My Age of Investment

   Chapter 1108 Moved Others’ Cheese

  Hearing Liang Mengsong's words, everyone present looked at him.

   Then someone complained in their hearts. I don’t know where such a strong confidence came from. Gulf Power is an established company that has been deeply involved in chip foundry for more than 20 years.

  A Renaissance Semiconductor, which has only been established for one year, plus a Huaxin International, which has been established for eight years and is struggling internally and externally, can it achieve a feat that surpasses Gulf Power after ten years of hard work? Bragging?

  Most people are skeptical about this, thinking that Liang Mengsong is deliberately trying to please the big boss. Anyway, it’s hard to say that he’s still not in office after ten years, and he doesn’t have to be responsible.

  Xia Jingxing doesn’t doubt Liang Mengsong very much. After all, this man, as his name suggests, is a well-known fighter in the chip industry.

  Well, what the Wanwan media called it, which contains a certain derogatory meaning. It has been through Wandian, Samsung, Huaxin...

  In the past, the other party helped Samsung to cross the 28nm to 20nm process node. Instead of choosing to proceed step by step, it jumped directly to the 14nm node, thus saving a lot of research and development time.

  At the same time, with this key technological breakthrough, Samsung briefly defeated Gulf Power, won a large number of chip foundry orders, and sat for a period of time as the overlord of foundry.

  However, the clever woman is embarrassed to cook without rice. Liang Mengsong's brilliant achievements are inseparable from his standing on the shoulders of Samsung.

  At this moment, Fuxing Semiconductor has just been founded for one year. Even with Huaxin International, the combined technology of the two companies cannot catch up with Samsung.

Xia Jingxing finds it difficult to say whether Liang Mengsong can help the company overtake Wandian. The company can't provide technical support comparable to Samsung for the time being, and cannot give full play to Liang Mengsong's talents.

  However, Liang Mengsong himself said that the whole plan is divided into three steps. First, shorten the technology gap to one generation, then tie it, and finally complete the overtake.

  The whole plan takes a ten-year cycle, and it is more reliable to make persistent investment and strive as a long-term goal.

  After all, in the past ten years, Fuxing Semiconductor will not stop its development, but will continue to increase investment.

Thinking of this, Xia Jingxing cast an appreciative look at Liang Mengsong, and responded with a smile: "This is what you said, I take it seriously! I will apply to the board of directors for a corresponding option incentive for this military order made by you. plan.

  Every time you and your team complete a phased development goal, you unlock a part of the options. "

  Liang Mengsong smiled, "If the company is still willing to provide some material incentives, then I will be more confident."

  Xia Jingxing smiled, Fuxing Semiconductor’s employee option pool is the largest among all his companies, with a full 30%.

  He is not afraid that the employees will divide up the 30% option pool, but he is afraid that the employees will not have the ability to divide it.

  After all, Renaissance Semiconductor is currently in a backward catch-up stage, and it has to face external blockades and suppression. The difficulty of tackling key problems is far more difficult than that of other companies. It must be rewarded to see the emergence of warriors.

The reason why Chrysanthemum Factory is so effective is that more than 90% of the shares are in the hands of employees.

  Deng Yuanyun suddenly said: “Mr. Xia, if we want to take over Huaxin International in its entirety and support them to increase investment in R&D and revitalize some loss-making assets, we need to prepare at least US$5 billion!”

  Xia Jingxing nodded and said, "Almost, all this money comes from the Renaissance Industry Fund. It is not a big problem."

  The shareholders present had different thoughts. They watched Xia Jingxing playing more and more at the chip gaming table, and they didn't know if they should speak out at this moment.

  Although they are only small shareholders and small LPs in the Renaissance Semiconductor and Industrial Fund, after all, they have invested real money and it is impossible to ignore them.

  You can see Xia Jingxing's self-confident appearance that he wants to "turn over the Bay Power and hit the world's top 500". Many people who originally wanted to say something are back.

  Xia Jingxing has always been very "democratic", and major issues involved will be discussed and approved by the board of directors, giving the small shareholders the utmost respect.

  Minority shareholders are generally also acquainted and seldom sing the opposite.

   However, then again, even if the minority shareholders want to oppose it, it’s useless. So far, Fuxing Semiconductor’s controlling stake is still firmly in the hands of Fuxing Industrial Group.

Not to mention the Renaissance Industry Fund. The large LP of Vision Capital holds more than 90% of the fund shares. The GP is the Renaissance Industry Group, and the small LP has no right to speak at all.

  The scene was very quiet for a time, and no one came forward to oppose or approve.

   Seeing this, Xia Jingxing said: "If everyone has no opinion, this is the case."

   Still no one spoke, Xia Jingxing simply announced the end of the meeting.

  After the meeting, Xia Jingxing left Zhu Min, Chen Liwu, and Lin Xinhe behind. The institutions behind them are all shareholders of Huaxin International.

  After some conversation, Xia Jingxing gave the three of them a task to persuade the organization behind to agree to the merger plan of Fuxing Semiconductor and Huaxin International.

  As for Singapore and the United States, Xia Jingxing also made a call to Fu Jixun and Abel, each assigned a task to persuade Xiangfeng Investment and Goldman Sachs.

  After these Huaxin International shareholders have arranged one by one, there are not many remaining shareholders of international capital.

  After years of construction, Envision Capital has also built some interpersonal networks.

  Through these inextricably linked relationships, other international capital shareholders have also got on the line one by one, and they have arranged for matchmaking and negotiation.

  Xia Jingxing himself undertook the most difficult task of liaising with official capital.

  At the recommendation of the deputy prefect of the Modu Industrial Group, Xia Jingxing met with the head of the Modu Industrial Group.

  The conversation between the two parties was fairly pleasant.

Modu Industry is a local government-run enterprise. In the early years, it focused on production and operation. Now it has become the largest and most powerful overseas Modu with total assets of nearly 100 billion, net assets of more than 50 billion, and annual net profit of more than 4 billion Hong Kong dollars. A strong comprehensive enterprise group, it controls 7 domestic and overseas listed companies, and has invested in more than a dozen listed companies.

  To some extent, Modu Industrial Group has become a non-production financial group. Their main task is to raise funds from the international capital market and introduce projects to the Modu.

  The reason for investing in Huaxin International was to show Zhang Rujing the "sincerity" of the Magic Capital government, and thus defeated Beijing and Hong Kong in the selection of the factory location.

  This investment attraction is undoubtedly quite successful. Since Huaxin International settled in Magic City, a large number of chip design and manufacturing companies have also followed, making Magic City a well-known chip capital in China.

  Although Modu does not have the Internet, in the field of chips, it is like a handle.

  Now the political significance of "planting plane trees and attracting phoenix" has been achieved, and Modu Industrial Group does not intend to take over the operation of Huaxin International.

After Xia Jingxing revealed that after Fuxing Semiconductor acquired Huaxin International, he would also set up a chip design company in Magic City and invest several billion dollars to build a new factory. The head of Magic City Industry Group immediately agreed to obey the superiors. Sold the shares of Huaxin International.

  Although Modu Industrial Group has not made any money from investing in Huaxin International, it has invested in a chip capital and received billions of dollars in investment from Xia Jingxing.

  If you calculate the political account, it must be a big profit.

  After solving the largest shareholder of state-owned capital of Modu Industrial, Zhangjiang Hi-Tech, Pengcheng Venture Capital, Peking University Jade Bird and several other major state-owned capitals have received the news, and they all took the initiative to send people to contact Fuxing Semiconductor.

  International capital and government-owned capital have opened the door to convenience. The process of Renaissance Semiconductor's acquisition of Huaxin International is much easier than Xia Jingxing expected.

  Perhaps Lin Xinhe was right. He underestimated his status and influence in the business world.

  Xia Jingxing holding a glass of red wine, standing by the window on the 49th floor of Jinmao Building, overlooking the rushing Huangpu River below her feet, a BGM could not help but sounded in her mind—Lang Ben~Lang Liu~

   Just when Xia Jingxing was standing by the window and fantasizing about being Xu Wenqiang in the chip industry, and then slaughtered the Quartet, Liu Xiaoduo suddenly stepped on high heels and ran over.

  "Mr. Xia, the phone number of Huaxin International Zhang."

   "Old chapter is also done?"

  Xia Jingxing was a little overjoyed. He stayed in the magic city for only a week, and there were good news from all walks of life. If Zhang Rujing manages the internal Bay Bay engineers, Huaxin International can completely open its arms to Fuxing Semiconductor.

  Without thinking too much, Xia Jingxing quickly took the call from Liu Xiaoduo, smiled and said, “Zhang, I’m talking about meeting you today or tomorrow, but I didn’t expect you to call first.”

  There was a long silence on the other end of the phone before a guilty voice came: "Mr. Xia, I'm sorry, I have failed your request. The acquisition may have changed."

  Xia Jingxing was stunned for several seconds before reacting, and quickly asked, “How can there be changes? International capital and government-owned capital are basically flat.”

   "It's our inside!" Zhang Rujing's tone on the phone was very angry.

  Xia Jingxing frowned, "The engineers at Bay Bay are very resistant to merging with us?"

   "This is not true, but some engineers and management from mainland China."

  Xia Jingxing asked: "What about then?"

  "They want to introduce Dahan Telecom as a strategic shareholder! The TD-SCDMA communication standard launched by Dahan Telecom has a very large demand for chips and can form a strategic partnership with Huaxin.

  Also, we have talked with Dahan Telecom for several rounds before, but they have not had a follow-up, asking is just going through the "approval process."

  Now Dahan Telecom does not know whether it has received any news or whether the process review has really passed. It rushed to reply to us, saying that the approval process has been passed, and wanted us to sign with them as soon as possible.

  You know, our internal relationship is a bit complicated. Some people are closer to government-run capital and feel that there is a layer of protection, which makes it more convenient to conduct business in China. "

  Xia Jingxing did not say a word, his eyes faintly looked at the muddy Huangpu River, he smelled an unusual smell! It might have moved someone else's cheese!

  (End of this chapter)