My Age of Investment

Xia Jingxing introduced the situation of the fund in detail, and everyone expressed their opinions.

"I'll give you 200 million!"

"I'll give you 200 million, Jing Xing. Don't think it's a small amount of money. Brother, I only have so much ability."

"This is a good thing that benefits the country and the people, and it is also a grand event that semiconductor practitioners have always longed for. We also invest 200 million."

…

Five institutions, including Hanergy, Cybernaut, Capital Today, DCM, and Northern Lights, have generously donated funds. Each institution expressed its willingness to invest 200 million yuan, and the five institutions totaled 1 billion yuan.

This number is exactly the same as last year’s investment in Fuxing Semiconductor. In total, each institution has bet on semiconductors worth 400 million yuan.

This is not a small amount for the five venture capital institutions, which include not only their trust in Xia Jingxing, but also the feelings of some technological powerhouses.

At present, the valuation of Internet companies has doubled several times a year. Compared with this, semiconductors are not a good investment target.

Although several institutions did not invest much, Xia Jingxing was already very satisfied.

He is not short of the one billion or eighty billion. The reason why he has brought together several institutions to play together is because he hopes that everyone can join forces and pool all kinds of resources as much as possible to develop the semiconductor industry.

For example, Deng Feng is very prestigious in the Tsinghua Chip Gang. It is easy to help with appeals and introduce various projects.

"Huashan Capital has just been established and its scale is relatively small. Let's invest 100 million yuan."

Chen Datong started his career late. Spreadtrum only completed its listing last year, and his background is a little worse than others.

Xia Jingxing nodded to Chen Datong. This technology guru was also a die-hard chip master. He invested in innovation and excellence. In his previous life, he was also very impressive in the field of chip investment.

Wu Ping said: "Spreadtrum has not long been listed and does not have much surplus funds on hand. I will subscribe for 100 million on behalf of the company. If the financial report is good in a few quarters, we will make additional investment."

Xia Jingxing smiled and nodded at Wu Ping, and then looked at Wang Jingbo who had not yet expressed his stance.

“Mr.

Xia Jingxing frowned slightly. Private equity funds had just emerged at this time. Many wealthy people had never heard of this kind of financial product, let alone understood it. They spent all their money on real estate and stock speculation.

"Just try to sell as much as you can. Let's make a good start first, so that wealthy individuals will gradually understand and trust private equity funds. In the future, we will strive to introduce more social funds into the venture capital industry and semiconductors."

This is Xia Jingxing's sincere words. Although the United States also has various desperate operations on Wall Street, it is still much easier to raise funds in the venture capital industry than in China, and personal angels are also very popular.

A prosperous venture capital environment can promote the growth of more start-ups, create more jobs, and provide more tax revenue. This is much healthier than using social funds to speculate in real estate.

Wang Jingbo was relieved when she heard that Xia Jingxing didn't impose a sales target. If the other party gave her a sales target of one billion or two billion, she really wouldn't be able to take it.

However, she still answered beautifully, saying that she would do her best.

After the matter was settled, the meeting ended soon after. Everyone else left, but Fu Jixun and Deng Yuanyun stayed.

Deng Yuanjun said happily: "Mr. Xia, excluding Noah Wealth, we have received a total of 8.2 billion yuan in investment commitments, which is equivalent to 8% of the entire fund."

Xia Jingxing nodded lightly, "Okay, let's start the work quickly. The other more than 90 billion will be in place soon."

"Okay, I'll get busy first."

Deng Yuanjun left the conference room with a smile. The more he thought about the 100-billion-dollar fund, the more excited he became. Although it was not his money, he could control it, which was considered very impressive. He had reached a new peak in his career.

Fu Jixun was a little depressed, but he still forced a smile and said, "Mr. Xia, I will fully cooperate with Mr. Deng's work in the future."

Xia Jingxing waved his hand gently, "I know you may have some complaints in your heart, but I also have my own intentions in making this arrangement."

"Mr. Xia..."

Fu Jixun wanted to explain, but Xia Jingxing waved his hand to stop him, "You are a Singaporean, have you ever thought about going back to Singapore to work?"

Fu Jixun's mind was spinning rapidly. What did this mean?

Is this to allow yourself to explore the Southeast Asian market? Or exile?

Fu Jixun became a little uneasy. He had not made any mistakes. Even if the 100-billion-dollar fund flew away, he could only mutter a few words in his heart, but he never hindered his actions.

Xia Jingxing didn't let him guess for too long and quickly revealed the answer: "Do you dare to take charge of a PE fund?"

Singapore, PE funds...semiconductors!

Fu Jixun's mind was like a flash of lightning, and he said with a happy face: "Mr. Xia, do you want to set up a fund to invest in semiconductors in Singapore?"

"Yes, but it is not a financial investment, but a holding and acquisition PE fund."

Xia Jingxing looked at Fu Jixun with a smile. If he only wanted to make money, there were plenty of investment opportunities, so why would he invest in semiconductors that were slow to bear fruit?

Therefore, the PE fund he set up in Singapore will not make financial investments, but will definitely focus on acquisitions and resource integration.

Fu Jixunpin got interested and asked, "Mr. Xia, you want to use Singapore's geopolitics to bypass the advanced technology blockade and acquisition process review."

Xia Jingxing snapped his fingers and said, "That's right. Envision Capital will consider setting up a US$10 billion PE fund next, specifically to acquire overseas semiconductor industries, and then integrate them together and place them in Singapore."

Fu Jixun frowned and said: "Singapore has not attached much importance to manufacturing in recent years. In the past, it still insisted on an industrial structure with a manufacturing ratio of no less than 25%. In recent years, it has begun to focus on the development of IT and finance."

Xia Jingxing nodded lightly, "I know, there are some signs of this, but now the semiconductor industry is still one of the two pillar industries of Singapore's electronics industry, accounting for 58% of the electronics manufacturing industry.

Singapore's semiconductor production capacity accounted for 10.2% of the global market from 6.3% in 2001. The upward trend is not very fast, but it is rising no matter what.

And according to the information, there are more than 300 semiconductor companies in Singapore, coming from North America, Europe, Japan and other regions.

These include 40 IC design companies, 14 silicon wafer fabs, 8 special wafer fabs, 20 packaging and testing companies, and some peripheral companies responsible for substrate materials, manufacturing equipment, photomasks and other industries. The industrial chain is very complete. . "

Fu Jixun nodded, "To put it this way, Singapore has accumulated quite a fortune in semiconductors over the past few decades.

Since the 1960s, foreign manufacturers have begun to set up packaging factories in Singapore.

Then in the 1980s, HP moved its chip design center and manufacturing factory here, followed by STMicroelectronics, Texas Instruments, AMD, NEC and other companies to set up factories.

In the 1990s, Singapore launched a semiconductor industry development fund with a scale of S$2 billion.

In order to create a good investment environment, the EDB Economic Development Bureau also provides foreign semiconductor companies that come to invest in Singapore with planning and assessment before investment and factory construction, to water, electricity and land acquisition during factory construction, and to personnel after completion. Recruitment, long-term financial planning and a range of help.

Because of all the above, Singapore's semiconductor industry has finally developed and is known as the industrial center of the global semiconductor industry and the bridgehead of Asia. "

Xia Jingxing smiled. Singapore's investment promotion policies can see many shadows of domestic science and technology parks, or to be more precise, they learn from Singapore. Going forward a few years, China often sends large-scale civil servants to Singapore to study management economics. , Public Administration, and the “Mayor’s Class” is even more famous.

Domestic investment promotion has been very impressive in recent years. If it were not for the technological blockade, the gap between semiconductors and international leading technologies should be narrowed.

"Do you know anyone from Temasek or GIC? Or do you know officials from the Economic Management Authority?"

Fu Jixun smiled, “Mr.

Many of the colleagues I worked with back then were promoted and transferred to the three institutions you mentioned. "

Xia Jingxing suddenly remembered that the other party was the Asian department of DFJ, which he joined later, and was then sent to China to develop the market. As a result, the first investment project of the venture capital career happened to be Baidu, and he became a god in one battle.

“That’s good, you can take the time to go back to Singapore during this period, chat with old colleagues, and learn about the latest policies in related industries.

By the time you finish the front office, the work in the U.S. office should be almost finished. By then, we will have raised a tens of billions of dollars in PE funds and let you run it. How about it? "

Looking at Xia Jingxing with a smile on his face, Fu Jixun felt as if he had been hit by a pie. This happiness came so suddenly, and there was a bright future in another village!