My Age of Investment

   Chapter 1481 Sui Ren Lithography Machine

   The next day.

   When Xia Jingxing walked out of the Temasek headquarters with a calm face, Fu Jixun who was waiting outside hurriedly got out of the car, hurried up to meet him, and asked, "Mr. Xia, how are you talking?"

   "Let's get in the car and talk."

  Fu Jixun also quickly realized that this was not the right place to talk, and followed Xia Jingxing into the car.

  Xia Jingxing repeated the conversation between himself and the first lady Huo Jing to Ji Xun again.

After listening to   , Fu Jixun frowned and said, "No support? No objection? No participation? What is this?"

   "Could it be that you still expect Po County to endorse the lithography machine company?"

  Xia Jingxing shook his head and said, "That's impossible, they have already reached the limit of this step, and they can't ask for more."

   Having said this, Xia Jingxing did not feel too lost.

   After all, Po County can develop into what it is today, but he is not stupid at all. Even if he releases the big bait of tens of billions of dollars in investment, the other party will not bite the hook.

   In fact, Po County has taken a lot of risk by allowing him to move the sensitive business of lithography machines.

   Of course, the current lithography machine is not as sensitive as ten years later. Canon and Nikon's lithography machine business can be successfully traded and relocated to Singapore is a testament.

   However, it is more difficult to relocate to the mainland. After all, this is a blank domestic industry, and it is also a blocked industry with a "black agreement".

   Therefore, even if he successfully acquired two lithography machine companies, he could only arrange for them to be placed in Singapore.

   Looking around the surrounding countries and regions, Bangguo, Yizhou, and Japan, which are suitable for the placement of this industry, are not so friendly, so I can only choose Po County among the short ones.

  Po County and the mainland are still very close in terms of business cooperation, and the language is similar, and it is also suitable for mainland engineers to come to learn lithography machine manufacturing.

   However, the manufacture of lithography machines is not the most important thing. The most important thing is to cultivate the lithography machine supply chain.

  Xia Jingxing has made up his mind. When he returns to China, he will set up a new fund to invest in and incubate some start-ups in the lithography machine supply chain.

   This is actually not very efficient, it is equivalent to ants moving house, but it is the best solution at the moment.

  Fu Jixun said: "Then we can only do this first, take a step and see."

  Xia Jingxing shook his head, stopped thinking about this troublesome matter, and started talking about the financing of Xinxin Group.

   "Mr. Huo has agreed, and Temasek will soon perform this year's capital increase contract with Mubadala and Daxia Capital to supplement the development and operating funds of Xinxin Group.

   Your main responsibility this year is to keep this home and further integrate and digest all the acquired factories and teams.

   As for the complete showdown against Samsung, let’s delay it for a year and a half, not in a hurry. "

  Xia Jingxing sighed slightly in his heart, now he has no shortage of money at all, in fact, he can't wait to make a move on the stick, but if he can't bear it, he will make big plans, and it will easily cause trouble to other industries.

  …

  …

   A few days later, Mubadala's investment representative and Mansour's confidant, Mubarak, flew to Singapore and signed a capital increase agreement with Daxia Capital represented by Xia Jingxing and Temasek represented by Huo Jing.

  According to the agreement, Mubadala will invest 4 billion US dollars, Daxia Capital will invest 2 billion US dollars, and a total of 6 billion US dollars will be injected into Xinxin Holding Company.

  After the financing, the shareholding structure of Xinxin Holdings will change from 100% of Daxia Capital to 80%, and Mubadala will hold the other 20%.

   Xinxin Holdings will increase the capital of the 6 billion US dollars in financing to Xinxin Group, and Temasek will also invest US$1.5 billion to ensure that the shares are not diluted.

   Therefore, the shareholding structure of Xinxin Group remains unchanged, with Xinxin Holding holding 80% of the shares and Temasek holding 20%.

   However, after obtaining a total of 7.5 billion US dollars in financing and the previous acquisitions of GlobalFoundries, Qimonda and Elpida, the valuation of Xinxin Group has grown to 25 billion US dollars.

   mainly has five subsidiaries, namely Singapore Chartered Semiconductor, Meiman Electronics, GlobalFoundries, Qimonda and Elpida.

  Except for GlobalFoundries, which temporarily holds only 55.6% of the shares, the remaining four companies are all 100% controlled.

  According to the agreement, GlobalFoundries will complete the acquisition completely in the following years.

   Five large-scale acquisitions, in addition to consuming more than 10 billion US dollars in cash, also brought a lot of debt to Xinxin Group.

For example, when GlobalFoundries was taken over, it spent $1.2 billion in cash and $1.4 billion in debt. Qimonda didn’t spend any money, which is equivalent to giving it away for nothing, but there was another $2 billion that came with the acquisition. Debt is actually a pile of negative assets, and it takes tens of billions of dollars in losses to revitalize it and turn it into positive assets.

  Elpida is in slightly better shape than Qimonda, spending $1 billion in cash and taking on $3.5 billion in debt.

   In the final inventory, Xinxin Group has raised a total of US$20 billion in cash since its establishment last year, because the acquisition cost US$12.2 billion, a loss of US$2.1 billion, and a debt of nearly US$10 billion.

   Among them, the loss of 2.1 billion US dollars is only included in the losses of Chartered Semiconductor and Meiman Electronics last year.

   Now we have added Qimonda, Elpida, and GlobalFoundries, and it is not surprising that this year’s losses have doubled.

   Fortunately, Xia Jingxing tricked Mubadala and Temasek into investing in this bottomless pit of burning money. In the next four years, the three institutions will invest 7.5 billion US dollars every year like this year. After four years, the total will be 30 billion US dollars.

   In addition to the 20 billion US dollars that have been raised in place, how can 50 billion US dollars revitalize five dying semiconductor companies.

  …

  …

  The matter of Xinxin Group came to an end. Xia Jingxing did not rush to return to the mainland, but went to inspect the new company - Suiren Lithography Machine, which was formed by the reorganization and merger of the lithography machine businesses of Nikon and Canon.

  It is said that the Sui people invented drilling wood to make fire, which brought the hope of light and heat to the ancestors of China and created a civilization.

   The newly established lithography machine company is named after Suiren, and it can be seen that Xia Jingxing has placed high hopes on opening a new chapter in China's science and technology.

In order to set up the Suiren lithography machine, he was beaten by the Japanese. The two companies paid a total of 6 billion US dollars in cash for the acquisition, and also took over the existing debts of the two companies. Fortunately, the debts are not High, all add up to only one billion dollars.

   After Xia Jingxing paid the money readily, Nikon and Canon also cooperated very well to transfer the lithography machine business team, equipment and other assets to Singapore in batches.

   At present, the relocation work has not been completed, but many Japanese engineers have come to work in Singapore.

   After coming to Suiren Lithography Machine Company, Xia Jingxing, accompanied by a group of Japanese executives, inspected the factory where the equipment was being relocated and installed.

   Nakamura Taro, who temporarily served as the CEO of Suiren Lithography Machine, respectfully introduced Xia Jingxing to the various assembly and production links of the lithography machine. Hearing that Xia Jingxing's head was big.

   He really doesn't know anything about the lithography machine business, otherwise he wouldn't be staying in this batch of Japanese executives.

   Even if he wanted to find Chinese people to replace the Japanese, he could not find a suitable candidate for the time being, because there is a shortage of talents in this area in China.

   "Mr. Nakamura, I have seen your dedication and hard work.

   Although the company cannot catch up with Asmail for the time being, the market share of low-end and mid-end lithography machines must be preserved and cannot shrink any longer. "

   Nakamura Taro is an old-fashioned old man in his fifties. Hearing Xia Jingxing's words, he immediately bowed slightly, "Please rest assured, Mr. Xia, we will do our best to keep the company's market share."

   Nakamura Taro took the lead, and other Japanese also bowed to Xia Jingxing and expressed their obedience very well.

The Japanese have always obeyed the strong. As the richest man in Asia, Xia Jingxing is still very prestigious in the eyes of this group of Japanese, and the salary offered by Xia Jingxing is very high. Following Xia Jingxing, this group of Japanese did not have much resistance. People with resistance will not come to Singapore either.

"The cooperation between Suiren lithography machine and Xinxin Group and Fuxing Semiconductor will be further strengthened. Now the lithography machines of these two companies are in great demand, and Suiren lithography machine must meet their needs as soon as possible, especially in terms of technology. needs.”

   After Xia Jingxing finished speaking, Taro Nakamura hesitated for a while before reminding in a low voice, "Mr. Xia, if all the orders for lithography machines from Xinxin Group and Fuxing Semiconductor are given to us, will they offend Asmail?

  If our high-end lithography machine is not developed, and Asmar refuses to sell high-end lithography machines, the advanced process technology pursued by the two companies will be greatly affected. "

  Xia Jingxing glanced at Taro Nakamura, he didn't expect the old man to think of this level.

   In fact, he has also considered this hidden danger, but if he wants to pin all his hopes on Asmail, it is impossible and unreliable.

   "This problem, you don't have to think about it for the time being, we have a solution."

  Xia Jingxing smiled, "Bay Electric, Samsung, and Intel are all shareholders of Asmail, and their companies have formed a strong business alliance.

  As a challenger to the existing order of the semiconductor industry, it is very difficult for us to make a breakthrough under their blockade.

   But there are some things that we have to face all the time, and escaping is not the solution. "

   Hearing this, Taro Nakamura frowned even deeper.

   Even for the richest man in Asia, it is difficult to play the semiconductor industry.

   But since he chose to join the Fuiren lithography machine, he will not be afraid to fight Asmael again.

   Last time, as a member of the Nikon lithography machine, he was defeated.

   Can you win this time?

   may only hope for new technological breakthroughs and market changes.

  …

  …

   After inspecting the Suiren lithography machine, Xia Jingxing came to the Singapore branch of the domestic holding company.

  Although this is only a branch company that was just established this year, it is responsible for developing the entire Southeast Asian market.

   Even Zhang Yong, CEO of Haihai Holding, came to Singapore two days ago to sit in and prepare to launch an important "battle" here.

Sitting in Zhang Yong's office, Xia Jingxing crossed Erlang's legs and fiddled with his mobile phone casually. After a while, he asked, "Is this the final release version set by Zhang Dalong? It seems that I also referenced some of Watsip's work. Function."

   Zhang Yong said with a smile: "You mentioned Watsip to him over and over again, and he naturally has to put more effort into researching this company.

   But it is not a complete copy. In his words, it is to study the usage habits and preferences of overseas users. "

  Xia Jingxing nodded lightly, "Yes, the foreign market is very different from the domestic one, and WeChat can't just be an overseas copy of WeChat, it needs to be transformed."

   Zhang Yong smiled lightly, "He just doesn't have much confidence right now, he's afraid that WeChat won't be able to open up overseas and betray your trust."

  Xia Jingxing shook his head, Zhang Dalong is too sincere, everyone else completes the task with a ticket, but he gives you "no confidence".

   "His mind is too dead, whether he can succeed or not, we won't know in a few days.

   If you have time to worry, why not come to Singapore and take a look. "

   Zhang Yong said: "He originally wanted to come, but I persuaded him to go back."

   Facing Xia Jingxing's puzzled eyes, Zhang Yong explained, "Speaking of 10,000 and 10,000 yuan, the domestic market is our foundation, and I prefer his captain to stay in the country.

   Since the PC version of WeChat was released at the beginning of this year, Penguin has reacted very strongly, thinking that we are attacking their core market.

  Ponima has repeatedly declared in public that the penguins are not afraid to compete with any opponent.

   In fact, Bonima is very panicked now, I heard that he often goes to Hong Kong to raise financing recently.

  Look at this, I want to replenish ammunition and fight a big battle of life and death with me. "

  Xia Jingxing smiled slightly, this reaction of Bonima was basically what he expected.

   Domestic holdings have all begun to enter the instant messaging market. It would be surprising if Ponima could still sit still.

   But he won't give Pony Horse any chance this time, and he has secretly made up his mind to defeat the penguin in one fell swoop.

   He even named his new yacht the Penguin, which means stepping on penguins.

   "I'm wondering now, what was the reaction of Ponima when we released the WeChat mobile app?"

   Zhang Yong said with a dignified expression: "Maybe you will be cornered. If you don't stand up and resist, you will only be ravaged."

  Xia Jingxing smiled, "Rise up and resist? The big move I prepared for him is more than one WeChat."

   Zhang Yong glanced at Xia Jingxing and didn't ask any more, but he guessed that the boss must have prepared some wicked tricks.

   "Okay, let's not talk about Bonima, I will go back to fight with him in a few days, what tricks he has, I will follow."

  Xia Jingxing slowly suppressed the smile on his face and said sternly: "What do you think about WeChat's launch in the Southeast Asian market?"

  “The smartphone coverage in this region, except for Singapore, is still a bit lower, even lower than in China.

  I think we should focus on winning the Singapore market, and then spread to neighboring countries. "

  Xia Jingxing nodded lightly and asked, "Are there any more?"

   "The Japanese subsidiary has almost been established, and can follow the Singapore market closely. With the help of a local snake like SoftBank, the promotion should not encounter any resistance.

   What I am really worried about is the Banguo market, which is not going well at the moment. "

  Xia Jingxing looked up at the ceiling and thought quickly in his heart.

  Since they have already cooperated with Softbank in the Japanese market, do you want to cooperate with Samsung in the Bangguo market?

   In addition to successfully knocking on the door of the Bangguo market, this move can also be used as a smoke bomb to paralyze Samsung and ease the increasingly tense relationship with each other.

   As for the future breakup, what should I do? You can ignore it for the time being, anyway, it's just a shot at Bangguo.

   (end of this chapter)