Chapter 563 Acquisition of Fuda Microelectronics(1/2)
Author: Linjiangxian
Everyone entered the company office and sat in a circle. Cao Guoxing made a pot of tea and took some red melon seeds and a few packs of cigarettes.
Shi Lei gave Lu Yiming a cigarette, and Lu Yiming politely said: "Senior, I don't smoke."
Shi Lei took advantage of the situation and put the cigarette in his mouth, flicked the lighter, lit it gracefully, took a deep breath, exhaled a burst of smoke, and then said: "Oh, it is so difficult to make chips these days. Not only are the technical requirements high, but also the financial aspects
It’s been woefully inadequate.”
He said this deliberately to Lu Yiming. After all, the richest man was right in front of him. How could he not cry about being poor now?
Lu Yiming came here also for investment, and the two parties hit it off immediately.
Lu Yiming said directly: "I can't solve other problems. I can only rely on you scientific researchers to solve them one by one. But if it's a money problem, I think I can still solve it."
Everyone couldn't help but be overjoyed, especially Shi Lei, who had been worried about money before, and couldn't help but ask: "Mr. Lu, do you plan to invest in our Fuda Microelectronics?"
After all, rumors are rumors and should not be taken as true. Previously, Cao Guoxing said that Lu Yiming might invest in Fuda Microelectronics, and everyone just regarded it as a speculation. But now that Lu Yiming has said it himself, it is most likely true.
Yu Jun was worried that Lu Yiming was just hot-headed, and would clamor to withdraw investment after ten days and a half without seeing results. They couldn't bear this, so he reminded: "You have to think clearly, our Xia country's chip industry
It is still very backward, and it is impossible for this project to make a profit in a short period of time. The scale of investment in chips is slow and the results are not as good as fast-moving consumer goods."
Although these words are very suspicious of dissuading investors, since they dare to start losing all their belongings to engage in chip research and development in this era, it can only prove that they really have a true love for this industry. Moreover, Lu Yiming is the youngest richest man in China. In the future,
The potential is unlimited. Now I can get an investment from Lu Yiming with my eloquent words, but what about the follow-up?
If Lu Yiming wants to continue investing in the future, he has to be open and honest at this time, and everyone must put all the conditions on the table for negotiation.
Lu Yiming knew this very well and immediately said: "Don't worry, I have already made plans not to make a profit for ten years. No matter what, the semiconductor industry cannot be without the voice of our Xia people."
Hearing what Lu Yiming said, everyone at Fuda Microelectronics was very happy.
"Mr. Lu, no wonder you can become the richest man in the mainland at such a young age. No one can match your vision."
"Mr. Lu, Xia Guo is so lucky to have an entrepreneur like you."
Lu Yiming waved his hand and said with a smile: "Okay, everyone, don't say flattery. We are all science and engineering men, and we don't care about that. Can I go to your laboratory and have a look?"
It has to be said that as a start-up company, Fuda Microelectronics has demonstrated the word "poverty" vividly. If nothing else, the office in front of you must be the best one that can be used to receive the richest man.
But this office is only thirty square meters at full cost. Once the coffee table and sofa are placed, it is really difficult to even turn around.
However, the ambitions of the group of people in front of them are not small at all. They are bent on making domestic chips and breaking the foreign monopoly in the semiconductor field.
With this great ambition, he has already surpassed the vast majority of mediocre people in this world.
Lu Yiming admires them from the bottom of his heart and is willing to invest in their dreams.
"Let's go, Mr. Shi and I will take you there." Yu Jun stood up and said.
Yu Jun and Shi Lei took Lu Yiming to the laboratory.
Compared with just now, Yu Jun seemed much more enthusiastic at this time. While showing Lu Yiming around, he patiently introduced it to Lu Yiming: "Mr. Lu, the chip industry is roughly divided into four links - design, manufacturing, and packaging.
and testing. Depending on the link involved, the business models in the industry can be roughly divided into IDM, Fabless and Foundry OEM models."
"Among them, the IDM model integrates the entire chip industry chain and is able to independently produce chips with large capital investment and high technical threshold. It is asset-heavy. The Fabless model is relatively asset-light and is only responsible for outsourcing chip design, manufacturing, packaging and testing supply and demand."
Speaking of this, Yu Jun sighed helplessly: "Our Fuda Microelectronics team was limited by its starting base, so it chose the Fabless model from the beginning. It is mainly engaged in chip design and testing services. In the current revenue structure, other
The proportion of design-related income has remained at around 90%.”
Finally, Yu Jun revealed to Lu Yiming the confidential project currently being developed by Fuda Microelectronics.
"This is the "Shenwei No. 1" that we designed completely independently. This high-performance embedded 32-bit microprocessor, once developed, will definitely hit the highest level of domestic CPU development at this time."
Although it is still in the prototype stage, Lu Yiming is already very satisfied. After all, it is still 2000 and there is still a chance to catch up. Although this is a road paved with thorns, Lu Yiming has no intention of looking back. Just because of that sentence "
Far ahead”!
Lu Yiming asked: "What is your current funding gap?"
Yu Jun thought for a while and said: "Originally, according to the plan, Fuda Microelectronics planned to go public in Hong Kong and issue shares to raise 200 million as research and development funds."
Lu Yiming immediately said: "Working on chips, what's 200 million for? It's gone as soon as you open and close your eyes. I'll give you 2 billion."
"Two billion!"
Both Shi Lei and Yu Jun were shocked. When they founded Fuda Microelectronics, they scraped together and begged their grandfather and grandma to get six million. Now Lu Yiming wants to invest two billion in one breath!
It can only be said that in the mouths of rich people, money is really just a number.
However, before the two of them were happy, Lu Yiming said next: "I plan to spend 2 billion to completely acquire Fuda Microelectronics and completely privatize the company. I don't know if listing financing is a money trap, but once the consortium takes over
, Fuda Microelectronics is very likely to change hands. I don’t want everyone’s life-long efforts to be taken away by others.”
Facing Lu Yiming's request, both of them fell silent.
After all, this is their hard work.
Moreover, they don't know whether what Lu Yiming said is true or false.
Although Lu Yiming's words are clear and logical, he knows people and faces but doesn't know the heart. What if Lu Yiming is the one who comes to grab the fruit?
Shi Lei asked: "Is there no other plan? We are going public to raise money for research and development. Now that you are willing to invest, it is okay for us to postpone the listing. I think the acquisition is not necessary, right?"
However, Lu Yiming said firmly: "I think it is necessary. I want to ensure that the company moves forward according to the route I planned."
Yu Jun said with some dissatisfaction: "With all due respect, you are still a college student, and you are not engaged in semiconductors. How can you plan a route? What qualifications do you have to say that you are more proficient in this field than us?"
Lu Yiming said calmly: "What you see is the present, but what I see is the future. I know what the future needs. Is this reason enough?"
Seeing that the atmosphere suddenly became tense, Shi Lei quickly smoothed things over and said, "Isn't it normal for young people to have more ideas than us? What did you say, Lao Yu? But Mr. Lu, you said you know what is needed in the future, so what can you do?
Can’t we just talk about what we need in the future?”
Lu Yiming took out his PHS mobile phone and said, "Do you believe that in the future, mobile phones can do the work of computers?"
Shi Lei was stunned for a moment, then laughed dryly and said, "Well, I think you're a bit joking, right?"
Yu Jun said quickly: "How can a mobile phone do the work of a computer? Can the mobile phone surf the Internet? Can it play games? Can it write emails and program?"
Lu Yiming smiled and said: "Look, I said, I know what is needed in the future. Since the computer came out in 1946, it has only been more than fifty years, but the size has gone from the size of a factory building to the size of a briefcase.
.Then why can’t the future be as big as a mobile phone?”
Lu Yiming didn't say any more, and he didn't want the two of them to ask more questions, so he continued: "I am willing to give stock options to R&D personnel, but the ownership of the company must be firmly in my own hands. In this company, I want to
Let R&D personnel become the backbone of the company, and let thoughtful and capable people make a fortune. But the company must have the final say."
Although he admires Shi Lei and Yu Jun for their contribution to Xia Guo's semiconductor industry, in business, Lu Yiming is not very optimistic about their ability to run the company, and is even more afraid that there will be some equity disputes in the future, leading to the collapse of the chip industry.
Development is full of twists and turns.
Lu Yiming said frankly: "To be honest, the layout of the chip industry involves some of my subsequent business plans, so I will never allow any accidents to happen. What's more, investment in the chip industry requires at least tens of billions of funds, which will last more than ten years.
Instead of diluting the equity again and again, you might as well sell the company to me and continue to engage in research and development with the equity and funds."
"Ten billions? Ten years?"
Lu Yiming's ambition once again shocked the two of them. When they were still worrying about tens of millions of R&D funds, Lu Yiming directly proposed a scale of tens of billions, and would continue to invest for more than ten years. This is
Things they never dared to think about before.
Shi Lei asked urgently: "Mr. Lu, do you really plan to invest tens of billions in making chips?"
Their best budget is to hope that Lu Yiming can spend 1.8 billion to do this project. Previously, Lu Yiming said that he would spend 2 billion. Both Shi Lei and Yu Jun just thought that Lu Yiming was bragging.
After all, who doesn’t brag when doing business these days?
But now that Lu Yiming directly called out tens of billions of investments, they couldn't sit still.
After all, with tens of billions of funds, this bragging is a bit big.
Lu Yiming's face was calm, and he didn't seem to be bragging at all.
"I'm talking about less than tens of billions. If you really want to make something famous and catch up with Europe and the United States, according to my estimation, without hundreds of billions of funds, you can't even think about it."
In 2021, a total of 1150 billion chips were sold in the global semiconductor market, with the market size reaching US$556 billion.
In 2022, this number directly exceeded US$600 billion.
As the world's second largest economy, Xia's largest imported product is neither crude oil, known as industrial blood, nor mineral resources such as iron ore, but chips made of sand!
For chips alone, Xia State spends 240 billion U.S. dollars every year, a "huge sum" of about 1580 billion yuan!
A small chip contains a huge business.
If he spends 100 billion to make money from this market that exceeds one trillion every year, even if he only eats up the domestic chip share, Lu Yiming will probably wake up from his dream with laughter.
To a certain extent, Lu Yiming is more fanatical than Shi Lei and Yu Jun, and is more hopeful that the chip project will succeed.
Shi Lei said excitedly: "Mr. Lu, are you telling the truth? Do you really plan to invest 10 billion in the next ten years?"
Lu Yiming said: "This condition can be written into the contract. If I can't do it, I will return the shares of Fuda Microelectronics with both hands."
When Shi Lei received this affirmative reply, he immediately pulled Yu Jun aside and whispered: "I think the company can be sold to Lu Yiming. After all, Fuda Microelectronics is in our hands, and we can't get 10 billion R&D projects anyway."
funds."
Yu Jun said angrily: "Let alone 10 billion, we can't get it even if it's one billion."
Both of them are relatively pure scientists who are more inclined to explore in the research field than to start a company to make money. Otherwise, they would not be engaged in "promising" jobs such as chip research and development.
To be continued...