Reinventing the Millennium

"Mr. Fang, do you have any experience with this trip?"

On the way back from SMIC, Su Wei asked Fang Zhuo.

Fang Zhuo felt a little regretful: "The dispersion of equity is a hidden danger, but it is difficult to do better than Zhang Rujing in his position."

"He founded Shida Semiconductor in Baodao and served as general manager, but he was not the major shareholder. Later, it was revealed that the major shareholder sold it to TSMC for US$5 billion without his consent."

"Now that he has returned to the mainland to establish SMIC, he still has to raise funds, but he still does not have much equity. Once he encounters external factors, history is likely to repeat itself."

"Equity, equity, don't be careful."

Fang Zhuo shook his head slightly.

But there is nothing that can be done. Even though Zhang Rujing has achieved financial freedom long ago, his personal wealth cannot support too many shares, and different investment institutions must be introduced.

Zhang Rujing has done the best he can.

At this time, Fang Zhuo suddenly saw Liang Mu, the co-pilot, writing something with a pen, and hurriedly said: "Hey, Teacher Liang, forget about this. Just write what you want to write today." Fang and Zhang had a great time chatting and thinking together. A bright future for domestic semiconductors'."

Liang Mu is a self-persistent person, but he also knows how to be flexible. He said: "Okay, okay, then, Mr. Fang, will you invest in SMIC?"

"SMIC's market is already too big. There are more than ten shareholders, and the largest shareholding is only more than ten percent." Fang Zhuo shook his head, "It is difficult to control it through capital means."

Liang Mu:?

It asks you whether to vote, not whether you control it or not!

Fang Zhuo continued to talk freely: "This is not like Sina. Many of its shareholders are foreign capital. It is difficult to bring them into the same trench. Zhang Rujing can suppress it as the founder, but it is difficult to suppress it with capital alone."

"Then don't vote." Su Wei concluded.

Fang Zhuo confirmed: "I won't vote, at least not now."

Su Wei asked another key question: "Zhang Rujing is a world-renowned figure in the semiconductor industry. There are so many people following him. SMIC still costs so much money. Are you still interested in this semiconductor?"

Fang Zhuo sighed: "Zhang Rujing told me, if you don't do it, I won't do it, and he doesn't do it, then who will do it?"

Su Wei frowned slightly: "He has already done it."

"I'm just worried about him doing it." Fang Zhuo replied.

Su Weili was amused. A person who doesn't understand semiconductors doesn't trust the semiconductor boss. Is that what it's like?

"Teacher Xiao Su, please ask a headhunter to help me check the resume of SMIC Vice President Qiu Ciyun." Fang Zhuo asked one thing.

Su Wei was surprised: "Why?"

"He encouraged me a little bit. It was not a spiritual encouragement, but a practical encouragement." Fang Zhuo squinted his eyes. This was a bit out of line for a vice president. After all, his boss wanted him to Can invest.

The contact under this kind of situation may be because I am overthinking it, but if I think about it carefully, it may also be an implicit statement or test.

Even if Qiu Ciyun had an idea in his mind, he would definitely not be able to say it clearly. He just had the idea of ​​​​entering semiconductors, while he was still working as a senior executive at SMIC.

But this does not prevent the two sides from trying to make some contact.

Don't be afraid of 10,000, just be afraid of what might happen. What if you hook up?

The question Zhang Rujing asked himself in the office was right. If you want to engage in semiconductors and wafer fabs, you need someone.

What to do if there is no one?

Then...it depends on the mountains and the mountains, and on the water. My home and SMIC are so close, it would be a pity not to contact and chat.

Su Wei hesitated and said: "We just visited Zhang Rujing here. Isn't this a bit... a bit disrespectful?"

"Respect is respect, poaching is poaching, these are two different things." Fang Zhuo said naturally, "If you insist on mixing together, then we will poach people with respect."

Su Wei didn't know whether to laugh or cry, and said: "You'd better block Zhang Rujing's phone number as soon as possible, otherwise you will inevitably get scolded."

Fang Zhuo had to teach some life principles and said seriously: "If this vice president really has different plans for the future than Zhang Rujing, then he will not be able to exert 100% of his energy while staying at SMIC."

"From that perspective, putting the right person in the right position is beneficial to both parties."

Su Wei immediately said to Liang Mu in front of her: "Did Teacher Liang hear what Mr. Fang said? He only said eight words just now. A boss needs to be thick-skinned."

Liang Mu replied enthusiastically: "Remember, well, a successful leader must be informal."

Fang Zhuo ignored Su Wei's joke and only glanced at Vice President Su, conveying his will silently.

Su Wei returned the look. Although she didn't agree, she would carry out the matter.

Fang Zhuo did not continue to talk about SMIC on the way back.

Regarding the consideration of semiconductor talents, he had a preliminary draft.

Qiu Ciyun is a current senior executive of SMIC and needs to be contacted. Just by the fact that he accompanied Zhang Rujing to receive him, he is very recognized.

In addition, he also knew a semiconductor technology tycoon named Liang Mengsong.

I was interested in learning more about this man when I first heard about him as a "traitor general". He first left TSMC and joined competitor Samsung, and then joined SMIC as CEO, playing a key role in SMIC's semiconductor development. Sexual impetus.

Therefore, in order to develop, we must not only poach SMIC’s current people, but also poach SMIC’s future people.

However, if you want to persuade and contact such executives and boss-level talents, you obviously can't just talk verbally. At the very least, you must have a framework to truly attract them.

This trip to SMIC is really rewarding.

Zhang Rujing is right to emphasize the importance of talents, and he knows exactly who the talents among the talents are. More importantly, he also knows that the talents are not rigidly following TSMC.

There were a lot of thoughts in Fang Zhuo's mind due to his exchange with Zhang Rujing, and they needed to be sorted out. However, the importance of one thing was already in front of him.

In order to raise funds, Zhang Rujing had to put SMIC into a situation of very dispersed equity.

One of Fang Zhuo's advantages is that he has a certain amount of funds, which allows him to be completely bound to the company from the perspective of equity legal principles. However, given that the wafer fab is too expensive, it is impossible to do it by himself. He must also Introduce funds from other parties.

You need to think carefully about this.

In the evening, Fang Zhuo returned home and carefully calculated the funds he could use. The funds he currently held that would not affect the normal operations of his companies were mainly divided into two parts.

One is the stocks of NetEase and Sohu. When making profit settlement with the Li family, MIGA Fund sold a part of the stocks and successfully reduced the holdings below the holding line. However, because Fang Zhuo was optimistic about these two companies, he PL Fund continued to buy some stocks in its name.

The two funds hold a total of 9% of NetEase and 6% of Sohu's shares. The cash they can get from selling now is almost US$180 million.

On the other hand, the oil futures operated due to the U.S.-Iran War have experienced a lot of success. The fund's operations are relatively conservative and do not dare to use too much leverage. Although the price of crude oil futures has increased by 60% within the range, the fund has The money obtained after adding leverage is only about 30 million US dollars.

This money is now safely invested in U.S. oil stocks, and there is still a floating profit.

The combined cash of the two is more than US$210 million.

If we really want to build a wafer fab, we will initially set a small target of US$1 billion, but US$210 million is still far away.

Fang Zhuo could forcibly hand over the projects of the two funds and still collect a lot of money, but that would be killing the goose to obtain the eggs, so it would be better to continue to speculate in real estate subprime debt in the United States.

Now, MIGA Fund and PL Fund have become well-known among wealthy Chinese Americans, and are also well-known in New York. The profits successfully obtained by the Li family after investing in New York's Chinatown are like a benchmark, attracting the attention and attempts of many people.

At present, the threshold of the MIGA fund is relatively high, requiring introductions from existing customers and financial requirements, while the PL fund is basically aimed at the middle class and helps some groups with no financial management concepts to establish a new era of financial management.

Because the latter was introduced by the Anliang Chamber of Commerce, it is now popular not only in New York, but also in Chinatowns in other big cities in the United States.

Fang Zhuo made careful calculations, and as the head of Sina, he measured his competitors and felt that the stock in his hand still had growth potential. Sohu might be close, and NetEase's "Westward Journey 2" did not fully demonstrate its energy.

In other words, if the money in this area is delayed, it will be a (\u003e210 million US dollars) fund.

Speaking of other valuable assets, Fang Zhuo still holds shares in Sina. This is the most intuitive part that can be liquidated. As long as he sells it, the money will be enough.

But Sina is a long-term deal. With it as the cornerstone, Fang Zhuo is confident that he can push the market value to several higher levels.

Then there is Yike. Once Yike can be successfully listed, Fang Zhuo's large number of shares will have the value of capital operation. After the sales restriction period, they can be directly converted into cash.

Finally, Yongke Real Estate, which used bank loans to start the Dongwukuai project, is also a potential stock that has the potential to spend large sums of money.

Fang Zhuo originally didn't want to get involved in real estate, he just wanted to help Lao Qiu and Brother Zheng, but now he thinks about it, he is making money for everyone, so he might as well make it for himself. At least it can be regarded as supporting the domestic high-tech industry.

needs time.

Talent is needed.

Need support.

Need money.

Fang Zhuo thought that becoming the richest man in Shanghai would no longer have to worry about money, but he didn't expect that he still had to think about it today.

After a night of careful planning and a few more phone calls from venture capital investors to keep in touch with each other, Fang Zhuo reinvested his energy in Yike's work the next day.

However, in the afternoon, an enthusiastic call came in from the head of Lanhua District.

"Mr. Fang, Mr. Fang." Qiu Di even started the call with a gentler tone than usual. He smiled, "I heard that you are interested in SMIC? Good thing, great good thing. Why didn't you tell me about this good thing?"

Fang Zhuo was slightly surprised and then replied: "District Chief Qiu, who did you listen to? This matter of missing a shadow."

"The district went to Zhangjiang for inspection this morning and happened to listen to Mr. Zhang chat. Mr. Fang, I can only say that you are worthy of being the richest man in Shanghai. You can tell at a glance that SMIC is a good business." Qiu Di remained enthusiastic, " Let me tell you, SMIC will be listed next year, and it is now doing the last round of fundraising before going public. If you come in at this time, you will make a lot of money next year. Did Mr. Zhang tell you yesterday that he is confident that SMIC will be listed on the market next year? Will the chip be profitable next year?”

"I said it." Fang Zhuo thought he should interrupt Lao Qiu, "District Chief Qiu, you may not have heard what I just said clearly. There is nothing wrong with this matter. I just went to take a look. The investment is still far away."

Qiu Di immediately persuaded: "It's not too far away to see if the project is good or not. We have great support for SMIC, and many leaders are concerned about its development."

He stressed: "It's a lot of leaders. Mr. Fang, I can't see why you should give up this kind of investment opportunity."

Fang Zhuo said "Yeah" twice, intending to pass it by.

However, Judi immediately noticed this perfunctory attitude and asked directly: "Mr. Fang, do you want to vote or not? If there is any problem, I can help coordinate and solve it."

Fang Zhuo had no choice but to tell the truth: "The biggest problem is that I may become a competitor of SMIC, and I may find someone to run the fab myself."

Judy: "..."

He never expected this answer, and he was stunned for a while before asking: "Are you serious?"

"It's not too serious. It depends on the situation." Fang Zhuo evaluated it in his mind for two seconds. "If I can get the first payment to build a factory, then I will do it."

"Production lines are very expensive..." Qiu Di couldn't hide his shock. "Are you just going to build a factory? I think SMIC would like to build a new production line every month to expand its scale."

"Well, the semiconductor industry has a counter-cyclical operation." Fang Zhuoxian commented, and then said, "The factories in the future will wait for me to make money in the future. I should make money pretty quickly."

Judy was silent for a while digesting.

After a while, he added another if and asked: "What if you can't get the first money?"

"Then wait until the time comes and I'll do it when I have money." Fang Zhuo replied seriously.

"You've never thought about investing in SMIC? Not at all?" Judy said.

"There should be no such idea for a while, but who can say for sure in the future." Fang Zhuo has investment money, but now he must observe SMIC's next situation.

If you can use capital to help, you can naturally join the game.

If you are unable to do anything or can't save the situation, there is nothing you can do.

"Mr. Fang, you, you..." Qiu Di made the call today with the intention of benefiting SMIC, the government, and Fang Zhuo. He really didn't expect to hear Fang Zhuo's statement like this, "Mr. Fang, Are you underestimating the semiconductor industry? Money alone is not enough, and money is not just a small amount of money. You must have the people, machines, and policies. Your rash entry is really not a good choice!"

Judy stated his reasons, helped analyze the pros and cons, and detailed the SMIC information he learned.

In his opinion, SMIC is indeed a very high-quality project, on the eve of its listing and full profitability. Moreover, SMIC's shareholder institutions have a positive attitude towards this fund-raising.

"Mr. Fang, at this juncture, it's really not appropriate for you to enter this industry by yourself." Qiu Di made his final conclusion with great pains.

Fang Zhuo sighed: "District Chief Qiu, I have my own considerations whether to invest in a project or not. That's it."

Qiu Di was a little depressed. The government wanted to see more of its own people among SMIC's shareholders: "Mr. Fang, you are wasting a good opportunity!"

Fang Zhuo smiled and said: "District Chief Qiu, you are teaching me how to do things, teaching the richest man in Shanghai how to invest in projects. When I have a chance, I will explain my logic to you."

Qiu Di regretfully ended the call. Mr. Fang must have been stimulated by Hanxin...