My Age of Investment

Husband and wife Dai Weili and Zhou Xiuwen left Fuxing Industrial's Silicon Valley office park with mixed feelings.

Fortunately, Xia Jingxing decided to seriously consider the cooperation proposal between Fuxing Mobile and Marvell Electronics, but worryingly, there were additional conditions for the cooperation.

"Husband, otherwise...we promise Mr. Xia?"

Zhou Xiuwen looked at his wife with wide eyes, looking in disbelief, "What nonsense are you talking about? From what I heard from Xia Jingxing, he at least asked to hold Marvell Electronics. What will we do then?"

Dai Weili gritted his teeth and said: "Let him hold the controlling share. Anyway, our current shareholding ratio is far less than half. Who should be replaced as the major shareholder?"

And next we will make a big move into the Chinese market! Xia Jingxing can provide us with a lot of resource help.

What Xia Jingxing said actually makes sense. In the United States and other countries, it is difficult for us to beat Qualcomm. The Chinese market is our real hope for rise. "

Zhou Xiuwen pondered. He was mainly responsible for technology in the company, while his wife was responsible for sales and business.

Over the years, my wife has never made any mistakes in her decision-making, helping the company win one big customer after another.

My wife decided to bet on China's 3G market and revive mobile phones, so she naturally had her own reasons and judgment.

"Think about it again, and do you think Fuxing Industry can afford such a large amount of money?"

Dai Weili said with a smile: "Of course, we need to consider it. Not only do we need to consider it, but we also need to conduct further inspections.

I called my elder brother and asked him to help us inquire about it in China.

Moreover, the eldest brother said that Renaissance Industrial Fund has approached VeriSilicon and seems to be interested in investing in them.

Mr. Xia is also a powerful figure on Wall Street, and may be more powerful than you and I imagined. "

Stephen Chow puzzled: "Isn't Facebook his main source of wealth? This company hasn't even been listed yet."

Dai Weili sneered, "You are obsessed with studying technology day by day, and you don't pay attention to things other than chips. Just listen to me and tell you slowly..."

…

"Is the person gone?"

Lin Bing knocked on the door and walked into the reception room. Xia Jingxing was the only one left in the room quietly drinking tea.

"sit!"

Xia Jingxing tapped the empty seat next to him and motioned for Lin Bing to sit down.

After sitting down, Lin Bing couldn't help but ask: "Mr. Xia, what did the couple say?"

"They may still be a little confused, or they don't trust us enough. Give them some time and let them think about it again."

Lin Bing frowned and said: "Mr.

As for Samsung, it is not worthy of trust. The only one we can trust is ourselves. "

Xia Jingxing nodded slightly, and then a smile appeared on his face.

Directly influenced by himself as chairman and CEO, Fuxing Industrial's senior executives have had a sense of urgency and a big-picture perspective since its establishment.

Take Lin Bing as an example. In his previous life, he followed Lei Jun to assemble mobile phones. He also secretly worked on the Pengpai processor. However, when he encountered a slight setback, the internal opposition became overwhelming. Later, he simply went to cooperate with Qualcomm in research and development. , stopped the road of self-research.

Of course, this has a lot to do with the fact that rice mobile phones are not profitable enough to support long-term and high-investment research and development. From a business perspective, it is understandable to make such a choice.

At least Daimi still struggled, unlike some who simply chose to lie flat.

Fuxing Mobile is different. It has a better start. In addition, Xia Jingxing has always pursued the development strategy of "capture the market through technological innovation, and the high profits obtained from the market are fed back to R\u0026D." Therefore, no one in the company has proposed to extract profits and pay large dividends. short-sighted strategy.

On the contrary, senior executives often feel that R\u0026D investment is not enough and R\u0026D is too slow, and the entire company is working hard to climb the technology tree.

But having said that, this prosperous scene is also based on the fact that Fuxing Mobile has conquered cities and territories around the world and its sales have been rising.

If the sales of a certain mobile phone decline or even plummet, it will interrupt this high-investment R\u0026D trend and even pose severe challenges to the operational level and financial status.

Fortunately, there is a blood transfusion channel like Vision Capital, which can help "check for leaks and fill gaps" at any time.

Looking at Lin Bing's slightly sad face, Xia Jingxing smiled and reassured: "Don't worry, we have to wait for the opportunity. It is too slow for us to build our own R\u0026D team, so we can only choose acquisition.

As for acquisitions, we are willing to pay, but others must be willing to sell, right? "

Lin Bing's face brightened slightly: "Then how long do they have to think about it? Should we look for a few more acquisition targets as alternatives?"

"Taking all factors into consideration, Marvell Electronics is our most ideal acquisition target. They have technical reserves and are eager to enter the Chinese market. In addition, they are Chinese, so everyone has a certain foundation of trust."

Xia Jingxing spread his hands and said, "I would like to acquire Qualcomm and MediaTek. The question is, are they willing to sell?"

Lin Bing nodded, "That's true. What about Spreadtrum Communications? The technology is not as good as that of Marvell Electronics, but it is considered a leader in the country. It is very suitable for us to acquire and cultivate it."

Xia Jingxing looked at Lin Bing a few times, then said with a joking smile, "Have you already set your sights on him?"

Lin Bing did not feel any embarrassment and explained generously: "Vision Capital is a shareholder of Spreadtrum, and Spreadtrum is an LP of Fuxing Industrial Fund, and the two founders of Spreadtrum, Wu Ping, Chen Datong and Mr. Xia, you They are also good friends. I think the acquisition is much easier than that of Wonderful Electronics.

More importantly, I heard that Spreadtrum's chip shipments are declining, and its performance may suffer a big decline next! The stock price may plummet!

When the time comes, we will take action, not only to rescue the distressed, but also to save some acquisition costs. "

After looking at Lin Bing with a bright smile, Xia Jingxing also smiled.

This shows that Lin Bing, the president, has not been idle during this period, and has made clear arrangements for Spreadtrum.

"Spreadtrum can be included in the plan list. You and Deng Yuanjun can communicate more and make preliminary preparations.

However, counting on Spreadtrum's chip products to be installed in Fuxing mobile phones is definitely not possible in the short term. "

Lin Bing smiled and said: "I understand that due to technical reasons, they can only produce mid-to-low-end products in the short term."

Xia Jingxing nodded slightly. He had already set his sights on Spreadtrum, otherwise he would not have introduced Chen Datong and Wu Ping into the ranks of shareholders and LPs of Fuxing Semiconductor and Industrial Fund.

But Lin Bing is right, the acquisition time will have to wait.

Cost savings are secondary. The most important thing is that after the subprime mortgage crisis breaks out in full, the harsh economic environment and declining company performance will weaken the business confidence of founders and shareholders, creating more favorable conditions for acquisitions.

This principle can also be applied to Perfect Electronics.

The market value of nearly 15 billion US dollars is higher than the overall valuation of Fuxing Industrial, which is neither cost-effective nor easy to negotiate.

When the subprime mortgage crisis fully explodes, Dai Weili and Zhou Xiuwen should change some of their minds.

Moreover, he cannot withdraw funds now, and the money is still in various trading accounts, waiting to divide up the final wealth feast.

With this money, he and Fuxing Industries can start their "core journey"!