Rebirth of England

At this time, Zhang Junning had left Huaxia and went to Lijiapo.

She had just completed a new round of financing for Xiaomi on behalf of Rich23 Capital.

In early July this year, in the last round of financing of Xiaomi, in which Rich23 Capital participated, they invested 25 million US dollars in Xiaomi and obtained 10% of Xiaomi's shares.

And only half a year later, this time Xiaomi's financing, their valuation has soared from 250 million US dollars six months ago to 1 billion US dollars - even though Xiaomi had only received orders for 340,000 mobile phones after the release of the MI 1 mobile phone, and had not yet completed the delivery.

But anyone with a discerning eye can see that with Xiaomi's posture, their chances of success are already very high.

The most important thing is that Lei Jun, who has already had successful experience, is also very popular with investors as an entrepreneur.

Therefore, in this round of Xiaomi's financing, Rich23 Capital also actively participated. They took out 50 million US dollars to participate in this round of Xiaomi's financing, and once again got 5% of the company's shares - so that Rich23 Capital already holds 14% of Xiaomi's shares (the proportion of shares obtained in the previous round of financing was diluted by the new round of financing).

After completing this round of financing for Xiaomi, Zhang Junning arrived at Lijiapo, where she met Hock.E.Tan, CEO of Avago Technologies.

Avago Technologies was originally established when Chen Fuyang led Rich23 Capital and acquired Agilent Technologies, a semiconductor division split from HP.

After that, Chen Fuyang focused his main energy on the management of Avago Technologies.

In Barron's previous life, Chen Fuyang was called an M\u0026A madman because he led Avago through mergers and acquisitions again and again, thus becoming a global leading semiconductor giant.

Now with the funding provided by Barron's and the financing support from Standard Chartered Bank, Chen Fuyang did not stop, but instead accelerated his pace.

If the initial acquisition of Infineon Semiconductor's acoustic business for more than 20 million US dollars and the acquisition of CyOptics for 400 million US dollars were just a small test for Chen Fuyang.

Then he made a big move. In 2009, Chen Fuyang took advantage of the global economic downturn after the subprime mortgage crisis and acquired memory chip manufacturer LSI for 4.5 billion US dollars to help Avago strengthen its position in the enterprise storage market and expand its product supply.

Now after three years of development at Avago, Chen Fuyang can't hold back and is ready to make another acquisition.

This time, he first plans to acquire Emulex.

Emulex, headquartered in Costa Mesa, California, is one of the world's leading enterprise-class server and storage suppliers.

Its widely acclaimed products include HBAs, intelligent storage platforms, and specific storage products such as switches, bridges, routers, and I/O controllers, providing users with reliable, scalable, high-performance storage and server solutions.

Chen Fuyang hopes to accelerate Avago's strategic deployment in the next generation of servers and storage racks through this acquisition.

Although Zhang Junning is the president of Rich23 Capital, and Rich23 Capital holds a wholly owned stake in Avago.

But in the semiconductor field, Chen Fuyang still has the greatest say in Avago's mergers and acquisitions and development.

Therefore, Rich23 Capital will also fully cooperate with Avago's acquisition of Emulex this time.

It is estimated that the acquisition of Emulex will cost about US$600 million, which is not a particularly significant acquisition for Avago.

But Chen Fuyang's plan is not just this. After the acquisition of Emulex, he has another big goal-Broadcom.

Broadcom is different from the companies that Avago has acquired before. It is really a giant in the field of communication chips. Broadcom is famous for its broadband and WIFI chips, the most famous of which is the earliest cable modem on the market. At the same time, this product has also expanded to the network processor and Ethernet switch chip market.

Broadcom's strongest response in the SDxContral world is the switch, because its chips are used to design new switches, including most white box switches with current waveforms.

At the same time, Broadcom also produces chips for about half of the world's tablets and smartphones, and is one of Qualcomm's main competitors.

Broadcom's current market value is about 30 billion US dollars, but there is no doubt that if this acquisition is to be made, it must be acquired at a premium - so this is also a significant acquisition for Avago.

"Avago and Broadcom have very few overlapping products, and we have successfully entered the storage market through acquisitions of companies such as LSI before, but if we can acquire Broadcom, we will definitely be able to stabilize our market share in this market and reach the forefront of the world..."

Although Zhang Junning is too young compared to Chen Fuyang, in Chen Fuyang's eyes, she is actually more important as a representative of Barron. Therefore, he still has a very good grasp of his attitude towards Zhang Junning at this time, and patiently explained to her:

"Although Avago and Qualcomm's target applications are both broad consumer electronics and commercial markets, Avago's current strengths are analog products for optical and wireless communication applications, and Qualcomm is good at digital SoCs for applications such as smart homes and data centers. Our two companies have a lot of overlapping customers. If we can achieve a merger, it will be good news for chip buyers who hope to simplify their supplier lists. In addition, the revenue and profits of our two companies have always had stable growth performance. I have a very positive view on the synergy after the merger."

In fact, as Chen Fuyang believes, although as the president of Rich23 Capital, Zhang Junning can independently carry out investments such as the investment in Xiaomi, and even Avago's acquisition of Emulex, she can also make the final decision.

But for a large-scale merger like the acquisition of Qualcomm, which involves tens of billions of dollars, she still needs to report the details to Barron and listen to his opinions.

Therefore, in this matter, she also needs to do a good job of communication, so she is listening carefully to what Chen Fuyang mentioned.

Finally, she said to Chen Fuyang:

"Mr. Chen, I will fully convey the information and your opinions to His Royal Highness the Duke, and will also conduct a detailed evaluation of your acquisition. I believe His Royal Highness the Duke will make the right judgment. As for the acquisition of Emulex, Rich23 Capital will give you the support you need, and this work may start now."