My Age of Investment

   Chapter 1021

  Xia Jingxing gave a detailed introduction of the fund's situation, and everyone expressed their opinions.

  "200 million out of my side!"

  "I'll give out 200 million too, Jingxing, don't think the money is too small, brother, I only have this kind of ability."

  "This is a good thing that benefits the country and the people, and it is also a grand event that semiconductor practitioners have been longing for. We also invested 200 million."

  ……

  Hanergy, Cyberspace, Capital Today, DCM, Northern Lights and other five institutions have generously donated. Each institution expressed its willingness to invest 200 million yuan, and the five totaled 1 billion yuan.

  This figure is exactly the same as last year's investment in Renaissance Semiconductor. In all, every institution bet on semiconductors of 400 million yuan.

  This is not a small number for the five venture capital institutions. Among them, there are not only trust in Xia Jingxing, but also some feelings of a technological power.

  At present, the valuation of Internet companies has doubled several times a year. Compared with this, semiconductors are not very good investment targets.

  Although several institutions have not invested much, Xia Jingxing is already very satisfied.

  He is not short of these eight billion eight billion. The reason why he has attracted several organizations to play together is that he hopes that everyone can gather firewood and concentrate all kinds of resources as much as possible to develop the semiconductor industry.

  Like Deng Feng, he is very prestigious in the Tsinghua Chip Help. Helping to appeal and introducing various projects is a matter of hand.

  "Huashan Capital has just been established and its scale is relatively small. Let's invest 100 million yuan."

  Chen Datong started late in his career. Spreadtrum only completed the listing last year, and his background is a bit worse than others.

  Xia Jingxing nodded to Chen Datong. This technologist is also the master of die-hard chips, and he invested in innovation and excellence. His previous work in the field of chip investment was also impressive.

   Wu Ping said: “Spreadtrum has not had much surplus funds shortly after its listing. I will also subscribe for 100 million yuan on behalf of the company. If the financial report is good in a few quarters, we will invest more.”

  Xia Jingxing smiled and nodded towards Wu Ping, and then looked at Wang Jingbo, who had not yet expressed his opinion.

  "Mr. Xia, the investment period of the Renaissance Industry Fund is too long, I am afraid...sales are a bit difficult."

  Xia Jingxing frowned slightly. At this time, private equity funds have only recently emerged. Many rich people have never heard of this kind of financial product, let alone understand that they have all their money to speculate in real estate and stocks.

  "You can sell as much as possible here. Make a good start first, so that wealthy individuals will gradually understand and trust private equity funds, and strive to introduce more social funds into the venture capital industry and semiconductors in the future."

  This is the truth of Xia Jingxing. Although the United States also has various operations on Wall Street, it is still much easier to raise funds in the venture capital industry compared to China. Personal angels are also very popular.

  A prosperous venture capital environment can encourage more start-ups to grow up, solve more jobs, and provide more taxes. This is much healthier than social funds going to real estate speculation.

   Hearing that Xia Jingxing did not force the sales target, Wang Jingbo was relieved. If the other party gave a sales target of 1 billion or 2 billion, she really couldn't take it.

  But she still answered beautifully, saying that she would do her best.

  The meeting was settled, and the meeting ended soon. Everyone else left. Fu Jixun and Deng Yuanjun stayed.

  Deng Yuanyun said happily: “Mr. Xia, excluding Noah’s wealth, we have received a total of 8.2 billion yuan in investment commitments, and the entire fund is equivalent to 8% of the raised.”

  Xia Jingxing nodded lightly, "Okay, let's hurry up next, and the other more than 90 billion will be in place soon."

   "Okay, I'll go busy first."

  Deng Yuan left the conference room with a smile, and the more he thought about the 100 billion fund, the more excited he became. Although this is not his money, he can control it. It is also very powerful. He has reached a new peak of his career.

  Fu Jixun's mood was a little bit depressed, but he still smiled forcefully: "Mr. Xia, I will do my best to cooperate with Mr. Deng in the follow-up."

  Xia Jingxing waved his hand gently, "I know you may have some complaints in your heart, but this arrangement also has my own intentions."

  "Mr Xia..."

  Fu Jixun wanted to explain, but was stopped by Xia Jingxing’s wave, "You are a Singaporean, have you ever wanted to go back to work in Singapore?"

  Fu Jixun's mind is turning fast, what does this mean?

  Is this letting oneself open up the Southeast Asian market? Or exile?

  Fu Jixun became a little apprehensive, and he did not make a mistake. Even if the 100 billion fund flew away, he would at most mutter a few words in his heart, and he never hindered his actions.

  Xia Jingxing didn’t let him guess for too long, and soon revealed the answer: "Dare to take charge of the PE fund?"

  Singapore, PE funds...Semiconductors!

  Fu Jixun felt like a flash of lightning flashed through his mind, and he was happy and said: "Mr. Xia, do you want to set up a fund to invest in semiconductors in Singapore?"

   "Yes, but it's not a financial investment, but a holding-and-acquisition PE fund."

  Xia Jingxing smiled and looked at Fu Jixun. If he only wants to make money, there are so many investment opportunities, why should he invest in semiconductors with slow results.

  Therefore, the PE fund he set up in Singapore will not do financial investment. The hands-on must be acquisition and resource integration.

  Fu Jixun made something interesting and asked: “Mr. Xia, you want to use Singapore’s geopolitics to bypass the blockade of advanced technology and review of acquisition procedures.”

  Xia Jingxing snapped his fingers, “That’s right, Envision Capital will next consider setting up a US$10 billion PE fund to specifically acquire overseas semiconductor industries, and then integrate them together in Singapore.”

  Fu Jixun frowned and said: “Singapore has paid less attention to manufacturing in recent years. It used to insist on an industrial structure with a manufacturing ratio of not less than 25%. In recent years, it has begun to focus on the development of IT and finance.”

  Xia Jingxing nodded slightly, “I know that there are signs of this, but the semiconductor industry is still one of the two pillar industries of Singapore’s electronics industry, accounting for 58% of the electronics manufacturing industry.

  The proportion of Singapore’s semiconductor production capacity in the global market has increased from 6.3% in 2001 to 10.2% in 2007. The trend is not very fast, but it is rising anyway.

  Furthermore, according to the information, there are more than 300 semiconductor companies in Singapore, from North America, Europe, Japan and other regions.

Including 40 IC design companies, 14 silicon wafer fabs, 8 special wafer fabs, 20 packaging and testing companies, and some companies in charge of substrate materials, manufacturing equipment, photomasks and other industries. The industry chain is very complete. . "

  Fu Jixun nodded, "If you want to say that, Singapore has accumulated a lot of semiconductor assets in the past few decades.

  Since the 1960s, foreign manufacturers have started to set up packaging plants in Singapore.

   Then in the 1980s, HP moved its chip design center and manufacturing plant, followed by ST STMicroelectronics, Texas Instruments, AMD, NEC and other companies to set up factories.

  In the 1990s, Singapore launched a semiconductor industry development fund with a scale of S$2 billion.

In order to create a good investment attraction environment, the EDB Economic Development Bureau also provides personnel for foreign semiconductor companies that come to Singapore to invest in the planning and evaluation before investment and construction, to the acquisition of water, electricity, and land in the construction of the factory, and then to the completion of the project. A series of assistance such as recruitment and long-term financial planning.

  Because of all the above, Singapore’s semiconductor industry has finally developed, and it is known as an industrial center and bridgehead in Asia for the global semiconductor industry. "

Xia Jingxing smiled. Singapore's investment promotion policies can see many shadows of domestic science and technology parks, or more accurately learn from Singapore. In the past few years, China often sends large-scale civil servants to Singapore to study management economics. , Public management, "Mayor Class" is even more famous.

  In recent years, the domestic investment attraction has been very impressive. If it were not because of the technology blockade, the gap between semiconductors should be able to narrow the gap with the international leading technology.

  "Do you know the people from Temasek and GIC Singapore Government Investment Corporation? Or know the officials of the Economic Management Bureau?"

  Fu Jixun smiled, "Mr. Xia, you forgot, I left HP headquarters that year, and after returning to Singapore, I worked as a civil servant for the National Science and Technology Bureau for several years, responsible for the investment promotion and business incubator of the science and technology park.

  Many of the colleagues who worked together in the past have been promoted and transferred to the three institutions you mentioned. "

  Xia Jingxing suddenly remembered that the other party was the Asian department of DFJ, who only joined later, and was then sent to China to open up the market. As a result, the first investment project in the venture capital's career came across Baidu, and he became a god.

  "That’s good, you can take the time to go back to Singapore, talk to your old colleagues, and learn about the latest policies in related industries.

  When you finish the front stop, the work in the U.S. office should almost come to an end. At that time, we will raise a tens of billions of dollars in PE funds and let you run them? "

  Looking at Xia Jingxing with a smile on his face, Fu Jixun had a feeling of being hit by a pie. This happiness came too suddenly, Liu Yinhua was another village!

  (End of this chapter)