Technological power starts with upgrading lenses

As two high-tech private companies, both Dahan Silicon and Silicon Information Technology can completely reject the merger and acquisition plan proposed by Director Lu.

But in the face of big issues of right and wrong, and in the face of this foreign bandit-like technology harvest, it is very necessary and acceptable for both parties to make certain sacrifices in exchange for the entire semiconductor industry to get through the crisis as soon as possible.

Moreover, this sacrifice of interests is actually not necessarily very big under the generous hand of Chief Lu. In the long run, it will not only be beneficial to the entire semiconductor industry, but also beneficial to Dahan Silicon Industry and Shencheng Silicon Industry.

And if this silicon wafer crisis cannot be resolved, then China's wafer fabs will have to buy imported silicon wafers at a sky-high price of 5,300 per piece.

Based on the monthly gap of 1.9 million pieces, it would cost almost 10 billion, which is a full 8.7 billion more than before the price increase!

And this is every month. If this crisis lasts for two years, the loss will be more than 200 billion.

One-tenth of Hengda was evaporated!

And all this is based on the premise that the other party does not continue to increase prices.

It is conceivable how much harm this will cause to the domestic wafer manufacturing industry.

As silicon wafer suppliers of upstream raw materials, if the midstream industry is almost dead, how can they fare better?

After the general direction is determined, all that remains is valuation.

Kang Chi and Dong Jianyuan also knew that the situation was urgent.

The earlier the integration is completed, the more helpful it will be in overcoming this silicon chip crisis.

So both of them stayed in Yanjing and remotely entrusted a third-party agency to evaluate the assets of the two companies.

Based on the previous equipment imported from abroad, investing in a 12-inch semiconductor-grade silicon wafer production line with a monthly production capacity of 100,000 pieces would cost approximately 2.5 billion yuan.

Silicon Information Technology currently has 2 purely imported and 2 patchwork 12-inch production lines, as well as multiple 6-8-inch silicon wafer production lines.

Among the small-size production lines, there are two production lines for third-generation semiconductor materials and silicon carbide wafers, which are relatively high value.

Therefore, Silicon Information’s valuation in the silicon wafer production line is around 15 billion.

Both sides have little objection to this.

But it is different from ordinary manufacturers that simply manufacture silicon wafers.

Silicon Information Technology is also a research and development company for silicon wafer manufacturing equipment. Over the years, they have invested more than 40 billion in research and development funds.

In this area, the two sides had relatively large differences.

First of all, the actual results obtained from these R\u0026D investments are definitely far lower than this amount.

Even if some of the results are actually pretty good, Kang Chi doesn’t want to spend too much money to buy things he already has.

After all, he has plenty of technology for manufacturing monocrystalline silicon wafers.

However, Kangchi still values ​​Sixin’s R\u0026D equipment and talents.

With these, Dahan Silicon's second and even third phase plans can be launched quickly.

Kang Chi and Dong Jianyuan even held three consultations in one day.

Finally, on the second day, Kang Chi entrusted Chen Hai to rush the drawing safe in his office to Yanjing, and then threw a pile of design drawings that Dong Jianyuan could not understand on the table, and finally let him Dong Jianyuan was forced to admit that their technology was worthless...

Of course, Kangchi didn't do things too well and really reduced them to nothing. Those talent and equipment factories are also there.

In the end, Kangchi agreed to acquire Silicon Information Technology at a price of 150+120, totaling 27 billion yuan.

For the Shanghai Silicon Industry, selling Silicon Information at this price must be painful, but in this case, this kind of pain is completely acceptable.

As for Dahan Silicon, it’s quite simple.

They don’t have many fixed assets, mainly the technology of floating-belt single crystal furnace, which is valued at 8 billion.

This valuation is actually a bit low, but considering that it is a technology that is temporarily restricted for export, it can be reluctantly accepted.

As for the unproven technologies in the second phase, they cannot be included in the evaluation scope, so the final valuation of Dahan Silicon is 8.5 billion.

In this way, the total value of the integrated Dahan Silicon Industry is 35.5 billion. If Shencheng Silicon Industry chooses to hold a maximum 10% stake in Dahan Silicon Industry, it will need to deduct a discount of 35.5% based on the valuation of Silicon Information Technology of 27 billion. 100 million.

So in the end, Dahan Silicon will complete the acquisition of Silicon Information Technology at a price of 23.45 billion yuan.

As soon as the news came out, it immediately aroused the attention and discussion of the entire semiconductor industry.

In fact, everyone has been craning their necks and waiting to see what kind of action the higher-ups will take in response to this silicon chip crisis.

And this action that is waiting for is not a big deal!

"Actually, I guessed that it was industry consolidation, but I didn't expect that it would be Dahan Silicon Industry, which directly wiped out Silicon Information Technology..."

“The question is, where did Dahan Silicon get so much money to swallow up Silicon Credit?”

"It must have been given by the higher-ups, otherwise how could Dahan Silicon have come up with more than 20 billion out of thin air..."

"This is a great move. It's much better than directly distributing support funds!"

"Awesome, Dahan Silicon Industry, the son of the Ministry of Science and Technology!"

"If you can build another floating-band monocrystalline furnace, let alone your biological son, there will still be a place for your illegitimate son."

"..."

This integration storm quickly attracted public attention.

They were originally a little pessimistic because of the silicon wafer crisis, but after seeing this news, they regained some confidence.

It can be said that the attention of the whole country is focused on Dahan Silicon Industry at this moment.

Whether this silicon wafer crisis can be overcome depends on whether the integrated Dahan Silicon Industry can fulfill its mission and complete all-round breakthroughs in silicon wafer manufacturing technology!

——

At the same time, Shin-Etsu Chemical, which has been paying attention to the dynamics of China's silicon wafer industry, also learned the news immediately.

“Dahan Silicon has swallowed up Silicon Information Technology?!”

When Nohara Takehiro first heard the news, he couldn't help showing a surprised expression.

After all, such mergers and acquisitions are still very rare in the capital market.

"The Chinese government is quite generous this time," Fukuhara Koji asked worriedly, "Will this have an impact on our plan?"

"Influence?"

After being briefly surprised, Nohara Takehiro quickly regained his composure and sneered,

"The bigger they move, the more panicked they are. The technology of polishing and grinding equipment is so easy to break through. We just wait for them to come and beg us to sell silicon wafers."

Fukuhara Koji nodded: "I can't wait to see their expressions after the inventory is used up, haha."

Nohara Takehiro also smiled, but soon, a trace of sadness appeared on his face.

"It's a pity that such a beautiful situation may not last long. Those people from Country M are actually right about one thing..."

"Sooner or later, China will have a breakthrough in silicon wafer technology. It's just a matter of time. We can only pray now that their progress can be slower. From technological breakthrough to production capacity catching up, it is best to take three to five years. …”

After listening to Nohara Takehiro's words, Fukuhara Koji's smile gradually faded.

"Otherwise, let the higher-ups think of a way to deal with Kang Chi and Yan Hui..."

"Stupid, what can you think of that China can't think of? They may have a company around them now. If we go now, one of them will definitely die... They may even want us to die."

"..."

Fukuhara Koji smiled coquettishly.

“Is there any progress in the research and development of floating-belt single crystal furnace?”

"Uh... still working on it."

"Then what are you still talking nonsense here?"

"..."

It’s the third update today~