Goldman Sachs' play in China is quite good, it is nothing more than using the relationship of the gods to do IPO, market maker, and fundraising.

Although Goldman Sachs has grabbed a lot of profits in it, there are always institutions to do the work, whether it is Goldman Sachs or Morgan, or the three Chinas and one China in the mainland.

Goldman Sachs is playing abroad abroad, especially in the vast Asian, African and Latin American regions, and as mentioned earlier, Goldman Sachs spent $3.9 billion to settle with Malaysia.

Why is it a settlement, in addition to the $3.9 billion, they also have to pay about $5 billion to global regulators, including England, so much money is quite a bit of a nerve-wracking taste for Goldman Sachs.

It is because Goldman Sachs and Jho Low colluded to hollow out billions of Malaysia's sovereign funds in the name of investing in Malaysia's infrastructure construction in the name of making sovereign funds for Malaysia.

At that time, Jho Low approached Tim, a partner of Goldman Sachs, and then colluded with him to use Goldman Sachs's name to gain the trust of the former general manager of Malaysia and launch a Malaysian sovereign fund that claimed to be competing against Temasek.

Later, the fund was completely hollowed out by Goldman Sachs, Jho Low and the senior Malaysian officials.

This is a scandal that Goldman Sachs has been exposed in Asia, Africa and Latin America, and I don't know how many have not been exposed.

At a time when Western financial institutions were scrambling to lock in the money, Goldman Sachs was acting as a broker between Moscow's creditors and Ameriken's investors.

This is Goldman Sachs' operation on the surface, but secretly through the establishment of a so-called recovery fund to buy Ermao's resource state-owned enterprises.

So for Goldman Sachs, at least for now, venture capital is just an after-dinner dessert, a way to help Goldman Sachs expand its influence, not their main source of profit.

The benefits of venture capital in the Chinese market are even more insignificant.

After listening to this, Zhou Xin said: "Okay, in short, if you have problems at work, you can come and ask me, and if you need my help, you can also tell me."

Of course, I may not be able to get Goldman Sachs to take over the list of Huaguo Petroleum. ”

Zhou Xin's influence has a scope.

Li Jingyi said: "I know.

There are still a lot of interesting projects in Huaguo, and the main thing is that my current job has given me the opportunity to get in touch with the real face of Chinese society.

The social ecology of Americon and China is very different, and it is reflected in the Internet industry, even if this is the industry with the smallest gap between China and America, there are so many differences.

Before coming to China, the most sought after in the Ameriliken Internet industry were the so-called Internet finance companies, and electronic payment was only one of the categories of such Internet finance companies.

In Huaguo, there are only three companies for electronic payment, not to mention offline payment, and NewPay's offline payment is only popular in the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen.

Under such a premise, it is impossible for Huaguo's Internet finance to develop, and there is no user base.

The most popular game company in China is actually not a good investment target, because in the game industry, it is not an investment company, but an investment project, to see if the project can be popular.

Because of piracy, only online games can survive, stand-alone is a complete dead end, Ameriken has a large number of offline software stores to help game companies sell CDs, and in China, these similar stores in the computer city, they sell 95% of the game CDs are pirated CDs.

Investing in a single-player game, as long as the company has a single-player game successful, then it can launch a sequel, make it into a series, and even do follow-up movie development, which is more suitable for venture capital institutions to invest.

If you invest in online games, it not only depends on how good your game is, whether there is an audience in the market, but also depends on competitors, there are some private investment companies in China that are very good at doing this business, I see Goldman Sachs' internal information shows that they have also invested, but the results are not very good.

In addition to the game industry, Huaguo also has a variety of content-based forums, such as Fox Suspicion, NetEase, and Tianya, which are more like Silicon Valley five years ago.

Online shopping is only online, with a certain number of users in a few regions of the Yangtze River Delta, Pearl River Delta and Yanjing.

In short, Huaguo has great potential in the Internet field, and there are many places worth digging, but it is necessary to screen the investment objects well. Li Jingyi concluded.

Because of being with Zhou Xin, Li Jingyi didn't have any material pursuits from a very early on, because all her needs in this area were met. Therefore, when she makes investments, she can stand on a more objective position to pursue a long-term relationship with the company.

Rather than saying that listing is the end, cashing out is the goal.

After returning to China, Zhou Xin had a feeling that time passed quickly, and a year passed in the blink of an eye, in this year, the development of semiconductors was slow, and the chip industry, which was supposed to enter the 55nm process, was stuck at 65nm and could not make progress.

With the exception of Xinxin, other lithography companies use dry lithography machines, such as Nikon, ASML, and Canon.

The limit of a dry lithography machine at 193 nm is 65 nm unless a shorter wavelength of light is found.

Since 2000, after Lin Benjian officially joined Xinxin Lithography Machine, he began to do theoretical research on immersion lithography machine as the CEO of Xinxin Lithography Machine, as well as a few demonstration experiments.

After a long talk with Lin Benjian on the eve of Zhou Xin's return to China in 2003, Zhou Xin's support allowed the new core lithography machine to officially start the research of immersion lithography machine, Zhou Xin used his personal connections to find the international capital group behind Zeiss, and through a series of interest exchanges, let Zeiss fully cooperate with the research and development of the new core lithography machine.

After entering 2006, the lithography machine based on the infiltration method of the new chip lithography machine has developed samples, when the world's most advanced process is 65nm, the wavelength is shortened from 193nm to 134nm through the immersion method, and the advanced process of the chip is successfully advanced from 65nm to 40nm.

Guan Jianying, Hu Zhengming, Lin Benjian, Zhou Xin and Liang Mengsong held a small celebration dinner to celebrate Xinxin's advancement of the extreme limit from 65nm to 40nm.

For Xinxin, this is a golden mountain, and the advantages of technology can make Mphone a generation ahead of other mobile phones on the market.

Matrix hasn't released a new phone for three years, and other mobile phone giants have conquered multi-touch touch screen technology.

At first, the mobile phone manufacturers had some other ideas to make some innovations in the field of smartphones, and when these innovations failed, even the N97, which Nokia had high hopes for, also performed mediocre in the market, and after Microsoft's acquisition of Plam, the Plam 1 launched according to the Mphone2 was a great success.

Last year, the smart phones launched by major mobile phone manufacturers were all in the same way as Mphone2, and they were restored 1 to 1 as much as possible, which also made Mphone2 lose its original advantages, and it was difficult to attract users to change phones by launching new colors every year.

This does not mean that Mphone2 has not sold well in the past year, as the absolute king of the smartphone industry, even if Mphone is not updated, sales still occupy the top spot, but because Matrix has not launched Mphone3, resulting in a lack of motivation for old users to replace new phones.

With the breakthrough of the lithography machine process to 40nm and the maturity of the under-screen fingerprint technology, Zhou Xin knew that the time had come for Matrix to shock the world again.

"Uncle Lin, after two years of hard work, the success of the new chip lithography machine can make the industry re-understand the new chip.

It's time for the new core lithography machine to change the existing pattern. "The four of them don't drink alcohol, and they can't sleep when they drink tea at night, so everyone has water in their cups, and Zhou Xin didn't even lift his cup, just chatting.

Lin Benjian sighed with emotion: "Although I know that this technical route must be possible, I have never doubted myself.

But at the moment when I really did it, I still felt very emotional, and I felt that my forty years of perseverance in my life had finally paid off. ”

After Lin Benjian left IBM, he was retreated from IBM, because the technical route he adhered to was not favored by the person in charge of the research direction of IBM light source, and he was a bit driven out.

Of the four people present, only Hu Zhengming was fine, Berkeley has always been good to him, and the other three were more or less losers in the political struggle in the office.

After the successful development of the immersion lithography machine, Lin Benjian's career ushered in a certain degree of fulfillment.

Zhou Xin said: "I have always believed in this, Xinxin is born with the foundation for success.

Compared with ASML, we have the manufacturing process of chip production, which gives us an advantage when testing immersion type. ”

Liang Mengsong, as a newcomer who only joined Xinxin last year, because of his amazing record in TSMC and Hu Zhengming's status as a student, Zhou Xin gave him a lot of trust, and almost immediately after joining Xinxin, he made him the person in charge of Xinxin's chip manufacturing link.

At the same time, because Liang Mengsong had a non-compete agreement, Xinxin paid a huge amount of liquidated damages of up to 20 million US dollars for him.

After Liang Mengsong joined, it was not expected, and in just half a year, Xinxin achieved a technological breakthrough and improved yield rate in the 90nm process.

At the same time, he single-handedly led the construction of Xinxin's 65nm production line in the Lion City, which is also about to be put into production.

Lin Benjian said: "The main thing is that this route is really feasible, the route is feasible, as long as you invest time and enough resources, you can see the results sooner or later."

We were fortunate to be able to successfully complete the development of the immersion lithography machine before Nikon and Canon made the 157nm light source. ”

Xinxin chose the technical route of ASML in the future, that is, the immersion lithography machine, while Nikon, Canon, and ASML all chose to study light sources with shorter wavelengths.

Soon after ASML launched an immersion lithography machine and successfully advanced the chip manufacturing process to 40nm, Nikon successfully developed a dry lithography machine based on a 157nm light source.

Unfortunately, it was too late, at that time ASML had already occupied the mainstream market of 40nm lithography machines, and Nikon was slow and slow, losing the entire lithography machine market.

Now is the best time, the light source has not yet achieved a breakthrough, and Xinxin has taken the lead in achieving a breakthrough, directly bypassing 65nm and entering the 40nm process.

Hu Zhengming said: "We need to be fast, to the market as fast as possible.

At the same time, we want to sell Xinxin's lithography machine, although Xinxin made lithography machines before, but there is no name for us in the global market.

Only chip manufacturers in China will choose our products, and chip manufacturers in Neon, Korea, and Ameriken will buy one to see the effect out of trying.

They won't consider a second one after they've bought one.

Because compared with Nikon, which has been used easily, Xinxin does not have a unique advantage.

Compared with the shareholders behind ASML and Intel and TSMC, the only thing that Xinxin lithography can rely on is Xinxin itself. ”

This is a fact, why ASML can expand rapidly, after the launch of the 40nm lithography machine, Intel no longer looks at Nikon, not because Intel has a large stake in ASML.

Zhou Xin nodded in agreement: "We need to seize this time difference."

This is a rare time difference. ”

Lin Benjian mentioned: "What I want is to take two steps, on the one hand, Xinxin can start to do process verification, and on the other hand, I want to participate in the semiconductor exhibition that Neon will hold soon. ”

Neon hosts the Semiconductor Show in December every year, the largest event in the Asia-Pacific region, at Neon Tokyo's Ariake Exhibition Center.

It is also the most influential semiconductor industrial equipment exhibition in the world.

Everyone in the room agreed: "I think so." ”

"Xinxin Semiconductor has also been developing for so many years, and we have not been able to get any products before we went to the neon semiconductor exhibition.

This time I can give the neon people a good neon shock. ”

As for secrecy? This does not need to be kept secret at all, Xinxin has been cooperating with Zeiss on this process, and the news of their successful development will be known by other manufacturers almost immediately.

Including the relevant patents registered by Xinxin in the world, everyone will also be aware of it.

In modern society, it is almost impossible for private enterprises to keep secrets in an industry like lithography that requires the cooperation of hundreds of upstream and downstream suppliers.

Like Huawei, to overcome the 7nm process, secrecy has almost reached the limit, and you can also see various revelations of anonymous gods on Zhihu.

Therefore, the people of Xinxin do not plan to consider confidentiality at all, and everyone wants to expand the market share as soon as possible.

After everyone reached an agreement, Guan Jianying said: "I have another question, that is, should we accept Intel's shares?

After we demonstrated our 40nm process at Neon's Semiconductor Show, Intel will definitely make a request to take a stake in Xinxin Semiconductor. ”

Intel, as the absolute king of the chip field in the PC era, was responsible for chip design, chip manufacturing and chip production in the early days.

This has also led to a large number of investments in the upstream and downstream of semiconductors in the world, among which TSMC and ASML have Intel's name in the list of shareholders behind them.

Among the chip manufacturing companies including Xinxin, there are also many shares of Intel, among which Intel, the chip manufacturer of Xiaomi computers, accounts for as much as 49%.

For the "greedy" Intel, they will definitely be tempted to see the new chip lithography machine break the Nikon monopoly and do what ASML has not been able to do.

There was a moment of silence.

From an emotional point of view, it is clear that they do not want Intel to take a stake.

Happy Mid-Autumn Festival to all!

The holiday was so cool, the crow slept at eleven o'clock last night, got up at eight o'clock in the morning, and then slept five hours during the day today.

(End of chapter)