Rebirth

A group of dozens of people came to the conference room together, among them many foreigners, these are the shareholder representatives of several foundries under the umbrella of UMC, and most of them are from the US.

When UMC launched the foundry project, the 12 IC design companies that directly attracted UMC invested in three foundries, including UMC and UMC, plus UMC’s own factories. At that time, he became an IC manufacturer with strength similar to that of Semiconductor Manufacturing Company.

If there were no such fires, UMC would definitely be able to compare the accumulated power, which is really not as good as the sky.Of course, for Li Feng, if there hadn't been this fire, there would have been no chance like now.

Under Cao Xingcheng's introduction, Li Feng also exchanged greetings with the representatives of these IC design companies, and the last group of people took their seats in the conference room, and then it was time for the final touch.

"Everyone, after such a long period of negotiation, the result is roughly the same. This is the explanation of the result of our negotiation. Please take a look." Cao Xingcheng sat on the main seat, holding a stack of documents, and then distributed them. Said after giving it to everyone.

Seeing the staff put the file in front of him, although he knew the result, he still picked it up and read it.

...

According to the document, UMC is now a listed company, with about 30% of shares outstanding. The shares of management including Cao Xingcheng and others are actually only about 20%. Who made UMC dominate the government at the beginning, but it was only later that UMC was in Cao Xingcheng. Departed from government control under the leadership.

At the beginning, 12 design companies were won. This time, these design companies will become shareholders of UMC. The total equivalent shares are about 35%, and some other large and small shareholders total 15%.

And this time through the reorganization, UMC Holdings, registered in the Cayman Islands, will be established. Following the capital injection by Li Feng and the three major families, major shareholders will dilute their shares.Yes, this time is a bit like financing, but financing is relatively large.

Due to the UMC fire, UMC lost tens of billions of New Gulf Dollars, and the remaining billions of contract losses, as well as intangible losses, such as delays in timing due to the fire, which caused UMC's funds to be tight.

According to the latest estimate of UMC’s closing price, UMC’s market value is US$5.5 billion. According to a 20% premium acquisition, UMC’s valuation is US$6.6 billion.

The financing amount is US$3.4 billion, of which three companies invested US$500 million, and the remaining 1.9 billion is directly invested by Li Feng. As a result, the company’s market value will directly reach 10 billion, and it will directly surpass the company and become the largest in the bay. Semiconductor manufacturing company.

...

It was negotiated before, and soon after reading it, it was affirmed by everyone. After that, they got the agreements that were drafted a long time ago, including the agreement of major companies to give up their original shares, re-invest in the new company, and Li Feng and other big players. The financing agreement and so on.

Seeing Xu Haifeng signing on behalf of Tianya Investment Company, the rest of the people also started to sign. In this way, Li Feng will get 19% of the shares of UMC. Naturally, the shares cannot be owned by Tianya Investment, and there are several funds involved. Yes, the shares are hidden, and the shares of UMC’s major shareholders will naturally be diluted.

However, the company also promised that Cao Xingcheng will still serve as the company's chairman and CEO, the original management will remain the same, the board of directors will be increased, and representatives of major companies will become new senior executives.

At the same time, the original IC design companies controlled by UMC are directly independent. UMC will focus on IC manufacturing in the future. IC design companies will become parallel with UMC. The shares of companies including MediaTek will be transferred to the parent company holding company. Among.The shares of these companies are mostly controlled by UMC, basically between 50-60%.

Of course, Li Feng's pursuit of shares in UMC will not stop.

No one knows that just after Li Feng’s signing is over, and after dawn on the American side, a group of people headed by Bill Willy Bay will sign a new agreement with UMC’s 12 IC design companies. The share transfer agreement signed by the company together.

Yes, as early as the beginning of the intention negotiation, Li Feng asked the American emperor to take action. The U.S. emperor is now Li Feng's base camp. Through the help of his own investment company, Morgan Stanley, Goldman Sachs, etc., he contacted these design companies.

Anyway, with Li Feng’s strength, contacts, etc., through a series of operations, pressure and other overt and secret means, he finally reached an agreement with others. In any case, Li Feng is now a big boss in the United States. Some means are still there.

...

At the same time as the share transfer, a priority agreement was reached with them, that is, the chips required by the 12 design companies will all be given priority production rights in UMC.

Originally, 12 IC design companies were willing to cooperate with Cao Xingcheng mainly for their own design and production needs. Now that they have Li Feng’s priority commitment, these companies have finally agreed to Li Feng’s share purchase request after consideration.

In this way, Li Feng obtained a total of 23.1% of the shares of 12 companies. Similarly, when UMC expressed its willingness to negotiate on the issue of shareholding at the beginning, Li Feng asked Bill Weilibe and others to secretly purchase the previous market shares of UMC.

Before Li Feng signed the agreement, a total of almost 15% of the shares had been acquired. It can be said that Li Feng almost wiped out all the shares of China Unicurrent in the market.After dilution, it is almost 9.9%.

In other words, Li Feng, a new UMC company, already controls almost 52%. Li Feng has actually acquired UMC and obtained a controlling stake.

Regarding the company’s ultimate controlling rights, Li Feng does not want to expose it for the time being, and as a last resort, Li Feng does not want to stalemate with Cao Xingcheng and other managements. Anyway, the company’s board of directors and the next senior management will have their own positions to understand. Every move of the company.

In this way, Li Feng will spend more than 5 billion U.S. dollars in cash to hold the holding, at least at this stage, which can be regarded as the largest foundry.Naturally, in terms of production scale, UMC today is still inferior to Semiconductor Manufacturing Co., Ltd.

Among them, the money for the acquisition of shares in the United States is to find the major banks to help Li Feng with six large and small banks including Chase Manhattan, Citi, and Bank of America.

Naturally, people like Cao Xingcheng didn’t know about the transfer of shares in the 12 design companies of the American Emperor. Those shares were all placed in 12 fund accounts. In this way, in the eyes of outsiders, the shares of these companies were acquired. Or transfer it.

Naturally, the next step is for the company to start its expansion. The new company will build 3-4 wafer foundries one after another in the US, Europe, Asia and other places. After all, this time so much capital is unreasonable.

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"Mr. Li, Mr. Cai, Mr. Gu, and shareholders representatives, on behalf of the company’s management and all employees, I thank you for your trust. We believe that UMC’s future prospects must be bright, and we will work hard to be worthy of yours Thank you for paying every cent!"

As the signing was completed, there was a burst of applause in the conference room.At the same time, Cao Xingcheng, the magnate of Wanwan Semiconductor, got up and spoke loudly to everyone.

Seeing Cao Xingcheng’s excited expression, Li Feng couldn’t help thinking at this moment. If he knew that I was about to own more than 50% of the shares and control UMC, he would not have such an excited expression. Thinking of this, he couldn’t help but smile. Endless.