Rebirth of the Official Business Route

Rebirth of the Official Road Business Chapter 1052 Financial pressure

Kumho's control. At this time, even if Zhongjing Microchip can only engage in medium foundry. But the profit is not low.

The decoding chip does not have high requirements on the wafer process. However, the core intellectual property rights are controlled by the three companies of Kumho Texas Instruments Goldberg. Even with price adjustments all the time. The shipping price of decoding chips is maintained at more than 20 US dollars per chip. Sinochip can at least make a profit of one dollar per piece of decoding chip foundry orders. w Novel chapters are updated the fastest

Flash memory chip market. Jin Toshiba Samsung three points in the world. All three are happy to enjoy the huge profits brought by flash memory chips. After Kumho completely digested the flash memory chip technology. In addition to meeting internal needs. Mainly supplies to Scooper. The rest of the market share is actively given to Toshiba and Samsung to digest. The global shipment price of flash memory chips with 3m storage specifications remains above US$60 per chip—so that the executive president of Sigao, Momo, gnashes his teeth every time he sees Su Jindong and other Kumhogao. Kumho's profits from flash memory chips are even much higher than the profits of ip1ayer's product sales-after all, ip1ayer's marketing costs for overseas sales are huge. The sale of flash memory chips has almost no additional costs other than manufacturing and research. Kumho's monthly sales of flash memory chips exceed 24 million US dollars. The gross profit rate should be higher than 60%. or even higher. w Fiction novel chapters are updated the fastest

Such a tacit cooperation. So that Samsung can still maintain rational restraint when the market is suppressed by Kumho. Sinochip can also get quite a lot of subsidized profits from the foundry orders of flash memory chips.

Only these two items. Compared with other wafer foundry companies, Sinochip can obtain at least 20 million US dollars in additional income every year, which is especially important for Sinochip, which is in the early stage of growth; this also makes Sinochip in the Survive under pressure in the early stages of growth. There is enough energy to make long-term continuous investment in the research and development of wafer process technology.

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After the private banquet at the home of Deyi Chief Executive Angie Bo. Zhang Ke, Chen Xinsheng, Liu Zhicheng, and others all returned to the hotel by car—Bertie left Delfaxi, vice president of TI, and Zhou Zhengqing, president of TI China, to talk.

According to the observations of the science and technology search department, the invention patent applications submitted by ess in recent times should be closely related to the baseband chip research. Del Fassie is not restrained in An Jibo's private house. Holding a red wine glass. Towering trees in the vast courtyard standing in front of the window sill. Talk to Angie Bo. It seems that Kumho has been planning to develop baseband chips since we accepted digital mobile phone manufacturing technology. I just don't know what step they have taken?

Zhou Zhengqing sat on the side without saying a word. My heart was strangely surprised.

Things that others are not responsible for in China. I really don't know much about some news. He didn't expect that Kumho would have the courage to start the baseband chip project. Not to mention that Samsung folded the baseband chip twice.

Even IBM has suffered a big loss after being defeated in the baseband chip; Kumho not only has the courage to start the baseband chip development project. And already on?

An Jibo said with a smile: Zhang. He is probably the most lively Chinese person I have met. He frowned slightly and recalled. I still have the first email he sent me on my computer.

Zhou Zhengqing said flatteringly, Mr. An Jibo, your email created Kumho at this time.

You can't say that. Angie shook his head. There is an old saying in the saying. what is it call**? An Jibo looked at Zhou Zhengqing uncertainly. If you want to rise, you must rise. Without that email. Maybe it just missed the opportunity of Deyi and Kumho.

Zhou Zhengqing wondered where Anjibo heard such an old saying in China. The meaning is still understandable. It's just that I can't figure out Anji's deep meaning. Seeing that he appreciates Kumho's success so much, is it because the 0.18-meter wafer manufacturing process is transferred to Sinochip this time?

Delfaci understands Angie Burth. He smiled and said: I'm afraid they still hide their heads and shrink their tails, so it's hard to judge...

Hear what Delfaci said. Zheng Qing understood a little bit.

Always focus on the development of high-end chips. Even if Kumho successfully develops a baseband chip. It is also impossible to pose any threat to Texas Instruments' high-end baseband chips. The real pain is those manufacturers who compete directly with Kumho in the terminal field.

If Kumho successfully develops mid-to-low end products with chips. Then Kumho's cost advantage in the low-end mobile phone market is too great - it is not difficult to imagine that it is not in the main high-end model markets such as Europe, America and Japan. Who else has the ability to completely suppress Zuohu?

How much has Kumho invested in technology research over the years? Zhou Zhengqing was thinking about this question in his heart. Shall we discuss this issue directly with Chen Xinsheng tomorrow? I have always been concerned about the province. Angie Bo and Del Fassie are not judging Kumho's progress on the baseband core at this time. If Kumho has successfully developed low-end baseband chips. Cooperation with Kumho in the field of low-end chip production. It is already a temptation that Deyi can refuse. Unless it is a complete let go of the low-end chip market. otherwise. Exchange technology for holdings. It is the best choice for Texas Instruments - Ruo Kumho is only half-baked in the research and development of baseband chips. It is even very likely to repeat the old path of manufacturers such as Samsung IBM. There is no need for Texas Instruments to stand up to the pressure of the media and the public and come up with the 018 micron wafer process technology.

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Inside the Hu International Hotel in Dallas. Zhang and Chen Xinsheng and Liu Zhicheng are also considering how to make Deyi make concessions. Of course, Texas Instruments will not fully show its technology cards.

Show your hole cards. Although it can persuade Texas Instruments to transfer its 018-meter wafer process technology, Texas Instruments will inevitably ask for more shares. At this time, Zhang Ke would rather spend cash to buy technology from Texas Instruments. I don't want to let too many shares of China Crystal Microchip fall into the hands of Texas Instruments.

At this time, Texas Instruments already holds 10% of the shares of Zhongjing Microchip. Kumho's shareholding in Sinochip is just above the holding money. The other shares of Sinochip are scattered in the hands of the Monetary Authority of Singapore and the management of Yunyuan Group. It is already the limit to let Texas Instrument's holding ratio reach 0%. I just don't know if 0% can satisfy Texas Instruments' appetite.

There is nothing for Kumho to give up absolute control, but the control cannot fall into the hands of foreign capital.

Introduce 025018m wafer process technology. There will definitely be another high-spec large-scale fab to be built. Compared to the first fab. The financial support from the central and local parties for Sinochip to build a second fab is relatively limited. A huge amount of more than one billion US dollars. Kumho should bear more than half of it. Kumho will also feel the pressure.

A total of two billion US dollars of funds have been raised before and after. These funds seem very large. It is not enough to cope with existing projects.

Nearly half of the pre-reclamation project for the 10-million-ton iron industry base has been completed. Next, Donghai United Iron and Steel and Dongshan Iron and Steel will formally merge, driving the construction of a 10-million-ton steel industry base. A large investment of 30 to 40 billion. Even if Kumho Commercial is only 0% of the shares. It is also necessary to solve the six or seven billion funds by itself. There is also the iron ore project in Perth, West Island. One billion yuan is just a bottom line.

Zhang Ke is not at all difficult to understand why Samsung owed nearly US$20 billion in foreign debt during the Asian financial turmoil in 1997-if Kumho had a chance. I don't mind having to owe $20 billion in foreign debt for expansion.

At this time, Kumho only hopes that the country will not be severely suppressed. It is not extravagant to expect that the state will provide strong support in financing. want to show. The problem of funds still needs to be solved by itself.

Zhang Ke participated in the judgment of the post-technology introduction stage and stayed in Dallas until the end of August. this period. ess also officially established the machine chip research team to hint to Texas Instruments that they have made critical progress in the development of baseband chips. No longer mind letting the outside world know about their baseband chip ambitions. Although the industry is full of doubts about whether Kumho can successfully develop baseband films. But this hint was made to Deyi.

Texas Instruments finally agreed to transfer the 025018m wafer process technology to Sinochip Microchip in the form of equity plus cash. The relevant wafer process technology license obtained by Sinochip Microchip. Texas Instruments increased its stake in Sinochip to 15% plus $50 million in cash. In addition, there are 5 stock subscription rights.

This is the first step. Yi also needs approval from TI's board of directors as well as US technology export regulators. It also needs the approval of the board of directors of Microchip; in addition, it will invest more than one billion US dollars in the country to build a wafer factory. It also needs approval from the Planning and Reform Commission of the State Council and other departments. After all the approval procedures are completed. This deal is considered established.

Although it is not clear whether things will repeat. There are still many things that need to be done urgently in front of Kumho. First, the two major shareholders of the Monetary Authority of Singapore and Yunyuan Group must be persuaded to agree to increase capital to build a second fab. One family didn't want to. Jin will have to bear an additional 100 to 200 million US dollars of financial pressure. Although the Monetary Authority of Singapore is full of funds. But after the Asian financial turmoil. Investing can also be daunting. Not necessarily willing to increase the capital of Zhongjing Microchip; Yunyuan Group is in the midst of industrial restructuring. Financial pressure is relatively high; in addition. The management team of Zhongjing Microchip Holding Co., Ltd. collectively does not contribute much funds; Texas Instruments does not mind injecting capital according to the shareholding ratio at that time. But Texas Instruments only holds 15% of the shares in total; the pressure of the other 85% is almost on Kumho's head.