Reinventing the Millennium.
Chapter 568 Research and Development
Chapter 568 Research and Development (Two in One)
Fang Zhuo returned to Shanghai. Unlike Luzhou Bingxin's annual vacation, the Spring Festival atmosphere of Hang Lung 23 has passed.
The key project, Tesco, is about to go online in half a month, and everyone is making intensive preparations for it.
Two days earlier, Taobao announced in a high-profile manner that it is already the e-commerce brand with the largest domestic market share, claiming that it has reached 6% of the market share.
Many people are skeptical about this data.
Last year, the competition among Amazon, eBay, Dangdang, and Taobao was in full swing. With regard to the TV commercials before the Chinese New Year and eBay’s massive publicity, how could it be possible that after a Lunar New Year, more than a month has passed?
However, eBay, Taobao's main competitor, did not respond to such a claim, which seems to confirm Ma Dian's statement in front of the media.
Did Taobao really reverse the market and beat eBay? !
It's not that Taobao's competition is not difficult. It can be seen from its continuous financing last year that the situation is very tense, but... eBay is an international giant with a market value of tens of billions of dollars!
I always feel that Taobao needs to pay more to become the first.
Fang Zhuo listened to everyone's discussions during the Hang Lung 23 meeting and gave his own thoughts.
"International giants are not as scary as imagined, and there is no problem in being a paper tiger strategically."
"But it's too early to say that Taobao has firmly established itself as the No. [-] market. If you occupy [-]% of the market, can you give up lightly because of this?"
"The competition between Taobao and eBay will continue for a long time."
"Of course, Taobao will definitely have the last laugh. The localization of international giants has always been a problem. eBay has not done well in Japan. This time, it still has not absorbed experience in China."
"The same applies to Amazon, our B2C competitor."
"On March 3st, e-buy was launched. We have two goals, first to be the first in B1C, and to beat Dangdang and Amazon."
When Fang Zhuo said this, he looked at Su Wei, the president of e-buy who was next to him.
Su Wei understood Mr. Fang's meaning, looked around the executives in the conference room, and said the second goal: "Be the first in e-commerce again."
After hearing such a clear goal, a group of senior executives were gearing up and eager to try. Tesco has already prepared a lot of things, and now it is finally going to have a try.
Fang Zhuo left the rest of the time to Su Wei, and while listening to her divide the specific affairs, he scanned around the senior executives present.
This team that aims to be the number one in e-commerce is now composed of four pieces of input from Yike, Yike, Dazhong, and friends. What can be done can only be achieved through practical training. Perhaps, you can invite another Those who are interested will come to play for assistance.
At 10:30 in the morning, the high-level meeting of Hang Lung 23 ended.
Fang Zhuo and Su Wei walked towards the president's office and exchanged ideas: "How about I invite Shao Yibo? Do you think we can do things together?"
"Shao Yibo? The one from eBay? Didn't he go to America?" Su Wei was a little surprised.
Shao Yibo is the founder and president of eBay. After the company was acquired, he became the vice president of eBay, but he left for the United States at the end of 03 due to family reasons.
Su Wei knew about this person when she was sorting out the domestic e-commerce landscape after confirming that she had taken over the e-buy project.
She thought for a while, and made a hypothesis: "Mr. Fang, do you think eBay would be at a disadvantage in domestic competition with Taobao if he hadn't gone to the United States?"
"Localized competition needs someone who knows the local situation at the helm. He may make eBay's competition not so bad, but it will not change the final result." Fang Zhuo commented, "As long as eBay does not delegate power, who will replace it?" It's useless."
He pushed open the door of the president's office and continued: "This is not the case of the eBay family. Amazon is also unwilling to delegate power to the domestic team. In essence, they think their way can be handled and they don't trust the Huaxia team."
"This is a common disease, and there is no cure."
Fang Zhuo made a pot of tea and said with a smile: "But I think he is still very talented. He jumped out of eBay and eBay and watched the company that he built with one hand fall into a disadvantage. Doesn't he have no ideas at all?"
"I think I can talk to him, e-buy is still short of talents."
"It's just that I have to ask your president for his opinion. Do you think he is suitable to be our vice president?"
Su Wei didn't answer immediately, and pondered for a while. This person is not very old, but he is indeed a senior. How to distribute power after he comes is an important question.
Before she could answer, the president's office welcomed a visitor.
"Old leader, I wish you a happy old age."
Fang Zhuo got up to greet him. This was Judy who called him in the middle of the meeting to pass by.
Judy nodded to Su Wei who also greeted herself, sat down on the chair beside the desk, and complained: "Mr. Fang, what time is this? I'm still in my old age. You've been tossing and tossing. It's hard."
Fang Zhuo didn't know what the purpose of Qiu Lanhua's slightly abrupt visit was, he wondered, "What happened? Are you going to the CPPCC again?"
Judy choked, and then said angrily: "Can I hope for a little better?"
"The different positions serve the public." Fang Zhuo said with a smile.
Judy couldn't help but glared, and said, "I'm here because you want to poach our corner, President Fang, I heard from President Zhang that you want to set up an ICC outside Shencheng, that is, the Integrated Circuit Technology and Industry Promotion Center. "
Fang Zhuo frowned, not because Mr. Zhang told Lao Qiu about it, but because he was surprised that such a thing was worth Lao Qiu's trip.
He shook his head: "That's it?"
Instead, Judy calmed down and said, "Mr. Fang, you are different now. Everywhere you go, you are received by big leaders. They don't understand the difficulties of small officials like us. ICC is the job of the Science and Technology Commission. If you say you don't help, it's fine. Still thinking about splitting up, Mr. Zhang discussed this matter with ICC, and the Science and Technology Committee knew that I still have a little friendship with you, the big boss, and after finding me, it was a sincere word."
"Tell me directly." Fang Zhuo thought for a while, "What I want to do has nothing to do with Luzhou and Anhui Province, it's purely for cooperation and progress."
"I'm afraid you won't be able to talk." Judy calmly gave a very strong reason.
Fang Zhuo glanced at the old leader, unable to believe what he said, and then glanced at Su Wei again.
Su Wei nodded, and gave the answer silently, Mr. Fang is not easy to talk sometimes.
Fang Zhuo turned his eyes and said in a deep thought: "There are a lot of misunderstandings about me in Jianghu. I didn't expect that the scope of this misunderstanding is wider than I imagined."
"So, Mr. Fang, you promise me that you won't do an ICC business in Luzhou. When I get back, I'll tell the science and technology committee how considerate your big boss is." Judy first sat down to confirm what was entrusted.
"Then how about I want to form an ice core wafer manufacturing service alliance? By the way, invite SMIC's packaging factory to participate?" Fang Zhuo asked tentatively.
"As long as it's not an ICC." Judy nodded.
Fang Zhuo was a little confused about the brain circuits of these people. If he co-authored with Shencheng ICC, why wouldn't he let himself get Luzhou ICC?
He looked at Lao Qiu for a few seconds, and sighed: "If someone else said it, I would go to the fuck, but the old leader came to me in person, no matter how much doubts and reluctance I had in my heart, I had no choice but to agree."
It was not the first time for Judy to deal with Mr. Fang, and she cooperated sincerely: "I know that Fang is always a nostalgic person, although now he is often led by Wang and Li, but he still understands the suffering of small officials like us. "
Fang Zhuo shrugged: "Qiu Xiaoguan still needs to work hard."
Judy nodded: "Boss Fang is showing mercy."
Su Wei was amused when she heard the two singing together.
"Nothing else? Is this really the case?" Fang Zhuo finally confirmed.
Judy confirmed: "On this matter, I will drop by and talk to you. It just so happens that I will pay back the favor I owe you this time."
"Then... have something for lunch?" Fang Zhuo said while opening the cabinet and taking out two boxes of bergamot.
Judy refused, "No, there are other things."
Fang Zhuo handed over two boxes of tea, and Judy left after taking them.
"He brought the National People's Congress to the company like this, and he is not afraid of being criticized." Fang Zhuo only sent it to the office door, and complained to Su Wei.
Su Wei said with a smile: "Major Qiu's reputation is that he often communicates face-to-face with companies to solve practical problems encountered. He has a good reputation. Everyone likes such a leader, who is pragmatic and not unrealistic."
Fang Zhuo nodded slightly, he really didn't know this.
"President Fang, I'm very puzzled about something." Su Wei asked at this moment, "How many bergamots did you buy?"
"I bought a car." Fang Zhuo replied honestly.
Su Wei nodded amusedly, that's fine.
Fang Zhuo saw that she didn't ask any more questions, so he didn't mention the truckload: "The name ICC is not very good. Since Lao Qiu is like this, then don't choose another name, just call it the Ice Core Wafer Manufacturing Service Alliance. I plan to leave this matter to Liu Yangyang."
"Where is SMIC? Don't you invite it?" Su Wei asked.
"Make the frame first, and then change the name if SMIC minds." Fang Zhuo thought for a while, and still hopes that such a frame can play a synergistic role. It will definitely not work in the short term, but ice core is a long-term business. .
E-buy still needs to be reviewed by Su Wei, and Fang Zhuo also needs to take care of Yike and the upcoming game jointly operated by it and Sina. He really needs to work overtime before leaving Shanghai for Tokyo.
……
2 month 21 day.
Fang Zhuo met Liu Yangyang who flew from Lin'an in the president's office.
Before explaining how the "Ice Core Wafer Manufacturing Alliance" was built, he received a call from Luzhou, but it was Professor Hu Zhengming who had arrived in Luzhou.
"Congratulations to Mr. Fang, congratulations to Bingxin, this is a good step." Hu Zhengming congratulated Bingxin on the risk trial production, this is the first time he took the initiative to call.
Fang Zhuo couldn't help laughing in surprise: "Professor Hu, this 130nm breakthrough is no longer top-notch. Did you make a special phone call to congratulate this?"
Hu Zhengming asked: "Then what do you think? How would I react when I heard such news?"
Fang Zhuo thought for a few seconds and said, "I thought Professor Hu would only say two words 'not bad' calmly when he heard the news."
"Mr. Fang really guessed wrong." Hu Zhengming said cheerfully, "You and Mr. Qiu can build a 12-inch wafer fab from zero to now break through the risk trial production of 130nm. Regions are a commendable thing.”
He continued: "I went to TSMC in 01, and they were only competing with IBM at 130nm. The ice core is already very good."
Hearing such praise, Fang Zhuo said honestly: "I always feel that we are neither as fast as SMIC when it was built in one year, nor as fast as TSMC's technology at the international frontier. Um...Professor Hu, today we have With your phone call, my confidence has increased sharply."
"Hahaha, I think Mr. Fang is someone who will continue to do things regardless of whether his confidence increases sharply." Hu Zhengming said with a smile, "It's just that I don't know when Bingxin will be able to practice FinFET. "
Fang Zhuo tasted it for two seconds, and said decisively: "Professor Hu, Ice Core is now going to be mass-produced at 130nm, and it is necessary to continue to advance the process. 90nm and 65nm are just the time for professors to give advice. I believe there will be With the guidance of the professor, Bingxin will definitely be able to start doing FinFET as soon as possible."
"Okay." Hu Zhengming said just one word.
It was too easy to promise.
Fang Zhuo almost choked.
He froze for a moment and didn't speak for a full ten seconds.
Hu Zhengming couldn't help laughing: "Why don't I think about it again?"
"No, no, Professor Hu, I am so happy that I am speechless. With Professor Hu in Bingxin, it is like Liu Bei visiting the thatched cottage to invite Zhuge Liang. Three points in the world are just around the corner!" Fang Zhuo said excitedly.
Hu Zhengming smiled and said: "But, Mr. Fang, I also have something to say first. I don't know if you can agree."
Fang Zhuo said in a deep voice, "Professor, please tell me."
"Catching up with the manufacturing process is a very expensive thing. When I was at TSMC, their annual R&D expenses were close to 10% of the annual revenue. The intensity is quite large. If Ice Core wants to move forward, it is impossible without spending money. It’s not small money.” Hu Zhengming said, “I heard Mr. Qiu say that SMIC’s R&D investment last year was less than 8%, and its revenue was not as good as others’. The R&D investment is not enough, so how can we catch up?”
Fang Zhuo understood.
Regarding the current situation of SMIC, he also talked with Qiu Ciyun when he was in Luzhou, and he learned a lot of the latest news from Wu Jingang. SMIC's research and development investment in 04 was about 8000 million US dollars.
When Professor Hu comes to Bingxin, he must bring research and development.
He agreed to come to HKUST, and was willing to give guidance and certain promises before, but now that Bingxin really has the initial conditions, he naturally doesn't want to waste time on the sidelines, and wants to personally come out to promote development.
So, there was this phone call for commitment to R&D investment.
"Professor Hu, how appropriate do you think the current situation of the ice core is?" Fang Zhuo asked cautiously.
Hu Zhengming was silent for a while, and said: "The annual research and development investment is at least 90 million US dollars. What we have to do is to conquer 65nm. This step is relatively good. The following [-]nm is a huge test."
During his time as the technology executive at TSMC, in addition to helping TSMC complete the accumulation of FinFET technology, he also upgraded the 90nm process, so this step is relatively confident and guaranteed.
"Okay." Fang Zhuo answered in one word without hesitation.
This time it was Hu Zhengming's turn to ask: "Are you sure? Mr. Fang, this kind of thing must be serious."
"Guaranteed 1 to 1.6, Professor Hu, there is still money left in Bingxin's account." Fang Zhuo said, "Goldman Sachs, IDG, and Deutsche Bank will definitely not invest any more money. I can’t rely on others, only myself.”
Hu Zhengming asked: "Just rely on Mr. Fang himself?"
Fang Zhuo took a breath: "The only way to maintain everyone's research and development is to sell stocks."
Hu Zhengming was moved, Mr. Fang has true love for semiconductors.
Fang Zhuo continued: "Maybe next year I can only become the second richest man."
Hu Zhengming: "..."
(End of this chapter)
Fang Zhuo returned to Shanghai. Unlike Luzhou Bingxin's annual vacation, the Spring Festival atmosphere of Hang Lung 23 has passed.
The key project, Tesco, is about to go online in half a month, and everyone is making intensive preparations for it.
Two days earlier, Taobao announced in a high-profile manner that it is already the e-commerce brand with the largest domestic market share, claiming that it has reached 6% of the market share.
Many people are skeptical about this data.
Last year, the competition among Amazon, eBay, Dangdang, and Taobao was in full swing. With regard to the TV commercials before the Chinese New Year and eBay’s massive publicity, how could it be possible that after a Lunar New Year, more than a month has passed?
However, eBay, Taobao's main competitor, did not respond to such a claim, which seems to confirm Ma Dian's statement in front of the media.
Did Taobao really reverse the market and beat eBay? !
It's not that Taobao's competition is not difficult. It can be seen from its continuous financing last year that the situation is very tense, but... eBay is an international giant with a market value of tens of billions of dollars!
I always feel that Taobao needs to pay more to become the first.
Fang Zhuo listened to everyone's discussions during the Hang Lung 23 meeting and gave his own thoughts.
"International giants are not as scary as imagined, and there is no problem in being a paper tiger strategically."
"But it's too early to say that Taobao has firmly established itself as the No. [-] market. If you occupy [-]% of the market, can you give up lightly because of this?"
"The competition between Taobao and eBay will continue for a long time."
"Of course, Taobao will definitely have the last laugh. The localization of international giants has always been a problem. eBay has not done well in Japan. This time, it still has not absorbed experience in China."
"The same applies to Amazon, our B2C competitor."
"On March 3st, e-buy was launched. We have two goals, first to be the first in B1C, and to beat Dangdang and Amazon."
When Fang Zhuo said this, he looked at Su Wei, the president of e-buy who was next to him.
Su Wei understood Mr. Fang's meaning, looked around the executives in the conference room, and said the second goal: "Be the first in e-commerce again."
After hearing such a clear goal, a group of senior executives were gearing up and eager to try. Tesco has already prepared a lot of things, and now it is finally going to have a try.
Fang Zhuo left the rest of the time to Su Wei, and while listening to her divide the specific affairs, he scanned around the senior executives present.
This team that aims to be the number one in e-commerce is now composed of four pieces of input from Yike, Yike, Dazhong, and friends. What can be done can only be achieved through practical training. Perhaps, you can invite another Those who are interested will come to play for assistance.
At 10:30 in the morning, the high-level meeting of Hang Lung 23 ended.
Fang Zhuo and Su Wei walked towards the president's office and exchanged ideas: "How about I invite Shao Yibo? Do you think we can do things together?"
"Shao Yibo? The one from eBay? Didn't he go to America?" Su Wei was a little surprised.
Shao Yibo is the founder and president of eBay. After the company was acquired, he became the vice president of eBay, but he left for the United States at the end of 03 due to family reasons.
Su Wei knew about this person when she was sorting out the domestic e-commerce landscape after confirming that she had taken over the e-buy project.
She thought for a while, and made a hypothesis: "Mr. Fang, do you think eBay would be at a disadvantage in domestic competition with Taobao if he hadn't gone to the United States?"
"Localized competition needs someone who knows the local situation at the helm. He may make eBay's competition not so bad, but it will not change the final result." Fang Zhuo commented, "As long as eBay does not delegate power, who will replace it?" It's useless."
He pushed open the door of the president's office and continued: "This is not the case of the eBay family. Amazon is also unwilling to delegate power to the domestic team. In essence, they think their way can be handled and they don't trust the Huaxia team."
"This is a common disease, and there is no cure."
Fang Zhuo made a pot of tea and said with a smile: "But I think he is still very talented. He jumped out of eBay and eBay and watched the company that he built with one hand fall into a disadvantage. Doesn't he have no ideas at all?"
"I think I can talk to him, e-buy is still short of talents."
"It's just that I have to ask your president for his opinion. Do you think he is suitable to be our vice president?"
Su Wei didn't answer immediately, and pondered for a while. This person is not very old, but he is indeed a senior. How to distribute power after he comes is an important question.
Before she could answer, the president's office welcomed a visitor.
"Old leader, I wish you a happy old age."
Fang Zhuo got up to greet him. This was Judy who called him in the middle of the meeting to pass by.
Judy nodded to Su Wei who also greeted herself, sat down on the chair beside the desk, and complained: "Mr. Fang, what time is this? I'm still in my old age. You've been tossing and tossing. It's hard."
Fang Zhuo didn't know what the purpose of Qiu Lanhua's slightly abrupt visit was, he wondered, "What happened? Are you going to the CPPCC again?"
Judy choked, and then said angrily: "Can I hope for a little better?"
"The different positions serve the public." Fang Zhuo said with a smile.
Judy couldn't help but glared, and said, "I'm here because you want to poach our corner, President Fang, I heard from President Zhang that you want to set up an ICC outside Shencheng, that is, the Integrated Circuit Technology and Industry Promotion Center. "
Fang Zhuo frowned, not because Mr. Zhang told Lao Qiu about it, but because he was surprised that such a thing was worth Lao Qiu's trip.
He shook his head: "That's it?"
Instead, Judy calmed down and said, "Mr. Fang, you are different now. Everywhere you go, you are received by big leaders. They don't understand the difficulties of small officials like us. ICC is the job of the Science and Technology Commission. If you say you don't help, it's fine. Still thinking about splitting up, Mr. Zhang discussed this matter with ICC, and the Science and Technology Committee knew that I still have a little friendship with you, the big boss, and after finding me, it was a sincere word."
"Tell me directly." Fang Zhuo thought for a while, "What I want to do has nothing to do with Luzhou and Anhui Province, it's purely for cooperation and progress."
"I'm afraid you won't be able to talk." Judy calmly gave a very strong reason.
Fang Zhuo glanced at the old leader, unable to believe what he said, and then glanced at Su Wei again.
Su Wei nodded, and gave the answer silently, Mr. Fang is not easy to talk sometimes.
Fang Zhuo turned his eyes and said in a deep thought: "There are a lot of misunderstandings about me in Jianghu. I didn't expect that the scope of this misunderstanding is wider than I imagined."
"So, Mr. Fang, you promise me that you won't do an ICC business in Luzhou. When I get back, I'll tell the science and technology committee how considerate your big boss is." Judy first sat down to confirm what was entrusted.
"Then how about I want to form an ice core wafer manufacturing service alliance? By the way, invite SMIC's packaging factory to participate?" Fang Zhuo asked tentatively.
"As long as it's not an ICC." Judy nodded.
Fang Zhuo was a little confused about the brain circuits of these people. If he co-authored with Shencheng ICC, why wouldn't he let himself get Luzhou ICC?
He looked at Lao Qiu for a few seconds, and sighed: "If someone else said it, I would go to the fuck, but the old leader came to me in person, no matter how much doubts and reluctance I had in my heart, I had no choice but to agree."
It was not the first time for Judy to deal with Mr. Fang, and she cooperated sincerely: "I know that Fang is always a nostalgic person, although now he is often led by Wang and Li, but he still understands the suffering of small officials like us. "
Fang Zhuo shrugged: "Qiu Xiaoguan still needs to work hard."
Judy nodded: "Boss Fang is showing mercy."
Su Wei was amused when she heard the two singing together.
"Nothing else? Is this really the case?" Fang Zhuo finally confirmed.
Judy confirmed: "On this matter, I will drop by and talk to you. It just so happens that I will pay back the favor I owe you this time."
"Then... have something for lunch?" Fang Zhuo said while opening the cabinet and taking out two boxes of bergamot.
Judy refused, "No, there are other things."
Fang Zhuo handed over two boxes of tea, and Judy left after taking them.
"He brought the National People's Congress to the company like this, and he is not afraid of being criticized." Fang Zhuo only sent it to the office door, and complained to Su Wei.
Su Wei said with a smile: "Major Qiu's reputation is that he often communicates face-to-face with companies to solve practical problems encountered. He has a good reputation. Everyone likes such a leader, who is pragmatic and not unrealistic."
Fang Zhuo nodded slightly, he really didn't know this.
"President Fang, I'm very puzzled about something." Su Wei asked at this moment, "How many bergamots did you buy?"
"I bought a car." Fang Zhuo replied honestly.
Su Wei nodded amusedly, that's fine.
Fang Zhuo saw that she didn't ask any more questions, so he didn't mention the truckload: "The name ICC is not very good. Since Lao Qiu is like this, then don't choose another name, just call it the Ice Core Wafer Manufacturing Service Alliance. I plan to leave this matter to Liu Yangyang."
"Where is SMIC? Don't you invite it?" Su Wei asked.
"Make the frame first, and then change the name if SMIC minds." Fang Zhuo thought for a while, and still hopes that such a frame can play a synergistic role. It will definitely not work in the short term, but ice core is a long-term business. .
E-buy still needs to be reviewed by Su Wei, and Fang Zhuo also needs to take care of Yike and the upcoming game jointly operated by it and Sina. He really needs to work overtime before leaving Shanghai for Tokyo.
……
2 month 21 day.
Fang Zhuo met Liu Yangyang who flew from Lin'an in the president's office.
Before explaining how the "Ice Core Wafer Manufacturing Alliance" was built, he received a call from Luzhou, but it was Professor Hu Zhengming who had arrived in Luzhou.
"Congratulations to Mr. Fang, congratulations to Bingxin, this is a good step." Hu Zhengming congratulated Bingxin on the risk trial production, this is the first time he took the initiative to call.
Fang Zhuo couldn't help laughing in surprise: "Professor Hu, this 130nm breakthrough is no longer top-notch. Did you make a special phone call to congratulate this?"
Hu Zhengming asked: "Then what do you think? How would I react when I heard such news?"
Fang Zhuo thought for a few seconds and said, "I thought Professor Hu would only say two words 'not bad' calmly when he heard the news."
"Mr. Fang really guessed wrong." Hu Zhengming said cheerfully, "You and Mr. Qiu can build a 12-inch wafer fab from zero to now break through the risk trial production of 130nm. Regions are a commendable thing.”
He continued: "I went to TSMC in 01, and they were only competing with IBM at 130nm. The ice core is already very good."
Hearing such praise, Fang Zhuo said honestly: "I always feel that we are neither as fast as SMIC when it was built in one year, nor as fast as TSMC's technology at the international frontier. Um...Professor Hu, today we have With your phone call, my confidence has increased sharply."
"Hahaha, I think Mr. Fang is someone who will continue to do things regardless of whether his confidence increases sharply." Hu Zhengming said with a smile, "It's just that I don't know when Bingxin will be able to practice FinFET. "
Fang Zhuo tasted it for two seconds, and said decisively: "Professor Hu, Ice Core is now going to be mass-produced at 130nm, and it is necessary to continue to advance the process. 90nm and 65nm are just the time for professors to give advice. I believe there will be With the guidance of the professor, Bingxin will definitely be able to start doing FinFET as soon as possible."
"Okay." Hu Zhengming said just one word.
It was too easy to promise.
Fang Zhuo almost choked.
He froze for a moment and didn't speak for a full ten seconds.
Hu Zhengming couldn't help laughing: "Why don't I think about it again?"
"No, no, Professor Hu, I am so happy that I am speechless. With Professor Hu in Bingxin, it is like Liu Bei visiting the thatched cottage to invite Zhuge Liang. Three points in the world are just around the corner!" Fang Zhuo said excitedly.
Hu Zhengming smiled and said: "But, Mr. Fang, I also have something to say first. I don't know if you can agree."
Fang Zhuo said in a deep voice, "Professor, please tell me."
"Catching up with the manufacturing process is a very expensive thing. When I was at TSMC, their annual R&D expenses were close to 10% of the annual revenue. The intensity is quite large. If Ice Core wants to move forward, it is impossible without spending money. It’s not small money.” Hu Zhengming said, “I heard Mr. Qiu say that SMIC’s R&D investment last year was less than 8%, and its revenue was not as good as others’. The R&D investment is not enough, so how can we catch up?”
Fang Zhuo understood.
Regarding the current situation of SMIC, he also talked with Qiu Ciyun when he was in Luzhou, and he learned a lot of the latest news from Wu Jingang. SMIC's research and development investment in 04 was about 8000 million US dollars.
When Professor Hu comes to Bingxin, he must bring research and development.
He agreed to come to HKUST, and was willing to give guidance and certain promises before, but now that Bingxin really has the initial conditions, he naturally doesn't want to waste time on the sidelines, and wants to personally come out to promote development.
So, there was this phone call for commitment to R&D investment.
"Professor Hu, how appropriate do you think the current situation of the ice core is?" Fang Zhuo asked cautiously.
Hu Zhengming was silent for a while, and said: "The annual research and development investment is at least 90 million US dollars. What we have to do is to conquer 65nm. This step is relatively good. The following [-]nm is a huge test."
During his time as the technology executive at TSMC, in addition to helping TSMC complete the accumulation of FinFET technology, he also upgraded the 90nm process, so this step is relatively confident and guaranteed.
"Okay." Fang Zhuo answered in one word without hesitation.
This time it was Hu Zhengming's turn to ask: "Are you sure? Mr. Fang, this kind of thing must be serious."
"Guaranteed 1 to 1.6, Professor Hu, there is still money left in Bingxin's account." Fang Zhuo said, "Goldman Sachs, IDG, and Deutsche Bank will definitely not invest any more money. I can’t rely on others, only myself.”
Hu Zhengming asked: "Just rely on Mr. Fang himself?"
Fang Zhuo took a breath: "The only way to maintain everyone's research and development is to sell stocks."
Hu Zhengming was moved, Mr. Fang has true love for semiconductors.
Fang Zhuo continued: "Maybe next year I can only become the second richest man."
Hu Zhengming: "..."
(End of this chapter)
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