My Age of Investment

   Chapter 1407 Po County Battle Stick

   The next day, in the office of Xinxin Group in Singapore, Xia Jingxing and his party and the Temasek investment team brought by Huo Jing sat on one side.

   "Mr. Xia, this is your latest strategic development goal for Xinxin Group?"

  Huo Jing stopped flipping through the documents in his hand, raised his head and looked calmly at Xia Jingxing who was sitting directly opposite.

   "Yes, Mr. Huo, what do you think? If there is any disagreement or objection, you can raise it, and let's negotiate and resolve it together."

  Xia Jingxing looked at the little old lady opposite with a bright smile. To fully realize the series of strategic ideas of Xinxin Group, it is inseparable from the strong support of this Temasek CEO who holds hundreds of billions of dollars in assets.

   Therefore, today he has to spread another pie for the old lady that he spread to her husband yesterday.

Huo Jing smiled and said, "Mr. Xia, what I see in this document is that Xinxin Group will vigorously develop memory chips in the future, and it will take one to two years to become the top three in the industry, and it will take another three to five years. Time shock industry first.

   In order to achieve this goal, Qimonda was acquired first, and then Elpida was annexed. "

   "Yes, strategic mergers and acquisitions are the only way to rapidly expand the semiconductor industry.

   Now that the memory chip market has experienced a major reshuffle, it is a good opportunity to cover our entry. "

  Huo Jing nodded slightly, "To tell you the truth, Mr. Xia's strategic idea seems to me very good, but have you considered the management disconnection, debt increase, and cash flow depletion caused by the rapid expansion of Xinxin Group.

   Of course, I didn't mean to pick on things, but to communicate with Mr. Xia in a realistic manner. "

   "Haha, Mr. Huo, you are too polite. Your doubts are normal in my opinion. You are also concerned about the development of Xinxin Group.

   If you have any questions, you can ask them directly, and I will answer them one by one. "

   Having said that, Xia Jingxing began to answer questions.

"There is no need to worry too much about management disconnection. Fuxing Industry has grown through continuous mergers and acquisitions. There are many middle and senior executives from Fuxing Industry in Xinxin Group. They all have rich industrial mergers and acquisitions, asset restructuring, restoration, etc. experience.”

   "In terms of debt, the asset-liability ratio of Xinxin Group is still at a very low level, far lower than that of many peers. Because we acquired Chartered Semiconductor and Meiman Electronics, we almost did not use debt instruments, and all used cash."

   "At present, Xinxin Group has about 2.5 billion US dollars in cash on its account. If leverage is used, it can easily initiate tens of billions of US dollars in mergers and acquisitions."

  …

Xia Jingxing analyzed Huo Jing one by one. The core point was that money should not be kept for children. It was necessary to spend it as soon as possible to acquire high-quality semiconductor assets. .

   After listening to Xia Jingxing's remarks, Huo Jing felt that most of the words made sense, but she still couldn't help being a little worried.

   However, seeing that Xia Jingxing behaved in a more forthright manner, Huo Jing did not intend to continue to be fickle, and simply clarified his doubts.

   "Mr. Xia, I support Xinxin Group's entry into more semiconductor segments in principle.

  Storable chips are not an ordinary segment, and the strong manufacturers in this industry are notorious.

   Especially Samsung, they can fight for ten or eight years without making money, and they have to kill their opponents.

  Samsung has the financial backing of the entire group, which is incomparable to Xinxin Group.

   There is also the government of Bangguo, which is notorious for guarding shortness. Behind several counter-cyclical investments in semiconductors and panels, the government of Bangguo has participated.

   With the support of the government, Samsung and Hynix don’t have to worry about debts, they can open up to lose money to grab market share and fight against various competitors.

  We Singapore... After all, it is a small country, and its total GDP and fiscal revenue are smaller than those of a great country. "

   Speaking of this, Huo Jing stopped talking, she made it clear that Po County did not dare to play this kind of life-and-death industrial war with Bangguo officials.

  Xia Jingxing smiled and said nothing, turned his head and exchanged glances with Fu Jixun next to him.

   Really made the old payer accurate, Temasek and Po County are seriously lacking in courage!

   Talking about fiscal revenue and GDP is all nonsense. The core reason is one and only one. Temasek is only a 20% shareholder of Xinxin Group, so it shouldn’t be so risky.

Seeing that Xia Jingxing had been silent, Huo Jing guessed that the big money lord from the mainland might be a little dissatisfied, thinking of calming down the atmosphere, he said, "Mr. Xia, the memory chip market is currently mourning, I'm not saying that more investment should not be made. , but from the perspective of Xinxin Group's recent establishment.

   I think Xinxin Group has developed a little too fast. It is better to adjust the pace and maintain sufficient development potential.

   After the businesses of Meiman Electronics and Chartered Semiconductor are back on track, it is more appropriate to take out debt to acquire the two major storage chip companies. "

   "In that case, it would not be our turn to acquire, because Micron may be ahead of us and swallow up two memory chip manufacturers with similar market shares as them.

  And Samsung and Hynix will not wait in place, especially Samsung, which is staking a lot at the moment.

   Xinxin Group wants to become a world-class semiconductor company, it can only face difficulties and defeat powerful enemies one by one.

   and so on can not wait for the opponent to decline, and will only watch the opportunity pass by, watch the opponents from all walks of life become stronger and stronger, and finally lose the courage to end the game.

   One thing I admire about Singapore is that the whole country is full of the spirit of being prepared for danger in times of peace and fighting.

  It turned out that Singapore was just a small port, and it has become the developed country it is today with step-by-step efforts. It also has a number of technology industries, and the economy of the whole country is full of vitality.

   This is a stark contrast to the old-fashioned Hong Kong Island!

   If Xinxin Group wants to take a share of the semiconductor industry surrounded by powerful enemies, I think Singapore's development history and reasons for its rise are worthy of our learning and reference. "

  Huo Jing smiled slightly, Xia Jingxing kept talking about Singapore's development experience, so she didn't know what to say.

   Negative what the other party said? That is to deny Singapore's development path and success.

   "The Chinese are a hard-working and smart nation. In terms of semiconductor talents, we are no worse than Bangguo, or even stronger than them. If you search carefully, everything will not be a problem.

   Speaking of capital strength, Xinxin Group is temporarily worse than Samsung.

   But when Xinxin Group is in trouble or faces fierce market competition, Daxia Capital, as a major shareholder, will not stand idly by.

   At present, Facebook, domestic holdings, Fuxing Industry and other companies have achieved good development results. Whether it is listing and selling old shares or financing through other methods, Daxia Capital can raise a lot of funds.

  If Samsung and Hynix want to repeat the old tricks and attack the fledgling Xinxin Group's storage chip business, then we have no reason to avoid it, and we will accompany it to the end! Beat them like they beat the Japanese!

   Of course, there is no reason to say it, we have prepared this number for Xinxin Group! "

  Xia Jingxing gave Huo Jing a comparison and made the old lady laugh directly. Only then did she remember that the other party was still a child in her twenties, and the anger caused by the other party's bluffing and blocking her with words dissipated a lot.

   "I know Mr. Xia, you have strong capital, but I still want to remind you that industrial wars are extremely dangerous, and you will lose everything if you are not careful."

  Xia Jingxing said with a smile: "Thank you, Mr. Huo for reminding me, I will pay attention to this.

   But I also want to remind Mr. Huo that the industrial take-off never waits, but takes the initiative. "

  Huo Jing was at a loss for words again. She understood Xia Jingxing's suggestion that the take-off of Xinxin Group led to the take-off of the entire semiconductor industry in Singapore.

  If Singapore does not cooperate and express, maybe this golden phoenix will fly to other places to settle down.

  In fact, in addition to the Chinese and Japanese, Singapore is the best semiconductor industry in Asia. Chinese engineers can also be dispatched to the mainland to work, and it is easier to adapt to the environment and language.

   As for the Japanese and the barbarians, Xia Jingxing would definitely not consider building a local factory, and the reasons do not need to be repeated.

   As for Europe and the United States, apart from meeting the needs of the local market, in principle, we will not build more factories and R&D centers.

   In a word, Singapore is very suitable, but if Huo Jing is really stubborn, Xia Jingxing will leave without saying a word, at least he will think about transferring some production capacity and industries, and give her some color.

   Of course, this is a lose-lose plan. Xia Jingxing’s industrial kingdom still needs Singapore as a bridgehead.

   Looking at Huo Jing's current attitude, Xia Jingxing is not very satisfied. Looking ahead, what big things can be accomplished.

Of course, this may be a disguise of the other party. The real idea is to not take risks and prostitute the semiconductor industry for nothing. Daxia Capital, the major shareholder of Xinxin Group, will go out to make thunder, and Singapore will be sitting behind to collect industry dividends. , the loss is limited.

  Po County people should be shrewd and used to it, and they are very good at both sides, and they want to use this set for Xia Jingxing.

   But Xia Jingxing had asked Huang Dongsheng how to tie up the government tightly, how could it be so easy to let Temasek shrink back.

   If the Xinxin Group and Samsung fight in the future, and the government of the country will contribute money and efforts, will the government of Po County shrink in the back?

   Although Xia Jingxing is not afraid of an epic money-burning battle with Samsung, from a practical point of view, bringing in a partner to share the losses is the best solution.

Next, Xinxin Group must firmly tie Po County to the charging chariot, so that there is no need to be afraid of jumping off the car halfway in Po County, or the stick will fall down, or the semiconductor industry of Po County will be knocked down by the stick. There is no third way to choose.

  There is another advantage of doing this, that is, for Americans, the dog bites the dog, they do not help each other, do not interfere, and quietly eat melons and watch dramas.

  Huo Jing's face kept changing, as if he was struggling and weighing. After a long silence, he said again: "Mr. Xia, if you are willing to invest US$20 billion in Singapore's semiconductor industry, we, Temasek, will invest US$5 billion."

   After saying this, Huo Jing breathed a sigh of relief, as if he had made a major decision.

  Xia Jingxing didn't laugh after holding it back, that's all? Also consider half a day.

   "$20 billion is just a long-term investment plan, whether it will come in handy or not is another question."

   Huo Jing's eyes suddenly widened, as if he had re-acquainted with Xia Jingxing, didn't you just say that you want to invest 20 billion US dollars? Appetite?

  Xia Jingxing smiled slightly, he was naturally able to take out the 20 billion dollars, but taking it out would mean emptying his pockets and not giving himself a way out. To develop the semiconductor industry for Po County, does he deserve such a desperate effort?

   "The US$20 billion is still to be invested, but it is not for us. We found an interested strategic investor... More precisely, they took the initiative to look for it.

   They are very interested in the development concept of Xinxin Group proposed by us, and they are willing to help with all their money... Well, saying "all the money" may be a bit contemptuous of others and their strength.

  Old Fu, why don't you just introduce to Mr. Huo the identity of our strategic investors and their various interest demands! "

   Hearing this, Fu Jixun stood up immediately, smilingly looking at the curious eyes that were cast at him.

   (end of this chapter)