After hearing Zhuang Jianye's words, everyone present was a little unbelievable.

It’s no wonder that the domestic capital market is still not perfect, and various information disclosures are not timely. Are there any auxiliary query systems such as Tianyan Check? The company’s intertwined investments and cross-shareholdings, not to mention the presence of those focused on technology, Industry and military experts and leaders.

That is, if the industrial and commercial sector does not conduct a comprehensive investigation, it will be difficult to know the complex cobwebs between companies.

Because of this, the attention of the outside world to China’s take-off for so many years is more about several major reorganizations and business adjustments; the rollout and installation of large transport aircraft and large regional passenger aircraft, as well as Zhuang Jianye wearing gray T-shirts and blue jeans every year. Standing in front of the huge PPT projection, shouting suffocating dreams!

As for the capital layout of China Ascendas through its subsidiary Ascendas Investment, no one cares about how many affiliated companies it controls through various subsidiaries, shell companies and offshore trusts.

There is no way to do this. Compared with those big projects and big moves, China Ascendas bought a civilian optical equipment factory in the southeast coast is simply not worth mentioning.

What's more, the expansion and rate of return of Ascendas' investment in recent years have not been very satisfactory.

We must know that many companies that are not as strong as China’s take-off, after the establishment of investment companies, their assets are all rising up. After all, domestic real estate is in the ascendant, and all kinds of commodities are extremely popular, plus local financial institutions. The regulatory loopholes of these companies can make a lot of money through their own investment companies as long as they use their brains in these areas.

But Ascendas China seems to have stepped on the wrong rhythm in this investment wave.

In addition to helping China Merchants Bank control several local financial institutions and supporting two strong real estate developers, the rest of the investment is still focused on manufacturing, and the rate of return on investment can be imagined.

It is precisely because of this that there is a rumor in the investment circle that the investment of the first brother in the investment circle that year was just like that of the late old man, and it has long since passed away.

It is impossible for such an argument not to affect the trend of public opinion. Therefore, there has been little news of investment taking off in the market in recent years, so that people who do not know the insider think that taking off investment has already been on the street.

But I don't know that Ascendas Investment has not been idle in recent years, but unlike the so-called "value" investment in the ascendant in China, Ascendas Investment focuses more on the entire industrial chain and closed loops.

Especially with regard to the investment in chips, Ascendas Investment has spared no effort, relying on WHNB Integrated Circuit Manufacturing Co., Ltd. and WZNB Microelectronic Equipment Manufacturing Co., Ltd. (Group), two chip manufacturing and special equipment manufacturing entities, to build the entire chip industry The closed loop of the chain.

Especially after joining the World Trade Organization, Ascendas Investment took advantage of the deepening of globalization and the opening up of European and American markets. On the one hand, it introduced advanced technology and on the other hand it tapped high-value talents.

In the five years from 2002 to 2006, Ascendas Capital invested as much as 6.8 billion yuan in angel investment for high-end talents who returned from Europe and the United States engaged in chip industry chain entrepreneurship. Among them, there were three prominent startup companies, and Ascendas Investment led the investment successively. Three rounds.

Of course, most of these ended in failure, inevitably causing huge losses in China's take-off; but it is undeniable that through incubation and training, a number of high-end manufacturing companies in the chip industry chain with strong strength have long been established.

For example, a doctor who returned from the senior technical director of Texas Instruments to start a business in China, based on his own technology and patents, established a high-end etching machine equipment research and development center in China.

In the first few years, I basically lived on the funds invested by Ascendas. At one time, because the partners could not bear the long development cycle, they almost quit the street.

It was Zhuang Jianye who found the doctor himself, poured a few bowls of poisonous chicken soup, and found another teacher Ma who was trained by him as a role model, and led the third round of investment to the doctor, which allowed the company to survive.

Now the etching machine produced by the company has passed the test of WHNB Integrated Circuit Manufacturing Co., Ltd. (Group) Company and has been included in the supply chain. Based on this, TSMC, Samsung, and Intel have also thrown an olive branch, and the company has officially entered Up formal.

In addition, there are lithography machines. In addition to the 193-nanometer domestic optical technology produced by WZNB Microelectronics Equipment Manufacturing Co., Ltd., the Magic Electronic Instrument Factory, which Ascendas invested and participated in, has also begun to make efforts in this regard.

It's just that unlike WZNB Microelectronics Equipment Manufacturing Co., Ltd. (Group) Co., Ltd., which is purely domestic, Modu Electronic Instrument Factory follows the successful path of many enterprises in the southeast coast and follows the gradual development path of introduction, digestion, absorption and innovation.

In this regard, Ascendas Investment did not intervene in the decision of Magic Electronic Instrument Factory, but actively helped Magic Electronic Instrument Factory to integrate the supply chain, such as optical equipment in Germany, light-concentrating components in Switzerland, transmission mechanism in Italy, and France. Industrial control equipment, Japanese precision components, etc.

Cooperating with some domestically produced parts and components, Modu Electronic Instrument Factory launched its first 90-nanometer lithography machine in less than three years after the reorganization. Although it was branded as domestically produced, the internal localization rate was only a pitiful 15%.

In particular, the core components are almost 100% imported, not to mention, the relevant supporting suppliers also restrict the 90-nanometer lithography machine produced by Modu Electronic Instrument Factory, that is, these lithography machines that use European and American components are not allowed. Used in the production and manufacture of military products.

Ascendas Investment does not care about this. The reason for participating in the investment and restructuring of the Magic Electronic Instrument Factory and investing more than 5 billion yuan in this area, in addition to profitability, the most important thing is to set up an external investment for the huge investment in the chip industry chain. The window of communication.

After all, it is a fact that domestic semiconductors as a whole are inferior to Europe and the United States. Because of this, it is not necessary to build a car behind closed doors. Therefore, learning the principles of advanced equipment through component assembly, exploring other people's paths, component processing conditions and process scope, is still very good for improving its own domestic level helpful.

In any case, a large number of high-level engineers in WZNB Microelectronics Equipment Manufacturing Co., Ltd. (Group) have been able to see pregnancy at a glance, but they can also pass relevant equipment for many years. With the accumulated experience, the research of various components is inseparable.

The fact is indeed the case. Not long after the 90-nanometer "domestic" assembly lithography machine was launched at Modu Electronic Instrument Factory, WZNB Microelectronics Equipment Manufacturing Co., Ltd. (Group) Co., Ltd. has established a purely domestically-made 90-nanometer deep ultraviolet lithography machine. The prototype was assembled half a year ago, and it is now being tested by WHNB Integrated Circuit Manufacturing Co., Ltd. (Group).

Once completed, it will be incorporated into the manufacturing of chip-level rubidium atomic clocks, making it the most technologically advanced chip-level atomic clock in the world today.

No way, the 90-nanometer chip process was first applied by Intel in the Pentium 4 processor upgrade version in 2004. If the domestic launch of the second-generation navigation satellite is completed before April 2007, it will only be three years away from the world's leading level. To be honest, the gap is not big. As long as this rhythm is maintained, domestic semiconductors still have a chance to enter the world's first echelon.

It's just that the premise is to solve the money problem first!