My Age of Investment

  Chapter 1106 Those who succeed in great things, fight for a hundred years, do not fight for a breath (Norns leader 310)

  Zhang Rujing laughed at himself: "In fact, Huaxin's fall into the field has a lot to do with my personal joy.

  When I was working at Texas Instruments, I helped the company build 9 factories in the United States, Japan, Singapore, Italy and other countries. I was praised by the industry. Everyone said that I was a “factory builder”.

  At that time, my father was still alive, and he asked me a simple and thought-provoking question: When will you go to the mainland to build a factory? "

Speaking of this, Zhang Rujing showed nostalgia, "To be honest, I had no impression of the mainland before, because in 49, when our family boarded the ship from Jinling Xiaguan to Kaohsiung, I was less than one year old at that time. A baby.

  But my father said that I was born in the mainland and our roots are also in the mainland. I think it’s right. I took my mother to Yucheng two years ago and took a look at the place where they had “fighted”. "

  Xia Jingxing said nothing, he had known Zhang Rujing’s parents.

Among the couple, the husband was a steel-making expert and the wife was a gunpowder expert. During the Anti-Japanese War, the two moved to Yuzhou, their companion capital during the war, as educated youths and technicians during the Anti-Japanese War. The military factory produced 90% of the heavy machine guns in China at that time. Isn't this more romantic and exciting than the anti-Japanese drama?

  "My father was already a colonel in the arsenal when he was 49 years old. He made weapons again, and he dared not stay on the mainland at that time.

  When he gets old, he thinks about falling leaves back to their roots every day. "

Zhang Rujing smiled, "At that time, I planned to build the first and second factories of World University Semiconductor in Wanwan, and the other third to tenth factories were built on the mainland. You should also know what happened later. Wandian bought it, and Zhang Zhong disagrees with my plan to build a factory in mainland China, so I will do it myself."

  Xia Jingxing nodded, "You can be regarded as inheriting the old man's will, and helping him realize his dream of returning to the roots of fallen leaves.

  I believe that after a few years, China’s chip history will definitely have your mark. "

   Zhang Rujing waved his hand, "I don't care about these, but the complex in my heart has always prompted me to build a local chip industry chain for the country.

  Whether it is the diamond-shaped industrial layout or the downstream extension for vertical industrial integration, it is advancing around this goal.

  It can only be said that I underestimated the funds required for this goal, underestimated the impatience of capital, and underestimated the turbulence in the shopping mall.

  In fact, I don’t need Gulf Power to kill me. As far as Huaxin is currently in trouble, I have to bear the main responsibility, and I should step down.

  But before leaving, I want to do something for Huaxin and keep the fire for this chip. "

   Zhang Rujing looked at Xia Jingxing with piercing eyes, "Mr. Xia, as long as you are willing to help, you can put forward any conditions you have, and I will help you implement them one by one."

  The other party was so honest, but Xia Jingxing was a little ashamed.

  He is still calculating the other side, and the other side has reached the height of preserving fire for the entire Chinese chip industry.

  But having said that, Huaxin is indeed the hope of the whole village. If Zhang Rujing had not built the factory in China according to his father's order, but built it in Singapore and Malaysia, then the development of Chinese semiconductors would be slower and more difficult.

   "In fact, many of your ideas, Mr. Zhang, coincide with me!"

  Xia Jingxing also decided not to be so "little", and decided to have a good talk with Zhang Rujing in an open and honest manner.

   "Oh? Really?" Zhang Rujing smiled, "Which way?"

   "Those who make great things, fight for a hundred years, don't fight for a breath!"

  Xia Jingxing said with a smile: "The backwardness of China's chip industry cannot be completely reversed by Huaxin. What is needed is the improvement of the overall industry level."

  Zhang Rujing slightly nodded, "Yes, although the slogan of global division of labor is now loudly shouted, those of us who are involved in sensitive industries know this is nonsense!"

  Xia Jingxing and Lin Xinhe couldn't help laughing. They talked for so long, and they heard each other's swearing for the first time. It was quite fresh.

  "We buy lithography machines and other manufacturing equipment, which require approval from others, and at the same time declare that they are not for military use.

  Why is Huaxin registered in the Cayman Islands? Why domestic certification is foreign investment is to get around these shackles.

  Because of this foreign investment status, we, Huaxin International, are the only manufacturer that does not enjoy domestic industrial preferential policies among all chip manufacturing companies in China. "

  Xia Jingxing smiled and nodded, "It turns out that you are the only one, now we need to add Fuxing Semiconductor.

  We are also regarded as foreign-funded enterprises, but as long as the factory buildings, technical personnel, industrial value and taxation are all in the country, we don’t need to care too much about this. "

  "Still care. If foreign capital intervenes, his fund has a duration, so there is a need to withdraw. This forces us to go public. Once we are listed, we have to pursue good financial reports.

  We do not have the financial strength and technical background of Samsung, Texas Instruments, and Gulf Power. If we want to catch up, we can only work hard to develop technology and build factories...

  And these inputs are transformed into the financial report, which is a pile of loss figures, which will cause the stock price to fall.

  Investors will distrust the management, and conflicts will erupt, which will affect the development of the entire enterprise.

  So, in a word, companies that focus on R&D investment and asset operations should not easily go public. "

  Lin Xinhe's face is hot, DCM, as an early shareholder of Huaxin International, has also forced Huaxin to go public as soon as possible, and has also raised various questions about the financial report.

  Xia Jingxing said in a deep voice, “That’s right. The listing opens up financing channels in the secondary market, but it also binds companies to their hands and feet. It’s not easy to go to corners and overtake.”

   Lin Xinhe suddenly interjected: “If it were not listed, where would the money be invested in the development of the chip industry, billions of dollars have already been invested, and it is normal for investors to demand returns.

  You can't invest tens of billions of dollars in a single brainstorm without requiring a listing and exit, right? Who has so much courage? "

  Zhang Rujing smiled and nodded, “This is also right, so I can only improve the operation level of the industry, accumulate strength a little bit, and then slowly plan for overtaking in a curve.”

  Xia Jingxing smiled and said, "How long will I have to wait? I wonder if Zhang Zong has heard of the Renaissance Industry Fund?"

   "I heard that the scale is as high as 100 billion RMB?" Zhang Rujing looked at Xia Jingxing very curiously.

   "Yes, and the duration of the fund is as long as ten years."

  Xia Jingxing still has no information to disclose, that is, this 100 billion fund, Envision Capital will invest more than 90 billion.

  Even if the duration is up and the invested company is not listed, Envision Capital can use its own funds to build an S fund to buy second-hand fund shares, allowing other external fund LPs to withdraw.

  In this way, the duration of the 100 billion fund is unlimited. It does not matter if you invest in a company for 20 or 30 years without exiting.

  My own money is so arrogant to spend.

  Zhang Rujing exclaimed: "For such a large-scale fund, President Xia is really bold."

  Xia Jingxing smiled and said: "I am not bold, but just like you, I hope to achieve industrial upgrading in my own way.

  Of course, I also have selfish motives, and there are quite a few. I don’t want the consumer electronics, home appliances and other products of Fuxing Industry to be stuck with chips. "

   Zhang Rujing laughed and said, "Mr. Xia, you are quite honest."

   "Many of the operating ideas of you and Huaxin overlap with us. In fact, Fuxing Semiconductor, Fuxing Industrial Industry Fund and Huaxin International can establish more extensive cooperation."

   Zhang Rujing looked at Xia Jingxing, his eyes narrowed slightly, "Ms. Xia, what do you mean?"

  "If I only hold 10% of the shares, I don’t like it, because I can’t exert influence on Huaxin International, and this company cannot withstand my investment of tens of billions or even hundreds of billions."

  After some trial and understanding, Xia Jingxing still stated his true purpose.

  No need to hide, he believes that Zhang Rujing understands his investment philosophy and will support him.

  Because it is the common dream and pursuit of everyone to make Huaxin International and the entire Chinese chip industry develop better.

  Sure enough, Zhang Rujing seemed to have expected Xia Jingxing's real purpose, and he was not surprised at all, and he was very calm.

   "Mr. Xia, are you really willing to make such a heavy bet for the chip industry?"

  Xia Jingxing felt that he was underestimated, and he didn't explain much, and smiled: "In a few months, the 100 billion fund will be officially closed. Then you can invite Zhang Zong to take a look at the bank balance."

   Zhang Rujing hurriedly said: "I didn't mean that, but your handwriting and feelings really surprised me."

Xia Jingxing smiled faintly, "China’s 1.3 billion people, it is impossible that all of them are Li Huangtai, Mu Zhixin and others. There are entrepreneurs like you who are adhering to the father’s order to build cores for the country, and there are also those who have spent their wealth to buy back aircraft carriers for the country. Entrepreneur, what do I do?"

  Zhang Rujing basically agreed in his heart, but decided to clarify some things in advance.

   "Mr. Xia, if Wandian keeps holding on to Huaxin, after seeing you become the master, it may become worse. Your investment risk is very high, so you have to think clearly."

  Xia Jingxing smiled openly, “Futukang’s Guo Taimin commented on his cousin’s cousin Zhang Zhong X’s sentence: Others want to play a hundred moves, but Morris (Zhang Zhong X) is in place!

  I like to compete with this kind of "national players" and learn chess skills with each other!

  The old man is almost 80. I just married a new wife a few years ago, and my body looks pretty tough. I shouldn’t mind if I am a late-student or not a martial artist. "

  (End of this chapter)