Chapter 218 Sphere Semiconductor

Author: Banlou Yaofeng

Chapter 218 Sphere Semiconductor

Just when Qu Li was concerned about the legacy of Qimonda, an Infineon subsidiary that had not yet gone bankrupt, American Spansion Semiconductor found prospects through a financial company and sought to sell it.

"Spansion's NOR and NAND products target embedded applications such as automotive, industrial and telecommunications..."

Qu Li didn't hesitate when he heard this. This company is a joint venture between Fortis and AMD: an American company that designs, develops and manufactures flash memory, microcontrollers, mixed-signal and analog products, and system-on-chip solutions.

Although Spansion is the world's largest NOR Flash manufacturer, it has been losing money for three consecutive years and faces many strong competitors, such as Hengyi, a joint venture between Intel and STMicroelectronics, Toshiba, Samsung, Wanwan Licheng and many other companies.

competition.

"Don't worry about Qimonda, we will try our best to win over Spansion Semiconductor." Qu Li urged, NOR and NAND flash memory can be used in mobile phones, computers, and cars, so it has value.

Even without Qu Li, there are still domestic companies eyeing Qimonda. For example, Shandong Huaxin teamed up with Inspur to acquire Qimonda’s R&D center in Xi’an, and also packaged and acquired a large amount of R&D data. This became the foundation of Unisoc and Hefei.

Changxin and Yangtze River Storage.

Qu Li quickly obtained more detailed data from Zipso through Vision: The total amount of the asset list is US$3.8 billion, of which the total debt is nearly US$2.4 billion, and the interest on due debt is close to US$300 million. The revenue in 2006 was US$1.8 billion.

, now even if there is a subprime mortgage crisis, it will not be less than 1.5 billion US dollars.

This is both a crisis and an opportunity. If it is not full of difficulties, there is no room for them to intervene. Just like Infineon, if it is not about to go bankrupt, how can a Chinese investment institution covet the top high-tech companies.

"My idea has not changed, I won, but I have to find ways to reduce the risk." Although Qu Li doesn't know Spansion Semiconductor, he knows that his industry has great potential.

There is no doubt that Envision's colleagues will have to work overtime again. Spansion Semiconductor is going bankrupt. Whether it is an acquisition or a shareholding, including how to change the company, a decision needs to be made as soon as possible. If Spansion is really going to go bankrupt and restructure its debt, Envision

You no longer have control.

Glory, Vision Investment, fund-raising, and personal investment all come together in this cold winter, making people overwhelmed. Let Xiangjiang Investment and Vision Investment join forces to attack Spansion Semiconductor, and compete with Americans using Lehman in the United States.

The people of the country are good at making things happen.

It’s not difficult to turn CFO Chen Jingqiu into a permanent member in advance, squeeze out Zhou Shaoning’s management team, take over more Honor affairs, and just sleep at least.

On December 16, the Federal Reserve lowered the U.S. dollar benchmark interest rate to 0-0.25%, exceeding market expectations of 0.5%. What do you mean? This means that the United States has started quantitative easing, which means that the financing costs of American companies have been greatly reduced, which means that the global

The massive release of money means that the gap between rich and poor will become wider and wider.

Citigroup's stock price plummeted at the same time, and AIG faced the risk of bankruptcy. Wall Street was in turmoil, but Qu Li, who was aware of the development of the situation, knew that the most dangerous period of the subprime mortgage crisis was almost over.

“The Spansion Board of Directors agreed to our change of CEO and our weight-loss plan…”

The matter is one step closer. Qu Li did not expect that in just a few days, the board of directors of Spansion would make so many concessions. It seems that the matter has really reached a critical moment. What company can be the main body to acquire Spansion Semiconductor?

“A NOR semiconductor company called GigaDevice is short of money.” Deng Feng of Northern Lights

Qu Li soon met Zhu Yiming, the founder of GigaDevice. Their NOR chips were ahead of other companies' products in some aspects and they were an excellent company.

"Are you interested in acquiring Spansion Semiconductor?" Qu Li said when he saw Zhu Yiming.

"Sorry, GigaDevice doesn't have the strength right now." Zhu Yiming hesitated for a while and said.

Spansion Semiconductor's current share price is less than 0.5 US dollars, and its market value is less than 50 million US dollars. Of course, if it were to be acquired as a whole, it would definitely not be carried out at this price. Their shareholders are not that stupid.

"What I mean is that Envision will find a way to acquire Spansion Semiconductor, but this is an American company. I don't know how to turn it into a Chinese company. Can you teach me?" Qu Li is a good person who doesn't want to imitate.

It's not a good idea. I just want to recruit this team. What's there to be embarrassed about?

Under the introduction of Zhu Yiming, Qu Li met Jesses, the vice president of Moses Technology Company, whom he met in the United States. Although Flying Solo is a mess, it is a good opportunity for many people to cross class.

"After Vision takes over, Spansion Semiconductor will establish three major R&D centers in the United States, Japan, and China, and place its manufacturing base in China. It is equivalent to light assets overseas and heavy assets domestically. Your task does not need to be much, increase the national

The influence of people in Feisuo will enhance the domestic R&D strength, even if we break up in the future..." After Zhu Yiming agreed to join Vision and help him acquire Feisuo, Qu Li gave him this task.

Andrew's team designed a complex plan, including subscribing for old shares, convertible preferred shares, issuing convertible bonds, and spending US$300 million to US$500 million to complete the acquisition.

The advantage of doing this is that it allows AMD and Fujitsu to still have some thoughts and will not lose all their money. It will provide some assistance to Spansion and reduce acquisition resistance. In the event that Spansion goes bankrupt, the convertible bonds and preferred shares will be repaid.

Having a higher grade than common stocks can reduce losses.

The matter is not over yet. For example, the manufacturing center will be moved to China, various packaging plants, etc. will need to be re-planned, the need for investment and construction in the country will be increased, and local people will contribute money and efforts. Just like Hynix in Wuxi, it is the same routine.

Qu Li’s strategy is that after Vision controls Sphere and becomes a Chinese enterprise, it will use domestic funds to maintain its leading position in the field of NOR flash memory and at the same time increase investment in NAND flash memory. Honor may give priority to purchasing Sphere’s products, such as

SSD hard drive.

The general direction has been determined, and only some details are left, such as layoffs at Japanese and American companies. Qu Li does not need to worry about specific matters. Feiso's new CEO, Jesse, will take the blame. I thought that I could control everything by sitting in Beijin.

, Unexpectedly, Facebook’s Chinese CFO Gideon Yu flew to Beijin and asked him for financing again.

"It's impossible for me to raise funds at a valuation of US$15 billion, not even US$10 billion." Qu Li didn't make any detours this time. He was really too busy and was really responsible for the specific practices of Honor. He found that he still had a lot to learn.

.

"No problem, we can negotiate the specific price." Gideon Yu was very talkative.

"..." Qu Li didn't know how to reply. Investing in Facebook will definitely make money, but you can just buy its shares directly, and it's more free and flexible.

"How much do you need?"

"It would be better to have 200 million US dollars." Gideon Yu listened to Zuckerberg directly.

"I want to get a board seat at Facebook for Lu Qi, executive vice president of Yahoo, who is the CEO of Jumeixin." Qu Li thinks the price is acceptable.

"I need to discuss it with Zach."

"If he agrees, I only need 2% of the shares for US$200 million, otherwise the price will be negotiated separately. Oh, and also, I want to acquire old FB shares and increase my shareholding ratio to 3%." Qu Li added his shares in one breath.

After making the request, if he doesn’t accept his funds, then he will wait for the Russians to rescue him. The problem is that Qu Li knows that FB has a choice, but does Zuckerberg know?

"I'll go back and talk to Zach right away. I think it's not a big problem. Funds..."

"The problem of funds is not big. It can be paid in one go." At this time, Qu Li was so poor that all he had left was money.
Chapter completed!