Rebirth

At the end of the month, in the hot spring hotel, Li Feng, Wang Siqing and Lin Xilei, as well as the newly appointed assistant Lin Da, Xu Haifeng, Wu Jianmin and others sat in the living room together. At this time, Xu Haifeng was reporting on the negotiation situation of the previous shareholding in UMC Make an explanation.

"The basic situation is like this. UMC is now preparing to suspend trading and reorganize the company." Xu Haifeng replied with a smile.

After Xu Haifeng’s report, I also had a detailed understanding of the process. Before, I only used one phone call a day to understand the results of daily negotiations.

Naturally, after the last gathering, UMC Cao Xingcheng and the management wanted to recruit new allies. They were basically local families on the Wanwan side, such as the Cai family, the Gu family, and the Wu family.

The main thing is to prevent the rich and powerful Li Feng from holding UMC, and use local power to check and balance Li Feng, who is crossing the river, so as not to lose control of the company.

In Li Feng's plan, he focused on the semiconductor and financial industries from the beginning. Of course, if you have the opportunity to build a few buildings, such as real estate, it is still possible. Finance and real estate are always closely linked.

Bay Bay is not comparable to Hong Kong. Hong Kong’s wealthy Chinese are mostly concentrated in the real estate industry, while Bay Bay’s families are mostly in the financial insurance and real estate industries, with financial insurance being the most concentrated.

Naturally, the subsequent rise of the semiconductor industry and foundry was also accompanied by the rise of new rich people. The most famous are Foxconn and semiconductor and electronic foundries represented by TSMC.

In other industries, it is too difficult to be big, mainly because Wanwan is a small place, and it is too difficult to develop industries.

...

"In other words, there are currently three foundries under the umbrella of UMC, and if you count Lianrui that has been swallowed by the fire, there are only four factories.

In addition to these four foundries, there are several design companies that are independent of the design department, such as MediaTek, Lianyong, Lianyang, and Zhiyuan Technology."Li Feng asked with a smile.

"BOSS, it is true. Although Lianrui has been swallowed by the fire, UMC is now preparing to rebuild and is raising funds. In fact, our insertion is just right." Xu Haifeng replied with a smile.

"Haha..., of course, I just watched the opportunity to come in. The financial crisis coupled with the fire engulfing, and facing fierce competition from the accumulation of power, now that Lianrui is swallowed by the fire, the competition is naturally at a disadvantage, I want It takes time to rebuild Lianrui. This is an era where UMC and Cao Xingcheng want to defeat TSMC and Zhang Zhongmou. Then they will definitely seize the opportunity that we have given us. It is not cheap to build a foundry. Haha..." Li Feng said contentedly.

According to the previous negotiations between Xu Haifeng and the others, Cao Xingcheng had a new plan, which is to raise funds to rebuild Lianrui, which was swallowed by the fire, and to add 1-2 foundry factories again, so that although it will be in a short time Compared with the disadvantage, it can be up to one or two years. After the completion of the new factory, it will be a leap away from the accumulation of power.

Naturally, several foundries are added in one go. The investment here is not small. Nowadays, the mainstream is 8-inch production lines, and the establishment of an 8-inch wafer foundry production line will cost about 800 million to 100 million US dollars. Two to three companies started working together, which cost nearly US$3 billion, which is not a small sum.

After the new century, invest in a new 12-inch wafer foundry. At that time, the investment will exceed 2 billion US dollars. It must be said that the construction of a wafer foundry is indeed a super expensive project.

Those semiconductor design companies, where most companies have this capital to invest, since there is a foundry like TSMC, that would be great. No wonder that the subsequent development of Semiconductor Manufacturing Company is in full swing.

...

At this time, Li Feng also had a more detailed understanding of UMC's assets.

Except for UMC’s initial foundry, the remaining factories were established as joint ventures with those IC (integrated circuit) design companies. Now, according to Li Feng’s investment requirements, UMC hopes to have a 100% shareholding.

In this way, you are faced with a choice. What should be done about the shares of the design companies that these factories participate in? Should they be repurchased directly or counted into the company?

Although Li Feng's wish is to buy back directly, these design companies may not necessarily agree, unless you offer a sky-high price. Before Cao Xingcheng, in order to win business against Semiconductor Manufacturing Co., he joined these design companies to jointly establish a joint venture.

After these factories are established, they also OEM their own chips for these design companies. If they don’t have shares, then these factories will have to produce their own chips or something, but they will have to compete with other IC design companies.

Nowadays, whether it is TSMC or UMC, the business of wafer foundries is full. The factories are simply too busy, and these IC design companies are naturally unwilling to give up their shares.

The second asset is the equity of companies established by the separated design department. These companies are all controlled by UMC. I have to say that Li Feng was overjoyed when he heard the news.

...

At this time, MediaTek, Lianyong, Lianyang, Zhiyuan Technology and other companies were just separated and established in 1996 and 1997. At the beginning, they were all controlled by UMC. That is to say, with the departure of Cao Xingcheng, eventually These companies eventually went out independently.

Thinking about the future development, MediaTek is well-known and is known as the largest IC design company in Asia. It seems that MediaTek’s market value will be tens of billions of dollars in future generations.

Similarly, the slightly inferior Lianyang and Lianyong have achieved outstanding results in their respective fields. At this time, UMC is controlling a series of companies including MediaTek. It can be said that the money is bright.

"United Microelectronics is also a listed company. Today's market value has plummeted because of the fire engulfing Lianrui's newest foundry. According to yesterday's closing price, its market value is now around US$5 billion.

Our current quotation is more than 10% of the market value to buy shares. If we can purchase no more than 6 billion US dollars, it will definitely make a profit. After all, only three factories are worth 3 billion US dollars.Of course, no one is so stupid and willing to sell."Xu Haifeng smiled and said to everyone.

"Mr. Xu, next I authorize you to negotiate, in addition to our quietly acquiring the outstanding shares on the UMC stock market, try to get as many shares as possible. You can also contact several fabs and be willing to sell. Naturally, it’s the best. If you don’t want to, then wait until the time to merge with China Unicom to calculate their shares.

Mr. Wu, you also have to help. Most of the shareholders of these fabs are American design companies. Can you talk to us and buy their shares? I will also start my relationship and see. Can you try to recover the shares?"Li Feng finally ordered.

...

"BOSS, I think you should contact Bill Willy Bay and Li Shanquan. I heard that they have achieved remarkable results in your acquisition of semiconductor companies. There are many possibilities that you can directly enter the board of directors.

If you can enter the board of directors of those well-known companies, if we have the bargaining chip that can promote cooperation with UMC, this will create conditions for us to invest in UMC and even hold a shareholding."Suddenly Wu Jianmin suggested to Li Feng with a smile.

"Oh, what news did you get in Hong Kong before?" Li Feng asked with a smile.

In fact, Li Feng is generally aware of Bill Weilibe’s acquisition of shares in a semiconductor company. After all, he ordered others to do it. When results are achieved, they will send a briefing.

"I don't know the details, but we talked about it a little while in Hong Kong before, so I just knew it." Wu Jianmin replied with a smile.

"OK, then everyone will work together to win UMC as soon as possible. My goal is at least to become the largest shareholder. It would be great if I could hold a controlling stake." Li Feng finally concluded.

"BOSS, I understand that if this is the case, I think we can set up a group holding company, such as the establishment of a UMC holding company, to fully control its wafer foundries and major IC design companies, such as MediaTek."

Xu Haifeng smiled and replied, and put forward his own opinions on the future development of UMC.

...

"Haha, this is naturally the best. The premise is to achieve our goal." Li Feng replied with a big smile.

"Don't worry, BOSS, since the initial intention to buy shares is basically agreed, it will be much easier to handle later, we will not let you down!" Xu Haifeng and Wu Jianmin echoed.

"..."