My Age of Investment

Chapter 1312: God core advancement

   Chapter 1312 Shenxin was born

   "I didn't mention it, just said that they will do their best to help Fuxing Semiconductor become a high-tech industry group with a complete industrial chain and international competitiveness in the next four years, and sprint to the world's top 500!"

  Deng Yuanjun looked at Xia Jingxing with a strange smile.

  The original boss sold Huaxin International's equity to Fuxing Semiconductor in order to make Magic Capital Industrial give up Dahan Telecom, which is also the official capital.

   One of the most important is to sign an investment memorandum with the Modu government, promising to invest 10 billion US dollars in Modu City in the next five years, indirectly driving hundreds of billions of GDP.

  The cowhide has been blown out, and the Modu government has always kept it in mind.

   The original agreement period was five years, but this year, that period has been shortened to four years.

  Xia Jingxing smiled and said, "Although they didn't mention it or urged them, they all remembered it.

   There is still the matter of the top 500, I was just talking about it, they actually took it seriously. "

  Deng Yuanjun said: "You have told the media that Fuxing Semiconductor will enter the world's top 500 by 2018 within ten years.

   Although you don't have a Fortune 500 company, no one takes your words as a joke. "

  Xia Jingxing was silent, digging a lot of holes for himself.

   Investing 10 billion U.S. dollars in Magic Capital is nothing. It is not easy for Fuxing Semiconductor to enter the world's top 500.

  It is very easy for the revival industry to enter the Fortune Global 500, just in the last year or two.

   However, Fuxing semiconductor technology is relatively backward, there is basically no overseas market, and the design, manufacture, packaging and testing are also low-end chips.

   At present, under the industrial system of Renaissance Semiconductor, Soc system-level chip design centers have been set up in Beijing and Silicon Valley, but the research and development progress is slow, and no official product has been launched yet.

   Spreadtrum Communications is also a chip designer, but its market share, industry status, and mastery of technology are far from comparable to Qualcomm and MediaTek.

   In addition, there is also a chip manufacturing factory in Modu. Liang Mengsong is in charge of management. At present, it has stably mass-produced chips, but it is far from being competitive and the yield rate is not high. Due to the lack of mastery of high-end process technology, it is now impossible to undertake orders for its own mobile phone chips.

   Huaxin International has not yet merged into the Fuxing Semiconductor system due to the fact that the lawsuit with Gulf Power has not officially ended, and is worried about causing new patent disputes.

   But even if it is incorporated, it is still insufficient in the mastery of high-end process technology.

   As for the last link of the three main links of chip manufacturing, the packaging and testing company, which was originally just an empty shell, has recently started recruiting employees to operate.

  The best and fastest solution is to acquire a mature chip packaging and testing company.

   In general, Fuxing Semiconductor Group's business, technology, and personnel are still scattered, and a large round of integration is needed to form combat effectiveness.

   But the layout of IDM has been initially formed, and the rest is to tinker and start again.

   There were still nine years before the set goal was achieved, and Xia Jingxing did not believe that he would not be able to accomplish it.

  In the previous life, after the entry of the National Integrated Circuit Industry Fund, China's semiconductor industry has made great progress, but more progress is made by fabless chip design manufacturers, and IDM manufacturers basically have no major breakthroughs.

   The reason for this is related to the large investment and long cycle of the construction of IDM manufacturers, and it is best to master the sales of terminal products.

  Chrysanthemum manufacturers have a big business, but they also dare not develop in the direction of IDM. This is an industry that will burn hundreds of billions of dollars and needs to gamble.

   In the end, even if you become an IDM manufacturer, you still have to face a bunch of thorny problems.

  The EDA software required for chip design, the equipment required for chip manufacturing, and the materials required for chip packaging and testing all rely on imports, and it is completely impossible to achieve 100% localization.

   For example, Asmail has more than 100,000 parts in a lithography machine, involving more than 5,000 suppliers, of which American companies account for 27%.

  At a time when the global industrial division of labor is becoming more and more clear, it is absolutely impossible for Fuxing Industry to establish 5,000 companies and make these companies the top in the industry.

   Only through investment, we can expand the width and thickness of the industrial chain that can be mastered.

   When these basic "specialized and new" small companies develop enough, the problem of stuck neck can be completely solved.

   Even so, it is not 100% localization, but the increase in the right to speak in China's technology industry, which can achieve a mutual check and balance effect.

  Xia Jingxing didn't talk to Deng Yuanjun any more, silently thinking in his heart how to take the difficult road ahead.

   Although it is quite disappointing, I cannot give up.

   What he has always believed in is the development principle of "there may be something if you do it, but there will be nothing if you don't do it".

   Of course, this is the confidence given to him by his huge assets.

   If he hadn’t invested in so many unicorn companies and went to the secondary market from time to time to make a fortune, he wouldn’t have such a firm belief now.

  The family business that the capitalists have spent their entire lives working hard to accumulate, and a few are willing to gamble.

  The car soon arrived at the Zuchong Road of Zhangjiang Hi-Tech Park.

   Spreadtrum Communications is located in an office building next to this avenue commemorating the famous ancient mathematician.

   As soon as Xia Jingxing and Deng Yuanjun got out of the car, they saw a group of Spreadtrum Communications executives waiting to greet them at the door.

   Deng Yuanjun was in charge of introducing, while Xia Jingxing shook hands with the group of people with a smile on his face.

   led the team to greet a middle-aged man with slightly bald hair named Li Liyou, the new CEO and president of Spreadtrum Communications.

   "Liyou is a Ph.D. in electrical engineering from the University of Maryland. He has worked in large companies such as Ericsson and Broadcom, and has extensive experience in mobile phone chip research and development and market expansion.

   Even though he is a returnee doctor, he is actually very down-to-earth.

   During this period of time, the company's business was not good. He, the CEO, personally led a team to Huaqiangbei to sweep the streets, crowded into a 20 to 30 square meter cubicle, and chatted with customers for a few hours. "

   In the face of Deng Yuanjun's compliments, Li Liyou was very humble and down to earth.

   "Spreadtrum's positioning is the low-end chip market, and merchants in Huaqiangbei are our target customers.

   I often tell everyone that the core competitiveness of Chinese IC companies is to bear hardships and stand hard work.

   In terms of technology, we are not as good as others. If we are still reluctant to endure hardship, then we can only eat dirt. "

  Li Liyou was quite humorous, which made the audience laugh out loud.

  Xia Jingxing looked at Li Liyou with a smile, he was very interested in this person.

   The other party in the previous life took over Spreadtrum Communications from Wu Ping, which can be regarded as being in charge of the defeated army, and was ordered to be in crisis.

However, after Li Liyou's drastic reforms, Spreadtrum quickly got rid of losses. From a small factory with an annual revenue of only a few hundred million yuan, it developed into the second largest chip design factory in China after HiSilicon, and ranked among the top ten chips in the world. Design business.

   Of course, this is inseparable from the banknote capabilities of Tsinghua Unigroup, which acquired RDA, but Li Liyou's talent is also worthy of recognition.

  After a while, Xia Jingxing and Deng Yuanjun followed Li Liyou to visit Spreadtrum Communications.

   "The company has always been supported by low-end GSM and GPRS services and blood transfusion TD services.

   Recently, MediaTek, Morningstar Semiconductor and RDA have launched a new round of price war, shipping at cost price or even lower than cost, which is constantly compressing our market share.

   Fortunately, the 3G license was finally issued, and the TD market finally saw the light of day.

   This month, China Mobile gave us a TD-SCDMA R&D contract worth RMB 90 million, requiring us to design a baseband chip with better performance based on the original TD chip. "

  Li Liyou introduced the business of Spreadtrum to Xia Jingxing while walking.

   Spreadtrum's main business is baseband chips, which are further divided into 2G/2.5G/3G (GSM/GPRS/TD-SCDMA) segments.

  The 3G business has not been able to produce output in the past few years, which has seriously dragged down Spreadtrum's financial statements.

  The GSM and GPRS business is the business that Spreadtrum has made money in the past few years, and it also supports Spreadtrum, but now it is facing a serious impact from MediaTek.

   MediaTek once occupied 90% of the market share in the mainland, leaving only some leftovers for Spreadtrum.

   Forced to make a living, Li Liyou, the dignified CEO of a US-listed company, can only accompany the owner of a copycat machine manufacturer in Huaqiangbei to drink and soak in the sauna, call each other brothers and sisters, and earn some hard money by sinking into the market.

Today, Spreadtrum has pinned all its hopes on the TD standard. If it can't make a beautiful turnaround with this domestic communication technology, it will be very dangerous, because the original old business is being eroded by MediaTek. pressing.

  Deng Yuanjun asked: "What process is planned for the TD chip?"

  Li Liyou answered in a straight-forward manner: "40 nanometers."

   Deng Yuanjun smiled bitterly, then looked at Xia Jingxing, who also smiled helplessly.

   This is the case. Fuxing Semiconductor and the parent group Fuxing Industry, and even the current business of its subsidiaries, are completely separated, and most of the manufacturing processes do not match, so orders can only be pushed out.

  Li Liyou noticed the helpless smiles of the two, and instantly understood something, and said quickly: "Mr. Xia, Mister Deng, this chip is still under research and development, and it is estimated that it will not be launched until next year.

   There is still time in between, and the manufacturing plants of Huaxin and Fuxing Semiconductor can catch up to see if they can improve the process technology to a higher level. "

  Deng Yuanjun smiled and shook his head, "Fuxing Semiconductor's factory currently only masters 90nm technology, Huaxin has mass-produced 90nm products in the past two years, and should be able to mass produce 65nm and 55nm products this year.

   As for 45 nanometers and 40 nanometers, it is estimated to hang next year, and it may have to wait until the year after. "

  Li Liyou said with some embarrassment: "Mobile will need it next year! If we can't deliver on time, we will be in breach of contract."

  Deng Yuanjun waved his hand, "It's okay, I didn't mean that, I just said that our manufacturing process is seriously behind the design process.

   Not only your baseband chips, but also the mobile phone SoCs designed by Fuxing Semiconductor. "

   The two took a peek at Xia Jingxing and found that the other's face was not very good-looking and seemed a little angry.

  Xia Jingxing really felt a little irritated. Liang Mengsong just started and didn't talk about it. Huaxin International, led by Zhang Rujing, has not concluded the patent lawsuit with Bay Power, which has caused the industrial integration work to be delayed again and again.

  Du TM Laiwan Electric, Lai Zhangzhong!

  Xia Jingxing cursed a few words in his heart, and then said to the two: "For the time being, let's fight each other, don't think about who to take care of."

   Li Liyou breathed a sigh of relief, he was afraid that Xia Jingxing would give random orders, if he lost market share, it would not be easy to catch up again, and it would be useless to burn money.

  Deng Yuanjun sighed slightly in his heart, the development road of revival semiconductor is destined to be extremely bumpy.

  Li Liyou went on to report: "When Wu Ping was in office, the company developed a 2.5GGSM communication standard SC6600L chip, using a 152nm process technology, and this chip will start mass production in the near future.

   The order of this business can be entrusted to Huaxin International, and they can eat it easily. "

  Xia Jingxing's eyes lit up, this is a "sacred core"!

   (end of this chapter)