My 1999
Chapter 1136 SMIC
Time for fun always passes quickly. After a barbecue buffet, everyone drank tea and chatted. After digesting the food, it was almost evening.
Shen Nanpeng said goodbye to the people from Hanhua Magic City Studio.
"Mr. Xu."
Xu Liang nodded, "Where are the two of them?"
"The two ladies are reading upstairs. Do you want to call them?" Li Jinling said.
"No need."
He was not hungry after eating so much meat in the afternoon, so he went straight to the study.
He opened his work email and flipped through it briefly, then pressed the landline on the table.
"Come in."
Not long after, Li Jinling pushed the door and walked in.
"Mr. Xu, are you calling me?"
"Do you have information about Phoenix Fund?"
"Yes, it just arrived this afternoon."
"Bring it to me."
Li Jinling hurried back and brought the information from her workstation.
After waving her away, Xu Liang looked at it carefully.
Phoenix Fund is an 'S fund' he established under Hanhua headquarters in April this year.
Initial fundraising is 20 billion US dollars.
The first target of this fund's investment is the 'NBA Warriors'.
From the 2004-2005 season to now, the Warriors, with Yao Ming, Ben Wallace, Flash Wade, General Arenas and Billups as the main lineup, have won three consecutive championships.
Coupled with the Warriors' new arena officially completed this year, the Warriors have reached the peak in both hardware and software.
The revenue in the past season exceeded 480 million US dollars.
Net profit was 154 million US dollars.
Including the wholly-owned stadium and less than 10 million US dollars in debt, the valuation of the entire NBA Warriors has exceeded 4 billion US dollars.
Almost the highest in the entire NBA.
Xu Liang is going to put all the shares of the entire Warriors into the Phoenix Fund.
The reason is also very simple.
Although the current valuation is not the peak of the Warriors, there is not much room for growth.
In terms of performance, it is too difficult to win two consecutive three-peat championships.
In terms of hardware, with the new arena, the Warriors can at most make some investments in the financial market and real estate, and there is no other more reasonable investment direction.
Moreover, Yao Ming's big contract, Wade's big contract, plus Arenas, the salary of these three people alone exceeds 30 million US dollars.
It will greatly increase the team's salary cap. It is no longer possible to imagine that the situation where the player salary expenditure is less than 40% of the team's total revenue as before.
The increase in expenditure will affect profits. If the profit is reduced, the valuation will decrease.
Therefore, it is the most appropriate choice for him to sell the Warriors now, taking advantage of the opportunity before the subprime mortgage crisis.
Ring...
The phone rang.
Xu Liang looked at the caller ID and couldn't help laughing.
Here comes an American Cao Cao.
Press the answer button.
The voice of compliment came.
"Boss, it's me, Gordon."
"Dear Rick, if I'm not mistaken, it should be seven o'clock in the morning there, right?"
"To be exact, it should be seven eighteen, boss."
"Why are you looking for me so early?"
"Yes. The 2007 NBA draft will be held in half a month. This is the best draft since 2003. Many teams are paying attention to it. Especially one of your fellow countrymen is among them."
Xu Liang was stunned, but soon understood.
"Yi Jianlian?"
"Yes. Boss, if you are willing, we can exchange him."
"Has he tried out for the Warriors?"
"I came in May."
"What did Coach Tom say?"
"With a height of 2.12 meters and a weight of 120 kilograms, he has excellent physical fitness.
His basketball skills are also very comprehensive, and he can play the three positions of small forward, power forward and center.
But his offense is relatively single, his back-to-the-basket skills are not good enough, and his offensive speed is slow, making him easy to be defended by the opponent.
In addition, his organizational ability is average, and he needs his teammates to create opportunities for him to play."
Xu Liang: "So, he has no place in the Warriors."
The Warriors' current center position is Yao Ming and Okafor. In order to ensure Yao Ming's physical condition, he only plays two quarters except for some key games, or even does not play at all.
Although Okafor is a substitute, he can get an average of 20 minutes of playing time per season.
Reasonable exercise time also prevents him from getting injured as frequently as he did in his previous life in the Bobcats.
Strong athletic ability has effectively supported the Warriors' inside line.
The power forwards are Ben Wallace and Scola.
Ben Wallace has been troubled by a knee injury this season and his ability has declined, so Scola has played more.
The latter is a floor-flowing inside player, a typical strong offense but weak defense.
Yi Jianlian's role is similar to Scola's, and he can't provide strong protection for the inside players like Ben Wallace does.
Therefore, he can't become the main force of the Warriors.
And Yi Jianlian's current momentum obviously makes it impossible for him to accept sitting on the bench unless the Warriors are willing to guarantee the main force.
"Then forget it." Xu Liang didn't force it.
Yi Jianlian is a good player and has also had highlights in the NBA.
But he just can't stand up to the pressure.
In the Bucks and Nets, he was about to become a main player, but he got injured.
If the Warriors didn't have Yao Ming, Xu Liang wouldn't mind keeping him, but with Yao Ming already, Yi Jianlian in the space would be icing on the cake, which is really unnecessary.
Rick Gordon breathed a sigh of relief, he was really afraid that the big boss would ask for someone.
The current team lineup is reasonable, and there is really no place for Yi Jianlian.
"Anything else?" Xu Liang asked.
"Yes, Arenas' contract expires next year, and he hopes to get a big contract?"
"Big contract? How big?"
"6 years, $110 million."
Xu Liang frowned.
Although his memory of the NBA has become much more blurred, he vaguely remembers that the other party suffered a serious injury when he watched it in his previous life.
"Send me a copy of this year's draft list."
"Right away."
"I'll call you after I finish reading it."
Not long after hanging up the phone, the prompt sound on the computer sounded.
Xu Liang opened his email.
Soon the 2007 draft list appeared in front of him.
After seeing only one name, Xu Liang couldn't sit still.
"Kevin Durant? Durant is the 07 show?"
He knew Durant's name. After all, he was in the same league as Duncan, Nowitzki, Kareem Abdul-Jabbar, and Bird in the entire NBA history.
Scoring ability MAX.
But he really didn't remember which year Durant was drafted, he only remembered that this guy publicly stated that he wanted to drink Black Widow's foot washing water!
His train of thought was also very strange.
He picked up the phone and called Rick Gordon.
"Boss..."
"Who has the No. 1 pick this year?" Xu Liang interrupted directly.
"The Trail Blazers."
"What about the No. 2 pick?"
"Supersonics."
"Call them right now and exchange Arenas for their pick. Remember, our bottom line is Arenas for the pick."
Generally, when players of Arenas' level exchange lottery picks, they add the pick and a few good blue-collar workers as bonuses.
The Warriors don't lack role players now, so it doesn't matter whether there are bonuses or not.
"Boss, who are you going to sign?"
"Kevin Durant."
Gordon understood. Durant is a hot pick in this year's draft, and many teams are optimistic about him.
No wonder the big boss wants the No. 1 pick or the No. 2 pick.
"I'll arrange it right away."
"Call me when you have news."
"Okay."
Xu Liang hung up the phone.
Looking at the list on the computer, his eyes paused on 'Greg Oden'.
He had naturally heard of the name of the fake No. 1 pick, which was why he was chasing the No. 2 pick.
As long as history did not change too much, as long as he got the No. 2 pick, he could get Durant.
"In the future, if we can successfully get Curry, plus Durant and Wade, as long as the inside line is not too rubbish, we can create a new dynasty."
Thinking of this, Xu Liang suddenly didn't want to sell all the Warriors shares.
"Forget it, sell it. It's just a few melons and two dates, don't bother."
And even if he sold it, he would have a share of the money made by Phoenix Fund.
——
No. 18, Zhangjiang Road, Shanghai Free Trade Pilot Zone, SMIC headquarters.
Zhang Rujing and the company's senior executives stood at the door to greet them.
"Here we come, here we come."
It wasn't anyone who shouted first.
Not long after, three black Maybachs drove in.
It was well known at home and abroad that Boss Xu liked to drive Maybach, and it was not a secret anyway.
And because of his leading role, the big and small bosses who became rich in China also liked Maybach.
Mercedes-Benz even called to express its gratitude for this.
Seeing Xu Liang getting off the car, Zhang Rujing hurriedly went to greet him.
"Mr. Xu, welcome to SMIC to inspect the work."
"Haha, inspection is too serious, I just came to take a look."
Under the leadership of Zhang Rujing, he simply shook hands with the other senior executives of SMIC.
Since Hanhua acquired SMIC, except for the CEO and R\u0026D positions, the rest of the finance, personnel, security, logistics and other positions have been filled with their own people.
Then these people were made members of the board of directors.
This is also the confidence of Xu Liang to change the management structure of SMIC to a partnership system.
"I'll take you in to have a look?" Zhang Rujing
"Okay, I came here for a quick look last time and didn't take a serious look. This time I have time."
Under the leadership of Zhang Rujing, Xu Liang put on dust-proof clothes and went to the workshop.
After a round of viewing, he satisfied his purpose of having a good time.
"Is that the new factory?"
Xu Liang pointed to a quiet factory area in the distance.
"According to your original plan, we have been working hard to increase the production capacity of the four factories in Shanghai from 35,000 pieces/month to 100,000 pieces/month by investing 2.5 billion US dollars.
The factory has been built now. When the machines ordered next month arrive and there is no problem with debugging, we can officially start trial production in October."
Xu Liang nodded.
When he acquired SMIC last year, he set a 10 billion US dollar investment plan.
One of them is to increase the production capacity of the two 12-inch 65-nanometer chip factories in Shanghai and Beijing from 35,000 pieces/month to 100,000 pieces/month.
The second is to build two 12-inch 65-nanometer chip factories in Yangcheng and Qingzhou with a monthly output of 100,000 pieces.
Subconsciously looking up at the side face of the man beside him, Zhang Rujing, who knew what he was thinking, said directly.
"The Yangcheng and Qingzhou factories are almost finished, but I want to wait for the machines to enter the factory."
"Why?"
"With the technical support of Hynix and sufficient R\u0026D funds, our technology is progressing rapidly. If everything goes well, we will be able to come up with a 45-nanometer production process this year.
It would be a waste to repeat the construction of a 65-nanometer process in half a year.
It just so happens that the global chip market has entered a downward cycle. If we build in the later half of the year, we can not only save costs and add new production capacity, but also effectively reduce losses.
Kill two birds with one stone. "
Xu Liang nodded. Although the current 45-nanometer process is not the best in the world, it is still first-rate. Except for TSMC, Intel and a few others, few can master it.
"As for the new technology, has the investment also increased?"
"If we still produce 100,000 pieces per month, the total project investment will be approximately US$6 billion to US$7 billion."
The total investment in a 12-inch 65nm chip factory with a monthly output of 100,000 pieces is approximately US$4 billion.
45 nanometers instantly expanded by 50%.
And as the process grows, investment will increase.
In the future, a 14-nanometer, 12-inch chip factory with a monthly output of 100,000 pieces will have a total investment of over 10 billion.
Coupled with the factor of inflation, the investment will become larger the further you go.
Seeing Zhang Rujing's somewhat anxious eyes, Xu Liang smiled.
"Don't worry, I still say what I said. I fully support the development of SMIC. If other shareholders do not invest, the Xu Family Charitable Foundation is willing to bear the expense."
SMIC is still a listed company. Although the Xu Family Charitable Fund holds a controlling stake, Datang Telecom, China Information Technology, and Tsinghua Unigroup also own part of SMIC.
However, as investments from the Xu family continue to come in, it is still unknown whether these institutions are willing to follow suit.
After all, according to the two people’s plans, SMIC will continue to build factories in the future.
Thirty to forty billion US dollars will be burned within three to four years.
Although Datang, Ziguang and Xinke are state-owned enterprises, they may not be able to withstand such crazy money burning.
Zhang Rujing breathed a sigh of relief, "I'm afraid SMIC will be delisted this year."
"Haha, that's not necessarily the case. Maybe someone is optimistic about you and is willing to continue to invest more." Xu Liang said with a smile.
“Unless we are willing to give up SMIC’s second phase development plan.”
Xu Liang stopped and said, "Don't worry, Mr. Zhang, I will never go back on what I promised you. And I have already chosen the destination for the second phase of investment."
Zhang Rujing's eyes lit up, "Where?"
"Luzhou, Rongcheng."
When acquiring Meiling, the Luzhou city government's condition was that they could put a line here, and Xu Liang did not refuse.
As for Chengdu, he plans to build another Universal Studios here.
If the plan can be successfully realized, it will be able to seize the entire southwest paradise tourism market.
"When will work start?"
"You can go and talk now. As long as the talks are completed, work can start at any time." Xu Liang said with a smile.
Zhang Rujing nodded and thought for a moment.
"I want to talk this year and start construction after the Spring Festival next year."
"Why?"
"Negotiations take time, and by the time they are settled, it will be autumn. If we can't start work in winter, we might as well wait until spring to start.
In addition, after the new factory here is put into trial production, there will be less resistance when building a new factory.
The most critical thing is that we need time to train workers.
This year, the two new factories, plus the two expanded factories in Beijing and Shanghai, have put all the workers we have trained into use.
Without qualified workers, the yield rate will not increase. With so many factories, our losses will be ugly. "
Xu Liang nodded after thinking about it briefly.
"I said at the beginning that I would not interfere in your management, and my words still stand today."
"Thanks."
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