Isn't the management department of Huaguo state-owned enterprises not aware of the shortcomings of state-owned enterprises before the new chip? Isn't there a state-owned enterprise that has done similar exploration before Xinxin?

Apparently not.

A considerable number of the management departments of state-owned enterprises have served in the following enterprises, and even directly participated in the establishment of large state-owned enterprises.

Especially in the 90s of the last century, the 908 project, which focused on Huaguo's investment of more than 2 billion RMB, had a monthly production capacity of only 800 wafers in the first month of production, and a loss of 240 million yuan in the year of production.

The main body of the 908 project is Huajing, after the tragic failure of Huajing, whether it is the enterprise itself or the competent department, or higher superiors and external media have made various interpretations.

In that era, there were not a few people who attributed the problem to the system * system * cause * , and even many masters thought so.

Therefore, there are many cases in which state-owned enterprises contribute money, production lines, and manpower, and then other capital entities are responsible for management, but these cases are rarely successful.

For example, after Huajing failed, it established a joint venture with a company called Shanghua in Xiangjiang to establish Wuxi Huajing Shanghua Semiconductor Company, with Huajing accounting for 49% of the production line shares and Shanghua accounting for 51%.

Unfortunately, these cases were successful in the early days, after the bursting of the Nasdaq bubble at the turn of the century, and as the bubble burst, the global semiconductor market also ushered in an unprecedented low ebb, and each of these joint ventures suffered huge losses.

As a result, now everyone doesn't know what to do, and the time for market-oriented semiconductor companies is too short and they have not experienced a complete cycle.

And the current Samsung is not a giant in the field of memory semiconductors in the future, the more the low tide period is, the more it has to borrow to expand production capacity, and the game of squeezing competitors to death with price cuts has not yet been perfected, and it has not won too many commendable records.

For Huaguo enterprises and guidance departments, there is no stone for them to cross the river, and everyone has no bottom in their hearts about how long the loss period will be and how much the loss amount will be.

Before the global semiconductor production capacity was sluggish, no one took over if they wanted to engage in joint ventures, and other semiconductor companies avoided it except for Xinxin, and now with the recovery of the macroeconomic environment, there are many companies trying to talk about cooperation and want to take over these production lines in Huaguo at a low price.

There are no high-end production lines in Huaguo, and there are still a lot of mid-end production lines, which also have a lot of value at present.

Enterprises want to do this, even if they think that they may be more profitable in their own hands, but making money is not to help themselves make money, it is better to throw the enterprise out, not responsible for the specific operation and management, isn't it fragrant?

The functional departments also have similar ideas, but some bigwigs don't want them to do this, and bigwigs still want to train their teams and talents.

Even if it is a private capital like Xinxin, it is not its own people, let alone overseas capital.

"If China wants to develop the semiconductor industry, the power of state-owned capital is indispensable, we can hand over some enterprises to private capital, overseas capital or other capital, but to hand over this part of the enterprise to them management, does not mean that all semiconductor companies are released.

Hand it over is for you to learn, learn advanced management mode, you can't learn to learn only one set of we can't, we have to throw the enterprise to them!

Isn't that!

I'm still in charge of state-owned enterprises, and I will definitely not agree to such a model unless you find some strong reason to convince me.

In our latest management measures, it has been made clear that there will be no accountability for the loss of enterprise operations, and semiconductor companies are allowed to explore business models and specific operations for losses. ”

The big guy just sets the direction, the people below are about to break their legs, and the people below are full of slander, can't everyone be able to give things to capable people to do?

The news of Zhou Xin's return to Shenhai is like a stone falling on the surface of the lake, and the aftermath is constantly transmitting outward.

The first to react was naturally Shenhai, from the top to the deputy mayor in charge of Zhangjiang, who took turns to find Zhou Xin for dinner, and it is no exaggeration to describe his attitude as flattering.

"Mr. Xin, you are welcome to choose Shenhai as your foothold after returning to China, and I believe that the city of Shenhai will not let you down."

Zhou Xin is not used to such occasions, whether at home or abroad, when encountering this kind of occasion, there is a very strange feeling, you will be in the center of everyone present, everyone has to listen carefully to what you say, no matter what you are thinking, your expression must be preoccupied.

If you're joking, even if it's not funny, everyone has to look amused, Zhou Xin always thinks that everyone is an actor and is acting with a mask, but this is the operating rule of society, no matter who wants to take off the mask, it is impossible.

For example, Zhou Xin, whether it is wealth or status, he has the capital to do whatever he wants, but when he really does what he wants on this occasion, others will not think that he is doing what he wants, but will think that this is just another mask for him.

Zhou Xin said: "Shenhai's business environment is very good, a large number of universities gather here, and human resources are abundant enough, which is a good place to develop high-tech industries."

Previously, the location of the new chip was also located here, because Shenhai can radiate the entire Yangtze River Delta region at the same time, and the dense waters, vast population and large number of talents in the Yangtze River Delta region allow the chip to form a cluster effect.

According to the current results, Shenhai's development in the chip industry is in line with our expectations at that time.

I communicated with Professor Hu at that time, and we were making a site selection at that time, and we considered Shenhai, Pengcheng, Yanjing and even Xiangjiang, and finally chose Shenhai. ”

The same words coming out of the mouths of different people have different effects, Zhou Xin, as the richest man in the world at this time, said that Shenhai is a good place, and the public servants present in Shenhai have a feeling of honor in their hearts.

"Shenhai has developed rapidly in the semiconductor industry, and has opened up at least one position with other regions in China."

"No, no, no, at least two positions, like the Yanjing semiconductor industry, which has the most investment, are far worse than us in terms of scale and technical content.

Last time we went to Yanjing for research, we found that the yield rate of Yanjing's semiconductor industry is limited, and neither revenue nor profit can be compared with Shenhai's semiconductor companies, let alone Xinxin. ”

"The reason why Shenhai's semiconductor enterprises can develop so well is that Xinxin Technology has settled in Shenhai, and the siphon effect and scale effect brought by Xinxin Technology make the first choice for foreign companies to land in the semiconductor industry will always be Shenhai."

This is a fact, if there is no new core, TSMC's first factory in China will be located in Jinling, because Jinling is the old capital, and now TSMC chooses to be in Shenhai, because Shenhai's advantages in all aspects are too great.

On the surface, this meal was Shenhai's investment promotion for Xinxin, and privately told Zhou Xin through Hu Zhengming that this was a reception banquet specifically for him to return to China.

Zhou Xin said a word, everyone will respond in groups, and some people at the meeting asked if they wanted to drink some, Zhou Xin said no, and no one said that they must drink it, but took the initiative to drink some drinks, and they didn't even mention replacing wine with tea, because they were afraid that they wouldn't be able to sleep when drinking tea at night.

So the wine table culture still depends on identity, and when your identity is enough, you can completely ignore these rules.

Zhou Xin said: "Shenhai has its own natural advantages, and the landing of Xinxin in Shenhai only helps Shenhai further strengthen this natural advantage."

We are a match made in heaven. ”

"I still want to welcome the new president back to China, and the follow-up development of Shenhai depends on you.

Just now we mentioned high-tech, Shenhai has done well in the chip industry, but it is far behind in the Internet industry.

Not to mention comparing with Zhongguancun, even compared with Pengcheng, he had to be thrown out of several streets.

As the king of Silicon Valley, you have to give us a piece of advice when you come back. ”

Because of the arrival of Zhou Xin, he took Ali and Tencent out to roll, resulting in the domestic Internet situation almost unrecognizable.

Sina.com was wholly acquired by NetEase, because Sina's impact on the NASDAQ failed, and then faced other portals and search engines to seize the market, both market share and revenue have repeatedly decreased, investors lost patience after Sina's management accepted NetEase's acquisition request, NetEase is now the second largest portal in China, second only to Sohu.

Sohu has replaced the original position of Tencent and has become the largest Internet company in China, plagiarizing on different Internet products, grabbing customers with the help of traffic advantages, and making games.

Most of Tencent's energy is in the overseas market, and the domestic market only holds the instant messaging software market, Zhou Xin has a hunch that after Pony's energy is put back in China, there will be a dragon and tiger battle with Sohu.

The only Internet company in Shenhai that is a little famous is Shanda, which made a fortune by making games, which is far less profitable than the original time and space, because Riot entered the country too quickly, and the Riot game with the blessing of NewPay quickly localized after entering the country, introducing a large number of neon and Korean online games, and these online games are operated by themselves.

The advantage of Neon and Korea Enterprises in their own operation is that they can better know the preferences of Chinese players, avoid distortion as much as possible in the process of demand identification and transformation, and at the same time, there is no Chinese Internet company interfering in the middle, and there is less behavior of trying to catch fish.

This led to Shanda's legend being very profitable, but it soon fell out with the legendary developer, and the developer directly entered Huaguo to operate, which is equivalent to two legends on the market and a large number of competitors.

As for the field of e-commerce, Ali is a well-deserved king in the B2B field, with a sphere of influence that has swept the world, and is the Chinese enterprise with the highest listed market capitalization, but they did not do Taobao and did not enter the B2C market, because the profits of B2B are already considerable.

At present, the number of Internet users in China is limited, and there are even fewer electronic payment users, B2C is actually a very niche market, mainly concentrated in first-tier cities and a few second-tier cities, and the infrastructure of express delivery is also not very mature.

Therefore, the current domestic e-commerce in the B2C field is mainly three JD.com, Fun Plus and Excellence, of which Fun Plus was acquired by eBay, and Excellence was acquired by Amazon after Lei Jun went to Silicon Valley, which is currently a three-legged situation.

Of course, Ali is communicating with JD.com, trying to acquire JD.com, although this market is very small, but Zhou Xin's discussion on the Internet ecology is deeply rooted in the hearts of the people, but all ambitious Internet companies want to build their own ecology.

This also led to Sohu's frequent attacks in all fields that did not attract a lot of criticism like Tencent in the original time and space, because building an ecosystem is to be large and comprehensive, which is normal.

Back to Shenhai, almost all of the Internet companies mentioned above are in Zhongguancun, and Shenhai's voice in the Internet field is completely inconsistent with its status in Chinese cities.

Shenhai pinned its hopes on Zhouxin and Xinxing Investment, hoping to use Zhouxin's ability to cultivate some local Internet companies in Shenhai.

Zhou Xin said: "Shenhai has soil, talents, and policy support, and the reason why we haven't seen the results yet is because the time is not long enough, and when the time comes, it will naturally blossom and bear fruit." ”

This is really true, and in later generations, Shenhai also ran out of a series of second-tier factories such as Eleme, Station B, and miHoYo, of course, it is still not comparable with Shenhai, Pengcheng, and Hangcheng.

"Mr. Xin, we are relieved to have your words, every time Leader Yan asks, I don't know how to answer, and now I have confidence."

Leader Yan was the biggest official in the field except for Zhou Xin, who was also the deputy mayor and the head of the development team of the Zhangjiang High-tech Park.

"You kid will really climb up the pole, the new president said so, then Shenhai's Internet companies have not improved, it is all because your work of attracting investment and cultivating enterprises is not in place." Leader Yan is also joking, and it is also a vague mention of everyone talking about work on this occasion.

In the discussion session after the dinner, the topic should be more serious.

Zhou Xin took the lead in making a promise: "Shenhai is a good place, as I said before, so the headquarters of the follow-up emerging investment will be moved to Shenhai and Lujiazui."

Our current investment scale is around 50 billion RMB, which is not enough, and we will add more in the future.

The money earned in some Internet fields will be withdrawn one after another, and we will put more energy and resources on semiconductor companies.

My thinking in this regard is that Internet companies are not short of money, Xinxing does not invest money in them, Sequoia, SoftBank, HSBC, Goldman Sachs they will invest, and now they have passed the Internet winter, now it is spring, and there is no shortage of money and good projects in the market.

Emerging will shift the focus away from that.

The chip industry is different, China is facing great restrictions in the chip industry, there are historical reasons, there are practical conditions, the Wassenaar Agreement has a very large impact on China's chip industry.

Therefore, capital does not like to invest in the chip industry, emerging to invest, we do long-term business, not only to invest money, but also to give resources, to support, and to grow together with the enterprise. ”

(End of chapter)