My Age of Investment

The next day.

When Xia Jingxing walked out of Temasek headquarters with a calm expression, Fu Jixun, who was waiting outside, quickly got out of the car, walked up to him and asked, "Mr. Xia, how was the conversation?"

"Let's talk about it after we get in the car."

Fu Jixun quickly realized that this was not the right place to talk and followed Xia Jingxing into the car.

Xia Jingxing recounted the conversation he had with First Lady Huo Jing to Jixun.

After listening, Fu Jixun frowned and said, "No support? No objection? No participation? What does this count?"

"Is it possible that you still expect Po County to endorse the photolithography machine company?"

Xia Jingxing shook his head and said, "That's simply impossible. They have reached this point and can't ask for more."

Speaking of this, Xia Jingxing didn't feel too disappointed.

After all, Po County can develop to the point where it is today, but he is not stupid at all. Even if he offers a big bait of tens of billions of dollars of investment, the other party will not bite the bait.

In fact, Po County was already taking quite a risk by allowing him to move such a sensitive business as a photolithography machine.

Of course, today's lithography machines are not as sensitive as they will be ten years ago. This is evidenced by the smooth transactions of Canon and Nikon's lithography machine business and their smooth relocation to Singapore.

However, it is more difficult to relocate to the mainland. After all, this is an industry gap in the country and it is also a blocked industry with a "black agreement".

Therefore, even if he successfully acquired two photolithography machine companies, he could only arrange to place them in Singapore.

After looking at nearby countries and regions, Bangguo, Yizhou, and Japan, which are suitable for housing this industry, are not so friendly, so I can only choose Po County over the shortest ones.

The business cooperation between Po County and the mainland is very close, and the languages ​​​​are similar. It is also suitable for arranging mainland engineers to come to learn lithography machine manufacturing.

However, manufacturing lithography machines is not the most important thing. The most important thing is to cultivate the lithography machine supply chain.

Xia Jingxing has already made up his mind to set up a new fund when he returns to China to invest in and incubate some lithography machine supply chain start-ups.

This is actually not very efficient and is equivalent to moving ants, but it is the best solution at the moment.

Fu Jixun said: "Then we can only do it like this, take it one step at a time."

Xia Jingxing shook his head, stopped thinking about this troublesome matter, and started talking about Xinxin Group's financing.

"Mr. Huo has agreed that Temasek will soon work with Mubadala and Daxia Capital to fulfill this year's capital increase contract to supplement New Core Group's development and operating funds.

Your main responsibility this year is to protect this family and further integrate and digest all acquired factories and teams.

As for a complete showdown with Samsung, let's wait for a year and a half, don't rush it for a while. "

Xia Jingxing sighed slightly in his heart. Now he had no shortage of money at all. In fact, he couldn't wait to take action on the stick. However, being impatient can mess up big plans and easily cause trouble for other industries.

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A few days later, Mubadala’s investment representative and Mansour’s confidant Mubarak flew to Singapore and signed a capital increase agreement with Daxia Capital represented by Xia Jingxing and Temasek represented by Huo Jing.

According to the agreement, Mubadala will invest US$4 billion and Daxia Capital will invest US$2 billion, for a total capital injection of US$6 billion into Xinxin Holdings.

After the financing, the shareholding structure of Xinxin Holdings will change from 100% to 80% by Daxia Capital, with Mubadala holding the other 20%.

New Core Holdings will increase the full amount of the US$6 billion in financing it received to New Core Group, and Temasek will also invest US$1.5 billion to ensure that its shares are not diluted.

Therefore, the shareholding structure of New Core Group remains unchanged, with New Core Holdings holding 80% of the shares and Temasek holding 20%.

However, after receiving a total of US$7.5 billion in financing and the previous acquisitions of GlobalFoundries, Qimonda and Elpida, the valuation of Xinxin Group has increased to US$25 billion.

It mainly has five subsidiaries, namely Singapore Chartered Semiconductor, Marvell Electronics, GlobalFoundries, Qimonda and Elpida.

Except for GlobalFoundries, which currently only holds 55.6% of the shares, the other four companies are all 100% controlled.

According to the agreement, GlobalFoundries will complete the acquisition completely in the following years.

Five large-scale acquisitions, in addition to consuming more than 10 billion US dollars in cash, also brought a large amount of debt to Xinxin Group.

For example, GlobalFoundries spent US$1.2 billion in cash when it was taken over, and also incurred US$1.4 billion in debt. Qimonda spent no money, which is equivalent to giving it away, but with the acquisition, there is still US$2 billion. Debt is actually a pile of negative assets, and it may take tens of billions of dollars in losses to turn it into a positive asset.

Elpida's situation is slightly better than Qimonda, spending US$1 billion in cash and taking on another US$3.5 billion in debt.

At last count, Xinxin Group has raised a total of US$20 billion in cash since its establishment last year, because it spent US$12.2 billion on acquisitions, suffered a loss of US$2.1 billion, and also carried nearly US$10 billion in debt.

Among them, the loss of US$2.1 billion was only included in the losses of Chartered Semiconductor and Marvell Electronics last year.

Now that Qimonda, Elpida, and GlobalFoundries have been added to the list, it is not surprising that this year's loss figure has doubled several times.

Fortunately, Xia Jingxing tricked Mubadala and Temasek into investing in this bottomless pit of money. In the next four years, the three institutions will invest US$7.5 billion every year like this year. Over four years, the total will be US$30 billion.

In addition to the US$20 billion that has been financed, US$50 billion can revitalize five dying semiconductor companies.

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After the Xinxin Group incident came to an end, Xia Jingxing did not rush back to the mainland. Instead, he went to inspect Suiren Lithography Machine, a new company formed by the reorganization and merger of the lithography machine businesses of Nikon and Canon.

It is said that the Sui people invented the method of drilling wood to make fire, which brought the hope of light and heat to the Chinese ancestors and created civilization.

Now the newly established lithography machine company is named after Suiren, and it can be seen that Xia Jingxing has placed high hopes on opening a new chapter in Chinese science and technology.

In order to build the Suiren lithography machine, he was ripped off by the Japanese. The two companies paid a total of US$6 billion in cash for the acquisition, and also took over the existing debts of the two companies. Fortunately, the debts were not High, the total amount is only over a billion US dollars.

After Xia Jingxing happily paid the money, Nikon and Canon also cooperated very well and transferred the lithography machine business team, equipment and other assets to Singapore in batches.

The relocation work has not yet been completed, but many Japanese engineers have come to work in Singapore.

After arriving at Suiren Lithography Machine Company, Xia Jingxing, accompanied by a group of Japanese executives, inspected the factory building where equipment was being relocated and installed.

Taro Nakamura, who is temporarily serving as the CEO of Suiren Lithography Machine, respectfully introduced the various assembly and production links of the lithography machine to Xia Jingxing, which made Xia Jingxing feel very excited.

He really knows nothing about the photolithography machine business, otherwise he would not have retained these Japanese executives.

Even if he wanted to find Chinese people to replace these Japanese people, he could not find suitable candidates for the time being because there is a shortage of talents in this field in the country.

"Mr. Nakamura, I have seen your dedication and hard work.

Although the company is currently unable to catch up with Asmail, the market share of mid- to low-end lithography machines must be maintained and cannot shrink any longer. "

Nakamura Taro is a staid old man in his fifties. When he heard Xia Jingxing's words, he immediately bowed slightly and said, "Mr. Xia, please rest assured that we will do our best to maintain the company's market share."

Nakamura Taro took the lead, and other Japanese people also bowed to Xia Jingxing to express their opinions, and their obedience was very good.

The Japanese have always obeyed the strong. As the richest man in Asia, Xia Jingxing is still very prestigious in the eyes of this group of Japanese. Moreover, Xia Jingxing's salary is very high. Following Xia Jingxing, this group of Japanese does not have much resistance. People who are resistant will not come to Singapore.

"The cooperation between Suiren Lithography Machine, Xinxin Group and Fuxing Semiconductor needs to be further strengthened. Now there is a huge demand for lithography machines from these two companies. Suiren Lithography Machine must meet their needs as soon as possible, especially in terms of technology. needs.”

After Xia Jingxing finished speaking, Nakamura Taro hesitated for a moment before reminding him in a low voice: "Mr. Xia, if Xinxin Group and Fuxing Semiconductor give us all orders for lithography machines, will this offend Asmail?

If our high-end lithography machine is not developed, and Asmail refuses to sell high-end lithography machines, the advanced manufacturing processes pursued by the two companies will be greatly affected. "

Xia Jingxing glanced at Taro Nakamura. He didn't expect that the old man would even think of this level.

In fact, he had also considered this hidden danger, but if he were to place all his hopes on Asmail, it would be impossible and unreliable.

"You don't need to think about this problem for the time being, we have a plan to deal with it."

Xia Jingxing smiled, "GCC, Samsung, and Intel are all shareholders of Asmail, and these companies have formed a strong business alliance.

As a challenger to the existing order in the semiconductor industry, it is very difficult for us to break through under their blockade.

But there are some things that we always have to face, and avoiding them is not the solution. "

Hearing this, Taro Nakamura frowned even deeper.

Even if Asia's richest man wants to play in the semiconductor industry, it is very difficult.

But since he has chosen to join the Suiren Lithography Machine, he will not be afraid of another fight with Asmail.

Last time, as a member of the Nikon lithography machine, he suffered a huge defeat.

Can we win this time?

Perhaps we can only hope for new technological breakthroughs and major market changes.

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After inspecting the Suiren lithography machine, Xia Jingxing came to the Singapore branch of Domestic Holdings.

Although this is just a branch established this year, it is responsible for developing the entire Southeast Asian market.

Even Zhang Yong, CEO of Overseas Holdings, came to Singapore two days ago to take charge, preparing to launch an important "battle" here.

Sitting in Zhang Yong's office, Xia Jingxing crossed his legs and fiddled with his phone casually. After a while, he asked: "Is this the final release version decided by Zhang Dalong? It seems that he also made reference to some of Wazipu's works. Function."

Zhang Yong said with a smile: "If you mention Wazipu to him again and again, he will naturally spend more time researching this company.

But it is not a complete copy. In his words, it is studying the usage habits and preferences of overseas users. "

Xia Jingxing nodded lightly, "Yes, foreign markets are very different from domestic ones. WeChat can't just be an overseas copy of WeChat. It needs certain transformations."

Zhang Yong smiled lightly, "He just doesn't have much confidence now. He is afraid that WeChat will not be able to open up overseas and betray your trust."

Xia Jingxing shook his head. Zhang Dalong was too honest. While others were confident that they would complete the task, he would give you "no confidence."

"He's a very stubborn person. We won't know in a few days whether he can succeed or not.

If you have some free time to worry about, you might as well come to Singapore and take a look. "

Zhang Yong said: "He originally wanted to come over, but I persuaded him to go back."

Facing Xia Jingxing's puzzled look, Zhang Yong explained: "To put it bluntly, the domestic market is our foundation, and I hope that he, the captain, will stay in China.

Since the release of the WeChat PC version at the beginning of this year, Penguin has reacted very fiercely, thinking that we are attacking their core market.

Bonima has repeatedly declared in public that Penguin is not afraid to compete with any opponent.

In fact, Bonima is very panicked now. He heard that he often travels to Hong Kong to solicit financing recently.

Looking like this, he wants to replenish his ammunition and fight a life-and-death battle with me. "

Xia Jingxing smiled slightly. This reaction from Bonima was basically what he expected.

Domestic holding companies have begun to enter the instant messaging market. It would be strange if Bonima could still sit still.

However, he will not leave any chance to Bonima this time, and has secretly made up his mind to defeat Penguin in one fell swoop.

He even named his newly acquired yacht Penguin, which means that he will step on Penguin under his feet.

"I really want to know now, what was Bonima's reaction when we released the WeChat mobile application?"

Zhang Yong said with a solemn expression: "I may be forced into a corner. If I don't stand up to resist, I will only be ravaged."

Xia Jingxing chuckled, "Resist? I have prepared more than one WeChat move for him."

Zhang Yong glanced at Xia Jingxing and didn't ask any more questions, but he guessed that the boss must have prepared some sinister tricks.

"Okay, let's not talk about Bonima. I will go back to the ring with him in a few days. I will follow up on whatever tricks he has."

Xia Jingxing slowly suppressed the smile on his face and said seriously: "Do you have any opinions on WeChat's landing in the Southeast Asian market?"

“Smartphone coverage in this region, except for Singapore, is still a bit low, even lower than in China.

I think we should focus on capturing the Singapore market and then spread to surrounding countries. "

Xia Jingxing nodded slightly and asked, "Is there more?"

"The Japanese subsidiary has almost been established and can follow the Singapore market. With the help of SoftBank, a local leader, the promotion should not encounter any resistance.

What I am really worried about is the Chinese market, which is not progressing smoothly at the moment. "

Xia Jingxing looked up at the ceiling and thought quickly in his mind.

Since you have already cooperated with SoftBank in the Japanese market, do you want to cooperate with Samsung in the American market?

In addition to successfully opening the door to the Chinese market, this move can also be used as a smoke bomb to paralyze Samsung and ease the increasingly tense relationship between them.

As for what to do if we break up in the future? You don't have to think about it for the time being. Anyway, it's just a blow to the country with no dates.

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