Rebirth of the Official Business Route

Rebirth: Official Road Business Chapter 1084: Besieged and Breakthrough Plan

After Nao Kumho's cooperation with Microsoft was rejected. Li Zai's representative son is under the **** of Horizon. Emergency consultation with Wenzhou government. Discuss Samsung Electronics' joint venture plan to build a fab in Wenzhou. It's more than half a month's time. Basically negotiated a joint venture agreement for Samsung Hongxin fab. Hurry to announce the cooperation plan on the day when the U.S. authorities passed the review of Kumho and Texas Instruments Technology Transfer Association.

Compared with the long preparatory period of Sinocrystalline Microcore and Huaxia. The degree of Samsung Electronics, Wenzhou City Government and Horizon Investment regarding the joint venture of Samsung Hongxin to build a factory is really amazing. Fastest update of novel chapters

Zhouguanhai Hotel. Thirty-sixth floor senior suite. Li was standing in front of the falling glass window. Looking at the distant sea water and the busy harbor nearby and the neat and vast Lingang Industrial Zone.

In Beijing, Jianye is in Wenzhou. Li Zaidou deeply felt that there were still problems of this kind in this country under his feet. But it cannot be denied the fact that it is rapidly rising.

As a Korean. It is to be proud of South Korea's economic achievements in the past 30 years. But we must also see when China really rises. China and Japan are squeezed in South Korea in a corner of Northeast Asia. The position will be quite embarrassing and embarrassing. From the origin of politics. The country has no chance to become a big country. But ordinary Korean youth have self-confidence that has inflated their economic achievements in the past 30 years. He would never admit this. "Fiction" novel chapters are updated fastest

Li closed his eyes in a moody mood. From his personal feelings. He never hopes to see the rise of China one day. But the denial in the form of deceiving the ears and stealing the bell will not help solve the actual problem. The actual situation. Three Electronics must face the threat of competition from Kumho.

Choosing to build a wafer fab with Wenzhou Municipal Government Horizon on this machine seems a bit hasty. It is also well thought out. Uncle Li Zhi visited China in the summer. Has been very concerned about the Chinese market. There should also be an in-depth examination. Regardless of whether Samsung Electronics will directly come forward to disrupt the Kumho and Microsoft cooperation plan. It was decided to build a fab in China. The decision-making time is short and resolute is undoubtedly correct.

The joint venture will start Samsung Hongxin's construction plan. On the one hand, it can cooperate with Mitsui's run on Microcrystalline Microcore to increase the cost of new construction of Microcrystalline Microcore from equipment procurement financing policy support field competition and other aspects. It is best to force Microchip to abandon the new plant construction plan. Even if Microchip still insists on building a new factory, it will squeeze the resources that Kumho has invested in other industries. This is also advantageous.

on the other hand. Samsung has long decided to gradually reduce manufacturing costs to China. It's just that wafer manufacturing is the foundation of the electronics industry. To be transferred. Don’t say when to transfer Samsung’s internal disputes. The Korean people and government authorities are also controversial about this. It seems that if you continue to entangle these controversial and practical actions, Samsung's disadvantage in manufacturing costs will become more and more obvious. This is Samsung's decision to build a crystal in China. The root cause of the round factory.

Jin Yong knocked on the door and came in. See Li standing in front of the window and watching the sea. Walked over to him and said, "Secretary Jin and Mayor Han are coming to the hotel. Shall we go down to meet him?"

"Jin..." Li Zai smiled faintly. Said jokingly. "It sounds like us Koreans."

Jin Nanyong also smiled. I think that the vicious competition within China is really breathtaking.

The reason for the decision to build the factory in Wenzhou instead of choosing the site in Jianye is that Wenzhou City Government and Horizon Investment have promised that financial institutions such as the Wenzhou City Bank of Information and Communication Bank will provide all the low interest rates for the huge funds required for the construction of the factory. The Wenzhou Municipal Government will fully assume the responsibility of supporting the construction of the project. In addition to providing technical and engineering management technicians, Samsung Electronics hardly takes any additional risks for this. Actually. The so-called Samsung Hongxin is actually just relocating a 035-meter eight-inch wafer from Samsung Electronics in Suwon City, South Korea, to Wenzhou. The price of the equipment will also be calculated based on the current price of the new equipment. The equipment of South Korea's Suwon factory was emptied. You can make room for the four lines of 013 microns. Jin Nanyong can't think of any reason to refuse to cooperate with Zhou.

Blame Li is joking that Wenzhou City Party Secretary Jin Liping Mayor Han Qigeng looks like a Korean.

"How long will it take for Yan Wenjie to come?" Li Zai picked up the suit on the sand and put it on. Prepare to go down with Jin Nanyong to meet Wenzhou's master.

The joint venture to build a fab. Yan Wenjie and Horizon are in a match. Li knew in his heart that he was actually making an idea behind his back. Some time ago. Chi Zuo Xiuzang stayed in Jianye and had close contact with Yan Wenjie. Otherwise, how could Yan Wenjie catch Samsung's itchy all at once?

Joint venture wafer fab. Horizon has a shareholding ratio of 25%. The ICT Bank controlled by Horizon will also provide the same proportion of low-interest loans for the construction of the fab. This is for the Horizon Department. It is also a very cost-effective business. Investment insurance is actually borne by the Bank of Information and Communications.

Besides. Wenzhou Urban Construction Investment Group, which is directly controlled by Wenzhou City Government, holds 25%. Samsung Electronics holds 50%. Nominally. Samsung Electronics does not have a controlling stake in the joint venture fab. Actually. In the future, the entire technical team and management of the fab will be directly controlled by Samsung Electronics. Is there more direct and tighter control?

"Wen Jie will come with Master Yan. It will take some time if possible," Jin Nanyong said.

The Yan family in East Zhejiang is really terrifying. Yan Yi is the son of Yan Wenjie's cousin Yan Kuanhe. He has held leadership positions in Wenzhou for a long time. After the Horizon surfaced. Yan Yi transferred from Wenzhou. Served as the director of the National Industrial Machinery Committee. There is also news that Yan Yi will join the China Planning and Exhibition Committee as the deputy director in charge of the industry.

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Yan Wenjie received a call and heard that Jin Liping and Han Qigeng had arrived at the Guanhai Hotel. He also urged the driver to drive faster. Let Jin Liping unexpectedly. It's a bit rude to wait for them too long.

For Samsung Hongxin's investment plan. Yan Wenjie is still extremely satisfied. Horizon does not actually need to bear any investment directly. All that is necessary is to provide a registered capital of two to five million US dollars in proportion. Samsung Hongxin is based on Samsung Electronics' 035-meter thread chip production base in China. Will receive internal orders from Samsung Electronics. Can't worry about the bad condition of the external market

The reason why Microcrystalline Microcore is able to moisturize. However, the market prospects of Huaxia after it is put into production are worrying. It is nothing more than a large number of internal orders received by Microchip from Kumho.

How could Yan Wenjie let Horizon miss out on this kind of steady profit without losing trade? During the secret meeting between Jianye and Chi Zuoxiu. When Yan Wensuke heard Chizuo Hidezo's suggestion, he saw many hidden inside.

Although it is a joy to surround and fight the brocade together. But as a businessman. The first consideration is still interest.

Yan Wenjie knew very well that after the joint venture, Samsung Hongxin would give Samsung confidential control. Third, there are enough financial means to maximize the third profit. Although for Horizon, it is a trade that makes a profit without losing money. The actual profit is extremely limited. This point of profit is really worth fighting for. However, 25% of Samsung Hongxin's equity in Hongxin is held by Haisu Technology, which is controlled by Horizon. What kind of chain will be produced?

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Jinshan Patio. In the luxurious living room by Yinma Bank, Zhang Ke stared at the stock trend chart on the computer screen for a while in the study. Immediately walked to the window. Watching the shining waves on the drinking horse river in the sunset.

Ye Jianbin swayed his legs on the sand. Smokes like a gentleman. Quite interestingly, smoke rings there. Seeing Zhang Ke's eyes off the computer screen. Then he said to him: "Yan Wenjie's brain is a very smart brain than him, so I don't see it much..." He stretched out his finger and pointed at the sun**.

Zhang Ke passed away. Standing leaning on the windowsill, he said, "He is also very wild. The only drawback is that he is too greedy. I don't know how to leave some limits."

"He probably thinks that with two strokes of a thousand catties, Haisu Technology can really become a leading technology company with golden light." Ye Jianbin said disdainfully.

The two cities are still oscillating and adjusting today. Because of news that Horizon Investment will allow Haisu Technology to participate in Samsung Hongxin's joint venture plant plan. As soon as the market opens today, the stocks will buy orders up to the daily limit. As Haisu Technology implemented the free stock distribution plan in the third quarter. On the face of it, the stock price has fallen in the past two months. The actual market value has nearly doubled. "Hey." Zhang Ke sighed. Said. "It's going to rain. My mother is going to get married. Let them go. As long as you break the rules and don't break the lake. Can we reach out and stop them?"

obviously. Follow the normal play rules. Haisu Technology is not qualified to participate in the investment of such a major project of the fab. At least the capital strength is far from enough.

Microchip Xinpu, construction funds. In addition to the huge financing from the financial institution bank consortium. Kumho and other shareholders jointly assume 50% of the capital contribution obligations of approximately US$600 million. There are losses or other operational risks. It will also be borne by the shareholders’ capital first; generally speaking. There are business risks. The loss of equity is far greater than the loss of debt.

Samsung Hongxin completely passed the investment risk to financial institutions. The joint venture shareholders simply did not invest much money in it. There is almost nothing to lose. Haisu Technology can also participate in Samsung Hongxin's joint venture with four or two strokes. Only provide 2.5 million US dollars of registered capital to hold 25% of Samsung Hong.

Although Samsung Hongxin's joint venture plan broke the bottom line of the rules of the game. However, the governments of East Zhejiang Province and Wenzhou City are behind them. Zhang Ke and the others just wanted to sabotage. There are also regrets beyond reach.

since. Wenzhou's economic exhibitions are second to none in East China. The economy of East Zhejiang Province was generally better than that of East China Sea before 1978. Huishan built the rise of Yehaizhou in recent years. Especially the strong rise in the high-tech industry. Raise the level of economic development in Donghai Province to a whole new stage. Makes Eastern Zhejiang Province somewhat eclipsed. in addition. The port construction of the new pavilion is in full swing. It will also disperse the competitive advantages of many coastal cities in eastern Zhejiang Province, including Wenzhou, in the seaport industry.

under such circumstances. The Zhejiang government has come forward with hungry food and Samsung Electronics to finalize Samsung Hongxin's joint venture plan. It is not difficult to understand; as a traditional representative of the Fang forces in East Zhejiang Province. It is not hard to understand how Horizon makes money from it.

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Fu Jun knocked on the door and came in. Said: "Secretary Zhao has arrived at the hotel."

"Ah. Zhao Youlun is here. Ye Jianbin just stood up from the sand. He patted the soot off his body. He said with a smile that he probably wanted to persuade the people to build a wafer in Jinshan. He didn't want to give us Mitsui Samsung TSMC Horizon. The misery of uniting and beating..."

Ye Jianbin's relaxed tone does not mean that Kumho's situation is relaxed at this time.

The production capacity of Asian wafer companies has expanded greatly. As soon as the news was announced. The price of wafer manufacturing equipment in Europe and the United States has risen sharply, and the main investment of wafer fabs is these expensive manufacturing equipment. Microchip was forced to abandon the original plant construction plan. Specific revision of the factory plan. It is also necessary to sit down and discuss with other shareholders such as Deyi Yunyuan and Singapore Innovation.

Just like Microsoft will not mind paying hundreds of millions of dollars to buy equity in Global Music Online for the overall benefit of the industry. Texas Instruments will also not mind undertaking an additional US$1.2 billion in funding for the construction of the new plant; the Guo family has a close relationship with Kumho. But Guo's Yunyuan Group is still an enterprise after all. There is real capital strength. Taking an additional one or two billion US dollars of investment will seriously affect its investment plans in other fields... "Come and beat us to break through. It's really interesting." Zhang Ke shook his head and smiled bitterly. Said. "I'll invite Mr. Guo. Do you deal with Zhao Youlun first?"

Zhang Ke and Ye Jianbin walked to the corridor. Guo Song was also walking out of the room with his wife. His blood pressure was a little high when he got off the plane. After being exhausted from running around in the past two days, I went to Qinyuan and went back to my room to rest for a while. Refresh your energy at this time. See Zhang Ke. Said: "Singapore has the intention of retreating..."

Zhang Ke nodded. Explained: "The prospect of the chip field is unknown. The chip production capacity in the Asian market will increase dramatically. When the investment budget is likely to rise sharply. A conservative investment stance is appropriate..."

"Although understandable. It is also quite tricky." Guo Song sighed slightly. For this. Sun Shangyi stayed in Singapore to negotiate with relevant parties. Singapore backed down. according to

The budget for the construction of the factory will directly create an investment gap of nearly US$400 million. Suppose-after the rise. The investment gap is likely to widen to 600 million U.S. dollars. It's not generally tricky.

"I wonder if there is such a possibility... Microchip has been in operation for a year. It has actually proved that Kumho's internal orders can guarantee profitable operations. Can the shares held by Singapore be transferred to Chartered Semiconductor directly?" "The franchise has been losing money for six quarters. There is no backing from the Singapore Monetary Authority. The franchise has neither the ability to take over the equity of Microchip Microchip held by the Monetary Authority of Singapore. It is also unable to undertake the task of capital contribution to the new plant..."

Chartered Semiconductor of Singapore is the world's fourth largest chip foundry. It's just that Singapore's small human resources are limited, and the scale of the electronics industry is far smaller than that of Japan, South Korea and Taiwan. Its competitiveness in the foundry market is far lower than that of TSMC. After the establishment of a number of licensed crystal factories. Even if there is a profit, it is a meager profit. Most of the time is a loss. After the second half of 1997. It was even more directly impacted by the Asian financial turmoil. The currency exchange rates of Japan and South Korea fell sharply. On the one hand, the Japanese and South Korean economies suffered losses. On the other hand, it stimulated the development of export processing industries in Japan and South Korea. In the chip foundry market. Chartered Semiconductor is at a disadvantage. Even if the current wave of new technologies is surging. It was far from restoring the franchise.

The cooperation between Kumho and Singapore on SMIC. In fact, it is cooperating with Chartered Semiconductor. The 035-meter technology mainly comes from Chartered Semiconductor. It's just that the franchise's financial situation is worrying. Only when the Singapore Monetary Authority came forward to directly hold shares in Microchip Microchip.

The charter’s financial status is more worrying than it was two years ago. In theory. Moreover, there is no possibility of directly holding shares in Microchip. Guo Songyan looked at Zhang Ke suspiciously. I don't know why he suggested that Chartered Semiconductor should directly hold the shares.

"Now everyone is beating the microchip microchip." Zhang Ke asked Guo Songyan to go ahead. Talk while walking. "But I think Chartered Semiconductor has not had a good life in the past two years. Asian chip production capacity will increase sharply next year. The market prospects are not clear. Chartered Semiconductor will have a harder life next year. Especially for the 025-meter process chip generation. In the industrial market. The competitiveness of franchise will be even worse. Even if it is judged that franchise will completely lose competitiveness in this market in the next year and the next, it is not an exaggeration..."

"Ah..." Guo Yan grasped the main points in Zhang Ke's thinking. Raised his fingers to his eyes and waved. "The franchise must avoid continuous huge losses. It is a wise choice to close the poorly competitive production line... Although the franchise is not able to directly fund hundreds of millions of dollars. Do you want the franchise to ship the closed production line equipment to China as a countermeasure Microchip's investment?"

"Yeah." Zhang nodded. Set a loose guess. "On the one hand, the price of new equipment has skyrocketed. The increase is heartbreaking. I don't want to suffer a big loss on this; on the other hand. The franchise transfers the poorly competitive and long-term loss of production line to Sinochip Micropower into a profitable investment— —I can’t imagine a more win-win solution than this..."

"Yeah." Yan nodded heavily. "This plan is great. I hope to convince the Singaporean authorities... how did you tell me earlier. I don't have to worry about the increase in blood pressure by plane."

"I also had this idea after seeing Xing's plan. When I had this idea. Mr. Guo, you are on the plane*." Zhang Ke said with a smile. "Samsung Hongxin's joint venture plan. Has Mr. Guo seen it? This plan is actually Samsung Electronics transferring its poorly competitive wafer production lines to China... I think there is a precedent for Samsung Electronics. Singapore will make it easier. Accept it."

"Samsung Hongxin's joint venture partner. I haven't seen..." Guo Songyan said.

Let Fu Kong Room bring the joint venture plan of Samsung Hongxin to Guo Songyan. Continued: "In addition. As far as I know. Singapore has not given up its support for the franchise. But if the franchise is to be supported, it must bite the bullet with a 013-micron-level production line. It will not give TSMC to the Japanese fab. Completely suppress...In this case, franchising needs to transfer the poorly competitive production line to relieve the pressure on the operation. If the Singaporean authorities are willing. The 018-meter production line. We can also sit down and talk..."

018 meters is a bit difficult. Franchise is still profitable..." Guo Songyan said. He thought for a while.

Singapore is one of a kind. Competition in the low-end market. All are severely restricted by the small human resource cost in the local market. Only in the high-end market. Singapore's electronics companies can rely on capital to gain technological advantages. Maintain a certain degree of competitiveness.

Actually. In the future, Franchise actually chooses to embark on a path to abandon the low-end market and maintain its competitiveness with advanced process technology~www.wuxiaspot.com~ Even so. Xu's exhibition road was also extremely difficult and bumpy. "If it's hard to talk, let's talk about it. We are mainly fancy special 025-meter noodle equipment." Zhang Ke also knows that now it is difficult to license the 018-micron production line to Microchip. Said: "In addition. Tell Mr. Guo you good news. Jin 512m flash memory chip prototype has been developed. It adopts 013m thread design. Maybe it can increase some bargaining chips?"

"Ah. Yuan has done this step?" Guo Songyan asked joyfully. "It's not easy. I think there is a lot of hope. I rested in Jinshan for two days. Only two days later did the plane go to Singapore. Mr. Sun is in Singapore. You can directly communicate with the senior management of the Singapore Monetary Authority and Temasek... "

Large-capacity flash memory chip. Kumho can design but not produce. You need to hand over the order to the foundry. The market for flash memory chips is getting bigger and bigger. Strive for the foundry business of flash memory chips. It will be a battle for foundries. And in the flash memory chip market. Kumho compares Toshiba Samsung. Not at a disadvantage. Kumho's order is absolutely tempting.

Walk through the tortuous corridors in the Qinyuan guest room area. Go to the banquet area in the front hall. Zhao Youlun, Secretary of the Jinshan Municipal Party Committee, and the accompanying officials were already waiting there. Microchip is facing siege from many Asian wafer manufacturers at this time. This situation. Zhao Youlun was also very clear in his heart. However, he is still very interested in Texas Instruments and Kumho behind Microchip. Microchip will build two new factories at the same time. Jinshan is fighting for one this time.