Reinventing the Millennium

Zhang Rujing quietly rushed to Qingdao, while Fang Zhuo, who was hungover, took a private plane to Xiangjiang at noon.

September 9th is the time when Morningstar Semiconductor will be listed on the Hong Kong Stock Exchange. Logically speaking, he should have arrived long ago, but due to changes in SMIC, he had to stay in Shanghai for a few more days.

From the moment he boarded the plane, Fang Zhuo's face didn't look very good.

He already knew the news of Mr. Zhang's departure, and felt somewhat disappointed.

Along the way, Bingxin has confirmed with SMIC many times and received help many times. Mr. Zhang, a senior, rarely has a sectarian perspective. Both Fang Zhuo and Bingxin have benefited a lot.

Although Mr. Zhang is still an old man, he still feels uncomfortable in his heart.

"This specially found newspaper is of no use. I originally wanted to comfort Mr. Zhang." Fang Zhuo took out yesterday's newspaper from his document bag and shook his head, "Actually, he comforted me."

From meeting to drinking yesterday, the two didn't have much emotional communication.

However, actions speak louder than words.

Secretary Liu Zonghong nodded lightly and did not express his opinion. He had been General Secretary Fang for a long time, and he knew what General Fang needed most at this time.

"Mr. Fang and Mr. Qiu have also left for Xiangjiang. Here are the more important documents." Liu Zonghong put away the newspapers that were not used yesterday and handed over the organized documents.

Before boarding the plane today, Mr. Fang informed that he wanted to interview Qiu Ciyun in Xiangjiang, and the latter had already left.

Fang Zhuo opened the top one of several stacks of documents. It was information from the well-known investor Mr. Xiong Xiaoge’s contact with Qimonda during this period and his discussion.

There is more information and more details, but the discussion is very concise and emotional.

"Luo Jianhua put all the factors that made Qimonda good at borrowing money in front of him, while the factors that were not conducive to borrowing money were vague or even concealed."

"Although Qimonda is big, it is definitely a big pit."

"Fang Zhuo, I just want to know your mental state when you came into contact with Luo Jianhua."

"Who are you trying to trick?"

Fang Zhuo put down the document expressionlessly. Although Lao Xiong complained a little, he and Qimonda had a series of contacts that seemed fruitful to each other, so that was fine.

The second document is from the MIGA Fund and is a three o'clock assessment.

In the early hours when Fang Zhuo fell asleep drunk, the United States announced that it would officially take over Fannie Mae and Freddie Mac, two residential mortgage lending institutions, and was committed to protecting the interests of Fannie Mae and Freddie Mac bond holders, but would not protect the interests of Fannie Mae and Freddie Mac shareholders. Benefit.

The US$1 billion injected in the first step by the U.S. government will have higher priority than the original preferred shares. If huge capital is injected into Fannie and Freddie, the government will obtain a controlling stake at a very low price.

This also means that the equity of the original shareholders will be severely diluted, and it will also lead to a significant reduction in the value of each share of the old shares.

The release of such a non-neutral rescue plan immediately caused the share price of Fannie and Freddie to drop by an astonishing 80% to 90%!

At this point, Fannie Mae's stock price has dropped from $65 in July 2007 to less than $1.5 now, and Freddie Mac's stock price has also fallen from $60 to $1.7 during the same period.

Fang Zhuo still put down the document with an expressionless face. This officially verified the correctness of Geithner's message. He was indeed a good brother who made money together. A considerable amount of funds from the MIGA fund were used to operate Fannie and Freddie, part of which has been safely implemented. The other part was positive and had one last bite.

The third document comes from Yike and is Liu Qiangdong’s latest business report.

The popularity of Yike Mobile Mars has not decreased after the Olympic Games. In order to cope with the upcoming opening of more 3G pilot projects by China Unicom, channel dealers from all over the country are actively contacting Yike and want to distribute the products.

Currently, the company is setting standards and considering how to better build an overall sales system.

In China, online is currently Tesco, and offline is China Unicom, self-operated stores, Tesco Electrical Appliances, and a small number of channels. In the future, we will definitely continue to expand the scope of self-operated stores and channel franchises.

Liu Qiangdong’s report was very passionate.

Fang Zhuo remained expressionless.

He put down the document and sighed lightly: "What's going on? I feel like my heart is getting colder."

Liu Zonghong silently handed over a cup of coffee. How to say this, well, it's hard to say.

"Tell me, should Kong Yu stay..." Fang Zhuo took a sip of coffee.

Liu Zonghong was shocked, boss, is this what he should hear? Your heart is really getting colder!

Fang Zhuo put down his coffee cup and continued: "Should he stay in the United States? I think he wants to return to China. Although I feel that he can better display his talents in the United States, he cannot ignore his personal wishes."

Liu Zonghong breathed a sigh of relief and said carefully: "Onlookers know that Mr. Kong may not be aware of his more talents."

Fang Zhuo nodded: "That makes sense."

Give Kong Yu a break and talk to him later. Mr. Zhang didn't even take a break. Why should Kong Yu give up a great career at such a young age?

Fang Zhuo slowly drank half a cup of coffee, and then opened the last document, which was the latest report from Bingxin.

It has to be said that Liang Mengsong is really a workaholic, as if he wants to make up for all the past two years in work, and the team he brings is also very energetic. Although the number is not large, they are all very backbone.

Ice Core is currently conducting research and development on the 45nm process, which has been fully taken over by Liang Mengsong.

At the same time, Liang Mengsong advocated a demonstration of the direction of FinFET technology and set his sights on the future.

The role of top talents and excellent teams may take time to manifest, but there is a vague feeling that the atmosphere has changed.

The report submitted by Liang Mengsong is exactly the all-round gap between Bingxin and the world's first-class level. To put it more bluntly, the gap between it and Taiwanese reporters. And he is also relatively straightforward in the report, believing that SMIC should take advantage of SMIC's damage. Now we are more proactive in seeking support from larger administrative forces.

To be honest, the domestic semiconductor industry is not a hot spot for investment. Both the industrial chain and the talent pool still need greater, longer-term and more patient support.

Fang Zhuo thought for a long time. He had actually made similar suggestions several times, but he was always non-committal.

Now that Mr. Zhang is forced to resign, SMIC will inevitably have a period of adjustment. Coupled with the signal released by the US takeover of Fannie and Freddie, it is possible that this year, taking advantage of the dual shocks brought about by the industry and the economy, there will be a more Good time to propose.

Anyway, with so much as four trillion, it would be more conducive to long-term development to invest some of it in semiconductors and set up a large fund in advance.

Fang Zhuo felt that he couldn't just come forward on this matter. This time he had to bring SMIC Jiang Shangzhou and BOE Wang Dongsheng together to find the leader. He also needed a comprehensive review from the Wafer Manufacturing Service Alliance.

If it can really be done, the investment mechanism must also be improved, and SMIC, Ice Core, and Service Alliance, which are deeply involved in the industry, can give more targeted suggestions.

Fang Zhuo thought for a while, folded the four documents again, and drank the last half cup of coffee.

"Let's look at the morning star first."

Liu Zonghong felt the coldness.

…

Morningstar Semiconductor's listing process in Hong Kong was quite smooth.

The head of the company, Liang Gongwei, has inevitably felt satisfied since he founded the company in 2002 and is now about to go public.

He believes that listing is just a stage mark, and that in the future, it will expand more businesses and achieve greater development.

And this crucial step is related to its own shareholder Mr. Fang.

The hot sales of Yike mobile phones are eye-catching. It is almost certain that Yike will have explosive development in the future with its established brand and local advantages.

Liang Gongwei believed that Yike Mobile Phone would definitely become the top three in China's mobile phone market, so to show his consistent attention, he personally came to the airport to pick up Mr. Fang.

However, the first time I saw Mr. Fang, I noticed that his expression was a little cold.

Liang Gongwei can probably understand the reason for this coldness, and he also knows about the changes in SMIC.

"How is Morningstar's MS088?"

Fang Zhuo sat in the car and after a brief exchange of greetings, he asked about the entry-level mobile phone chip developed by Morningstar.

"Still optimizing." Liang Gongwei replied thoughtfully.

He was thinking about how to say this. Morningstar's technical strength did lag behind its competitors, but according to observations of the mobile phone market, there should still be enough time left for the launch of Yike's entry-level mobile phones.

Fang Zhuo said calmly: "It's too slow. Next month we will first adapt to the chips developed by MediaTek."

Liang Gongwei was shocked: "Mr. Fang...this..."

Fang Zhuo said nothing.

Liang Gongwei hesitated for a few seconds and then said: "Mr. Fang, is this too fast?"

Fang Zhuo replied calmly: "It's the normal research and development progress."

"What about Morningstar's chips?" Liang Gongwei had to ask this question.

Fang Zhuo took a deep look at the leader of Morning Star: "It's up to you."

There was a wordless silence in the car.

Liang Gongwei knew something must be wrong.

He believed that there was always a certain tacit understanding with Fang in the past. In any case, Morningstar should have the same or even higher starting point as MediaTek, but now it has encountered a change in attitude, which is very unexpected.

What will be the future of Morningstar if it cannot get orders from Yike?

Liang Gongwei had to think about such a question.

There must be a broad market for mid-to-low-end mobile phones, and there must be room for survival of entry-level chips, but there is also fierce competition.

When the car was about to arrive at the Hilton Hotel, Liang Gongwei tried to talk about the time issue of Yike mobile phone development.

According to previous news, Yike's entry-level models will officially involve chip adaptation in January next year, but now it has suddenly been brought forward.

Fang Zhuo interrupted the boss's slightly faster statement: "Mr. Liang, Yike has given time since last year, and many people in Silicon Valley have provided help. Instead of asking about the time problem of Yike's project, it's better to give more time to Yike's project." Consider the progress of the morning star.”

"Time waits for no one. Morningstar comes up with a good product and Yike chooses it. This is the most basic logic."

"Let's go, we can talk about these things later, these two days are a good day."

After Fang Zhuo said this, he opened the door and got out of the car.

Secretaries and bodyguards surrounded the boss as he walked into the hotel.

Liang Gongwei slowed down half a step and could only watch Mr. Fang's figure disappear behind the revolving door.

These two days were indeed good days, but Mr. Fang's words were like a bucket of cold water being poured on his face, which only made his heart extremely cold.

Liang Gongwei frowned and hurriedly followed up with the hotel. On the one hand, he was thinking about the changes in the company's development prospects. On the other hand, he urgently called Wei Boyun, the marketing director who had a good relationship with Mr. Fang, and let him inquire about the news.

This can’t be just a case of hating the whole family, it’s already listed in Hong Kong, so what else can it do!

However... Wei Boyun didn't even see Mr. Fang that night.

Fang Zhuo waited at the hotel for Qiu Ciyun, who was also going to Hong Kong, and had a face-to-face conversation about the development of ice cores. This time, he almost expressed a tough decision, requiring him to provide a charter for future cooperation with Germany.

Qiu Ciyun was opposed to Mr. Fang's idea when he first heard it, and now he also disagrees with the decision to go overseas.

First, Ice Core has an intensive task, and the Lin'an plant continues to suffer losses. Second, Ice Core has received renewal of technology introduction and equipment procurement this year, and it seems that the development of Ice Core will not be blocked by the United States.

Under such circumstances, is it necessary to pay a huge price for a worry?

Even if you pay the bill, how much of the problem can be alleviated?

"Yesterday, just yesterday, Mr. Zhang and I talked about this." Fang Zhuo had to bring up Mr. Qiu's old boss and said sincerely, "He was very confident in Taiwan Journal's prosecution this time and thought it was absolutely impossible. We lost the lawsuit, but why did we encounter a small probability event?"

"I have good friends in ITC, and today I got the news for sure. If Taiwanese journalists and SMIC fail to reach a settlement, they are likely to go through the lock-down process within this year."

Fang Zhuo shook his head and said: "Of course I know what we need to do most now, but we must also strive for more room to move around. We are uncertain about the future. Of course, it would be best if we don't have it. If there is, there will be more. Room for change.”

Qiu Ciyun was silent for a while and asked, "How is Mr. Zhang's spirit?"

Fang Zhuo breathed out: "Better than me."

Qiu Ciyun: "..."

He looked at his boss and he seemed to be a little depressed indeed.

"Does he also agree with Bing Xin's decision to go abroad?" Qiu Ciyun asked again.

Fang Zhuo replied naturally: "No, he objects."

Qiu Ciyun: "..."

Then what are you talking about!

"But he is not right in everything. Building factories abroad will not put too much financial pressure on Bingxin. Bingxin is about to receive a new wave of capital injections. In Germany, I will also discuss the loan issue with Deutsche Bank. ." Fang Zhuo said solemnly, "Mr. Qiu, I hope you can accept this decision with understanding."

Qiu Ciyun stared at Mr. Fang's expression and asked after a moment: "Is this a decision made by the board of directors?"

Fang Zhuo was silent for a few seconds: "If there is a need to hold a board meeting."

"Don't be too impatient because of Mr. Zhang's matter." Qiu Ciyun said, "I'll think about it again."

He paused and then asked: "New capital injection? Is it the money Yike Company makes from selling mobile phones?"

Fang Zhuo gave the reason: "I made a little money from shorting Lehman."

Qiu Ciyun reminded: "Mr. Fang, you told me once, haven't you spent it all yet?"

Fang Zhuo thought for a while: "Leiman gave me some new ones."

He continued: "It just so happens that Morningstar is listed on the market. At worst, I will sell Morningstar shares to support you. I will not be too short of money in the next period of time."

Qiu Ciyun nodded silently, Mr. Fang was perfunctory at least, that's all.

I saw more alliance leaders, thank you "I am Tianque" for the reward.

Calculating the update arrears... There are 4 monthly updates for chapters, as well as the long-delayed update from the alliance leader "Mixun Qingfeng", a total of 6 chapters and 2.4k words.

If the hospital is not busy in the second half of the month, I will pay it back.