ps: First of all, I want to confess. I have something to do today. I didn't expect to be busy until the evening. I didn't have time to code words. I only wrote more than one chapter. I worked overtime tonight and wrote another chapter. ∷∷, there will be nothing tomorrow, make up the codeword all day long! Readers are greatly forgiving............

For the company's ipo to be successfully listed, it will take months or even half a year to prepare. Roadshows across the United States, publicity of the company, and telling the public about the company's advantages and potential will increase investor confidence! ! During this period, ipo needs to find a suitable underwriter to cooperate and sell the stock!

For ipo, the role of underwriters is very important! As an "old fried dough stick", the underwriter has rich experience and can play a coaching role to help the company maximize its strengths and avoid weaknesses!

Generally speaking, when a company is preparing to go public, it is impossible for an investment institution or company to subscribe for your shares just by reading a prospectus of the company. In this process, some links need to be communicated, explained, and defended, and these require the underwriters to play a role!

The more underwriters, the more people will help sell the shares, which is very willing for a company that is about to go public! The more companies subscribe for shares, it means that this company is good and worth investing in!

Of course, some companies will take the initiative to come and subscribe for shares! ! !

And this kind of listed company is basically very powerful, and the shares will definitely be snatched by everyone after the listing! ! !

Just like Qualcomm! ! !

Qualcomm announced the next day that it would list the company. As a result, hundreds of companies around the world issued subscription requests to Qualcomm! At the same time, the top 50 investment banking institutions in the United States expressed their desire to be underwriters! ! !

The underwriters are naturally not doing it in vain. They charge a commission. The more successful the ipo, the more the underwriter earns!

The technology introduced by Qualcomm has become a wireless communication standard. Subsequently, the cdma chip was introduced. Make a big profit! Moreover, Transmenet is gradually becoming popular, and Qualcomm's influence is getting bigger and bigger, and its profits will rise! Obviously, once Qualcomm goes public, its stock price will definitely rise! ! !

Which company does not want to get a share of the money?

So, companies that want to be underwriters and companies that want to subscribe for shares are here...

Qualcomm's internal excitement is aroused, the company launched equity incentives, allowing employees to subscribe for some stocks based on their contributions and working years! After the company goes public. There will be many millionaires, multi-millionaires...

In the company office, Owen Jacobs is meeting with underwriters!

This time, all the underwriters that Irving Jacobs invited were banks.

In fact, banks are also the most powerful and qualified to be distributors. They have business dealings with many companies and understand the accounts of these companies! Not everyone can subscribe for stocks. First, the company must be rich, and secondly, it must be influential!

Nouveau riche buy your stocks and stock **** Buffett buy your stocks, can this be compared? Obviously not! ! !

This time Qualcomm plans to invite three banks as underwriters.

The first one must be Williams Bank. Serving as the main underwriter, the fertilizer will not flow to outsiders!

The other two banks are banks that have relatively good relations with Henry, one is Goldman Sachs and the other is Bank of America.

These two banks are very powerful banks!

The Goldman Sachs Group was founded in 1869. It is one of the world's oldest and largest investment banks, providing a wide range of investment, consulting and financial services to the world, and has a large number of multi-industry customers. Including private companies, financial companies. Government agencies and individuals!

Bank of America is a holding bank controlled by a California consortium, in terms of assets. It is the largest commercial bank in the United States. The establishment of the bank can be traced back to the Bank of Massachusetts in 1784. It is the second oldest bank in the United States!

Williams Bank is inferior to these two banks. If it were not for Henry's property, then the lead underwriter would not choose Williams Bank...

Owen Jacobs talked with the representatives of the three banks for a long time, mainly talking about some precautions for listing.

The listing of Qualcomm's ipo is "the first time the big girl gets on the sedan chair". Owen Jacobs and others don't know how to do it. Naturally, professionals need to come and give pointers! This talk is a whole day!

Irving Jacobs must not only prepare for the listing, but also prepare for the construction of a wafer factory.

Since the news of Qualcomm's application to be listed on the Nasdaq spread, naturally, it is not difficult to take the land to build the factory with empty gloves. After Qualcomm's listing and financing, there is money to pay, and it doesn't matter if you owe it temporarily! What's more, Qualcomm is a subsidiary of Cisco. The subsidiary has no money, and there is a parent company...

So Owen Jacobs chose a piece of land in Monterey County, California, and wanted to build a large fab!

Monterey County is located on the Pacific Ocean, south of the San Francisco Bay Area, and relatively close to Silicon Valley, one or two hours' drive away! The famous Pebble Beach Golf Course is located in Monterey County. After work, you can go golfing, which is not bad!

After Owen Jacobs delegated the listing to the employees under the company, he came to the California government and wanted to take this land! Because the administrative division of the United States is completely different from that of China, the president cannot control the governor, nor can the governor control the mayor. In San Jose, if you want to get land, you can go directly to the mayor. Monterey, on the other hand, belongs to a county in California and is not divided into cities. If you want to buy a large amount of land, you can only find the California government.

After Irving Jacobs said in the future, the California government did not think much about it and agreed to Qualcomm's request. Qualcomm's establishment of a wafer fab will play a significant role in promoting the development of California, which can increase revenue generation and provide a large number of employment opportunities!

Although Qualcomm does not have enough money to pay for the time being, Qualcomm has money to go public for financing...

Wafer refers to monocrystalline silicon wafers, which are refined from ordinary silicon salad. According to its diameter, it is divided into 4 inches, 5 inches, 6 inches, 8 inches and other specifications. The larger the wafer, the more silicon wafers can be produced on the same wafer, which can reduce costs, but requires higher material technology and production technology! ! !

The current mainstream technology level is in the 6-inch specification. In the 1990s, ~lightnovelpub.net~ South Korea was at the transition from 6-inch wafer fabs to 8-inch wafer fabs. With the capacity advantages of nine 8-inch wafer fabs, it replaced Japanese manufacturers and jumped to global dram memory in one fell swoop. The first in the industry!

Qualcomm wants to build a fab, of course, it is best to build an 8-inch fab directly! The establishment of a 6-inch wafer fab was obviously overtaken by Samsung...

Therefore, an 8-inch wafer fab must be established!

After the fab is established, of course, an assembly plant must be established at the same time.

The fab is called the front process in the semiconductor industry, and the packaging plant is called the back process in the semiconductor industry. Simply put, a fab is to produce silicon wafers and produce integrated circuits on monocrystalline silicon wafers. Then the packaging factory threaded it with pins and wires, packaged it and added the shell to make the finished product, ready to be used!

Generally speaking, after packaging, you still need to test, whether this product will work, what are the defects or need to improve...

At present, there are many companies specializing in chip testing in the world!

(To be continued.) u