Reborn multinational giant

From the end of July to the end of August, Huizhong employees were busy with the relocation and moving into Huizhong's new headquarters building.

At the end of July and early August, two major events happened at the time of Fang Zhe's upcoming wedding.

Firstly, under the guidance of Fang Zhe, Qualcomm and SMIC, on the last day of July, July 31, announced that they had reached a strategic cooperation agreement.

Qualcomm will help SMIC upgrade its 28nm chip-making process and give SMIC an order for no less than 50 million Snapdragon 410 chips to be manufactured over the next two years.

That afternoon, Fang Zhe, who had just moved into his new home a few days earlier, took a private jet to Jianghai City to attend and witness the signing ceremony.

Looking at the sudden appearance on the podium to speak Fang Zhe, under the stage lights flickering various media, more surprised than to know that Qualcomm and Semiconductor Manufacturing International will enter into a signed cooperation news.

"Quick, quick, snap the camera, make sure to get Fang Zhe in!" A reporter in the audience directed to the big brother of the cameraman next to him.

The rest of the media were snapping away just like them, and if Qualcomm and SMIC signing a partnership was just the industry's nuclear bomb news in the chip industry, then with the addition of Fang's richest man, the news was enough to go out of the loop and become heavy nuclear bomb news for the entire community!

"Thank you very much, media and journalists, for being able to attend and participate in today's cooperation signing ceremony between Qualcomm and SMIC.

I'm sure there are many people here who are curious and puzzled about the signing of their two companies, and what kind of presenter did I, Zhe, come here to make fun of?

I'm going to explain to you all here that technically I'm sort of a matchmaking redneck, so I'm sure you understand what I mean."

Wow!

The media and reporters in the audience a commotion, when the Red Queen, is it true that this cooperation between Qualcomm and SMIC is actually the hand of the Chief Executive of Fang Zhefang?

That's big news!

"The richest man in Fang as a matchmaker, Qualcomm's over 50 million Snapdragon 410 chips will be handed over to SMIC for manufacturing" many media reporters, even the title of the press release waiting for the meeting had thought up, however, the next news revealed by Fang Zhe, made them even more shocked.

"In addition to the identity of the Red Queen, here I also take this opportunity to reveal to you all that I have personally invested in a fund dedicated to investing in the chip industry, the name is called Core Sheng Fund, currently, Core Sheng Fund has invested in SMIC, becoming the third largest shareholder of SMIC!"

Wow!

The commotion and comments from the media and reporters off stage became more frequent and rapid, and the cameramen quickened the tempo of pressing the shutter on their hands, and the lights flashed more frequently and urgently.

"The richest man in Fang has stepped into the chip industry!"

"Fang Zhe has become the third largest shareholder of SMIC."

"Corexis Fund"

Reporters jotting down a keyword in notebooks in their hands, which, no surprise, will make the front page of every media outlet and news story tonight and tomorrow morning!

After revealing these bombshell news, Fang Zhe ignored the commotion of the reporters off stage and began to preside directly over the signing ceremony between Qualcomm and SMIC.

Steve Mollenkopf, CEO of Qualcomm, and Qiu Yunci, CEO of SMIC, both signed the cooperation agreement in front of them with smiles on their faces, then stood up and exchanged them with each other, facing the reporters with a professional smile.

Ka-ching!

The cameramen off stage were capturing the scene on film.

However, if one looked carefully from the lens of many of the cameramen, they would find that their focus was mostly on Fang Zhe, who was standing on the side behind the presiding stage, and instead, the two people signing the contract in the center of the stage became the background picture.

After the signing of the two sides ended, there was a brief time for reporters to speak and ask questions, and the reporters off stage raised their hands enthusiastically, eager to seize the opportunity to ask Fang Zhe questions.

"Second row on the stage, the lady in blue!" Fang Zhe spotted a pleasant-looking female reporter.

The female reporter who was drawn had a tingling heart, she skillfully arranged her attire and stood up to pick up the microphone to ask a question.

"Hello Fang Zhe, I am a reporter from CCTV financial news, you previously mentioned that you personally invested in the establishment of the core Sheng Fund, which is dedicated to investing in the chip industry, may I ask why you invested in your personal name, rather than using Huizhong or jointly with other enterprises to establish this fund?

In addition, you also revealed that CoreTech Fund is already the third largest shareholder of SMIC, may I ask if the next CoreTech Fund will help SMIC take more foundry orders or have more other moves like today, your side is not convenient to disclose to us."

After listening to this reporter's question, Fang Zhe nodded his head and replied.

"On your first question, why I invest in my personal name, it involves the management and use of my personal wealth.

You should all have heard me say that it is hard to make money, it is harder to spend money than to make money, and when wealth reaches a certain figure, it is no longer just my personal wealth, but the wealth that society has entrusted to me, and society has entrusted so much wealth to me in the hope and belief that I can use it well and give it greater value.

Today in our country, in my personal opinion, the place where this wealth should go the most is the chip industry, which needs it the most.

Chips are the brain and core key of mobile phones, computers and all kinds of electronic devices, and at present our country's shortcomings in this field are obvious to all, I feel that I have the responsibility to influence and improve this situation with my own ability.

I don't want to use Huizhong or other companies to set up this fund because the chip is an industry that requires huge investment over a long period of time, which is a very difficult cost and uncontrollable risk for Huizhong or any other company or enterprise to bear.

I don't want to use my power over others, or kidnap others to invest in the chip industry with me, so I only use my personal funds and name to invest.

Regarding the second issue, the actions of CoreShares Fund after joining SMIC, I think on the one hand to prevent me from delivering on my big words today, and on the other hand to let you have some hope for the future of SMIC, so I won't disclose it yet!"

After Fang Zhe answered this question, the reporters off stage even spontaneously applauded, which was rare in many press conferences or such signing ceremonies.

The applause of the reporters was a gift to Fang Zhe's answer, but also to what he said on the premise of not morally kidnapping others, to take on the social responsibility that everyone else balked at, Fang Zhe's image in their minds, the higher it gets!

CCTV Finance reporters settled down, Fang Zhe and randomly selected two reporters to answer a few questions, they asked questions, basically also Fang Zhe on this cooperation, SMIC and domestic chip industry prospects of the views of the clouds.

These reporters are sensible, did not ask whether the cooperation is related to the recent anti-trust investigation into Qualcomm and so on, for this kind of sensitive issues, in the absence of an accurate attitude of the top, they media has always been to stay away.

After giving a short answer, Fang Zhe left the moderator to the Qualcomm CEO and SMIC CEO to play, and he left from the side.

As the founder of Huizhong and the richest man in the world, Fang Zhe was able to attend and preside over the signing ceremony of Qualcomm and SMIC, which gave face to the two companies and helped build momentum for the signing ceremony.

That night and the next morning, the front page of the media was brushed by the cooperation between Fang Zhe, Qualcomm and SMIC.