Huahong, or semiconductor companies dominated by state-owned assets, their main goal is not business management, not profits, but to keep their position.

In the semiconductor field, there is no such thing as a surefire business, and most decisions require risk.

Hua Hong thought about relying on NEC before, but as a result, NEC was not as good as a year, and there were huge losses for three consecutive years, even a century-old giant like NEC, which made Hua Hong even more afraid to make decisions.

It is easy to use the funds on the books to expand production, but who will bear the responsibility after the expansion, it is difficult to get orders without bundling empty production capacity with Xinxin, and it is difficult to get orders without cooperating with Xinxin, relying on Huahong's management system, the treatment is not good, the management level is not good, the yield rate is not up, and there are orders that may also be lost.

Of course, enterprises can not afford not to operate, which belongs to the rat drill bellows at both ends of the gas. So what to do, they will have extremely strict requirements for the legality of the procedure, put a lot of energy on the preliminary feasibility study, and then the intermediate process requires all leaders to sign and agree as much as possible.

Everyone is accountable.

This procedure is indeed legitimate, but the lengthy process makes them not competitive in the highly market-oriented chip field.

From making a decision to putting into production more than twice as long as others, it means that the funds are wasted twice the time, and the yield rate after production climbs more than twice as slowly as other companies, and the low profits under multiple factors are terrible, and even losses are not uncommon.

This is the current situation of Huahong, and it is not only a problem of Huahong, at present, all state-owned enterprises in the semiconductor field are facing similar problems, and the disadvantages of rigid mechanism are very obvious in the field of highly market-oriented and competitive chips. Hua Jing is even more exaggerated than Hua Hong.

In this context, Hua Hong thought of it, and simply did not take charge of the specific operation, and threw all the production to Xinxin, and Hua Hong was only responsible for asset management.

That is to say, Huahong is responsible for the money, Xinxin is responsible for management, and everyone comes to the point every year to share the accounts. Hua Hong went from a semiconductor company to a financial company.

Later generations of energy investment companies are playing this way, investing in photovoltaic projects but not responsible for specific operations.

Zhou Xin said: "Professor, this kind of requirement is too specific, and I definitely don't know as well as you, whether Xinxin is suitable to take over all of Huahong's chip production capacity."

However, I do have my own ideas, and this is also a way out, the assets of state-owned enterprises are managed by private enterprises, and the other party is responsible for supervision and dividends, and we are responsible for specific management.

In the past, whether we were with Huahong, Belling, or Shougang, our cooperation model was like this.

But like Hua Hong proposed, all by the new core escrow, equivalent to we have taken another big step in this model, if you think you can, before doing to ask Shen Hai's opinion, must let them issue a document to express support for similar events. ”

Hu Zhengming corrected: "It's not that we go to Shen Hai, but Hua Hong himself to find Shen Hai."

Now it is Huahong who asks for us, not us who asks for Huahong.

To be honest, the specific operation of the joint venture company of Xinxin Technology in the past two years has made many companies in the market want to cooperate with us, including many foreign companies, such as Motorola and NEC, who have expressed similar intentions with us.

We have a lot of choices, but Huahong's choice is only Xinxin, no, there may be SMIC.

But even if they cooperate with SMIC, it's nothing, because we're big enough now, and what we need to do now is to work hard, not continue to expand. ”

Hu Zhengming's business ideas are very clear: "Huahong's most advanced production capacity has been given to us, and his remaining production capacity is backward production capacity, and our takeover is not much help for our technological advancement."

Therefore, if Huahong wants to throw this part to the management of Xinxin, they will talk to Shen Hai themselves, and we will talk to each other after the negotiation. ”

"Jun, congratulations, on becoming the CEO of this emerging giant."

Matrix's former CEO, Seamus, was over 70 years old and retired in early 2004, and at the farewell dinner that night, it was not only to see off Seamus to enjoy his retirement, but also to congratulate Lei Jun on taking over the position of Seamus and becoming the CEO of Matrix.

He has been a vice president at Matrix for almost three years, starting with supply chain management for the past three years, and then taking over marketing, taking over R&D in the final six months of Simo's retirement.

Lei Jun looked at the elderly Seamus, "Thank you, we have talked many times, but I still feel a little apprehensive, for I am about to take over such a company." ”

The wrinkles on Seamus's face were not obvious, and if no one said it, outsiders would definitely not have thought that he was in his seventies, but when the facial features on his smiling face gathered, they could see signs of aging:

"When Newman came to me and asked me to change the world with him, I never imagined that Matrix would be what it is.

At that time, Newman was already very famous, relying on the transaction with Time Warner to hold a huge amount of cash, at that time I wanted to make mobile phones with money, but I wanted to kill Nokia and change the pattern of the mobile phone industry, which is not something that can be done with money.

It was only because Newman's self-confidence at that time made me subconsciously want to believe in him, and I left Nokia not long ago, and the reason for leaving Nokia was not honorable, and I was kicked out.

Nokia, who left thinking about revenge, now looking back, the cooperation between me and Newman took revenge on Nokia, Nokia was completely defeated by Matrix in the high-end market, their brand lost its appeal, and the continuous losses made them lose their strategic focus, and they wanted to make efforts to recover the decline but could not find the right direction.

Chasing behind Mphone and copying the form of Mphone, they can't achieve a breakthrough in technology, and they don't have so many supporters in ecology.

But what excites me more than Revenge Nokia is that we have done it, completely changing the landscape of the mobile phone industry, and today smartphones have become a field that every mobile phone manufacturer wants to enter.

The definition and products we pioneered became the mainstream direction of the industry.

Jun, I think you've done a great job in the past three years, and I'm relieved to hand over Matrix to you, I don't have much advice for you, with Newman to keep a strategic eye on it, and with your super execution, I believe the future of Matrix will be better.

I pioneered the era of smartphones with Newman, and I believe that Matrix will continue to be in this era with you in your hands. ”

Seamus fell into the memories that the last three years of his career were nothing short of perfect for him, avenging his old club, ushering in a new era, and earning a fortune thanks to option incentives.

There was no update in the evening and last night due to a power outage at home

(End of chapter)