Rebirth of the Official Business Route

Rebirth: Official Road Business Road Chapter 1084 Besieged and beaten and breakout plan

After the cooperation between Kumho and Microsoft was rejected. Li Zai represented Zi Zai Hongxin to make peace. Hold an emergency meeting with the Wenzhou government. Discuss Samsung Electronics' joint venture plan to build a fab in Wenzhou. Almost half a month. The joint venture agreement for the Samsung Grand Chip Fab was basically negotiated. Hastily announced the cooperation plan on the day after the U.S. authorities passed the review of Kumho and Texas Instruments Technology Transfer Association

Compared with Sinochip and Huaxia's long construction and preparation period. The degree of Samsung Electronics, Wenzhou Municipal Government and Horizon Investment on the joint venture of Samsung Grand Chip is really amazing. Novel chapters are updated the fastest

Zhouguanhai Hotel. Thirty-sixth floor senior suite. Li was standing in front of the falling glass window. Looking at the far-reaching sea water, the busy harbor nearby and the clean and vast Lingang Industrial Zone.

In Beijing, in Jianye, in Wenzhou. Li Zaidu deeply felt that although the country under his feet still had various problems. However, the fact that it is rapidly rising cannot be denied.

As a Korean. It is to be proud of South Korea's economic achievements in the past three decades. But we also need to see when China really rises. South Korea, where China and Japan are squeezed in a corner of Northeast Asia. It will be quite embarrassing and embarrassing. From the geopolitics. China has no chance of becoming a great power. But the average South Korean youth has the confidence to inflate three decades of economic success. is absolutely unwilling to admit this. Fiction novel chapters are updated the fastest

Li Zai closed his eyes emotionally. Out of his personal feelings. He never wants to see China rise one day. But deceitful denials do nothing to solve real problems. actual situation. Sam Electronics must face the threat of competition from Kumho positively.

It seems a bit hasty to choose to build a joint venture fab with Wenzhou City Government Horizon in this machine. It is also well thought out. Uncle Li Zhi is visiting China in summer. I have always paid close attention to the Chinese market. There should also be an in-depth examination. Regardless of whether it is denied, Samsung Electronics will directly destroy Kumho's plan to cooperate with Microsoft. It was decided to build a fab in China. Decision-making time is short and firm and undoubtedly correct.

The joint venture will move the construction plan of Samsung Acer. On the one hand, it can cooperate with Mitsui's run on Sinochip to increase the cost of Sinochip's new construction from equipment procurement financing policies to support market competition and other aspects. It is best to force China Crystal Microchip to abandon the new plant construction plan. Even if China Crystal Microchip still insists on building a new factory, it will squeeze Kumho's resources into other industrial fields. This is also advantageous.

on the other hand. Samsung has long ago decided to shift its manufacturing focus to China to gradually reduce manufacturing costs. It's just that wafer manufacturing is the foundation of the electronics industry. To be transferred. When to transfer don't say that there is controversy within Samsung. The South Korean people and the government authorities are also controversial about this - it seems that if they continue to entangle in these controversial and practical actions, Samsung's disadvantages in terms of manufacturing costs will become more and more obvious - this is Samsung's decision to build crystal in China The root cause of the round plant.

Jin Yong knocked on the door and entered.

I saw Li Zai standing at the window looking at the sea. Walked over to him and said, Secretary Jin and Mayor Han are about to arrive at the hotel. Shall we go down and greet them?

Jin... Li Zai smiled lightly. Said jokingly. It sounds like us Koreans.

Kim Nam Yong also smiled. Thinking about the vicious competition within China is really amazing.

The reason why we decided to build a factory in Wenzhou instead of Jianye is because the Wenzhou Municipal Government and Hongxin Investment promised that financial institutions such as Xintong Bank and Wenzhou City Industrial Bank will provide all the low interest rates for the huge amount of money needed for the construction of the factory. Wenzhou Municipal Government will fully undertake the construction of supporting projects. Samsung Electronics almost does not need to bear any additional risks except for the provision of technical and engineering management technicians. Actually. The so-called Samsung Grand Chip actually just relocated Samsung Electronics' 0.35m 8-inch wafer in Suwon City, South Korea to Wenzhou as a whole. The price of equipment will also be calculated according to the current price of new equipment. South Korea's water source factory equipment is being emptied. You can make room for the four lines of 013 microns. Jin Nanyong really couldn't think of any reason to refuse to cooperate with Zhou.

Blame Li for joking that Wenzhou City Party Secretary Jin Liping and Mayor Han Qigeng look like Koreans.

How long will it take for Yan Wenjie to come over? Li Zai picked up the suit on the sand and put it on. Prepare to go down with Jin Nanyong to meet the owner of Wenzhou.

A joint venture to build a fab. Yan Wenjie and Hongxin are collaborators. Li knew in his heart that he was actually making an idea behind his back. Some time ago. Chi Zuoxiu stayed in Jianye and had close contact with Yan Wenjie. Otherwise, how could Yan Wenjie catch Samsung's itching all at once?

Joint venture fab. Horizon's shareholding ratio reached 25%. The China Information and Communications Bank controlled by the Hongxin Department will also provide the same proportion of low-interest loans for the construction of the fab. This is for the Hongxin Department. It is also a very cost-effective transaction. The investment insurance is actually married to China Communications Bank to bear it.

besides. Wenzhou Urban Construction Investment Group, directly controlled by the Wenzhou municipal government, holds 25%. Samsung Electronics holds 50%. nominally. Samsung Electronics does not hold a controlling stake in the joint venture fab. Actually. The entire technical team and management of the future fab will be directly controlled by Samsung Electronics. Is there a more direct and tighter control?

Wen Jie will come with Yan Zhu. There may be some delay. Jin Nanyong said.

The Yan family in eastern Zhejiang is really scary. Yan Yi is the son of Yan Kuanhe, Yan Wenjie's cousin. He once held a leadership position in Wenzhou for a long time. After the Hongxin system surfaced. Yan Yi transferred away from Wenzhou. Served as the director of the National Industrial Machinery Committee. It is also reported that Yan Yi will join the China Planning and Exhibition Committee as the deputy director in charge of the industry.

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Yan Wenjie received a call and heard that Jin Liping and Han Qigeng had arrived at Guanhai Hotel. He also urged the driver to drive faster. Actually let Jin Liping. It's rude to wait too long for them.

For Samsung Acer's investment plan. Yan Wenjie was still extremely satisfied. Horizon does not actually need to undertake any investment directly. All that is required is to provide a pro rata registered capital of two or five million dollars. Samsung Acer is the base of Samsung Electronics' 0.35m thread chip production in China. Will receive internal orders from Samsung Electronics. Unable to worry about the poor state of the external market

The reason why the microcrystalline microchip can moisturize. However, the market prospect after Huaxia put into production is worrisome. It is nothing more than the large number of internal orders that China Crystal Microchip received from Kumho.

How could Yan Wenjie let Hongxin miss out on this kind of guaranteed profit-free business? During the secret meeting between Jianye and Chi Zuoxiu. When Yan Wenjie heard Chi Zuo Xiuzang's suggestion, he saw a lot hidden inside.

Although it is said that beating Jin together makes people feel happy. But as a businessman. The first thing to consider is profit.

Yan Wenjie knew very well in his heart that after the joint venture, Samsung Grand Chip would be closely controlled by Samsung. Three has enough financial means to maximize Three's profits. Although it is a sure-fire business for Hongxin. The actual profit is also extremely limited, and this little profit is really not worth fighting for it. However, 25% of Samsung Grand Chip's equity is held by Haisu Technology, which is controlled by Hongxin. What kind of chain will it produce?

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Jinshan Qinyuan. In the luxurious living room beside Yinma, Zhang Ke stared at the stock chart on the computer screen for a while in the study. Then go to the window. Watching the shining waves on the surface of the Yinma River in the sunset.

Ye Jianbin was lying on the sand with his legs crossed. Smoking like a gentleman. He blows out smoke rings quite contentedly. See Zhang Ke's eyes leave the computer screen. Then he said to him: Yan Wenjie's brain is extremely clever. His brain is better than his, so I don't see it often... He stretched out his finger and pointed to Sun **.

Zhang Ke passed away. Standing against the window sill, he said: His wildness is also very big. The only shortcoming is that he is too greedy. I don't know how to keep some limits.

He probably thought that he could really turn Haisu Technology into a shining leading technology company with two tricks. Ye Jianbin said disdainfully.

The two cities are still oscillating and adjusting today. It is reported that Horizon Investment will allow Haisu Technology to participate in Samsung Grand Chip's joint venture plant plan. As soon as the market opened today, the stocks were paid for the amount of money up to the daily limit. Because Haisu Technology launched a stock bonus distribution plan in the third quarter. On the surface, the stock price has fallen in the past two months. The actual market value has nearly doubled again. Ah. Zhang Keyao sighed. Said. It's going to rain. Mother is going to get married. Let them go. As long as they break the rules and don't break the lake. Can we reach out to stop them?

obviously. Follow normal play rules. Haisu Technology is not qualified to participate in the investment of such a major project in the fab. At least capital strength is far from enough.

Zhongjing Microchip Xinpu, construction funds. In addition to the huge financing from a consortium of financial institutions banks. Kumho and other shareholders jointly assume 50% of the capital contribution obligation of approximately US$600 million. loss or other operational risks. It will also be borne by the shareholder's capital contribution; generally speaking. There are business risks. Equity losses far outweigh debt losses.

Samsung Acer has completely transferred the investment risk to financial institutions. The joint venture shareholders didn't invest much money in it at all. There is very little to lose. Haisu Technology can also participate in the joint venture of Samsung Acer with four or two tricks. Only provide 2.5 million U.S. dollars of registered capital to hold 25% of the shares of Samsung Macro.

Samsung Acer's joint venture plan is said to have broken the bottom line of the rules of the game. However, the Fang governments of Eastern Zhejiang Province and Wenzhou City are behind it. Zhang Ke and the others just want to sabotage. There are also regrets beyond reach.

since. Wenzhou's economic development is second to none in East China. Before 19798, the economy of Eastern Zhejiang Province was also superior to that of the East China Sea. Huishan Jianye Haizhou has risen in recent years. Especially in the strong rise of high-tech industries. Raise the economic development level of Donghai Province to a new stage. It makes the eastern Zhejiang province somewhat eclipsed. in addition. The port construction project of Xinting is in full swing. It will also disperse the competitive advantages of many coastal cities in eastern Zhejiang Province, including Wenzhou, in the seaport industry.

under such circumstances. The local government of Zhejiang was eager to come forward to finalize the joint venture plan with Samsung Electronics with Samsung Grand Chip. It is not difficult to understand; as a representative of the traditional Fang forces in Eastern Zhejiang Province. It is not incomprehensible for Hongxin to take advantage of it.

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Fu Jun knocked on the door and came in. Said: Secretary Zhao has arrived at the hotel.

Ah. Zhao Youlun is here. Ye Jianbin just stood up from the sand. He patted the soot off his body. He said with a smile that he probably wanted to lobby them to build a wafer in Jinshan. He didn't want us to give Mitsui Samsung TSMC Hongxin It's miserable to be besieged together...

Ye Jianbin's relaxed tone does not mean that Kumho is in an easy situation at this time.

The production capacity of Asian wafer enterprises has been greatly expanded. The news is announced. The price of wafer manufacturing equipment in Europe and the United States has risen sharply immediately, and the main investment of fabs is these expensive manufacturing equipment. Zhongjing Microchip was forced to abandon the original plan to build a factory. Specific amendments to plant plans. It is also necessary to sit down and discuss slowly with other shareholders such as Texas Instruments Yunyuan and Singapore Innovation.

Just like Microsoft will not mind spending hundreds of millions of dollars to buy the equity of Global Music Online for the overall benefit of the industry. Texas Instruments also wouldn't mind taking on an extra US$100-200 million for the construction of the new plant; Kwok has a close relationship with Kumho. But Guo's Yunyuan Group is still an enterprise after all. There is real capital strength. Assuming an additional investment of one or two billion U.S. dollars will seriously affect its investment plans in other fields... Come and beat us to break through. It's really interesting. Zhang Ke shook his head and smiled wryly. Said. I'm going to invite Mr. Guo. You go to deal with Zhao Youlun first?

Zhang Ke and Ye Jianbin walked to the corridor. Guo Song was also walking out of the room with his wife. His blood pressure was a little high when he got off the plane. I was also tired from running around for the past two days, so I went back to my room to rest for a while when I got to Qinyuan. It's time to recover. See Zhang Ke. Said: Singapore has the intention to back down...

Zhang Ke nodded. Said the solution: The prospect of the chip field is unclear. The chip production capacity in the Asian market will increase dramatically again. At a time when the investment budget may rise sharply. A conservative investment posture is appropriate...

Although I can understand it, it is quite tricky. Guo Song sighed slightly. For this matter. Sun Shangyi still stayed in Singapore to consult with relevant parties. Singapore backed down. according to

The construction budget will directly generate an investment gap of nearly 400 million US dollars. Set - after a sharp rise. The investment gap is likely to widen to $600 million. It's not that tricky.

I wonder if there is such a possibility... Sinochip has been in operation for a year. It has actually proved that Kumho's internal orders can guarantee profitable operations. Can the equity held by Singapore be transferred to Chartered Semiconductor? Jianchao has lost money for six consecutive quarters. There is no support from the Monetary Authority of Singapore. Licensing is neither able to take over the equity held by the Monetary Authority of Singapore in Sinochip. It is also unable to undertake the task of investing in the new factory...

Chartered Semiconductor of Singapore is the fourth largest chip foundry in the world. However, due to Singapore's limited human resources, the scale of the electronics industry is far less than that of Japan, South Korea and Taiwan. The competitiveness in the foundry market is far lower than that of TSMC. After the construction of a number of licensed crystal factories. Even if there is a profit, it is a small profit. Loss most of the time. After the second half of 1997. It was directly impacted by the Asian financial turmoil. Currency exchange rates of Japan and South Korea fell sharply. On the one hand, the Japanese and South Korean economies suffered losses. On the other hand, it has stimulated the development of export processing industries in Japan and South Korea. In the chip foundry market. Chartered is even more at a disadvantage. Even with the current wave of new technologies. It's also far from reviving the charter.

The cooperation between Kumho and Singapore on China Microchip. It's actually working with Chartered Semiconductor. Most of the 035m technology comes mainly from Chartered Semiconductor. It's just that the franchise's financial situation is worrying. It was only at the beginning that the Monetary Authority of Singapore came forward to directly hold shares in Sinochip Investment.

Charter's financial status is even more worrisome than it was two years ago. In theory. There is even no possibility of directly holding shares in China Crystal Microchip. Guo Songyan looked at Zhang Ke suspiciously. I don't know why he suggested Chartered Semiconductor to hold the shares directly.

Now everyone is beating Zhongjing Microchip. Zhang Ke asked Guo Songyan to go ahead. Walk and talk. However, I think that Chartered Semiconductor will have a hard time in the past two years. Asian chip production capacity will surge in the next year. The competitiveness of franchising will be even worse. It is not an exaggeration to judge that franchising will completely lose its competitiveness in this market in the next year or two...

Ah... Guo Yan grasped the main points in Zhang Ke's thinking. He raised his fingers and waved them in front of his eyes. The franchise must avoid continuous huge losses. It is a wise choice to close the production line with poor competitiveness...Although the franchise does not have the ability to directly pay hundreds of millions of dollars. Do you want the franchise to ship the closed production line equipment to China as a countermeasure to China Crystal Microchip's contribution?

En. Zhang nodded. Songyan's guess was settled. On the one hand, the price of new equipment has skyrocketed. The rise is heartbreaking. I don't want to suffer a big loss on it; on the other hand, the franchise transfers the production line with poor competitiveness and long-term losses to Sino Crystal Micro, which can be transformed into a profitable investment— —I really can't imagine a more win-win solution than this...

Yeah. Yan nodded heavily. This plan is very good. It is very hopeful to convince the Singapore authorities... why did you tell me earlier. I don't need to worry about my blood pressure rising when flying.

I also had this idea after seeing Xing's plan. When I had this idea. Mr. Guo, you were on the plane. Zhang Ke said with a smile. Samsung Grand Chip's joint venture plan. Has Mr. Guo seen it? This plan is actually Samsung Electronics transferring the wafer production line with poor domestic competitiveness to China...I think there is a precedent for Samsung Electronics. It will be easier for Singapore Take it.

Samsung Grand Chip's joint venture party. I haven't seen it yet... Guo Songyan said.

Ask Fu Kong's room to show Guo Songyan the joint venture plan of Samsung Hongxin. Continued: In addition. As far as I know, Singapore has not given up its support for the license. But if the license is to be supported, it must bite the bullet and produce a 013-micron production line. It will not give TSMC to the Japanese fab. Complete suppression... In this case, franchising needs to transfer less competitive production lines to relieve operational pressure. If the Singapore authorities are willing. 018-meter production line. We can also sit down and talk...

018 meters is a bit difficult. Franchising is still somewhat profitable... Guo Songyan said. He thought for a while.

Singapore's tiny. What competition in the low-end market. They are all severely restricted by the narrow human resource costs in the local market. Only in the high-end market. Electronics companies in Singapore can rely on capital to gain technological advantages. Maintain a certain level of competitiveness.

Actually. In the future, Licensor will actually choose to embark on a path of abandoning the low-end market and maintaining competitiveness with advanced process technology. even so. Xu's road to development is also extremely difficult and bumpy. Let's talk if it's difficult. We mainly focus on the special 025-meter line equipment. Zhang Ke also knows that it is difficult to license the 018-micron production line to Sinochip Microchip. Said: Also. Announce the good news to Mr. Guo. The prototype of Jin 512m flash memory chip has been developed. It adopts 013m thread design. Maybe you can increase some bargaining chips?

Ah. Yuan has already achieved this step? Guo Songyan asked happily. It's really not easy. I think it's very promising. I rested in Jinshan for two days. I didn't fly to Singapore until two days later. Mr. Sun is in Singapore. He can directly communicate with the senior management of the Monetary Authority of Singapore and Temasek...

Large-capacity flash memory chip. Kumho can design but not produce. It is necessary to hand over the order to the foundry. The market size of flash memory chips is getting bigger and bigger. Strive for the foundry business of flash memory chips. It will be a battle for wafer foundries. And in the flash memory chip market. Kumho is compared to Toshiba Samsung. Not at a disadvantage. Kumho's order is definitely tempting.

Walk through the winding corridors in the Qinyuan guest room area. Walk to the foyer banquet area. Jinshan Municipal Party Committee Secretary Zhao Youlun and accompanying officials were already waiting there. At this time, Sinochip is facing the siege of many wafer manufacturers in Asia. this situation. Zhao Youlun also knew it very well. However, he is still very interested in Deyi and Kumho behind Zhongjing Microchip. Zhongjing Microchip will build two new factories at the same time. Why does Jinshan want to fight for one this time?