My Age of Investment

   Chapter 1259 New Core

  After Wu Jianmin returned to California, he considered it for three days, but he still could not resist the temptation of the Global Chinese Banking Plan.

   He called Xia Jingxing and expressed his willingness to join in, and at the same time he was willing to persuade his Bole, Indonesian Chinese Lin Guoxiang, to sell the shares of East West Bank.

   Seeing this, Xia Jingxing was overjoyed and sent Chen Hong to work on it.

   This was just a small acquisition, and he didn’t invite the people from Goldman Sachs and Morgan Stanley.

   After dealing with these trivial matters, it is already March.

  Xia Jingxing did not rush to leave New York, but sent letters to the executives of his companies scattered around the world, calling them to come to New York for a meeting.

   After receiving the news from the boss Xia Jingxing, the executives set off one after another to gather in New York.

Soon, Zhang Yong, CEO of Domestic Holding Group, Deng Yuanjun, CFO of Fuxing Industrial Group and head of the Hundred Billion Semiconductor Industry Fund, Fu Jixun, head of the Singapore Dollar Semiconductor Industry Fund, Ricky Milner, head of the Silicon Valley Office of Vision Capital, and Vision Capital Beijing The head of the office, Rao Lei, and others gathered in the conference room of No. 40 Wall Street.

   The executives sat in two rows at the long table, staring intently at Xia Jingxing who was sitting in the first place, listening carefully to the boss's speech, while Liu Xiaoduo sat aside, meticulously taking the minutes of the meeting.

   "The Renaissance Industrial Investment Fund (formerly the 100 Billion RMB Semiconductor Fund) has been planned for several years, and the fundraising work has also been carried out for a whole year.

   At present, the fund still has 91 billion RMB, about 13.3 billion U.S. dollars of funds are not in place, and all of them will be in place this month. "

  Xia Jingxing couldn't help laughing when he saw Deng Yuanjun's ecstatic expression.

   "There is still a little delay in time, but it's not a big deal. The next step is to speed up the pace of investment."

  Deng Yuanjun nodded heavily, "No problem, President Xia, we are all ready.

  In the past year, the Industrial Industry Fund has formed a mature semiconductor investment team, visited and investigated hundreds of semiconductor start-ups in China, and invested 9 billion yuan.

   Now we only need to wait for the funds to be in place, and we can invest in all the companies that have been identified and negotiated last year. "

  Xia Jingxing said with a smile: "The job is well done, as it should be, time is precious, and it is imperative to catch up with foreign semiconductor technology.

  Industrial Industry Fund is a strategic investment department named Fuxing Industry. In fact, it mainly focuses on investing in the semiconductor industry chain.

After the    fund is in place, be sure to invest in the entire semiconductor industry chain one by one, without asking how advanced the technology of the invested company is, solve the "no" problem first.

If you find that there is a lack of technology in China, and there are Chinese senior executives in the corresponding foreign technology manufacturers, you can pull them out to start a business, give them an angel investment, and at the same time give play to the influence of industrial funds in the domestic semiconductor field, and help them pull a few business in the early stage. , give them a ride!

   As for the future, Jackie Chan is up to them! "

   Hearing this, the surrounding executives all showed surprise. President Xia made a great determination to cultivate a complete semiconductor industry chain in China!

  General venture capital, although there is also a post-investment management department, but it is impossible to be so considerate.

  Deng Yuanjun nodded with a solemn expression to Jingxing in the summer. Others do not know how much the boss has high hopes for the semiconductor industry. As the person in charge of the industry fund, he is very clear.

The   100 billion industrial fund is just the tip of the iceberg.

   "In addition to making up the remaining US$13.3 billion to the Industrial Fund, I also decided to inject US$10 billion into Fuxing Industrial Group."

  Deng Yuanjun widened his eyes, as if he heard something incredible.

  Xia Jingxing smiled and said, "Fuxing Industrial Group is very large, with five business groups, one sub-group, one research institute and three directly affiliated companies.

  Equally divided, each business unit can only be divided into 1 billion US dollars.

  The money seems to be a lot, but each business unit has a very arduous task, and I am a little worried that this money is not enough to support the mature development of each business. "

  Deng Yuanjun nodded slightly, expressing that he understood that the boss has great ambitions, and the targets of various businesses of Fuxing Industry are all the world's top companies. This amount of money is really nothing.

  Xia Jingxing turned to look at Fu Jixun, and asked with a smile, "How is the preparation for the work in the Singapore office?"

  Fu Jixun replied in a straight-forward manner: "The Singaporean authorities welcome us to invest and are willing to work with us to form a new core semiconductor group."

   "New Core, Singapore's new, good name!"

  Xia Jingxing smiles, the RMB Semiconductor Industry Fund and the USD Semiconductor Industry Fund are one inside and one outside. The former cultivates the semiconductor industry chain in China, while the latter is active in the international semiconductor M&A market.

  Since international mergers and acquisitions are involved, especially in the most sensitive semiconductor industry, various reviews are inevitable.

   Therefore, the US dollar semiconductor fund cannot have a mainland background, and it is undoubtedly a good choice to join the Commonwealth of Nations, Singapore, for joint ventures and acquisitions.

   Of course, there are disadvantages too.

   Since the headquarters of Xinxin Semiconductor Group is set up in Singapore, and there are Singapore state-owned assets such as Temasek and GIC, Vision Capital can not speak of absolute control of Xinxin Semiconductor.

   There is no way to do this. Only through this roundabout method is to establish a semiconductor group overseas to respond to the overseas action of reviving the industry.

   When Xinxin Semiconductor develops, it will go to the mainland to set up factories and set up chip design centers in the future.

   One bright and one dark, two lines of development, Xia Jingxing did not believe that he could not shake the structure of the semiconductor industry.

  Fu Jixun smiled and said: "The acquisition negotiation between us and Singapore-based Chartered Semiconductor has basically been finalized, and the transaction consideration is about US$4 billion if debts are included.

   As soon as the funds are in place, the agreement can be signed and the delivery can be made immediately. "

  Xia Jingxing nodded slightly and replied, "Don't worry about the money, the US$10 billion will be credited to the Singapore company within this week."

  Fu Jixun said with a smile: "The negotiation between us and Meiman Electronics has also come to an end.

  The financial crisis and economic recession had a great impact on the business of Meiman Electronics. Since the fourth quarter of last year, the company's profits began to decline severely.

The company’s share price has also fallen from nearly $20 at its peak last year to $7 today, and its market value has dropped from $15 billion to around $6 billion. "

   Speaking of this, Fu Jixun spread his hands, "When we made an offer to them last year, Zhou Xiuwen, Dai Weili and his wife were still slow and evasive.

   Now that the stock price has plummeted, the couple is in a hurry. They called me every three days, for fear that we would give up the acquisition. "

  Xia Jingxing smiled lightly, in this matter it cannot be said that the couple was too greedy, resulting in the wrong timing.

   Actually, they delayed it on purpose.

   He instructed Fu Jixun not to worry, talk slowly, then talk and talk, the financial crisis broke out, and the share price of Meiman Electronics plummeted along the way.

   After waiting for a few more months to reduce the acquisition cost of nearly 10 billion US dollars, this transaction is still quite cost-effective.

  Xia Jingxing asked, "Are Dai Weili and Zhou Xiuwen willing to sell all their shares?"

  Fu Jixun replied: "If a certain acquisition premium is given, it shouldn't be a problem."

   "Do you think you can take this opportunity to privatize Meiman Electronics?"

  Fu Jixun pondered for a long time before slowly replying: "If the Foreign Investment Committee does not set up obstacles, it should be possible."

  Xia Jingxing pinched his chin. The Foreign Investment Committee is a **** stick. Many Chinese or other countries' acquisitions of American companies are caused by this institution.

   It seems that, for the sake of safety, we have to pull in American funds to act together.

   "If Meiman Electronics is privatized and delisted, I plan to merge it into Xinxin Semiconductor Group and gradually move the chip design center to the mainland."

  Fu Jixun nodded, "Meiman Electronics has been vigorously expanding the mainland market, and if you move to the mainland, you can also provide services to customers nearby.

  But if Meiman Electronics is absorbed into Xinxin Semiconductor Group, Xinxin will become an IDM manufacturer. "

  Xia Jingxing said with a smile: "IDM is just IDM. Originally, we planned to let go of our hands and feet in the overseas market. The simple chip manufacturing seems too small to carry our ideals and pursuits."

   "Revivable Semiconductor is also an IDM model!"

  Fu Jixun glanced at Deng Yuanjun, he thought about it, and decided to tell the truth, "In the future, there will definitely be competition and internal friction between Fuxing Semiconductor and Xinxin Semiconductor."

   Deng Yuanjun didn't answer this, he was silently thinking about the intention of Xia Jingxing's arrangement.

   (end of this chapter)