The Industrial Giant Reborn

[The previous chapter has been unblocked]

"Then how much money can Mr. Chen invest?" Zhang Zhongmou asked.

"You know my worth, and you should also know about Midea's current global scale. Funding has never been a problem, as long as your investment plan is reasonable and your business plan has a future." Chen Zhiwen said with a smile, although "Fortune" told him The evaluation of social status is a bit low, but it is still an insurmountable figure for ordinary people.

"I have the investment plan at home. If Mr. Chen needs it, I can go back and pick it up, but I can only deliver it tomorrow. Why don't I explain it briefly? What do you think?" Zhang Zhongmou said.

"Okay, anyway, I don't usually think much about such things as plan books." Chen Zhiwen nodded and said, the plan books in the IT industry are really as thick as a dictionary, with hundreds of pages at every turn, involving investment projects, planning, personnel, and companies Structure, market analysis, customer selection, financial plan, follow-up financing plan, etc., are for professional investors. Chen Zhiwen is not, he only looks at people.

Zhang Zhongmou said: "Mr. Chen, I heard that the electronic products of your subsidiary Midea have also found many electronic factories in Asia for OEM?"

"Yes." Chen Zhiwen nodded.

Zhang Zhongmou went on to say: "This has become the norm in the electronics industry, the textile industry, and the toy industry, but it has not happened in industries with high technological content. However, industrial products with a certain technical content are basically made by a certain company. Yes, the same is true for chips. At present, each company builds its own chip factory, but the problem is that the chip factory is different from the traditional manufacturing industry. Its starting point is very high. No matter what kind of chip, it will cost hundreds of dollars. million dollars to invest in a production line, even if it is not the latest technology, it will cost hundreds of thousands more, and a large number of production quantities will be needed to reduce costs in the later stage, but in reality, most factories do not have orders of these quantities, which has caused Serious waste.

Although the global market has begun to unify standards in the field of pure memory and CPU chips, so many companies can use standard parts, but the requirements of various industries are different, and a large number of different customized parts are always required. Chips, unless the demand comes from the top companies in the industry, otherwise the volume will not be very large, which will either cause them to invest a huge amount of money to build their own production lines and suffer long-term losses, or they will have no chips and find a relationship to entrust other wafers factory.

So my idea is to build a factory specializing in the production of chips for various companies, concentrate on research and how to produce, and how to improve the yield rate. In fact, this yield rate is also one of the fundamental reasons why Japanese counterparts can beat American chips. "

"Aren't you doing your own research and development?" Chen Zhiwen asked.

"My goal is to only engage in production. If I have capital in the future, I may try to develop memory chips, but other chips are not developed. This is the customer's business. A qualified foundry should not produce the same products as customers. "Zhang Zhongmei replied.

"The idea is indeed good." Chen Zhiwen praised.

He naturally knew Zhang Zhongmou's idea for a long time. The TSMC of later generations is actually a pure foundry, while his strongest opponent Samsung is an integrated electronics giant. In the consumer electronics industry, this has led to other mobile phone giants such as Apple’s orders being given to TSMC as much as possible, unless it is Samsung’s unique technology, such as LCD screens.

This is also a normal phenomenon. For example, Foxconn specializes in assembling mobile phones and has become the world's largest assembly and foundry giant. Although it also launched its own mobile phones in 2000, it did not promote it very much, because it did not dare to make it bigger. Orders from all kinds of mobile phone customers immediately ran away.

TSMC relied on the ability of the initial team, the timing when the United States suppressed Japanese chips, and its professional production-only attitude to grow into a chip foundry giant in future generations.

"I have had this idea for a long time, but the investment in it is too large, and the most difficult thing is how to obtain various orders, otherwise, the later loss will be much higher than the cost investment, and the equipment needs to be iterated Yes, once you fail to do well in the first two years, you will never have another chance." Zhang Zhongmou said.

"Don't worry about orders, we invest together, I will naturally arrange for Midea to give you some orders, at least in the first few years, you can easily survive, but the premise is that the chips must not have quality problems, if the price is good, it is better to have a discount, if not , and cannot be lower than the current purchase price of Midea." Chen Zhiwen said.

TSMC, the later generation, was established in 1987 with the efforts of many parties, but there were no orders in the early stage. The Gulf government came forward to find many electronic companies in the Gulf and asked for some orders. Otherwise, TSMC might have been aborted.

The most difficult thing about starting a business is not the cost, but the order.

"We will definitely have an advantage in terms of price and quality. I don't know how we will divide the shares if we cooperate?" Zhang Zhongmou asked. There is no need to worry about it for a year.

"64 points, I 6 you 4, how about it? We will calculate the investment in the future. As long as it makes sense, I can invest any amount." Chen Zhiwen said.

"This ratio is too high. The Wanwan government has already had the idea of ​​building a chip factory, and they definitely need to invest in it. This ratio may not be low." Zhang Zhongmou said.

"I know this, so this ratio is only the ratio between the two of us now. If the Gulf government or other consortiums join in the future, it will be fine." Chen Zhiwen said with a smile. It is wishful thinking to want to keep 60% of TSMC's shares. Even if it is really successful, it is all companies in which he owns shares, and it is impossible for him not to develop. If he really wants to be successful like this, why would he look for Zhang Zhongmou? Go directly to Wanwan and invest solely on your own.

Negotiations, it is natural for the lion to open his mouth. Anyway, Zhang Zhongmou does not know how big the company he created will be in the future, and the current Midea can provide huge help. Another reason is also because of the future. In the future, TSMC will inevitably need to introduce a large number of Investment is an inevitable condition for developing into a giant. Even if I have six layers of shares now, in the future, it will be a good achievement to have two remaining.

"Actually, I am not alone in this investment plan, but several Chinese engineers currently in the United States. They also need a certain amount of original shares." Zhang Zhongmou said.

"That's no problem. Those who are capable should own stocks. You can also give me their information tomorrow, and my people will evaluate their abilities, and they will naturally give what they should." Chen Zhiwen added: "Today is only ours. For the first meeting, Mr. Zhang should go back and think about it carefully, and also consider the shareholding ratio. This is my business card. If you are sure, you can contact me, or come to Hong Kong to find me, and talk to my secretary in advance. Let me just say that all air tickets, receptions, and hotels can be reimbursed."

"Okay, thank you Mr. Chen. I will seriously consider this matter." Zhang Zhongmou also felt that Chen Zhiwen was very sincere, but he wanted too many stocks. This is not the same as American venture capital, but it makes sense. The investment habits in Asia are different from Silicon Valley in the United States. Most people who invest large sums of money need a controlling stake, and even American venture capitalists are not fools. Don’t talk about project implementation, at least they have to start and have it. With certain progress, people will enter the angel round investment plan. As far as the current situation is concerned, the idea is still in the mind, who will invest?

"Okay, let's do it this way. Let's talk about our previous cooperation first, and then cooperate with the Wanwan government." Chen Zhiwen nodded and said: "But there is one more thing, Midea will give you some orders in the early stage, but you still have to deal with it." I need to find other customers in the shortest possible time, otherwise what would I need this company for?"

"Understood. Mr. Chen." Zhang Zhongmou nodded and said, this is a normal request, besides, the current situation is much more convenient than what they predicted before.

If there is no investment from Midea, new customers will need to find and persuade them themselves, which is very difficult. However, if there are a large number of orders from Midea, not only can they directly skip the most difficult stage of starting a business, but also use Midea's reputation. Go directly to find new customers. With the experience of working with large companies, it will be easier for other small customers to accept.

In the original history, TSMC was established in 1987, but Zhang Zhongmou had this idea a long time ago, and discussed it with the electronic-related administrative department of Wanwan for several years. Therefore, it is the best time to come to the door this year. The timing is too early, people may not have this idea, and if it is later, the Wanwan government may come to the door. If I want to intervene again, even if I can succeed, it will not be as convenient as early intervention.

But now I am one step ahead, with my own funds and resources, it is unlikely that Zhang Zhongmou will disagree. The rest is the equity ratio, and there may be a period of time later. For formal discussions over there, this part will naturally be handed over to Zhang Zhongmou.

All he needs to do is to wait until "TSMC" is really established, and he can continue to give orders for chips in the early stage to help TSMC grow up. In the future, he will rely on Zhang Zhongmou's ability.

This has another advantage, that is, it can avoid excessive reliance on Japanese and Korean semiconductor companies, especially Samsung, in the 1990s. In the original history, it was a dominant player in several fields in the 90s. Beautiful, there will be no small risk.

This is also the reason why Chen Zhiwen knew that Samsung's stock price would plummet after 1997, but he is still arranging to absorb Samsung's stock. The first is that he can make a lot of money if he sells it in 1997. The second is not to talk too much. Make friends, but at least not Samsung Electronics.

The purpose of supporting TSMC in the early years is also for this purpose. If Zhang Zhongmou started his business five years earlier, then in the 1990s, even if TSMC’s performance in the chip field was not as good as Samsung’s, it would at least have a restraining effect, right? As for the counter-cyclical price war that Samsung is best at, as long as its own financial support, TSMC does not have to worry about it. In this way, two high-end chip electronics manufacturing giants exist at the same time, which is more in line with the interests of Midea.

In fact, the rise of TSMC and even MediaTek in later generations is due to the fact that many consumer electronics giants are unwilling to let Samsung dominate. However, the excellent capabilities of these two companies are the bigger reason.

The next day, Zhang Zhongmou sent the plan he had prepared before, as well as a list of five other Chinese with cutting-edge technology, and a list of dozens of second-level people. The most outstanding Chinese talent in the field, and only Zhang Zhongmou, a Chinese who relied on his own ability to become the vice president of Texas Instruments, can have such an appeal and attract so many talents to start a business together.

These materials are relatively professional. Chen Zhiwen just read some of them, and he is going to Hong Kong later, and hand them over to Midea’s professional investment team for analysis. Although TSMC’s future value is very high, it is now, everyone’s Cooperation still needs to follow market rules, such as Midea’s long-term order support, which can be exchanged for more shares.

Anyway, the shares will definitely be diluted many times in the future, so it doesn't matter if you want more now.

A few things in the United States also counted. These investments will not be finalized in a few days. After the arrangements are made, Chen Zhiwen returned to Hong Kong.

Half a month has passed since Thatcher's wrestling. Although the Iron Lady has lost some face, she is the Prime Minister of the United Kingdom after all, and it is impossible for her to stay in Asia for a long time.

Both the United Kingdom and the mainland have issued statements that will definitely maintain Hong Kong's economic prosperity, which has eased the previous panic, but the economy has already fallen, and now it has temporarily stabilized the downward trend and wants to rise again Going back will be difficult.

In half a month, the Hang Seng Index halved to 690 points, and then continued to decline to 660 points, reaching a stable platform. Compared with the peak in 1981, it was only one-third lower. This is just an average value. In the stock market, the decline There are many companies with only 10% of the peak period, and countless shareholders have lost their fortunes.

The same is true for real estate. Except for Central, housing prices in other places have fallen by more than half. Not only have countless owners lost more than half of their net worth, but most real estate companies have also fallen into an unprecedented crisis. When the product falls, the capital chain of the entire company will have serious problems.

However, most companies can still support it for a period of time. After all, at this time, banks generally do not go too far.

But there is one exception.

"Chen Sheng, this is a visit letter from Carrian Group CEO Chen Songqing. He contacted me a few days ago and wanted to borrow 500 million Hong Kong dollars from Hisense. I'm looking for you directly." Huo Jianning handed over a letter and said.

PS: Ask for a monthly pass at the end of the month.