If you cheat, money will follow

After resting in Jiangzhou for a few days, Chang Le and Jiang Xia flew to Magic City.

After getting off the plane and stepping onto the land of Shanghai, the hot air hitting my face was like a steamer, even hotter than Jiangzhou.

At the airport pick-up port, Zhao Zhiwei and his assistant received the two people.

"Boss, Miss Jiang, thank you for your hard work."

"It's okay, where is the car?"

"It's in the parking lot."

Zhao Zhiwei and his assistant took the two of them into an A6.

In the car, Zhao Zhiwei introduced the situation to Chang Le.

"Boss, I have made several appointments with the other party, and the other party also met. But they all made one request, that is, to meet with you before talking, and not to talk to others."

"Oh? Can you know the reason?"

"I have contacted some people from the other company, but did not get any useful information. I estimate that the other party is not willing for us to take shares. Should we report it to the superiors?"

"No need for now. You can make an appointment with them again. I'll go visit and listen to his true thoughts."

"Okay, what's a good time?"

"It's better to look at the other person's timing."

…………

Checking into a hotel in the clouds near the Bund, standing in front of the floor-to-ceiling windows, looking up, I feel the ambition and pride I have in the world.

Putting down their luggage, Chang Le and Jiang Xia walked out of the hotel.

It is the peak summer travel season, and the Bund is crowded with tourists.

The surrounding towering buildings and the busy boats coming and going on the river were covered in a layer of gray.

Without the blessing of filters, it is naturally not vivid enough.

Even in a temperature of more than 30 degrees, Jiang Xia still held Chang Le's hand tightly, holding juice in the other hand, and walked slowly, feeling very good.

"Chang Le, this must be your first time here." Jiang Xia asked.

"Yes, this is my first time here." When Chang Le said this, the past events automatically appeared in his mind.

Several figures who were probably young and beautiful, but with vague names and vague bodies, flashed in my mind one by one.

The only thing that is not blurry is the bright and alluring big white legs.

Just like Jiang Xia next to her, under the short but not short skirt, she is fair, tight, slender and well-proportioned.

"I've been here a few times, so I'm fairly familiar with this place," Jiang Xia said.

"They all came alone?" Chang Le asked.

"I've been here a few times with my parents and a few times alone."

"Is it fun? Come here so many times?"

“When I came here for the first time, I was very excited, but the next few times I felt like it was just so-so. This time it’s different.”

Speaking of this, Jiang Xia smiled silly at Chang Le.

"Then you have to be a good tour guide next."

"Of course, just follow my arrangements. Come on, let's take the subway and take you to eat delicious food."

…………

Two days later, Chang Le came to SMIC headquarters.

At this time, SMIC was full of internal factions and conflicts.

The cause is two lawsuits in recent years.

At the beginning of its establishment, SMIC received strong support from national policies and funds.

In order to circumvent the technical restrictions of the Wassenaar Agreement, the place of registration was deliberately chosen in the Cayman Islands.

A large number of foreign investors including Handing Asia Pacific (the oldest venture capital firm in the Asia-Pacific region), Goldman Sachs, Walden International (North American chip investment fund), and Vertex Investment (a wholly-owned subsidiary of Temasek) have been introduced to invest in the company.

By exchanging shares for technology and orders, major customers such as Infineon, Chartered Semiconductor, Toshiba, and Fujitsu have become shareholders.

When SMIC was founded, there were 16 shareholders. In just a few years, the number of shareholders increased to 75.

According to their nature, they are mainly divided into state-owned capital, foreign capital and Taiwanese management.

The benefits of this are obvious. Through the dispersion of equity, the interests of the upstream and downstream industrial chains can be bundled, including funds, land, technology, and orders.

In just two years, SMIC's monthly chip output exceeded 10 pieces, becoming the fourth largest semiconductor foundry in the world by the end of 03.

Development is as fast as lightning.

Due to the rapid development and unstable foundation, TSMC, the leading wafer foundry, could no longer sit still and filed a complaint in a North American court on the grounds of technical infringement.

After two years of repeated push and pull, SMIC could no longer hold on and settled out of court with TSMC in 05.

The price of the settlement is a compensation of US$1.75 million and a settlement agreement for the loss of rights.

The agreement clearly states that SMIC’s technology requires free inspection by TSMC to prevent continued infringement.

I thought that the storm would be resolved and SMIC could continue to develop.

However, there is no room for others to snore on the side of the bed.

Half a year later, TSMC took SMIC to court again, on the grounds that it violated the Settlement Agreement and the technology was infringed again.

This lawsuit lasted only three months and ended with SMIC losing the case.

The price for losing the lawsuit was to pay 10% of the shares to be held by TSMC, so TSMC entered the management of SMIC.

Another price is that the founder who has made great contributions to the development of domestic semiconductors has resigned.

Two lawsuits and the departure of the founder completely broke the already fragile balance among SMIC's internal shareholders.

The turmoil kicked off and the conflicts intensified.

The state-owned faction hopes to use SMIC as a platform to cultivate and support local industrial chains;

Taiwan's technical management hopes to deepen industrial ties with international semiconductors and deeply participate in the division of labor and collaboration in the international market;

Foreign investors only care about profitability and how much profit they make.

Whether the industrial chain is complete, whether it participates in international division of labor and collaboration, and whether it becomes an indispensable part, is indifferent.

As a result, SMIC is like a marionette, being pulled back and forth from three directions by three strings, falling into an aimless situation.

Stability is not possible, let alone development?

What Chang Le wants to see today is Mr. Jiang, who was ordered to do so in a critical situation.

At this time, he was seriously ill and should have been recovering at home.

In the office, Mr. Jiang’s eyebrows were furrowed and his temples were stained with frost.

After he saw Chang Le come in, he put down the phone and shook hands with Chang Le.

"Please sit down."

"Thank you."

"I'm really sorry. There are a lot of things going on in the company recently, so I can't greet you."

"You're welcome. You are an elder, so I should visit you personally."

Chang Le's attitude is very humble. The other party is a legend in domestic industrial development.

"Haha, some of my friends have mentioned you to me. I've been longing for you for a long time. When we meet today, you are indeed a heroic young man with great style."

"You deserve the award. It's just luck. I've seen some of your resume. During the difficult times, you set up your ambition to do big things, devoted yourself to the front line of technological development, and always maintained a forward-looking vision and sharp thinking. This ability and pattern are What I don’t have.”

"Haha, I can't afford your evaluation. I'm just born in this era, and I have the responsibility and obligation to work hard to do something. At the moment, it's not satisfactory."

"No, you are modest. Your role is not reflected in the present, but in ten, twenty or even thirty years."

"Haha..." Mr. Jiang shook his head and chuckled: "You are not very young, but you are very capable of wearing high hats."

"..."

"Some time ago, my superiors talked to me and asked me to fully support your company. I don't know your company's real purpose of entering the semiconductor industry, but I am opposed to your acquisition."

"..."