Chapter 307: Chen Chen's Performance
After the greetings and introductions were completed, everyone sat down one by one.
There was a huge oval conference table with about seventy people sitting around it.
These more than 70 people were all kinds of presidents, chairman, CEO, etc., and their own assistants sat on the chairs behind them.
Because the venue is a bit large, in order to avoid being unable to speak clearly, there is a mini microphone on the table in front of everyone, which is connected to the audio system in the conference room.
As the organizer, Chen Jiansheng sat at the top of the oval table, and Lin Weiqiang sat at the other end as the government representative.
Assistant Li Zhi sat on Chen Jiansheng's right hand, Chen Chen sat on Chen Jiansheng's left hand, and two maids took chairs and sat behind Chen Chen, the same position as the bosses brought their assistant consultants.
After the opening, Li Zhi distributed printed documents to everyone on site and introduced the investment project.
Then Lin Weiqiang gave a simple opening remark on behalf of the senior management, explaining the purpose of calling everyone today.
In fact, it is very simple. Most people have guessed it, just to do a big news and a big project together.
Cooperating with Intel to build a world-leading wafer factory to produce semiconductor products such as processors, which is only the initial goal.
The ultimate goal is to digest Intel's technology, achieve complete localization of technology and build a complete semiconductor industry chain, rather than simply low-level foundry or simple chip packaging.
Such a big project requires money, so I asked everyone to come here.
Lin Weiqiang's subtext is that this big project requires a lot of money, and the richest people in China are all here. To put it bluntly, you just need to pay for it.
Everyone understood this subtext, so when Lin Weiqiang finished speaking, almost everyone's eyes turned to Chen Jiansheng.
The meaning is also very simple. It is okay to pay, but you have to make money.
Investing is to make money, and you can only invest. Whether you can make money now and how to make money depends on Xingchen Technology.
Several of them knew Chen Chen's identity and turned their attention to Chen Chen. These people knew that Chen Chen's opinions were much more effective than her father.
Chen Chen is now focusing on his phone and looking through some information about the wafer factory compiled by Xingchen.
Chen Jiansheng was also very direct, looking at Chen Chen directly, coughed lightly and said, "Chenchen, you can say a few words on behalf of Xingchen 2001 first."
"Uh..." Chen Chen looked up and looked at him. After Chen Jiansheng's proposal, all the big guys here looked at him, one by one, really seriously.
After thinking for a while, Chen Chen picked up his phone again and pretended to read the text to the phone:
"Well, then I'll say a few words on behalf of Xingchen 2001.
"First of all, the initial investment of wafer factory projects is huge, with hundreds of billions or even hundreds of billions of dollars.
"Secondly, the profit cycle is long, and it takes at least two years to produce products. Profits must be put back in years.
“Finally, the current market situation is not good.
"In the past two years, more than a dozen more factories in China have been added. Although most of them are backward process transfers, the most advanced one is only TSMC's 16nm, and it will take 18 years to produce products.
"However, the emergence of these factories has led to changes in the entire industrial chain.
"The most basic raw material for wafer factories, silicon wafers, quickly changed from oversupply to insupply within one year, resulting in a price increase of more than 20% in half a year.
"In the case of insufficient supply, suppliers will give priority to supplying Nand flash memory manufacturers to produce memory particles that have soared prices in the past two years, followed by traditional large customers such as Intel, Samsung, and TSMC. Those low-level ordinary wafer factories may reduce production or even stop production because they cannot get raw materials."
Listening to Chen Chen's words, the big guys here looked at each other and always felt that something was wrong.
This is an investment meeting. What does it mean to not only do you not advocate market prospects or profitability at the beginning of the show, but to pour cold water on everyone?
Chen Jiansheng and Li Zhi shook Chen Chen even more directly, but Chen Chen didn't go to see him at all.
Chen Chen is following his own pace.
Chen Chen continued: "I said this to make everyone mentally prepare and prepare for long-term investment.
"In this wafer factory project, it is impossible to make quick money, make hot money, and it is impossible to make a profit and run away.
"And, in order to maintain the stability of the equity of the operating company, the companies we established will adopt the limited liability company model instead of using joint stock companies or listings.
"Using the model of limited liability companies, that is, equity transfers must be approved by more than half of the shareholders, and they cannot be transferred at will without permission.
"Then, the equity distribution will be distributed using the method of agent holding shares, and the shareholders will be directly controlled within ten."
After Chen Chen said this, the big guys present started to whisper.
In fact, these people all understand the current market situation of wafer factories and the points summarized by Chen Chen.
What's in it is that you can make money, but it's not easy to make money.
But they all came because they all came for artificial intelligence.
If it is just a simple wafer factory project, they are not very interested.
So the big guys at the scene muttered for a while, and the president of a company said:
"I would like to consult. Is this cooperation project a simple wafer factory? Doesn't it involve the research and development and sales of artificial intelligence products?"
This question is something that everyone wants to know, but has not yet determined how to ask.
So, almost everyone's eyes were once again focused on Chen Jiansheng's face.
Chen Jiansheng smiled a little embarrassedly and looked at Chen Chen again. He was not sure how to explain this problem.
Chen Chen made a move to flip through his phone and continued:
"It is precisely because it involves the application of artificial intelligence, but not the sales of artificial intelligence.
"In this project, artificial intelligence-related technologies will be widely used, and solutions and technologies will be obtained from Intel.
"However, this project itself does not involve the external sales of artificial intelligence products."
Chen Chen’s meaning is more blunt. Wafer factories are customers of artificial intelligence products, users, not sellers.
Therefore, as investors, if they want to make money, they still have to consider the profits of the wafer factory itself.
Chen Chen said from the beginning that wafer factories want to make money very slowly, and the time node is calculated in years.
So far, both the bigwigs of these companies, Chen Jiansheng and Lin Weiqiang, have a feeling:
Chen Chen has no idea of finding someone to invest. So far, what Chen Chen has said is telling these people:
"The wafer factory has bad projects, slow money making, and may even lose money. You'd better not come."
But if you savor it carefully, you will find that Chen Chen seems to have a feeling of concealment.
"Yes! Cover!" Many big shots reacted, and Chen Chen felt that he wanted to cover up.
It felt like she didn't want to find someone to invest, but was forced to find someone.
Thinking of this, many big shots subconsciously glanced at Lin Weiqiang and Chen Jiansheng.
The two of them had a strange expression, and they were also a little confused. Could it be that Chen Chen was playing hard to get?
But Chen Chen didn't say hello to them before, and they didn't know how to cooperate!
So this was embarrassing, so the two of them could only temporarily show a very profound expression and let those people guess.
Chapter completed!