Sprinkle coins every day

It wasn't until yesterday that 15 billion US dollars was suddenly transferred to the df account that it really started to work.

"Stock investment?"

After seeing the instructions sent by the boss behind the scenes by email, as a professional manager, Howard did not go to the bottom of who the boss behind the scenes was, nor would he question the correctness of the instructions.

This kind of show operation is actually not uncommon in the financial circle.

As for continuing to absorb U.S. stocks and make long-term "value" investments, that is also the routine operation of some capital predators, and there is nothing to make a fuss about.

Howard's task is to carry out orders, and there is no easier job than this.

Although df's office is located in Frankfurt, but its business is connected to Gangduo Financial City, so it can easily intervene in the global capital market and handle most of the investment operations.

.........

in the afternoon.

Zhang Shuo didn't know the existence of df, let alone who Howard was. He was still immersed in his work. In the office, he met Roger, the newly appointed vice president of Wheat Group and general manager of Inahoe Semiconductor.

Lu Kai and Gu Mingzhang are also there.

Just as Zhang Shuo had expected, the recruiting of Roger went smoothly, and the appeal of Germinal's Overseas Account was no longer what it used to be.

The content of the conversation naturally revolves around the semiconductor industry.

"How many employees are there in Paoear Semiconductor?" Zhang Shuo asked with concern.

"There are only 500 people now, and they are all recruited from various companies. By July, 7 new employees will join the job, reaching a scale of [-] people."

When Roger came out of Apple, he also took with him more than [-] Chinese chip engineers.

"Can you support the chip design of Maili x1?"

"Uh, I definitely won't be able to catch up this year." Roger also told the truth.

"The chip design of Maili x1 currently adopts a combination of outsourcing + self-research, most of which are outsourced, and Daoear Semiconductor is only responsible for the most core piece." Gu Mingzhang then explained.

"Developing step by step is still too slow."

In the past, the Germination Group had insufficient funds, so Zhang Shuo didn't want to do other ideas. Now that the funds are abundant, he can no longer bear this "clumsy" model of starting from scratch and developing step by step.

"Let's take the path of mergers and acquisitions."

Zhang Shuo looked at Lu Kai, "The domestic chip design field is relatively strong, besides Hayes, who else?"

"If you want to acquire, then I recommend Spreadtrum Communications, or RDA."

Because he wants to invest in the semiconductor industry, Lu Kai has also done enough homework recently. He can't say that he knows everything about domestic semiconductor companies, at least he knows a few names.

Spreadtrum Communications and RDA are both engaged in the design of mobile phone communication chips.

The so-called communication chip mainly includes a baseband chip and a radio frequency chip, wherein the radio frequency chip is responsible for sending and receiving wireless communication signals, and the baseband chip is responsible for digital processing of the signals sent and received by wireless communication.

Both play fundamental and indispensable roles.

Compared with mobile phone application processor chips such as Snapdragon and Kirin, which consumers are familiar with, the role of communication chips is more like a "behind-the-scenes hero".

Maili x1 plans to use the Snapdragon processor chip. Just now Gu Mingzhang said that Maili Group is responsible for the design of the core part of the mobile phone chip, which is a bit of whitewashing.

The newly established Inaho Semiconductor has no plan to contact the real core processor chip.

If the application processor chip is the "brain" of the mobile phone, then the communication chip is more like the "ears" and "mouth" of the mobile phone.

Founded in 2004, RDA is still a rookie in the communication chip industry. It is especially good at RF chip design and has launched the "Little Smart" RF chip set with independent intellectual property rights.

RDA is more inclined to be a hardware-oriented company. In addition to making radio frequency chips, it is also the No.1 supplier of power amplifiers, Bluetooth, fm and dvb-s tuner chips in the domestic market.

In 2010, RDA was listed on the beautiful country.

Founded in 2001, Spreadtrum Communications is more comprehensive. In addition to making communication chips, it also makes multimedia terminal chips. It is already the number one chip design company in China.

In 2007, it landed on the beautiful country and went public.

In 2009, Spreadtrum mass-produced the sc6600l baseband chip, which was considered by the industry to be superior to MediaTek's main product 6225, but at a lower cost.

In 2010, Spreadtrum launched the world's first 2G version of 3 cards and 3 standby solutions, and quickly mass-produced it.

In addition, it also developed the world's first 40nm 3g mobile phone chip.

Among the chip design outsourcing cooperation companies of Maili x1, there are two companies, Zhanxun and RDA.

"Then start the acquisition process."

Zhang Shuoyuan Spacetime has also heard about these two chip design companies, not to say how famous these two companies are, but Yuanspace was acquired by the semiconductor "giant" Blu-ray Group in 2013 and 2014 respectively.

After the Blu-ray Group acquired Zhanxun and RDA, they merged the two companies and became the second largest mobile phone chip design manufacturer in China after Hayes.

Ironically, a few years later, Blu-ray Group itself was finally insolvent due to its aggressive investment and M&A strategy, and was in the embarrassing situation of bankruptcy and reorganization.

The truth is embarrassing.

Compared with Blu-ray Group, Inaosui Semiconductor has both the business support of Maili Mobile and the financial support of its parent company, Germination Group. It is not afraid of breaking the capital chain and can burn money more calmly.

But it also reflects from the side that it can become bigger but not stronger by relying solely on investment and mergers and acquisitions.

Because it involves the integration and coordination within each company.

If the integration is good, the effect that one plus one is greater than two can be exerted; if the integration is not good, it may even hinder each other and cause mutual internal friction, and continue to have the negative effect of one plus one being less than two.

But as far as the current situation is concerned, mergers and acquisitions are still the best choice for Inaho Semiconductor.

Time waits for no one.

"Are you buying both?" Lu Kai was very surprised. "Currently Zhanxun's market value is about 80 billion, and RDA's market value is also 40 billion. If we buy them all, we need to prepare about 150 billion in funds."

Because both companies are listed companies, a wholly-owned acquisition is bound to consider a premium.

"Then start the acquisition of Spreadtrum first, and RDA will discuss it in the second half of the year."

After scanning, the total liquidity of the budding account is only 155 billion. Zhang Shuo is also ashamed.

As a result, it was just about to make a big move in the semiconductor industry, and the funds were about to be overwhelmed.

In my impression, from 2013 to 2019, in just 6 years, the Blu-ray Group and its subsidiaries have successively initiated mergers and acquisitions of more than 20 companies, investing more than 1000 billion yuan, most of them are different types of chip companies.

This shows how much money the semiconductor industry is burning.

"You can't be proud, you have to continue to make money in the Internet industry, otherwise, it's really not enough."

Zhang Shuo secretly woke up.

When talking about making money, Zhang Shuo thought of something and asked Lu Kai: "Has the financial license of Germination Financial Holdings been issued?"

"I'm just going to report to you that the Internet finance license has been approved, and Sprout Financial Holdings can officially start the microfinance business." Lu Kai was also very excited.

"That's good."

Zhang Shuo was also relieved that in the future, if needed, Mengya could still get a loan from Mengya Financial Holdings.

If you are only satisfied with the Internet industry, then the current sprouts can indeed take a break, and stop for a while, but if you want to make a difference in the semiconductor industry, you have to continue to borrow money.

Of course, there is no way to support the semiconductor of the rice ear by the germination alone.

Still the old way.

Zhang Shuo's plan is to start the A-round financing at the right time after the acquisition of Zhanxun and RDA, and the valuation of Daohuo Semiconductor has increased, and use the funds raised to continue mergers and acquisitions.

And so on and on.

Zhang Shuo also hopes to build another semiconductor aircraft carrier in addition to Huaxia Microelectronics.

The more the better.

"Taking advantage of the abundant cash flow, we can consider issuing another [-] million corporate bonds to increase the company's liquidity." Zhang Shuo suggested.

"Okay, I'll make arrangements."

Lu Kai didn't object either. With Germination's current reputation, the [-] million corporate debt might be looted.

Don't worry about unsubscribed at all.

After talking about the acquisition, Zhang Shuo brought the topic back to mobile phone chip design, "Mai Li mobile phone must have a self-developed processor chip if it wants to go high-end. The acquisition of Zhanxun and RDA is just a stopgap measure. However, Inaosui Semiconductor still needs to concentrate its resources to tackle the self-developed Candle Dragon chip.”

The Candle Dragon project is to benchmark against Snapdragon, Kirin, and Apple's A-series.

If the Maili Group cannot achieve self-sufficiency in the field of chip design, then the so-called chip self-sufficiency in the future will be even more impossible to talk about, and there is no need to think about it.

"Don't worry, I will personally lead the technical research team to be in charge of the Candle Dragon project. Next year, Maili x2 will definitely be able to use the first-generation Candle Dragon processor chip." Roger also issued a military order.

"it is good!"

Zhang Shuo admired Luo Jie's spirit of not being afraid of tigers as a newborn calf.

After Gu Mingzhang and Luo Jie left, Zhang Shuo chatted with Lu Kai about gossip about the Internet industry, and asked with a smile, "What actions have Tengda and Ari made recently?"

The Big Three paid close attention to Germinal's every move, so why didn't Zhang Shuo pay attention to these potential opponents.

No wonder.

The person who knows you best is often your enemy, because you are studying and pondering every day.

Can you not understand?

"According to the information I got, Tenda plans to take a controlling stake in Yixun.com, package and separate the business of e-commerce, and form a separate e-commerce company. It means to compete with Ari and Jingdong."

Lu Kai is also well informed.

"Tengda wants to engage in e-commerce, so let it do it, and don't pay too much attention to it." Zhang Shuo laughed.

In the original time and space, Tenda has a very strong e-commerce plot. It started to enter the e-commerce industry as early as 2010, and made several big moves, but unfortunately they did not succeed.

Even after reaching a strategic cooperation with Jingdong, the soul of e-commerce has not been extinguished.

Even in 2020, Tenda has accelerated its pace of entering e-commerce. In just a few months, Little Goose Pinpin and Weixin Small Store have been upgraded, and products such as icq Huigou and live shopping have entered internal testing.

There is a great comeback posture.

Unfortunately....

Tengda's repeated battles and failures in the field of e-commerce have once again proved that even Internet giants cannot succeed in everything if they have not figured out the business model.

Going back to the current time point, Tenda is willing to mess around in the field of e-commerce, and Zhang Shuo is naturally happy to watch the excitement.

In this life, Jingdong has reached a strategic cooperation with Germination, and Pinxixi is incubating within Germination. Even if Tengda wants to get rid of the burden of e-commerce business in the future, it is afraid that it will not be able to find a suitable takeover partner.

I'm depreesed! ! !

"Compared to Tengda, Ari's actions are bigger. My friend in Xiangjiang told me that Ari has started the privatization process of the Internet company and is planning to delist from Xiangjiang." Lu Kai continued to gossip.

"Delisting from Xiangjiang is for the group to be listed in the beautiful country."

"Nine times out of ten."

Of course Lu Kai also guessed, "It is estimated that there is still insufficient funds, and I want to raise funds from the stock market."

"That's good, at least we don't have to worry about Ari defaulting on the progress payment."

As time enters 2012, the watershed between the PC era and the mobile Internet era has gradually emerged, reflecting the Internet industry, and the most intense period of competition is coming.

It depends on who is more skilled.

.........

Back home at night, Zhang Shuo received a call from Xu Jia.

"I have decided to move the headquarters of Jiawei Culture from Shanghai to Binhai City."

"why?"

Zhang Shuo didn't understand.

"Didn't you suggest it? Let Jiawei Culture intervene in Internet celebrity brokerage. The three major live broadcast platforms of Yaya Live, Huya Live, and Panda Live are all in Lingnan, so why not just move to Binhai City." Xu Jia is quite plausible. .

"Just because of this?"

Zhang Shuo was skeptical, always feeling that there was something else in it.

"Why not?"

"What about the office area in Shanghai, is it back?" Zhang Shuo asked.

"You don't need to leave, the Modu side is still reserved as the office of the Modu branch."

Ok!

Xu Jia has considered everything.

"As you please!"