Chapter 364 [Xiongxin Electronics]
Entering November, Huawei and the Cote d'Azur company have become more closely connected, and the two sides are discussing the wafer foundry and Huawei Glory brand.
Today, Xu Zhijun came to the Science and Technology Complex Building, and also brought another Hua core executive Yu Chengdong, because of the Glory brand, Hua Wei internally decided to let Yu Chengdong, who was in charge of European business, come back to take over this task.
In addition, there is a lady, her name is Liu Yixuan, born in 1981, unlike other girls, she has longed to be an engineer since she was a child, and has been working very hard in her studies, and graduated with a master's degree at the age of 23, that is, in 2004, when the Cte d'Azur company was just established, she joined the company as an engineer.
It has to be said that female engineers are relatively few in technology companies, although Liu Yixuan is a woman, but very capable, joined the company and entered the Cote d'Azur laboratory to start semiconductor-related research work, and now with the company to today, in the five years of work, her ability has been improved, and has been recognized by Luo Sheng.
She is 28 years old this year and is still single, as a woman, she is about to turn 30 years old, and she can no longer be considered young, but as an executive of a large company, she is definitely young.
This time, in order to establish a new joint venture between the Cote d'Azur and Huahua to focus on the field of chip wafer foundry, Luo Sheng and Huawei reached a consensus on the results of the discussion, and this time it was led by the Cote d'Azur, so the head of the company chose Luo Sheng to get it.
And he valued Liu Yixuan.
"It's called 'Xiongxin Integrated Circuit Manufacturing Co., Ltd.', referred to as Xiongxin Electronics." Luo Sheng proposed that at this moment, the two sides were discussing the matter of a second joint venture company.
Xu Zhijun and other representatives have no opinion, what is the name of the person who does practical things is secondary, and this name is also Luo Sheng's temporary idea, so he said it by the way.
There was no objection from everyone, so the name was decided.
"I suggest that the headquarters be set in Shencheng, because Huaxin International is in Shencheng." Yu Chengdong said with a smile, well, just like ordinary people opening a small shop to do business, the taste of opening diagonally opposite the other party is self-evident.
The main consensus has been reached before today's meeting, and the establishment of Xiongxin Electronics is of course very smooth.
The joint venture has a registered capital of RMB 15 billion, of which Criste d'Azur will contribute RMB 10.5 billion, accounting for 70% of the equity, and Hua will contribute RMB 4.5 billion, accounting for 30% of the equity.
The business period is from November 2009 to November 2059.
Xiongxin Electronics needs to inject R&D costs in the future, and both parties have to contribute capital according to the proportion of shares, and if one party is unwilling to inject more R&D investment costs, the equity will be diluted in equal proportions.
This is the biggest difference with Lens Semiconductor, you must know that Lens Semiconductor's R&D investment is all made by a company, and the Cote d'Azur holds a permanent 34% stake.
Now the earning capacity of the Cote d'Azur has been more than the plough for the bull, naturally, the plough for seeing this situation is not stupid to suffer, the huge enterprises also want to maintain profits, and R & D investment is really very money-eating.
Another difference is that Xiongxin Electronics is controlled and led by the Cote d'Azur company, Hua is the representative of the board of directors, and the first head is Liu Yixuan.
And Xiongxin Electronics does not have a privileged department such as the mobile processor division of Lens Semiconductor, you must know that Lens Semiconductor is dominated by Huahua, but this department is Luo Sheng's final say.
Xu Zhijun and Yu Chengdong stayed here for almost two hours, and after a specific consensus was reached, they also said goodbye and left.
Mr. Yu, who was responsible for leading Huawei's European business, was transferred back to grasp the mobile terminal business group, and the first CEO of Huawei Glory was Yu Chengdong, which was a smartphone brand established by Huawei separately, and its headquarters was in Pengcheng.
Xiongxin Electronics chose to land in Shencheng, Luo Sheng will not be all gathered in Suzhou, although Sucheng will be happy, but it is not conducive to the development of the local economy.
To achieve such a big business, he also has to consider the balanced development of the region, and cannot be too concentrated in the Yangtze River Delta Economic Belt, or the Pearl River Delta Economic Belt, let alone too concentrated in a single city.
Anyway, as long as it is domestic, the integration of the industrial chain will not be as troublesome as the transnational supply chain, and it can also promote the economic flow of various regions and drive the overall economic development of the country.
Considering only the development of the enterprise itself, the scale is small enough to say, but if you do not consider the social feedback brought by the scale of 100 billion US dollars, the final result will definitely be backfired.
Now the land price in Sioux City has risen like crazy, and the biggest reason is that there are already several multinational groups of volume giants entrenched here, which gave birth to the birth of the "land king".
Today, Sioux City is regarded as a quasi-first-tier city and a 1.5-tier city.
Bluestar Technology, Cote d'Azur, Lens Semiconductor, Shengfeng Capital. The existence of these large enterprises is crazy to absorb resources and nutrients from all around.
As a result, the surrounding area is "barren", and the development is becoming more and more uneven, and the Xicheng next door is very miserable, because it is too close to Sioux City, and the two places are separated by about 40 kilometers in a straight line.
But the talents just went to Sioux City, which can really be described as a wall apart, and there is a world of difference.
The people of Huawei are gone, but Liu Yixuan is still there.
"Mr. Luo, did you choose Xiongxin Electronics to land in Shencheng, do you want to prepare for the merger and acquisition of Huaxin International in the future?" Liu Yixuan asked.
It is not unreasonable for her to speculate like this, today is November 3, and just the morning before, Huaxin International announced two major news.
First, the six-year-long litigation dispute with China Semiconductor Manufacturing Company (TSMC) has come to an end, and the two parties have reached an out-of-court settlement to acquire approximately 10% of the shares of Huaxin International, which has agreed to acquire these shares and abide by the restriction agreement, and will not strive to enter the board of directors of Huaxin International or interfere with its daily operations, and will only exercise shareholder voting rights on Huaxin International's proposals.
Second, Huaxin International lost 200 million US dollars in compensation, which is much less than the 1 billion US dollars speculated before, and Huaxin International currently has about 450 million US dollars in cash on hand, and this year's cash flow is also positive, and this compensation will not cause an existential crisis for the company.
Third, Mr. Zhang, the head of Huaxin International, was forced to resign, from losing the lawsuit to announcing his resignation, in just one week, Zhang Rujing signed the resignation document, and at the same time, he also signed a non-compete agreement: from 2010, within three years, he is no longer allowed to engage in chip-related work, for a 61-year-old engineer, it seems to be the end of his career.
Recently, there has been news that Mr. Zhang may be engaged in some charity or educational work.
Almost in a short day, Huaxin International, as the existence of the bull's ear of the wafer foundry industry in the mainland today, encountered three unfortunate things in a row. In some ways, the company has lost its right to be autonomous.
Luo Sheng tilted his head to look at Liu Yixuan and said with a smile: "You shouldn't be guessing that Huaxin International's recent turmoil has contributed to me, right?" ”
Liu Yixuan smiled, looked at her and asked, "No?" ”
Before Zhang Rujing came to talk about business, he expressed his intention to merge and acquire Huaxin International, although nothing was negotiated in the end, but it didn't take long for the Cote d'Azur to spend a huge premium of 70% to acquire 7.2% of the shares of Ti Si Ti Si Ti Si Mc, and the front foot just sent a director to enter Ti Si Ti Si, and Hua Xin International encountered three unlucky things one after another, and Liu Yixuan thought so.
Luo Sheng retracted his gaze and shook his head: "Of course not, if I can influence the United States to be the first to disagree, the Cote d'Azur investment in TSMC also complied with the restriction agreement, and the stationed directors only exercised the right to vote on the proposal of the company, and could not interfere with its daily operations, and the lawsuit between the company and Huaxin International did not have any influence from me." ”
Speaking of this, Luo Sheng looked at Liu Yixuan again and added: "In fact, even if Huaxin International wants to sell me now, I won't accept it, the equity in it is quite complicated, and I don't know how many pits, it's better to touch less." What I want is technology and talents, and the arrangement of Xiongxin Electronics in Shencheng is actually to compete with Huaxin International for a few talents, and it is easier to attract talents within Huaxin International, which is the essence. ”
"In addition, Huaxin International has nothing worth looking forward to, as for semiconductor manufacturing equipment such as lithography machines? We can buy it ourselves, the lithography machine can be purchased by A**L, we now have a set of key semiconductor technology patents in our hands, which can be used as a bargaining chip exchange, not to be able to obtain the most advanced lithography equipment, but the 45nm process lithography machine can be negotiated in exchange. ”
Liu Yixuan, who was listening, nodded silently involuntarily, once the 45nm chip lithography machine equipment is in place, Xiongxin Electronics will become the first semiconductor company in the mainland to have the production and manufacturing of 45nm process, and it can become an industry leader in the mainland.
Huaxin International's competitiveness will soon show a backward situation, because Xiongxin Electronics will also receive some technical support from Semiconductor Manufacturing Co., Ltd., including some cooperation in talent circulation.
Although nominally Xiongxin Electronics and TSMC should be competitors, TSMC will definitely not give each other its housekeeping skills.
When a company grows to a scale of 100 billion US dollars, competition and cooperation exist at the same time, after all, in addition to the world's wafer foundry, Samsung and Intel themselves also have this ability.
Nowadays, the cooperation with the Cote d'Azur is so close, and the interests are complex, there is no need to stiffen the relationship between the two sides in some side matters, not to mention that the current semiconductor industry market is too big.
It's really very big, and now companies don't consider the problem of overcapacity at all, it's true that how many chips you can produce, the market can quickly digest it, especially the soaring demand for chips in the Greater China market.
The overall scale of the chip market has not yet reached the bottleneck, and everyone can eat thirteen points without grabbing customer orders, and they can't just toss blindly because they are full.
However, it is not a good thing for Huaxin International, and the competitive pressure brought by the birth of Xiongxin Electronics is definitely worse at this juncture.
……
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