, even if Kumho still holds the dominant power of Zhongjing Microchip, but the two shareholders of Deyi and the Singapore authorities have great weight and their opinions cannot be ignored.

Traditionally, such negotiations take place in secret beneath the surface, and once all the dignitaries are involved, it almost means that the negotiations are in the final stages, and perhaps the agreement is signed before dinner.

What puzzles Ikesa is why the final negotiation venue was chosen in Singapore. What kind of agreement did they reach?

At this time, among the major shareholders of Zhongjing Microchip, Kumho Corporation, held a controlling stake, and even if Deyi exercised the right to subscribe for 5% of the shares in the future, Kumho Corporation's shareholding ratio fell to 47% and lost its absolute controlling stake, but its status was still much higher than that of other shareholders.

At this time, Deyi holds 15% of the equity of Zhongjing Microchip, and also has 5% of the right to subscribe for shares, and is also the main technology supplier of Zhongjing Microchip, which should be said to be second only to Kumho Corporation.

The shareholders of the Singapore authorities are even less important than those of Deyi, and even less important than those of the management shareholders.

The choice of the most critical negotiation to take place in Singapore is somewhat puzzling.

In his residence in Beijing, Ikesa Hidezo stepped barefoot on the cold floor, standing in front of the floor-to-ceiling windows, looking at the golden sunset in the west, frowning slightly, although he knew that the mystery would soon be revealed, but he was more worried that the gap between this mystery and his previous idea was too big.

Ozawa sat in front of the low table, squinting at the bushes in the sunset outside the window.

In addition to importing technology from NEC or Panasonic, Huaxia NEC will even need Japan to provide a large amount of yen policy loans to ease the pressure on construction funds -- China's central government is not very rich, and three or four billion US dollars is enough to build a large nuclear-powered aircraft carrier.

As the plenipotentiary of the Japanese side, Ozawa bears a lot of pressure on his shoulders; In comparison, Ikesa hidezo hides behind the scenes and directs, but he doesn't have to bear any responsibility. The current situation is quite clear, and although the previous plan was perfect, the efforts to block Kumho financially can be said to have been a complete failure.

Who would have thought that Microsoft would finally accept Kumho's $900 million offer for a 30% stake in Global Music Online?

This news will also stimulate the confidence of Chinese businessmen in Southeast Asia in Kumho Firm, which has greatly strengthened its financing capacity in Hong Kong and Southeast Asia. Even if Kumho Corporation does not reduce its stake in Quantum Online, it will not have a big problem financing the construction of the two new fabs.

Would it be wiser to terminate the new construction plan of the China NEC? Xiao Xiongze thought so in his heart.

Ikesa Hidezo's mind was completely off this, he turned around and asked, "Why did they choose to conduct the final negotiations in Singapore...... Isn't there clear news that the successive huge losses of chartered semiconductors in recent years have made Singapore's Temasek and the Government Investment Group see it as a daunting way to invest in fabs? ”

"Perhaps Singapore will face a lot of risks in fab investment because of Kumho's rapid growth, and may look forward to cooperation in other areas to reduce the risk of fab investment," said Ozawa, "If Kumho is willing to transfer some of its equity in the core company, I don't think Singapore will be too stingy......

Ikesa knew what Ozawa was saying: If Kumho was willing to accept infiltration by the Singapore authorities, Kumho would become even more difficult, not to mention the more mysterious Singapore government investment group, and Temasek Investment Group could easily mobilize tens of billions of dollars in capital. Kumho's rapid growth, combined with its abundant capital, will become a formidable monster.

Lee Hsien Seng, senior director of Temasek Investment Group and a core member of the Lee family in Singapore, may have a deeper intention in attendance at today's reception.

Despite this possibility, Ikesa Hidezo shook his head and denied it, saying, "Kumho's roots are not deep enough at this time, and if we accept Temasek's infiltration, it will be easy for Temasek to turn against the customer...... Zhang Ke wouldn't be so stupid. Of course, it's normal for Temasek to have such intentions, and if it were possible, why would you buy the whole Aida Group with $10 billion? ”

"It doesn't seem necessary to discuss." Ozawa said that although Kumho placed its overseas business under Kumho Corporation, which made the overseas profits directly shared by the Aida Group low, it was unbelievable that Kumho really wanted the Aida Group to be listed overseas, and in the current capital market environment, the market value exceeded $20 billion.

Kim Nam-yong knew that the important figures of the major shareholders of Zhongjing Microchip had gathered in Singapore, so he rushed over to see Lee Jae-so.

"This is the chairman's handwritten letter from the headquarters......" Lee Jae-so sat calmly behind his desk and pushed a fax to the desk for Kim Nam-yong to pick up and read.

"The Singapore authorities seem to have recognized that the Asian wafer market is increasingly volatile and that it is difficult for Singapore fabs to survive......

Kim Nam-yong looked at the fax of Lee Kun-hee's handwriting, and was stunned for a long time before saying, "Ji Zuo Xiuzang has done so many things with all his might, and he is just fighting around an empty target?" ”

"Whether this is the mystery or not, I believe there will be results soon." Lee Jae-so said.

Singapore is actually a link in the industrial interest chain of Europe and the United States, and without the tacit consent of the West, it is impossible to unilaterally transfer higher-end wafer process production lines to the mainland. Kumho entered into a technology transfer agreement with Deyi and obtained approval from the U.S. government, which can actually be said to be a license for the transfer of Singapore's 0.25\0.18 micron wafer production line to the mainland.

Neither Kumho, Zhongjing Microchip, nor Deyi have publicly announced that they will build a new factory.

"Am I supposed to break the bank and buy shares in Chartered Semiconductors?" Kim Nam-yong joked.

"I'm afraid it's too late, before the London stock market opens, the mystery will probably be revealed." Lee Jae-so said that the chartered semiconductor was listed and traded on the London Stock Exchange, and the London Stock Exchange opened for trading at four o'clock in the afternoon Beijing time, Lee Jae-so looked at his watch, it was already two o'clock in the afternoon, and he thought that the mystery would be revealed within two hours, "The licensed semiconductor now has six lines of 0.35 microns, ten lines of 0.25 microns, eight lines of 0.18 microns, and the construction plan of six lines of 0.13 microns has been frozen for the time being." Most likely, the concession will transfer most of the ten lines of 0.25 microns and a small part of the eight lines of 0.18 microns to Zhongjing Microchip, and obtain funds to restart the 0.13 micron project......"

In the 0.35\0.25 micron wafer foundry market, the licensed semiconductor has lost its competitiveness, and only maintains a meager profit in the 0.18 micron foundry market......

It's really strange for people to think, once they understand it, they suddenly understand that they can think through everything, but they never thought that Kumho would be able to find a different way.

At this moment, the administrative secretary knocked on the door and walked in: "The latest news, Temasek Investment Group and Chartered Semiconductors and Sinochip Microchip will hold a joint press conference at the Fullerton Hotel in Singapore at 3 o'clock......"

"Is there a live news?" Kim Nam-yong asked.

"No," replied the Administrative Secretary, "all the staff of the Headquarters Economic Research Institute are in Singapore and will come to the press conference. ”

"It's almost time for the news." Lee Jae-so said.

Kim Nam-yong sat in Lee Jae-so's office and waited for news from Singapore to come back, and the joint press conference was held on time at three o'clock, and the time of the press conference seemed to be very short, and at half past three, the content of the press conference was faxed -- the final agreement between Chartered Semiconductor, Temasek and Zhongjing Microchip was an agreement to exchange assets for equity and cash.

Temasek injected its stake in DBS Bank into Licensed Semiconductor at the original price, and Licensed Semiconductor sold its two 0.35 micron lines, six 0.25 micron lines and 0.18 micron two lines to China Crystal Microchip at a discount of US$1.6 billion, and fulfilled its obligation to co-finance the construction of the new fab.

In the end, the concession semiconductor will obtain a 15% stake in Zhongjing Microchip and $1.3 billion in cash, in addition to obtaining part of the construction funds required for the advanced wafer manufacturing production line, the most important thing is to convert most of the loss-making assets into high-quality equity assets; On the other hand, the high price of loss-making assets also made up for the huge losses in the early stage to a considerable extent. Licensed Semiconductor will also obtain a large number of chip foundry orders from Deyi and Kumho to enhance profitability.

Temasek Investment Group, which at first glance did not appear to be making much gain, has improved the financial position of the Chartered Semiconductors. Temasek's biggest benefit in recent years is to be able to remove this heavy burden, in addition to expanding its control over the licensed semiconductors and ensuring its influence on China Chip through the licensed semiconductors.

For Sinochip Microchip, Kumho and Deyi, the budget for the expansion of Sinochip's Xinpu factory and the construction of the two factories will be compressed to about US$2 billion, so as to avoid additional huge losses due to the explosion of production capacity in the Asian wafer market.

Although Sinochip attaches great importance to the training of local engineering and technical personnel, it has only been two years no matter how much attention is paid to it, and the training of senior engineers in the wafer process requires five years or even longer training, and the daily production and process research and development of Sinochip Microchip at this time mainly rely on nearly 300 external middle and senior engineering and technical personnel. Although it can obtain technology from Deyi, but digesting Deyi's technology and building and operating a new factory, Zhongjing Microchip still has a serious shortage of qualified middle and senior engineering and technical personnel.

Licensed Semiconductor has a mature production system and operation in 0.25 microns and 0.18 microns, and has also trained a large number of engineers. Even if the new 0.13 micron wafer fab is completed, the production capacity will be reduced to a considerable extent, and a group of engineers will be idle and can be transferred to Zhongjing Microchip to support the construction and operation of the new fab.

In the definitive agreement reached with the concession semiconductor, the concession includes terms for engineering and technical assistance and engineer transportation, and the concession will send the first batch of 100 engineers to Jinshan to participate in the construction of the 0.25 micron wafer fab.

Kim Nam-yong sat in Lee Jae-so's office and carefully pondered the cooperation agreement between Sinocrystal Microchip and Licensed Semiconductor, and before he knew it, it was past four o'clock. At four o'clock Beijing time, when the London stock exchange opened in the morning, Lee Jae-so walked out for a while, walked back to the office, and asked Kim Nam-yong: "You didn't have the money to buy licensed stocks, do you know how much you lost?" He sat back in his seat and turned the monitor to Kim Nam-yong to watch the stock price of Licensed Semiconductor soar like a torrent at the opening.

"It's only 500 percent, the enthusiasm is a little over, there may be a ...... fall" Jin Nanyong smiled helplessly, the licensed semiconductor has lost money for nine consecutive quarters, and it is a plague stock in the London stock exchange market, and the stock price has soared at this time, which shows how popular the cooperation agreement with Zhongjing Microchip is in the market. In detail, it is Temasek Investment Group, the major shareholder, that is the most profitable on the books, and it is very difficult for Mitsui and other Japanese chaebols to sabotage the cooperation between Zhongjing Microchip and licensed semiconductors.

Lee Jae-so sighed slightly and said, "I really don't know what Ji Zuo Xiuzang will think in his heart?" In addition, you can accompany me to Wenzhou tomorrow...... "Not only Samsung Hongxin's wafer factory project should be accelerated, but in the face of such a fierce Kumho, Samsung's other industrial layouts in China must be accelerated."

Zhang Ke has not had the opportunity to be alone with Jingmeng in Singapore, and left Singapore on the 10th and flew to Jinshan via Hong Kong.

Students at the University of Hong Kong have already begun to enjoy a month-long winter break, and Tang Jing returned to Jinshan two days earlier than Zhang Ke.

When Zhang Ke arrived at Jinshan, he naturally hoped to take Tang Jing to Xu Xueping's house at night to eat, or directly cook a delicious meal for everyone at Tang Jing's house. The others have not yet walked into the pick-up hall, standing in front of the baggage conveyor belt with the staff and waiting for the luggage, through the floor-to-ceiling glass, they saw a bunch of people standing next to each other in the pick-up hall, Tang Jing stood beside Zhao Youlun and waved excitedly here.

Before getting on the plane, I specially called Tang Jing and asked her to pick up the plane together, passing through Dongtang at dusk, and I could see the birds in Dongtang returning late, but I didn't expect Zhao Youlun to run over to join in the fun, and there were a bunch of accompanying officials around him.

Zhao Youlun was a little impatient to see Zhang Ke, knowing that Zhang Ke would go to Jinshan today, but he didn't know where he was transferring from, and he knew the specific flight, staring at Tang Xueqian's daughter, and followed him to the airport to intercept Zhang Ke.

Kumho's investment plan in Jinshan, Zhang Ke has communicated with Zhao Youlun, but in Zhao Youlun's view, the previous communication was just Zhang Ke drawing a big pie for him, and before it was really implemented, even if Zhang Ke brought him the hundreds of pages thick project plan to show him, Zhao Youlun did not dare to have too many expectations...... The 10 billion yuan pulping project is still a pie painted on paper?

It was not until the cooperation agreement between Zhongjing Microchip and Licensed Semiconductor was announced, and the new factory construction plan of Zhongjing Microchip was unveiled to reveal its true face, that Zhao Youlun believed that the time was finally coming. However, Zhongjing Microchip introduced a total of ten lines from the concession this time, a few lines are placed in Jinshan, and a few lines are placed in Jianye, which side of the new factory will break ground first? These questions are unresolved, and Zhao Youlun naturally has trouble sleeping.

As the economic, cultural and political center of Jiangnan Province, Jinshan has not introduced a billion-dollar investment project so far, which is really a bit embarrassing.

The negative impact of the Jinshan Lake embankment failure on Jinshan is too great, and the province's current economic work is focused on Xinting, although Zhao Youlun is in power and holds the two positions of secretary and mayor, life is not easy.

Watching Zhang Ke walk into the pick-up hall with his hands in his hands, Zhao Youlun didn't care about the little lover's farewell and was in a hurry to make love, he took the first step to greet him, and said with a hearty smile: "Should you sneak by Jinshan again and don't shoot a shot?" I'll do the east tonight, and you can pick the place. ”

"That's it," Zhang Ke also knew that he couldn't get rid of Zhao Youlun, looked at his watch, and said, "I plan to get off the plane and go to Dongtang for bird watching, and then go to Uncle Xu's house with Tang Jing for dinner, if Secretary Zhao can accommodate my time, he will go to Uncle Xu's house with me for a meal......

It would be great to have the opportunity to be intimate with Xu Xueping, Secretary of the Provincial Party Committee, Zhao Youlun nodded hurriedly and agreed: "This is the best, the Dongtang project has also entered the early stage, and I want to take time out to take a look at ......it."

With one more Zhao Youlun, the family banquet will not become a family banquet, Tang Xueqian is in Xinting, Gu Jianping did not come to join in the fun, Zhang Ke and they passed through Dongtang by car, and did not delay much time to watch the late return of the birds, so they drove directly to the residence of Xu Xueping, the provincial government guest hotel. Xu Xueping went home from the provincial party committee ahead of schedule and invited Liang Weifa to his home for dinner, knowing that the Jinshan factory project also affected Liang Weifa's mind.

Xu Xueping's residence in Jinshan, in front of the house and behind the house, the trees are deep and clean, even if it is cold and painful, there is not much depression.

Zhang Ke, Xu Xueping, Liang Weifa, and Zhao Youlun sat in the study and chatted, and at this point today, Zhang Ke no longer sells Guanzi, and said directly: "Zhongjing Microchip will have eight lines in Jinshan, two lines of 0.35 micron threads, and six lines of 0.25 micron lines, and the investment budget of Jinshan is about 1.6 billion US dollars." It is said that Zhongjing Microchip will build two new factories, but in fact, the two lines of 0.18 micron threads will be merged into the Xinpu factory, and no new factories will be built......"

Zhao Youlun didn't expect that the investment of two billion US dollars, Jinshan could get eighty percent, rubbing his hands, naturally there was indescribable excitement, but at the same time he was thinking: Will Zhongjing Microchip's plan make Jianye full of opinions? He thought so in his heart, but he wouldn't say it, and the selfish thought was that Kumho and Jian Ye really had friction before they applauded.

Zhang Ke also said: "The licensed semiconductor has six lines of 0.35 micron threads, in addition to the transfer of two to Zhongjing Microchip, it will also invest in Jianye to build a new factory to accommodate the remaining four lines, regardless of whether Huaxia NEC's investment can be implemented, Jianye will usher in the third wafer factory......"

"Oh, that's how it was arranged!" Liang Weifa sighed, Kumho has finally introduced another wafer factory to Jianye, which will make Jianye's electronics industry more deeply rooted.

"For the time being, Zhongjing Microchip is still mainly to meet Kumho's internal orders, and will not develop the foundry business on a large scale, so this time it did not eat all the production lines that the franchise wanted to eliminate, but persuaded the franchise to go to Jianye to build a new factory in person. However, Kumho will also have a small stake in the new factory invested in Jianye...... "Zhang Ke said.

Xu Xueping smiled and said, "You always don't forget to bring a stick to others......"

Sinocrystal Microchip mainly satisfies Kumho's internal orders, but the wafer fab chartered to invest in Jianye is mainly in the foundry business. The long-term loss of franchising is not due to the poor technology and poor management of the franchising, but mainly due to the high cost of Singapore and the narrow pattern of the local electronics industry; Once the concession moves the production line to the mainland, it can make up for the previous disadvantages to the greatest extent and give full play to the greatest competitiveness, at that time, Huaxia NEC will be directly threatened by the competition of the new concession factory.

Huaxia NEC can compete for a licensed new factory in the OEM market, that's the hell.

The information disclosed by Chartered Semiconductor this time does not mention the plan to build a new factory in Jianye, and it is thought that it is also to let Ge Jiande and others continue to jump, and then choose to slap them after they are most carried away to be called wonderful.

Zhang Ke smiled and said: "Anyway, the Jinshan factory will break ground first, and the announced construction budget is 1.2 billion US dollars......"

Liang Weifa was thinking about another aspect of Zhang Ke's words, and asked: "Zhongjing Microchip is going to add ten new lines this time, and they are all mainly to meet Kumho's internal orders?" ”

Liang Weifa reminded Zhao Youlun that he was also aware of the subtleties, and he had recently studied the knowledge of wafer manufacturing. Zhao Youlun silently calculated in his heart, with the addition of ten new lines, Zhongjing Microchip will have 16 wafer production lines, and the yield rate and yield rate will reach an ideal state, which can almost meet the production demand of more than one billion chips per year.