Chapter 364 [Xiongxin Electronics]
In November, in order to have a closer connection with Costa ça, the two parties are discussing the wafer foundry and the brand Huawei Honor.
Today, Xu Zhijun came to the Science and Technology Complex, and also brought Yu Chengdong, another senior executive of Hua as the core floor. Because of the Honor brand, Hua decided to let Yu Chengdong, who is in charge of European business, come back to take on the task.
There is also a lady named Liu Yixuan, born in 1981. Unlike other girls, she yearned for being an engineer since she was a child, and she has always worked very hard in her studies. She graduated with a master's degree at the age of 23, which was in 2004. This year, Costa del Blue Company was just established, so she joined the company as an engineer.
It has to be said that there are relatively few female engineers in technology companies. Although Liu Yixuan is a woman, she is very capable. After joining the company, she entered the Costa delta of the Blue Lab and started semiconductor research. Now, with the company, she has come to this day. During her five years of work, her abilities have been improved and she has also been recognized by Luo Sheng.
She is still single at the age of 28. As a woman, she is about to go to thirty and can no longer be considered young, but as an executive of a large company, she is definitely considered young.
This time, in order to jointly establish a new company focusing on the field of chip wafer foundry, Luo Sheng and Hua reached a consensus on the negotiation results. This time, the leader's choice Luo Sheng will do it.
And he valued Liu Yixuan.
"It's called 'Xiongxin Integrated Circuit Manufacturing Co., Ltd.', referred to as Xiongxin Electronics for short." Luo Sheng suggested that the two parties were discussing the matter of the second joint venture.
Xu Zhijun and other representatives had no objection. The name of the person who did practical things was secondary. This name was also unexpected by Luo Sheng and he said it by the way.
No one objected, so the name was decided.
"I suggest setting the headquarters in Shencheng, because Huaxin International is in Shencheng." Yu Chengdong smiled, well, just like ordinary people open small shops to do business, the smell of opening diagonally opposite the other party is self-evident.
The main consensus was reached before meeting today, and the establishment of Xiongxin Electronics was of course very smooth.
The registered capital of this joint venture is RMB 15 billion, of which Costa 10.5 billion is invested in RMB 10.5 billion, accounting for 70% of the equity in terms of investment, while Hua invested in RMB 4.5 billion, accounting for 30% of the equity in terms of investment.
The business term is from November 2009 to November 2059.
Xiongxin Electronics will need to inject R&D costs in the future, and both parties will have to contribute capital according to the share ratio. If one party is unwilling to inject more R&D investment costs, the equity will be diluted in proportion.
This is the biggest difference from Lens Semiconductor. You should know that Lens Semiconductor's R&D investment is all made by one company, and Costa del Blue holds a 34% stake in permanently.
Nowadays, the Costa delle of the Blue is better than that of Huawei. Naturally, Huawei is unwilling to suffer a silly loss when he sees this situation. A huge company also needs to maintain profits, and R&D investment is really expensive.
Another difference is that Xiongxin Electronics is controlled and dominated by Costa del Azure, and Hua is the representative of the dispatched director, and the first head of the company is Liu Yixuan.
Moreover, Xiongxin Electronics does not have a privileged department such as the mobile processor division of Lens Semiconductor. You should know that Lens Semiconductor is dominated by Huan, but Luo Sheng has the final say in this department.
Xu Zhijun and Yu Chengdong stayed here for about two hours. After the specific consensus was reached, they also said goodbye and left.
Mr. Yu, who was responsible for leading Hua's business in Europe, was transferred back to capture the mobile terminal business group. Hua's first CEO is Yu Chengdong, which is a separate smartphone brand established by Hua's business, and its headquarters is in Pengcheng.
Xiongxin Electronics chose to land in Shencheng, and Luo Sheng would not all fall in Sucheng. Although Sucheng would be very happy, it would be unfavorable to the development of the local economy.
When his career is so big, he must also consider the balanced regional development. He cannot be too concentrated in the Yangtze River Delta Economic Belt or the Pearl River Delta Economic Belt, and not too concentrated in a single city.
Anyway, as long as you are at home, integrating the industrial chain will not be as troublesome as transnational supply chains. It can also promote economic flows in various regions and drive the overall economic development of the country.
Only consider the development of the company itself, and the scale is so small that it is okay, but if you reach the scale of 100 billion US dollars, if you do not consider the social feedback brought by the company, the final result will definitely be backfired.
The land prices in Sucheng are now rising rapidly. The biggest reason is that there are already several multinational groups with large giants here, which has given rise to the birth of the "land king".
Today, Sucheng is regarded as a quasi-first-tier city and a 1.5-tier city.
Bluestar Technology, Costa del Blue, Lans Semiconductor, Shengfeng Capital. The existence of these large companies is crazy about absorbing resources and nutrients from all over the world.
This has led to the "barrenness" phenomenon in the surrounding areas and the development has become increasingly uneven. The next door is very miserable because it is too close to Sucheng, and the two places are about 40 kilometers apart.
But all the talents went to Sucheng, which was really apart from each other, and the world was different.
Huawei's man left, but Liu Yixuan is still there.
"Mr. Luo, you chose Xiongxin Electronics to land in Shencheng. Do you want to prepare for the acquisition of Huaxin International in the future?" Liu Yixuan asked.
It is not unreasonable for her to guess. Today is November 3rd, and just the morning before, Huaxin International announced two major news.
First, the six-year litigation dispute with Fuji Electric ended. The two parties reached an out-of-court settlement and acquired about 10% of Huaxin International's shares. They have agreed to acquire these shares and comply with the restrictive agreement. Fuji Electric will not strive to enter the board of directors of Huaxin International or interfere with its daily operations. They only exercise shareholder voting rights on Huaxin International's proposal.
Secondly, Huaxin International has compensated 200 million US dollars, which is much less than the $1 billion that the outside world has speculated. Currently, Huaxin International has about $450 million in cash on hand, and its cash flow this year is also positive. This compensation will not cause a survival crisis for the company.
Third, Mr. Zhang, the head of Huaxin International, was forced to resign. In just one week from losing the case to announcing his resignation, Zhang Rujing signed the resignation documents, and at the same time, he also signed a competition agreement: From 2010, within three years, he will no longer be allowed to engage in chip-related jobs. For an old engineer who is already 61 years old, it seems that the end of his career.
Recently, there has been news that Mr. Zhang may be engaged in some charity or education work.
Almost just one day, Huaxin International, as the existence of the mainland wafer foundry industry, encountered three unlucky things in succession. From some perspectives, the company has lost its right to independence.
Luo Sheng turned his head and stared at Liu Yixuan and smiled: "You are not guessing that Huaxin International's recent turmoil has made me a contribution, right?"
Liu Yixuan smiled and looked at her and asked, "No?"
Before, when Zhang Rujing came to discuss business, he showed his intention to acquire Huaxin International. Although nothing was done in the end, it was not long before the Coast of Blue Sky spent a huge amount of money to acquire 7.2% of the shares of Huaxin International at a premium. Just now, the directors stationed in Huaxin International entered Huaxin International. Huaxin International encountered three unlucky things in succession. It was not unreasonable for Liu Yixuan to think so.
Luo Sheng withdrew his gaze and shook his head: "Of course not. If I could lift Jiji, the Americans would not agree. The Costa 10th Century Investment also complied with the restriction agreement. The dispatched directors only exercised their voting rights on Huajiji's proposal and could not interfere with its daily operations. The lawsuit between Huajiji and Huaxin International did not have any influence in me."
Speaking of this, Luo Sheng looked at Liu Yixuan and added: "Actually, even if Huaxin International wants to sell me, I will not accept it anymore. The equity here is quite complicated, and I don't know how many pitfalls there are, so it's better to touch it less. What I want is technology and talents. I'm actually going to arrange Xiongxin Electronics to land in Shanghai, in order to compete with Huaxin International for the few talents, and it will be easier to attract talents within Huaxin International. This is the essence."
"Apart from this, Huaxin International has nothing worth looking forward to. As for semiconductor manufacturing equipment such as lithography machines? We can buy it ourselves, and just find a**l to buy it. We now have a set of key semiconductor technology patents in our hands to exchange them as chips. We do not seek to obtain the most advanced lithography machine equipment, but lithography machines with 45-nanometer process can be exchanged through negotiation."
Liu Yixuan, who was listening, couldn't help but nodded silently. Once the 45-nanometer chip lithography machine equipment is in place, Xiongxin Electronics will become the first semiconductor company in the mainland to produce 45-nanometer processes, and can become the industry leader in the mainland.
Huaxin International's competitiveness will soon be in a lagging situation, because Xiongxin Electronics will also receive some technical support from Kuaiji Electric, including some cooperation in talent circulation.
Although Xiongxin Electronics and Fuji Electric should be a competitor in name, Fuji Electric will definitely not give out its special skills to the other party.
When a company grows to a scale of 100 billion US dollars, competition and cooperation exist at the same time. After all, in terms of wafer foundry, in addition to boosting the accumulated power, there is also Samsung and Intel itself.
Nowadays, cooperation with the Costa del Azure is so close and the interests are complicated. There is no need to break the relationship between the two sides in some minor details, not to mention that the current semiconductor industry market is too big.
It's really very big. Nowadays, companies have not considered the problem of overcapacity at all. It is true that the market can quickly digest how many chips you can produce, especially the soaring demand for chips in the Greater China market.
The overall scale of the chip market has not reached a bottleneck. You can eat thirteen percent full without snatching customer orders. You can’t just mess around just because you’re full.
However, it is not a good thing for Huaxin International. The competitive pressure brought by the birth of Xiongxin Electronics to it is definitely worse at this critical moment.
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Chapter completed!