Chapter 1526: One hundred billion burned down like this
After the activity, Wu Hao and the others took a short rest, drank morning tea, and then started working.
This will also be the first board meeting of Core Technology Co., Ltd. attended by all shareholders. In addition to shareholders like Wu Hao, this meeting also includes the management of Core Technology, namely Yuan Shouyi and others.
Wu Hao and others will listen to their relevant work reports at the board meeting and discuss and decide on some major company issues.
The meeting was held in the small conference room of Core Technology Co., Ltd., and the environment of this conference room was very good. It should be said that the environment of the entire Core Technology Co., Ltd. park is good. This park is located in a high-tech industrial zone in the suburbs.
A large park was also approved for them, with a total area of more than a thousand acres. In this park of more than a thousand acres, in addition to the office park, there is also the entire research and production park.
The construction of the entire park was rebuilt on an unfinished factory project. In order to keep up with the schedule, we chose to accept this unfinished factory project after many inspections.
This saved them a lot of time. They must know that if they re-select a site, it will involve a series of problems, such as the most time-consuming and labor-intensive problem of money, as well as land leveling and other issues, which will take a lot of time.
So in the end, after continuous on-site inspections and the strong recommendation of Shanghai’s local leaders, they finally took over this unfinished project.
For the local leaders of Shanghai, it is definitely a great thing that someone has finally accepted this unfinished project, which can also be regarded as a reuse of resources.
We hired a professional design and construction team to conduct a comprehensive inspection and evaluation of the building facilities in the unfinished factory area, and re-planned them based on the actual conditions of the factory area. Judging from the inspection and evaluation results, it is still very gratifying.
Most of the buildings are in very good condition and can be used completely.
Therefore, after retaining some available building facilities, the design and planning team then built relevant laboratories and manufacturing workshops according to relevant requirements.
In order to meet the deadline, the entire construction period was compressed very tightly. It only took seven months from the start to the completion of the construction. Including the subsequent decoration, it took a total of about ten months.
Yuan Shouyi moved the R&D team and company employees he had established from the rented building here, and immediately began relevant research work.
In the small conference room, Wu Hao and the others were lined up in front of the conference table, looking at the big screen in front of them, listening to the work report from Yuan Shouyi and the others.
In a work report that lasted for more than 40 minutes, Yuan Shouyi introduced Core Technology in detail from its inception to the entire research and development process and its final success, and then listed the challenges they are currently facing.
problem.
One of the core problems is the lack of money.
Regarding this issue, all the shareholders in the conference room seemed a little silent. The entourage sitting in the back row and the management cadres of Core Technology all held their breath and watched nervously the reactions of the shareholders sitting in the front row.
.
Facing the silent crowd, he was the first to break the calm. He looked at everyone present, then coughed and said: "Silence can't solve the problem. Now the problem is in front of everyone, let's talk about it.
"
How long has it taken? One hundred billion has been burned out. This is too fast. Li Feihong couldn't help but said.
Sun Shu, who was sitting next to him, said: "The photolithography machine research and development industry is a money-burning project, but burning 100 billion so quickly is indeed a bit..."
Sun Shu didn't finish what he said, but everyone understood what he meant. There was no doubt that he also felt that the speed of burning money was a bit too fast.
Tao Zhengyang, who knows something about this aspect, said: "Whether it is photolithography machine research and development or chip manufacturing, it is a very money-consuming industry, and this time we have entered these two major industries at the same time, with a total investment of 100 billion.
In fact, it’s not much, it’s even relatively small.”
Xue Bing nodded and said: "Indeed, whether it is the research and development of photolithography machines here at Core Technology Company or the construction of our factory in Shudu, they are all gold-swallowing beasts that spend money like water. Compared with other companies, our words are true.
There are relatively few.”
After hearing what everyone was saying, Wu Hao knocked on the table and said: "I think everyone should stop worrying about this hundred billion. It's already been spent anyway, so what can you do? As for where it has been spent, is it expensive?
If you have any questions, you can check the accounts or send a professional team to conduct an audit.
I think these are all fine, and these are the rights and interests of shareholders. What we have to discuss now is that we have no money, what to do now, and how to solve it."
After saying that, Wu Hao looked at Lao Ma and Xiao Ma. They had anticipated this and had always had backup plans.
After feeling Wu Hao's gaze, Xiao Ma immediately said: "The project has reached this stage. What can we do? We can only invest more. Everyone knows the development prospects of this project. I don't think it is necessary."
What worries."
You can't say that.
Liu Qixiang, who was sitting opposite Xiao Ma, said: "The development prospects of this project are very good, everyone knows it. But we also need to formalize the difficulties and problems that this project will encounter.
First of all, what we have to face is definitely pressure from the West and our strong rival Helan. They definitely don’t want us to have such a high-process 5-nanometer EUV lithography machine, and will do everything possible to target us.
I won’t talk about other aspects. I believe that everyone must know about those methods and have even experienced them." Speaking of this, Liu Qixiang glanced at Wu Hao and Tao Zhengyang, and then continued: "I will just say one thing, this
This is also what Western companies are used to. How do they relax control over our 5-nanometer EUV lithography machines and allow 5-nanometer EUV lithography machines to be exported to China? What should we do? Can we outcompete each other?
In addition, if the other party wants to suppress our 5-nanometer EUV lithography machine and thereby unblock the export use of your most advanced 3-nanometer and 2-nanometer chips, then how should we respond?
This project is good, but for us investors, the most undesirable thing is that we only see the immediate benefits and ignore the risks behind the benefits.
Therefore, I think we should make adequate preparations in this regard and further examine the risks involved in this project so as to face them rationally."
Liu Qixiang's words are correct at first glance, and there is indeed such a problem. But the core meaning of his words is still to refuse or oppose additional investment. For a veteran like him who has been in the capital market for many years,
What he has to do is to pursue the greatest interests rather than taking greater risks.
