Global monopoly of technology

After leaving here, Luo Sheng and several technical leaders went to a conference room in the cubicle to discuss again.

A technical representative of a business partner said: “Obtaining light with a wavelength of 13.5 nanometers is an important step in the realization of EUV lithography. The laser plasma extreme ultraviolet light source has become extreme ultraviolet lithography due to its power expandability. The most promising high-power light source solution."

"However, there are two main reasons for the delay of the timetable. One is that the required light source power cannot reach the 250 watt working power requirement for the time being. The other is that the optical lens and mirror system have extremely high requirements for optical precision and the production is extremely difficult. It is difficult to support huge research and development expenses."

Luo Sheng laughed when he heard this. It turned out that there was a difficulty, and the difficulty was directly related to the problem of small money.

Luo Sheng smiled and said: "These two reasons can be attributed to one reason, the reason for money, you can just say that you are short of money, I have spent hundreds of billions on the lithography machine, and I don’t care about the next dozens. Tens of billions of dollars can solve the problem. I will not be stingy about spending tens of billions of money, as long as I don't lie to me like Pengxing Precision."

Everyone couldn't help laughing lowly, and the friends said in a slightly embarrassing yet elegant manner: "Mr. Luo is joking, Peng Xing Precision's butt is not correct, and his eyes are short-sighted."

Luo Sheng nodded: "That's good, everyone, who else is short of money, just say it, and solve it all at once. I don't believe that there is only one problem."

Everyone is embarrassing.

It is not an exaggeration to say that Côte d’Azur and Shengfeng Capital have provided almost all of the R&D costs of the lithography machine in the past five years. More than 600 billion R&D funds have been burned. The pants will not make up this number.

There is no foundation for a family fund, and I really dare not play like this.

However, Luo Sheng’s money is not given for nothing, but in the form of long-term value investment. In the future, most of the business partners’ companies will be listed on Big A. Shengfeng Capital can choose to hold or sell. Anyway.

Luo Sheng has said it for this reason, and the big friends and business partners who are in difficulty are not hypocritical, and they have said all the difficult things (qian).

The result was exactly the same as Luo Sheng expected, the money issue.

It's just that the money issue is not a big problem here, or even a problem. It is naturally given, and the investment has been so large. This time the total financing amount is about 60 billion yuan, not a lot but not small.

Côte d’Azur provides 70% of it, and Shengfeng Capital provides the remaining proportion. The reason is that the latter’s current money is in the big A layout, and it has also borrowed money from Côte d’Azur to ensure its own liquidity. Of course, family funds have money, but Turnover is troublesome.

After the meeting, Luo Sheng came to the clean room again, inspected the working environment, and then summoned the person in charge and said: "Be careful that the extreme ultraviolet lithography machine needs to press light to such a short wavelength, which requires extremely high energy. To ensure that there are no faults in the power supply and safety issues."

"Understood, please rest assured, President Luo."

In order to increase production capacity and continuously increase the power of the light source to increase the exposure tempo, higher electricity demand is required.

Therefore, the extremely low energy conversion rate of the lithography machine leads to extremely high power consumption, and extreme power consumption can only be used to produce miracles.

In addition to expensive parts and complex technology, extreme ultraviolet lithography equipment is also unique in its extremely high power consumption.

First of all, to obtain such high-power extreme ultraviolet light, a laser with extremely powerful power consumption is required.

Such a laser will generate a lot of heat when it is working, which requires an excellent heat dissipation and cooling system to ensure the normal operation of the equipment, which in turn requires a large amount of electricity.

Secondly, when correcting the forward direction of the light, each reflection still loses about three layers of energy. After more than a dozen mirrors, the light is guided all the way from the light source to the wafer. In the end, only about 2% or so is left. The absorbed light must be cooled by a high-power cooling system.

Luo Sheng has three or four times more investment in the technology research and development of extreme ultraviolet lithography equipment than the competitor ASML. This is no way. What is the basis of ASML technology, and Luo Sheng has almost started from scratch. Up.

Another reason is that ASML also has three major customers, Samsung, LP Semiconductor, and Intel, which have jointly invested 5.259 billion euros to develop EUV lithography machines.

And Luo Sheng can only pay for himself. As for that group of teammates, they lost money in the early stage, and even cheated money.

But in any case, it took more than 100 billion US dollars to smash in five years to be free from foreign monopoly in the field of lithography machine is a huge victory, and the extreme ultraviolet lithography machine is no longer behind ASML. Company.

In the follow-up technological development, Luo Sheng is confident to achieve the goal of catching up with ASML, to leveling, to surpassing.

...

afternoon tea time.

Luo Sheng has been busy with technology research and development issues these days, but technology and capital are closely related, so he also keeps an eye on the capital market.

At this moment, on the sofa in the large living room of the Science and Technology Complex, Luo Sheng leaned his legs to watch the news of this financial news channel.

[This station has just received news that on Monday, June 15th, the three major stock indexes opened higher and then fluctuated lower. The market dived from 5892 points in the afternoon to approach the 5000 point mark, and the GEM lost 4000 points, 3900 points, and 3800 points. Integer mark.

[From a disk perspective, the banking, insurance, and petroleum industries led the decline in the two cities, and the collective shutdown of the Internet finance, cultural media, and network security stocks led to a sharp decline in the GEM index.

[For the sharp drop on the first trading day of this week, most investors in the market believe that this is a normal correction of the market after the sharp rise...]

Hearing what the TV news said about a normal callback, the market investors' thoughts made Luo Sheng feel that their risk control awareness has disappeared. At this time, An Qingxue appeared in his sight, working as a personal life assistant. work.

Luo Sheng fixed his gaze on her and said, "Qingxue, I remember that you seem to be doing investment and financial management, right?"

An Qingxue didn’t know why he asked her personal questions, but she nodded her head without concealment: “Well, after buying a house in Shencheng, she bought some of the idle funds without knowing what to do with it. Fund products and a small number of stocks are enough to beat the inflation rate."

The so-called idle funds of Qingxue Meizhi are not worth mentioning to Luo Sheng, but it is not a small amount for her. It has to be saved for several years, accounting for about 40% of personal assets, more than 400 It looks like ten thousand yuan, this is her principal, and now this money has brought her about 70% of the book value.

"According to the time you entered the market, you should have made a lot of money. There is still half an hour to close the market. Put down your work and sell all the funds and stocks you bought. After a month or so, you will buy all of Azure Pure. The electric car company's shares continue to be held." Luo Sheng said, and after speaking, he continued to pay attention to TV news.

Luo Sheng just gave her an idea of ​​how to operate. This Nizi diligently followed her for so many years, and most of the money she earned had evaporated to the stock market.

"Okay, I listen to Brother Luo."

An Qingxue is puzzled, but she has no doubt about what Luo Sheng said. I believe he said to herself that the stock market must plummet, and the stock of Weilan Pure Electric Automobile Company will rise sharply.

Even when all the funds and stocks held were sold off in the last half hour of today's trading day, the total holding capital + holding income was about RMB 7.8 million.

As time goes by, Qingxue Meizhi is very grateful to Luo Sheng for his guidance after the stock market trend in the next month or so.

...

The opening of the market continued to fall sharply on Tuesday, and the opening of the market rose slightly on Wednesday. This made the market investors who had been somewhat emotionally volatile and relieved. They felt that it should be a callback shock, and it will soon rise.

However, things backfired, and the market continued to sell sharply on Thursday and Friday.

After five trading days this week, the Shanghai Composite Index plummeted 14.68%, the Shenzhen Composite plummeted 14.32%, and the ChiNext Index plummeted 16.79%.

In terms of sectors, the weight sector has become the main force in this week’s decline, dealing a heavy blow to market sentiment and confidence. Panic has finally begun to spread in the market. Many retail investors hope that the Securities Regulatory Commission can take some measures to curb this crazy decline. trend.

However, the China Securities Regulatory Commission did not make any direct statement, and analysts believe that the current market adjustment is still within a reasonable range, and some retail investors believe these analysts.

then……

In the second week, the market was closed for three days during the Dragon Boat Festival. The market was closed on Monday, and rebounded on the two trading days on Tuesday and Wednesday. However, the three major indexes began to plummet again on Thursday, and the 100-share limit reappeared.

The trend of the last trading day of this week finally made people desperate. This "Black Friday" once again staged the picture of the 1,000-share limit. More than 2,000 stocks in the two markets have the limit, and the entire capital market is wailing.

In the critical situation of the stock market, the national team finally began to rescue the market. On the 27th, Yangxing implemented a targeted RRR cut, and many investors who were trapped were moved to tears.

However, Wang Xin led his hot money team to immediately turn the bow and form no alliance with the national team that rescued the market. Once the long-air battle started, it became fierce.

However, the market has not yet bottomed out. The Big A in the fourth week continued to plummet, and the trend was thrilling. In this battlefield without gunpowder, the tragic level of the long-short confrontation is enough to be recorded in the history of China's capital market and market economy.

This week, on Monday, boosted by many good news last weekend, the Shanghai Stock Exchange opened 8.81% higher. Many parties attempted to increase bank stocks and two barrels of oil to protect the market. However, the short side continued to wreak havoc in the small and medium entrepreneurial stocks and stock index futures markets. The 500 futures index, which opened nearly 9% higher during the intraday trading session, fell only 9.78% in the end, showing a "∧" trend.

The Shanghai stock index closed up 3% after the market, but more than 1,000 stocks opened their daily limit to the closing limit. Investors were deeply disappointed by the results of the rescue.

The market continued to decline at the opening on Tuesday, while the national team’s rescue funds were still only pulling blue-chip stocks. The ChiNext Index almost fell to its limit and fell into a comprehensive liquidity crisis.

In order to protect themselves, more than half of the listed companies in the two cities were forced to suspend trading.

The downward trend continued on Wednesday. In addition to the suspension of 1,500 companies in the two cities, 1450 stocks fell their limit.

Thousands of shares will be held at the opening of the market on Thursday, which is the darkest moment.

But then the index counterattacked across the board, and many small-market stocks were pulled up. The market successfully recovered 3,800 points. After the market, the Shanghai Composite Index closed up 6.75%, and the two markets exceeded the daily limit of 1,000 stocks.

At the same time, the country began to crack down on illegal and criminal activities in the securities and futures markets on a large scale offline, and batches of people were jailed.

The three major indexes continued to rise on Friday. The Shanghai Composite Index closed up 5.45% after the market, and 1,357 stocks in the two markets rose by their daily limit.

The trend of Big A's plunge has finally been reversed.

In the following week, Big A bid farewell to the continuous surge and plunge of the ECG pattern and gradually stabilized.

Just when people thought that the stock market crash had subsided, the sixth week ushered in the second wave of slump. The reason was a variety of bad news, especially the national team's "exit plan".

In this week, the market index plummeted from 4000 points by more than 1000 points, a drop of about 32%, and the market fell to 2720 points.

At this time, the national team left, the securities company was already lying down, and the small investors were almost desperate.

But in fact, there is still a force that cannot be ignored. During this period of time, only three levels of force were used.

That is Shengfeng Capital.

Holding 2.75 trillion of leveraged funds in his hand, in fact, the funds that can be adjusted have exceeded 3 trillion. During this time, Wang Xin's hot money team has made a huge profit, making more than 50 billion profits, plus a six-fold leverage ratio. It is the capital scale of 600 billion yuan, which drags QIFF into the water.

In other words, the bullet reserve in the hands of Shengfeng Capital still has 2.1 trillion liquidity.

On Tuesday, August 25th, the opening continued to plunge, and the market seemed to dive toward the 2,600 point mark. Qin Weimu took the funds of Shengfeng Capital to support the market and lifted the shares of Weilan Pure Electric Automobile Company and the Weilan Pure Electric Automobile supply chain. , Bluestar Technology Supply Chain, Blue Coast Supply Chain, Semiconductor Supply Chain and other five related stocks support the market.

...