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113 Acquisition funds

Xu Weidong smiled bitterly. The wafer fab invested far more than 20 billion yuan.

"The price is too low, and I invested too much money to make chips."

"But the reality is that your factory is about to be eliminated and has depreciated." Chen Yao pointed out his pain points without hesitation.

Xu Weidong's attitude was very firm: "If you can't afford 30 billion and the factory will never sell it, I can find better investors."

"The question is, in this situation, which company is willing to spend 30 billion to acquire your factory?" Chen Yao asked quickly.

"This..." Xu Weidong fell into silence.

The world's three major chip foundries, Intel, Samsung, and Fuji Electric, have both strength and money, but the question is, why do they want to acquire a wafer factory with backward technology?

There is Zhongxin International in China, but they do not have the need to acquire wafer fabs.

Who else is there?

The investment in chip factories is huge, and they cost tens of billions of yuan at any time, and the technical threshold is high, which is not something that ordinary companies can afford.

A large number of hot-headed semiconductor companies in China are now on the verge of bankruptcy and cannot protect themselves, let alone acquire them.

"Boss Xu, you and I are all in the industry. Everyone knows the situation in the industry very well, right?" Chen Yao said with a serious expression: "What's more, this fab has seriously dragged down your group's performance now. If this continues, aren't you afraid of being dragged down by it?"

Xu Weidong is not just making chips, he is more profitable in steel and chemicals.

Because the performance of fabs has declined severely, the group's performance in the last quarter fell into a major loss, and the stock price plummeted by 30%.

It has evolved into a heavy burden.

As long as you can get rid of this burden, you can accept losing a little.

But, 20 billion...

Xu Weidong took a deep breath, came outside the factory, took off his mask, and lit a cigarette.

"To be honest, even if it is acquired for 20 billion, our company will struggle." Chen Yao said frankly: "After the acquisition, we need to upgrade the equipment, invest a lot of money, and it is hard to say whether we can get rid of the difficulties in the end."

Chen Yao took a deep breath: "In other words, our company did not take much advantage of the 20 billion acquisition."

Half of the cigarettes were smoked, Xu Weidong finally made up his mind.

He threw half of the soft China on the ground and stomped it out, and said firmly: "Okay, I'll sell it to you 20 billion!"

Chen Yao laughed, and Guan Xinyan laughed too.

Next, the two parties signed an acquisition agreement.

It's just an agreement, not a formal contract.

Such a huge acquisition involves too many things, so the two companies will send teams to discuss the details of the contract.

The final contract will take some time to complete.

In the evening.

Chen Yao and Guan Xinyan came to a nearby restaurant for dinner.

Guan Xinyan frowned slightly and looked over: "How do you solve the problem of funds?"

Chen Yao took a sip of black tea and asked, "How much money does the company account have now?"

Guan Xinyan whispered: "About 13 billion."

In other words, it is still 7 billion to complete the acquisition of the fab.

In order for Legendary Company to continue to operate normally, in addition, the later investment of acquiring fabs requires more funds, which is at least 10 billion.

Where did tens of billions come from in a short period of time?

If it is jointly acquired, the problem can be easily solved. However, Guan Xinyan is very clear about Chen Yao's personality and he will not jointly acquire with others.

Chen Yao said calmly and calmly: "There must be a solution."

"What method?" Guan Xinyan asked urgently.

"I haven't thought about it yet."

While the two were talking, the waiter came over with a plate and placed it on the table, and the fragrance scattered in the air.

Chen Yao picked up the chopsticks and started eating.

Guan Xinyan has not moved her chopsticks for a long time, and she has been thinking about the issue of funds.

Suddenly, she had an idea and said with a smile: "Student Chen Yao, why not list the Huatian lithography machine, so that the money we get from listing financing can be used as investment in wafer fabs."

I have to say that the senior sister is really smart.

The domestic valuation of semiconductor companies is very high. As long as you apply for listing, relevant departments will speed up approval and open a green channel, and you will be listed soon.

With Huatian Lithography Machine mastering the world's most powerful lithography machine technology today, listing financing will definitely be sought after by many investors.

The valuation can be referred to as the Netherlands' Asmay, its stock price is higher than that of Qualcomm, which makes chips.

Chen Yao thought for a while and said, "The idea is good, but I don't think now is the best time for Huatian to go public."

Huatian Microelectronics turned losses into profits not long ago, and if it wanted to list in the mainland, it would need to make profits for three consecutive years, and the listing did not meet the regulations.

If you are not in the mainland, you can choose to go to the United States, but Chen Yao will never go.

The lithography machine independently developed by the Chinese people also depends on the expression of Wall Street. Let’s go aside.

After thinking about it, I can only go public in Hong Kong, but if I go public in Hong Kong, the valuation of semiconductor companies is definitely not as high as that of mainland China.

If Huatian wants to go public, he has to wait at least a year later to produce a beautiful performance report, which is the best time to go public.

Guan Xinyan also knows very well, but...

“Apart from listing financing, is there any better way?”

"Sure, I'll think about it."

In the evening, Chen Yao returned home and rushed into the bathroom to take a shower.

I went to the factory and had a lot of dust on my body. After a hot shower, I walked out of the bathroom with a refreshing body and sat on the sofa at home.

Pick up your phone and check it out, and the top notifies the students' chat group.

After graduation, the classmates went their separate ways and worked in various jobs. I wonder how they are doing now?

Click to see, they are all talking about their current work or business plans.

"I made a girlfriend, but she said she wanted to buy a house before getting married. She worked hard and paid the down payment with her parents' savings."

"Congratulations, I've bought a house and got married."

"What are you going to congratulate? Think about paying off your mortgage every month in the future, and you will feel like a mountain of pressure. {Teenagerous smile} {Teenagerous smile}"

"I don't plan to get married so early and get a loan from the bank to do some business."

“Is the entrepreneurial loan easy to handle?”

"It's very difficult. It's difficult for small and micro enterprises to get loans, and the interest rate is still high."

Chen Yao looked at the chat message of his classmates and kept thinking about banks, banks, and banks in his mind.

A flash of inspiration, and I suddenly felt ecstatic!

Immediately, Chen Yao opened his social account and sent information to Guan Xin R&D.

"Senior sister, do you know who is the richest in the world?"

After waiting for a while, the other party replied.

"Bezos, founder of Amazon."

"No, the richest one is the bank! The fab funds can be solved by looking for the bank."

"You mean, look for a bank loan? Do you think they will lend us a loan?"
Chapter completed!
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