Reborn Entrepreneurial Giant.

Chapter 218 Sphere Semiconductor

Just when Qu Li was concerned about the legacy of Qimonda, an Infineon subsidiary that had not yet gone bankrupt, American Spansion Semiconductor found prospects through a financial company and sought to sell it.

“Spansion’s NOR and NAND products target embedded applications such as automotive, industrial and telecommunications…”

Qu Li did not hesitate when he heard this. This company is a joint venture between Fortis and AMD: an American company that designs, develops and manufactures flash memory, microcontrollers, mixed-signal and analog products, and system-on-chip solutions.

Although Spansion is the world's largest NORFlash manufacturer, it has been losing money for three consecutive years and faces many strong competitors, such as Hengyi, a joint venture between Intel and STMicroelectronics, Toshiba, Samsung, Wanwan Licheng and many other companies. compete.

"Don't worry about Qimonda, we will try our best to win over Spansion Semiconductor." Qu Li urged, NOR and NAND flash memory can be used in mobile phones, computers, and cars, so it has value.

Even without Qu Li, there are still domestic companies eyeing Qimonda. For example, Shandong Huaxin teamed up with Inspur to acquire Qimonda's R&D center in Xi'an, and also packaged and acquired a large amount of R&D data. This became the foundation of Unisoc and Hefei. Changxin and Yangtze River Storage.

曲黎很快就通过远景从飞索拿到了更详细的数据：资产项目清单总金额38亿美元，其中债务总计近24亿美元，到期债务利息接近3亿美元。2006年营收18亿美元，现在就算遇到次贷危机也不会低于15亿美元。

This is both a crisis and an opportunity. If it is not full of difficulties, there is no room for them to intervene. Just like Infineon, if it is not about to go bankrupt, how can a Chinese investment institution covet the top high-tech companies.

"My idea has not changed. I won, but I have to find ways to reduce risks." Although Qu Li didn't know Spansion Semiconductor, he knew that his industry had great potential.

There is no doubt that Envision's colleagues will have to work overtime again. Spansion Semiconductor is going bankrupt. Whether it is an acquisition or a shareholding, including how to change the company, decisions need to be made as soon as possible.If Sphere really goes bankrupt and its debts are restructured, Vision will lose control.

Glory matters, long-term investment, fund-raising, and personal investment all come together in this cold winter, making people overwhelmed.Let Xiangjiang Investment and Vision Investment join forces to attack Spansion Semiconductor. Americans who use Lehman in the United States can use it better than Chinese people.

It’s not difficult to make CFO Chen Jingqiu a full member in advance, squeeze out Zhou Shaoning’s management team, take over more affairs of Honor, and just sleep at least.

On December 12, the Federal Reserve lowered the U.S. dollar benchmark interest rate to 16-0%, exceeding market expectations of 0.25%. What does this mean?This means that the United States has started quantitative easing, which means that the financing costs of American companies have been greatly reduced, which means that the global currency has been greatly drained, and which means that the gap between the rich and the poor will become wider and wider.

Citigroup's stock price plummeted at the same time, and AIG faced the risk of bankruptcy. Wall Street was in turmoil, but Qu Li, who was aware of the development of the matter, knew that the most dangerous period of the subprime mortgage crisis was almost over.

“The Spansion Board of Directors agreed to our change of CEO and our weight-loss plan…”

The matter was one step closer. Qu Li did not expect that in just a few days, the board of directors of Feisuo would make so many concessions. It seemed that the matter had really reached a critical moment.What company can serve as the main body to acquire Spansion Semiconductor?

“A NOR semiconductor company called GigaDevice is short of money.” Deng Feng of Northern Lights

Qu Li soon met Zhu Yiming, the founder of GigaDevice Innovation. Their NOR chips were ahead of other companies' products in some aspects and they were an excellent company.

"Are you interested in acquiring Spansion Semiconductor?" Qu Li asked when he saw Zhu Yiming.

"Sorry, Zhaoyi doesn't have the strength now." Zhu Yiming hesitated for a while and said

Spansion Semiconductor's current share price is less than 0.5 US dollars, and its market value is less than 5000 million US dollars. Of course, if it were to be acquired as a whole, it would definitely not be carried out at this price. Their shareholders are not that stupid.

"What I mean is that Envision will find a way to acquire Spansion Semiconductor, but this is an American company. I don't know how to turn it into a Chinese company. Can you teach me?" Qu Li is a good person who doesn't want to learn. It's not a good idea. I just want to recruit this team. What's there to be embarrassed about?

Under the introduction of Zhu Yiming, Qu Li met Jesses, the vice president of Moses Technology Company, whom he met in the United States. Although Flying Solo is a mess, it is a good opportunity for many people to cross class.

"After Vision takes over, Spansion Semiconductor will establish three major R&D centers in the United States, Japan, and China, and place its manufacturing base in China. It is equivalent to light assets overseas and heavy assets domestically. Your task does not need to be much. Increase the national People's influence in Feisuo will improve domestic R&D strength, even if they break up in the future..." After Zhu Yiming agreed to join Vision and help him acquire Feisuo, Qu Li gave him this task.

Andrew's team designed a complex plan, including subscribing for old shares, convertible preferred shares, and issuing convertible bonds, using US$3 to US$5 million to complete the acquisition.

The advantage of this is that it allows AMD and Fujitsu to still have some thoughts and will not lose all their money. It will provide some assistance to Span and reduce acquisition resistance.In the event that Sphere goes bankrupt, convertible bonds and preferred shares have a higher repayment rating than common shares, which can reduce losses.

The matter is not over yet. For example, the manufacturing center will be moved to China, various packaging plants, etc. will need to be re-planned, and investment and construction needs to be increased domestically, with local funds and efforts required.Just like Hynix in Wuxi, it's the same routine.

Qu Li’s strategy is that Vision Holdings will hold Spansion and after becoming a Chinese enterprise, it will use domestic funds to maintain its leading position in the field of NOR flash memory and at the same time increase investment in NAND flash memory. Honor may give priority to purchasing Spansion’s products, such as SSD hard drive.

The general direction has been determined, and what remains are some details, such as layoffs at Japanese and American companies. Qu Li does not need to worry about specific matters. Feiso's new CEO, Jesse, will take the blame.I thought I could control everything from my seat in Beijin. Unexpectedly, Facebook’s Chinese CFO Gideon Yu flew to Beijin and asked him for financing again.

"It's impossible for me to raise funds at a valuation of US$150 billion, not even US$100 billion." Qu Li didn't make any detours this time. He was really too busy and was really responsible for the specific practices of Honor. He found that he still had a lot to learn. .

"No problem, we can negotiate the specific price." Gideon Yu was very talkative.

"..." Qu Li didn't know how to reply. Investing in Facebook will definitely make money, but you can just buy his stocks directly, and it's more free and flexible.

"How much do you need?"

"It's better to have 2 million US dollars." Gideon Yu listened to Zuckerberg directly.

"I want to get a board seat at Facebook for Lu Qi, executive vice president of Yahoo, who is the CEO of Jumeixin." Qu Li thinks the price is acceptable.

"I'm going to discuss it with Zach."

"If he agrees, I only need 2% of the shares for US$2 million, otherwise the price will be negotiated separately. Oh, and also, I want to acquire old FB shares and increase my shareholding ratio to 3%." Qu Li added his shares in one breath After the request, if he doesn’t accept his funds, then he will wait for the Russians to save him. The problem is that Qu Li knows that FB has a choice, but does Zuckerberg know?

"I'll go back and talk to Zach right now. I think it's not a big problem. Funds..."

"The problem of funds is not big. It can be paid in one go." Qu Li was so poor that all he had left was money.