Reinventing the Millennium

Forty to fifty billion.

Try your best.

Fang Zhuo, who returned late at night, brought the latest news to Jiang Shangzhou, Qiu Ciyun and others who were still waiting.

What kind of number is this?

According to everyone's estimates, it can bring in at least 200 billion social funds, which will surely benefit all links in the industrial chain.

The semiconductor field has not always been a hot spot for investment, but supporting policies + government funds are expected to change this situation.

These days, the suggestion put forward by the delegation to Beijing is to form a mechanism. Once it has good results this time, it is likely to receive larger funds in the future, which will also drive a larger wave of social funds.

"Okay, okay, the leader still has vision, why are he willing to let go so much?" Jiang Shangzhou's first reaction was to be excited.

In fact, the goal of asking leaders for money this time has not been too certain. The general range is within 30 billion, which means to drive at least 100 billion in industrial investment.

Because, in addition to infrastructure, real estate and industrial revitalization, the policies introduced last month also include research on major scientific and technological projects, and one obvious support that companies receive is a fiscal discount of 20 billion yuan a year.

The grievances, suggestions, statements, and lobbying of the Beijing delegation were all relatively extra.

Fang Zhuo knew this and heard a similar situation from his leader, who said - "Do you think you are the only ones here to ask for money?"

The semiconductor industry is in recession, and so are other industries.

Therefore, the amount of funds that can be squeezed out is calculated with caution.

Jiang Shangzhou didn't even go up and asked the leader how much money he could pay. He was afraid that if he asked like this, it would be difficult to mediate once the numbers were revealed.

"It's not that the leader relented, it was me who relented." Fang Zhuo sighed, "I wanted 500 billion, but he wiped out a zero."

Jiang, Qiu, Liu and others: "..."

Fang Zhuo added: "I'm just trying my best. I don't know if I can win, or if I win, I may have to give a discount. There will be a meeting tomorrow afternoon, and we may have to discuss this number again. Anyway, since he said it, we Just bite 500 to death, let alone 400."

Four or five hundred, four or five hundred, of course, five, not four.

"Okay! It has to be Mr. Fang!" Jiang Shangzhou patted Mr. Fang on the shoulder hard, "Mr. Fang is still brave!"

Fang Zhuo did not take credit: "It's not that the leaders are considerate of the difficulties in our industry, or that you have done a good job in the preliminary work. I just thought, anyway, I am a layman and I am young, so it doesn't matter if I say the wrong thing."

Besides, this was what the leader asked me to learn from Dr. Jiang, and he had already said so.

"Since you have come to the capital, you may have to show up and communicate with several departments later." Jiang Shangzhou said thoughtfully, "Tomorrow morning, you come with me, and we will meet some of my father's old subordinates, although they are not related to our semiconductor industry. But I can’t tell when it will be easy to talk.”

Fang Zhuo nodded and expressed his gratitude without any humility.

He was just talking about setting things up for tomorrow morning when the cell phone in his pocket rang again, but he temporarily asked to participate in the discussion that the second leader tonight will host tomorrow morning.

Jiang Shangzhou did not feel strange, but said: "Since the leader of Bingxin has arrived, you have to speak and express your stance."

Fang Zhuo was mentally prepared for this and nodded: "Okay, everyone should go to bed early. It seems that we will be busy in the next few days."

Many of the people in the Beijing delegation are older and in average physical condition.

In the early hours of the morning, everyone stopped being polite and went back to their rooms with the newly learned financial news.

Fang Zhuo did not go to bed immediately. He looked at the industry data of the Service Alliance again and again, trying to make sure that what he said tomorrow would be meaningful.

That night, after just over four hours of sleep, Fang Zhuo didn't feel too tired when he woke up. He drank a cup of coffee, brought a cup of tea, and followed Dr. Jiang to visit his old friend at home.

There is no need to go into details about Dr. Jiang’s family situation. Not only his father, but also his wife also worked in the education field.

Fang Zhuo followed Dr. Jiang and quickly visited three old friends.

As expected, none of them are related to the semiconductor industry, and the introductions are personal friends.

"I know you don't like coming to the capital, but sometimes it's good to meet people." Jiang Shangzhou is old and ill, and he brings people to visit him so early in the morning. Needless to say, it's a favor.

"It's not that I like it or not." Fang Zhuo said honestly, "I don't want or expect to be friends or have a close relationship with the leader. Even if I really want to do this, I don't know the enthusiasm of a rich man. How will it be interpreted?"

He continued: "I see them as a symbol of administration, and they'd better see me as a symbol of being able to do things. That's good."

Jiang Shangzhou smiled in surprise: "I really haven't thought about the rich man's perspective, so I broke your...your principles this morning."

"It's not a hard line, it's just about right." Fang Zhuo said with a smile, "I told my boss yesterday that I would retire when I work until I'm 40. It would be nice to have more friends in retirement."

Jiang Shangzhou said leisurely: "It's not possible for people like you. No matter it's you or the outside world, it's impossible. You are like Zhang Rujing of SMIC or Zhang Zhongtou of Taiwan Journal. Without you, Bingxin's top and bottom would not be able to do it." Next, can this faction and that faction unite together? Not to mention that you have to go abroad to build a factory. The situation is even more complicated. If you dare to retire, Bingxin will have to make you come back in a hurry in two years."

"Just like the top and bottom in SMIC, this school and that school?" Fang Zhuo asked back.

Jiang Shangzhou couldn't help but glare at Mr. Fang: "You are really disappointing."

Zhang Rujing left SMIC, forcing him to serve as chairman due to his health condition. He also looked for a CEO from outside and attracted new capital injections. In this way, the factional disputes were barely suppressed. This is really not a good thing.

Fang Zhuo also felt that he was a little gaffe and quickly changed the topic: "Yesterday, the leader asked me when the ice core would catch up with Taiwan Journal. I couldn't sleep at one o'clock and called Dr. Liang again. Next year, the number of ice cores must be greatly increased. Research and development is invested.”

Jiang Shangzhou frowned: "It's building a factory and doing research and development. Where does your money come from?"

"Yike's stock is rising, and Yongke Real Estate is listed today. No matter what happens next year, you will be rich." Fang Zhuo briefly talked about money and said solemnly, "Taiwan Journal is laying off people, and there is some internal instability. Although Due to the financial crisis, global consumer electronics will definitely rise in the next few years, and this is the best opportunity to catch up."

The gap of a generation and a half, the huge growth of consumer electronics, and the long-standing technical research of Liang Mengsong and Hu Zhengming’s team, this is a good time for Bingxin to catch up.

Jiang Shangzhou nodded and thought: "Taiji's R\u0026D investment will not be relaxed."

He thought carefully about the data of his rival in the south: "Last year, its R\u0026D investment exceeded US$500 million, and this year it may be close to US$600 million. The absolute figures are really huge."

Generally speaking, the proportion of research and development expenditure of wafer foundries accounts for 5%-10% of annual revenue. Taiwan's ratio is not among the top five in the world, but its revenue is very high, and the absolute number of investments exceeds that of its peers.

Fang Zhuo said "Hmm". The US$600 million from Taiji is indeed a lot, but compared to the billions of US dollars in R\u0026D investment it will invest in the next year, it is very small. It is most cost-effective to keep up at this time.

He has decided that there will be no limit on investment in ice core research and development in the next few years.

Of course, he does not set a limit, but how much it can bear internally is also a question. Not counting equipment investment, just R\u0026D investment, if he really spends 600 million US dollars, he will probably not be able to spend all the ice cores.

"Sometimes when I think about Taiwanese journalists and Zhang Zhongmo, my scalp really goes numb." Fang Zhuo laughed.

"What's the big deal? If it weren't for the constraints from all aspects...forget it, there's no point in saying this." Jiang Shangzhou shook his head and didn't want to make assumptions. Development must be based on reality. "Besides, he has already done whatever you want him to do." retired."

"Competitors have a lot to learn from," Fang Zhuo said.

"That's true." Jiang Shangzhou agreed.

On the way back, we talked about industry and enterprise development, and got off the car to have breakfast. By the time we returned to the hotel, the group heading to Beijing was already ready to go.

Today will be another busy day.

However, the morning meeting was beyond Fang Zhuo's expectation. The atmosphere of the discussion was quite mild. The leaders took the lead in focusing on areas where the industry had shortcomings but were relatively easy to achieve results.

Since you want to invest, you need to leverage social funds. Although semiconductors generally have a long cycle, you must first choose the interest points that can attract funds.

Only with benefits can there be living water.

This aspect is actually quite obvious.

Fang Zhuo basically repeated what the team had already talked about, pointing out that investment in areas such as etching machines, thin film equipment, testing equipment and cleaning equipment is worth looking forward to.

The meeting lasted from nine o'clock to twelve o'clock, and was followed by a simple lunch.

"Speaking of it, Mr. Fang, we are half fellow villagers." The leader who asked the Secretary General of Luzhou Cooking was not as official as last night and this morning. He took the initiative to chat about our relationship during lunch.

Half a fellow countryman?

Then which one of your relationships is included in Shencheng, Lin'an, or Luzhou?

Fang Zhuo was surprised and said half of the sentence: "Leader, you are..."

"I am a graduate of the Hefei University of Technology." The leader smiled, "Are we considered half fellow villagers?"

Fang Zhuo smiled: "That must count. Bingxin has recruited many engineers from Hegong University."

The leader nodded slightly: "From a personal perspective, I am very pleased that the ice core has landed in Luzhou."

Fang Zhuo naturally talked about the development of ice core in Luzhou, which is obvious to all.

The leader listened very carefully and also made arrangements for an ice core inspection later next year.

Fang Zhuo naturally expressed his great welcome.

He was eating and chatting during this lunch, and his normal attitude made many people who paid attention to this scene nod secretly.

At half past twelve, lunch was over and as soon as the phone was turned on, a call came in from Liu Suyi.

"Mr. Fang, Yongke... broke." Liu Suyi's voice sounded a little uneasy.

Yongke was listed on the Hong Kong stock market today. Liu Suyi's early call failed to invite the big boss. On the surface, he was still chatting and laughing internally and in front of the media, revealing Mr. Fang's great concern for the company.

But it's true... He knew that Bing Xin seemed to be busy with very important matters, and he really couldn't take care of her.

The issue price of Yongke Hong Kong shares was HK$6.76, which fell to HK$6.14 in the morning, which can be said to be an expected break.

Even so, Yongke's market value is still 36.8 billion.

But this number is vastly different from Country Garden, which went public a year earlier.

"Well, it's not your problem. The market situation is like this. It would be good to be listed under the financial crisis." Fang Zhuo comforted him calmly, "The stock price is just a temporary reaction. Yongke Real Estate's fundamentals are very good, and the mainland policies are also good." Very good, it will rise back, but you still have to focus on your business."

Liu Suyi on the other end of the phone swallowed his saliva and felt a slight sweat on his back. Mr. Fang's attitude...

"With quality, quantity and turnover, Yongke Real Estate can be a long-lasting brand. I have confidence in Yongke." Fang Zhuo expressed his position again.

Liu Suyi took a breath, the boss was lying.

"Okay, Mr. Fang, I also have confidence in the development of the company." Liu Suyi was very serious, and it was a rare clear statement, "Yongke Real Estate can definitely be a boost to our brother units."

Fang Zhuo was very pleased that Liu Yiyi had grown up.

Liu Yiyi had known about it for a long time, but he always pretended to have a negative attitude of not knowing or not wanting to know. This time he was very positive.

"I'll go back to Shanghai before Christmas, and we'll meet up then." He took the initiative to mention the time, thinking that he could have a more open and honest chat about future plans.

"Okay, Mr. Fang, I will return to Shencheng the day after tomorrow." Liu Suyi said.

Fang Zhuo thought about things in the capital, and then said uncertainly: "If it can't be done before Christmas, then we can have the annual party before the Spring Festival. Yongke can come over and have a good chat."

Liu Suyi has a stable mentality and it is normal for his boss to change time.

Fang Zhuo said a few more words of comfort and ended the call with Liu Yiyi. This real estate giant is actually very capable. The listing of Yongke Real Estate is probably a landmark node for him.

After a while, the news of Yongke Real Estate's listing disappeared in my mind, that is, this year's annual party may indeed be more lively.

In the afternoon, Fang Zhuo briefly communicated with the team about the morning meeting, and soon attended the second meeting.

Unlike the mild mood in the morning, the atmosphere in the afternoon was both solemn and controversial.

Semiconductors cost money, and other things also cost money. Semiconductors squeeze money away, and other things require less investment.

How to calculate this account?

It’s not easy to calculate, just listen to the leader.

The leaders at this time showed a lot of patience and talked about a lot of front-line data and critical periods of domestic and international development.

However, there were still some people who were aggrieved. Without naming him, they looked at Fang Zhuo angrily and asked, "What should I do if I can't get results?"

Fang Zhuo must do his part.

Jiang Shangzhou next to him stopped him and slapped the table: "What can I do? Who is not working hard? Who can't think of results? Do you want me to express my position? Do you want me to issue a military order?"

"That's not what I meant." This man looked at Jiang Shangzhou. He was the last person who needed to issue a military order.

"Invest when you should. Who should do this? You can't regret it later." The leader said, "SMIC and Bingxin have the same aspirations as those in the industry. They are striving for development. We can’t chill people.”

He looked around the conference room and finally said: "We will take the lead in industrial investment in integrated circuits."