Rebirth of the Official Business Route

It was still raining lightly in the early morning. Zhang Ke, Ye Jianbin, Chen Xinsheng, and Sun Shangyi had just driven to Ye Zhenmin's red brick villa in the western district of Hong Kong Island. .

What's the matter so late? Ye Zhenmin just received a call from Zhang Ke saying that he had something more important to report to him face to face. After he came to Hong Kong, he didn't go to bed until two or three o'clock in the morning every day. So Zhang Ke and the others went directly to his temporary residence to discuss things.

The financial turmoil is still raging over Southeast Asia, and other Asian countries are also feeling more and more pressure. Hong Kong's financial market can only be said to be calm on the surface, but few people can sleep peacefully at night. Novel chapters are updated the fastest

The raindrops patted on the glass of the study window, and Zhang Yan told the whole story.

The cause and effect of things are not complicated. As early as the beginning of 1995, in order to increase the development of its domestic electronic information industry, the Malaysian government decided to replicate Taiwan's electronic industry exhibition model in the multimedia-level corridor in Kuala Lumpur.

The development of Taiwan's electronics industry is based on TSMC, and the Malaysian government is actively promoting the financing and construction of a fab in the multimedia corridor.

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The initial lead investor was Guo Songyan, a wealthy Malaysian and chairman of the Guo Group.

At the beginning of the preparations in the second half of 1996, the Guo Group had strong financial resources, and the rich Chinese businessmen in Malaysia were well-known in the entire Chinese business circle. Manufacturing technology, equipment acquisition and a stable and reliable technical team.

Consider it from a realistic perspective. In order to invest in the construction of a fab in Malaysia, only the fabs in Singapore and Taiwan can attract a large number of mature technical personnel; Singapore is willing to transfer part of the wafer manufacturing technology, and Guo Songyan can only obtain technical personnel It is hoped that the two Taiwanese fabs, TSMC and World Semiconductor Manufacturing Co., will attract people.

Around the beginning of the year, Liu Zhicheng was approached by Guo Songyan to participate in the Malaysian fab investment plan.

In order not to arouse the vigilance of TSMC and Shida Semiconductor, Guo Songyan, Liu Zhicheng and other investors have not disclosed the investment plan of the Malaysian fab.

It's been a secret for so long. When they were all preparing to officially register the company, the financial turmoil in Southeast Asia suddenly hit, and Malaysia's domestic economy broke out in a comprehensive economic crisis only ten days after Thailand. The enterprises under the Guo Group were suddenly hit hard, and it was too late to raise funds to save themselves. How can there be too much rich money to invest in fabs?

It has only been more than a month since the financial turmoil, but the Southeast Asian economy has been devastated, the import and export trade has plummeted, and the industry prosperity of the electronics industry has

It also dropped sharply to a historical low within a month. At this time, it is no longer a wise move to continue to invest billions of dollars in the Malaysian multimedia corridor. Previous investors have withdrawn their investment intentions. Naturally, it is also expected.

The economy deteriorated, and the financial institutions in Malaysia that had promised this investment plan were also forced to shrink their money at this time. No one wants to mention the previous promise.

For the vast majority of investors, it is just to suspend an investment project that has not yet been fully launched.

Liu Zhicheng is not only one of the investors. He was directly involved in the preparatory process. In the past six months, I have done a lot of work, and reached a private agreement with some technical personnel whose employment contracts are about to expire at TSMC. In the past six months, under the influence of Liu Zhicheng, more than 30 engineers have chosen to leave TSMC and go to Malaysia to carry out the technical preparation work for the pre-construction of the fab without renewing the contract after the employment contract with TSMC expired.

Other investors patted ** away and lost at most some small amount of initial investment, but Liu Zhicheng needs to be responsible for the group of engineers who have left TSMC.

In any case, it is impossible to hide his participation in the investment and preparation of the Malaysian fab for a long time, and the relationship between him and Zhang Zhongmou has long been tense. Even if you stay at TSMC. He and his group of engineers who intend to leave TSMC will be completely trampled under their feet until they are completely replaced by others...

The best way out for Liu Zhicheng and his group of engineers is to continue to implement the investment plan of the fab; the important responsibility of the leader of the investment plan of the fab will be transferred from Guo Songyan to Liu Zhicheng.

Since most of the previous investors withdrew their investment intentions. Liu Zhicheng can only find another investor, which is why he has been stranded in Hong Kong recently. Hong Kong is not only one of the financial and trade centers, but also the center of the Chinese business circle. It seems that Hong Kong has not been directly impacted by the financial turmoil in the past month or so.

In fact, Hong Kong is under a lot of pressure. The Hang Seng Index fell by one-third in more than a month, which already means the arrival of a bear market. The recent transaction volume has shrunk to the extreme, and the avalanche of the property market and Hong Kong's economic recession can be clearly foreseen; the most deadly, the current mainstream view, the financial turmoil will further spread.

Liu Zhicheng's trip was not smooth until he met Zhang Ke and the others.

The predicament that Liu Zhicheng encountered made him not qualified to fight for the control of the project. When he met Sun Shangyi by chance, he asked Sun Shangyi to recommend everyone in Kumho.

Ah, that's it... Hearing Zhang Ke explain the whole story clearly, Ye Zhenmin took a deep breath, thought for a moment, and looked at Zhang Ke, Do you want to take this project back to the mainland? There was something in his eyes expect.

I can't take this project back to China. How can I spend so much time so late? There is no doubt about this. The investment in a pure fab may not be able to make a smooth profit within a few years. It is in the interests of Kumho and the overall interests of the country to firmly control it in the palm of the hand. Zhang Ke said with a smile, But it's too difficult. It may have been a long time and finally I'm still working hard now.

Tell me how difficult it is in reality... Ye Zhenmin sat at a corner of the desk with his chest folded, his posture was always casual, although the media interpreted him as an overly pessimistic academic official. However, his sharp criticism of the economic systems of Southeast Asian countries as early as a year ago accurately pointed out the profound incentives behind the sudden financial turmoil, which made him famous in the economics circle.

You are a professional, why don't you introduce the situation... Zhang Yan kicked the ball to Chen Xinsheng.

The first is the issue of funds. To build an eight-inch fab, generally speaking, an investment budget of 1.2 to 1.5 billion US dollars is enough... The second is the introduction of manufacturing technology and production equipment. The United States Japan and Europe and other countries have blocked the export of related manufacturing technologies and production equipment to the country... The third is the problem of technical teams. Stable and reliable technical teams are extremely difficult to find, which is why fab investment is called half-inverted-this It was the key reason for the fall... Chen Xinsheng had a thorough understanding of the depth of the pool, and he also revealed many unknown secrets, As far as I know, Zhang Zhongmou, Liu Zhicheng and other people When they left Texas Instruments and went back to Taiwan to prepare for the establishment of TSMC, the senior managers hoped to hire technicians from the mainland to train them, hoping to help the electronics industry in the mainland and provide convenience for entering the mainland to build factories in the future. But this time the idea was not The Taiwan authorities resolutely stopped it. Later, a large number of Chinese engineers were hired from Malaysia and other places. The treatment of these engineers at TSMC was not good. This time, it was mainly these engineers who planned to follow Liu Zhicheng to TSMC; The fabs in Singapore employ many engineers from the mainland. The real headache is that they may face a severe technical blockade. It will cause further damage to the electronics industry in Asia and push the entire industry into a downturn. The technology blockade may be loosened due to the deterioration of the economic situation. The price of imported technology and equipment will also increase. room for...

Inside the required funds, Ye Zhenmin glanced at Zhang Ke. Out of your four billion, how much are you going to take out?

Zhang Ke said: I have considered the issue of funding. The previous investors of this project have not completely given up. We can still raise 100 million US dollars from the original investors. We can spend almost 30 million U.S. dollars here. 100 million US dollars, work hard, and pull another 100 to 200 million from Hong Kong or the Mainland; with 500 to 600 million US dollars as the bottom line, and then to raise another 500 to 600 million US dollars from financial institutions, the problem of funds should not be the most difficult...

Zhang Ke considered that after the second wave of financial turmoil crippled South Korea's economy, he would withdraw the billion he had previously invested from the hedge fund. With 1.4 billion yuan, 300 million U.S. dollars can be made up, and it will not affect Kumho's current capital flow.

Although there is a shortage of funds everywhere in the country, if you really want to bring this project back to the country, I think Prime Minister Zhao Jidong will personally come forward to help you go to the major banks to beg for money... Ye Zhenmin saw that Zhang Ke and the others were sure to settle the five or six billion dollars He even thinks that as long as there are three to four billion US dollars of start-up capital, it will be enough. The country is too eager to gain access to this, and Liu Zhicheng and a group of Southeast Asian Chinese The dilemma of the main engineer team can solve the difficulties of the technical team, saying, It seems that the only remaining problem is the introduction of manufacturing technology and equipment?

It's hard to chew, but you have to try it to know... Zhang Ke thought that at least the Singapore government would not deliberately create additional obstacles, and Texas Instruments could only consider the introduction of second- and third-rate technologies that have entered the phase-out period.

At three o'clock in the morning, when I left Ye Zhenmin's temporary apartment in the West District of Hong Kong Island, the rain had not stopped at night.

The sound of the car driving was very quiet, and you could hear the sound of raindrops outside the window. Zhang Ke sat in the car, picked up his mobile phone, and dialed Yao Wensheng's number. Although it was three o'clock in the morning, Zhang Ke had no scruples about looking for Yao Wensheng. On the other end of the phone, he yawned and threatened Zhang Ke: There is nothing important, just wait and see when you go back to Jianye! Zhang Ke said with a smile, It's really kind to remind you to get up in the middle of the night to go to the bathroom... Some things , Kumho stepped forward to promote it. Like a praying mantis pushing a cart, even thin arms and legs are broken, and it may not be able to push this project forward. In addition to the plan, Jianye City's new high-tech industry strategy named Digital Corridor Conception lacks a truly impactful large-scale project. As long as this fab project can be located in Jianye, Jianye Electronics Industry Exhibition can rely on the large market of 1.3 billion people in the mainland to replicate the successful model of the rise of Taiwan’s electronics industry, and the concept of Jianye’s digital corridor is a high-tech project in Donghai Province. A core component of the new technology strategy.

Discussed with Ye Zhenmin. In this project, very few people will be stingy to contribute. The key is which party will take the lead. Although Zhang Ke is a very defensive person. I also know that in terms of balance in all aspects, this project is more suitable to fall within the digital corridor of Jianye.

Report to Wang Weijun and Luo Jun. Zhang Ke naturally left it to Yao Wensheng to do it. Yao Wensheng had been working in the Department of Telecommunications and Government Affairs of the Ministry of Posts and Telecommunications before, and he could not understand the meaning of the fab. Zhang Ke was still a little worried, and he specifically ordered him to stay in Jianye to be responsible for the preliminary preparations for the Oak Park plan. Zhao Peng went to cooperate with Yao Wensheng.

Back at Yingwan Garden, Zhang Hefang took a shower and fell asleep, not waking up until ten o'clock in the morning. Zhao Peng called before. They are going through the formalities and will fly to Shenzhen first. Try to get to Hong Kong before dark. Special matters. It is true that the border crossing formalities can be completed in one day.

Sun Shangyi, Chen Xinsheng, Jiang Wei and others have had in-depth contact with Liu Zhicheng, and clearly proposed that the project should be placed in the mainland, and they also hope to have further contact with other potential investors of the project.

Liu Zhicheng did not consider the possibility of moving the project to the mainland before: After all, the project design was originally tailored for the multimedia corridor in Malaysia; besides himself, most of the current investors are Malaysian Chinese businessmen—although the large Some investors withdrew, and the remaining ones were mainly Malaysian Chinese businessmen; the project was also due to the focus of the Malaysian government, and it successfully reached the intention of part of the manufacturing technology transfer with Singapore.

Hastily moving the decided project to the mainland, Malaysian Chinese investors who have not quit until now may completely give up their interest in the project. The previous cooperation intention with Singapore will also be invalidated.

Liu Zhicheng saw that Zhang Ke himself did not show up. Although I was very puzzled, since Chen Xinsheng and Sun Shangyi both admitted that he was the one who made the final decision. There was no need to doubt his identity anymore, and he said to Sun Shangyi and Chen Xinsheng: It seems that the conditions are more suitable for investing and building a factory in Kuala Lumpur. Is there any other business for Ke Shao today?

Chen Xinsheng was not sure if Zhang Ke had woken up at this time. Although he was in the hotel apartment on the same floor, he still called to check if it was appropriate. Voice, Chen Xinsheng looked at the bright sky outside the window, and could only say to Liu Zhicheng apologetically: Young Master Ke is indeed busy with other things at this time... He also said, Moving the project to China will add inconvenience to the project due to some political factors. However, the financial turmoil in Southeast Asia will further spread. To what extent will the electronics industry in Southeast Asia decline, and it will take several years to recover? These are unpredictable things. The closed financial system in the Mainland and sufficient The large foreign exchange reserves can guarantee that they will not be directly impacted by the financial crisis, and the market with a population of 1.3 billion in the mainland is really worth relying on...

The sun is so hot today, the girls are all nestled in the room, Zhang Ke went to the beach alone to learn to surf.

At five o'clock in the afternoon, Yao Wensheng, Zhao Peng, and Zhu Xiaojun took a car from Luohu, Shenzhen to Hong Kong. Yao Wensheng came to contact Liu Zhicheng on behalf of the Jianye City Government, indicating that the mainland government would come forward to help solve some additional obstacles added to the project by political factors. .

After Yao Wensheng met Zhang Ke in Hong Kong, he contacted Wang Weijun. Wang Weijun told him on the phone that the temporary meeting of the Standing Committee of the Municipal Party Committee had just made a decision to appoint him as the director of the Investment Promotion Bureau of the High-tech Zone. It is a real step forward from the deputy director to the director.

The appointment has to wait for Yao Wensheng to return to the mainland, but he can directly work in the name of the director of the High-tech Zone Investment Promotion Bureau in Hong Kong. Judging from the progress of the initial contact, Wang Weijun will also rush to Hong Kong within two or three days. On the contrary, it is a little more difficult for high-ranking officials like Wang Weijun to go to Hong Kong.

The significance of the fab project is very clear within the Jianye Municipal Party Committee.