Reinventing the Millennium.

On September 9, Morningstar Semiconductor was listed in Xiangjiang.

As an international high-tech company focusing on the research and development of hybrid video signal control chip technology, Morningstar's IPO financing of US$2 million has been smooth and has been sought after by many institutions.

In the six years since its establishment to the present, Morningstar has grown rapidly at an annual growth rate of more than 50%. From monitor chips to TV chips and mobile phone chips that have been approved, it has gradually become a world-renowned IC design company.

In 2005, MStar became the world's leading supplier of LCD monitor chips. This year or next year, MStar is expected to become the world's No. 1 LCD TV chip market share.

With such a development momentum and such R&D capabilities, Morningstar Semiconductor has a promising future.

However, as Wei Boyun, the company's recently promoted senior vice president and marketing director, he has been anxiously waiting from last night to this morning.

As soon as Wei Boyun received Mr. Liang's call, he realized that there was a big problem.

He is a person who has been fighting in the mainland, South Korea, and Japan's first-tier markets, and he knows where the company's future lies.

In the past few years, the rapid development of Morningstar Semiconductor is inseparable from the rapidly growing market in the mainland, and it is also inseparable from the strategy of grabbing market shares at low prices for its own products, but this does not mean that it can continue forever.

The upstream and downstream of semiconductors in the Japanese and Korean markets are relatively tight. Now that MediaTek has entered the field of TV chips, MStar has already suffered significantly greater competitive pressure.

The difficulty of jumping from TV chips to mobile phone chips is not like developing from monitors to TVs, as evidenced by the repeated tape-outs from last year to this year.

Under such circumstances, a mobile phone brand that has a huge local advantage and has already competed overseas appears to be commendable.

Wei Boyun can responsibly say that as long as Morningstar can reach a cooperation with Yike, it will be a new world.

on the contrary……

Ding dong.

The elevator opens.

"Mr. Fang!" Wei Boyun waited for Mr. Fang, whom he hadn't seen for a long time.

"Oh, Mr. Wei, I heard that you have been promoted. How are you doing?" Fang Zhuo smiled at the familiar Wei Boyun.

Seeing the kind smile, Wei Boyun breathed a sigh of relief, and said while following him, "It's okay, but the pressure is even greater."

"Well, get in the car." Fang Zhuo glanced at the scattered reporters and got into the car first.

Wei Boyun made a half circle and sat in the co-pilot.

However, as soon as he sat down, he found out from the corner of his eye that there was no smile on Mr. Fang's face, and he said "Gordon" in his heart, but he still had to bite the bullet and bring up the most important topic: "Mr. Fang... this time I heard that the chip..."

"There's nothing to talk about. President Liang and I have already talked. Don't embarrass me." Fang Zhuo said lightly.

Wei Boyun felt that he was the one who was really in trouble.

He thought about the greeting Mr. Fang had just greeted him, and tentatively talked about his job after promotion, and about Morningstar's development of the Japanese and Korean markets.

This was really not interrupted by Mr. Fang.

Wei Boyun's thoughts gradually became smoother: "Mr. Fang, you are a shareholder of the company. This listing is a great joy for Morningstar. The future development of Morningstar will depend on you."

"I know what you are here for, Mr. Wei, the cooperation between us depends on you and not on me." Fang Zhuo looked at the street scene in Xiangjiang, "Do you think that the important products of a company can be determined based on such a relationship? ?”

"Mr. Fang is right. Only good products can achieve mutual success with good products." Wei Boyun said calmly, "We at Morningstar have the confidence to produce good products, but it takes some time. If there is something wrong, please criticize it. How much we can improve."

Fang Zhuo frowned, and was not polite, directly criticizing Chen Xing's "inaction" for more than half a year.

It might be a bit of a stretch to say nothing was achieved, but 59 and 0 are both failing grades.

The car arrives at the Hong Kong Stock Exchange.

"It's not that I want the morning star card, it's the product department who put forward opinions." Fang Zhuo said before getting out of the car, "As a potential collaborator

Yike has provided you with a lot of convenience. If you can’t grasp the opportunity, what can I do? "

Wei Boyun saw sweat on his forehead, and when Mr. Fang got out of the car, he hurried down to accompany him into the Hong Kong Stock Exchange.

Morningstar went public today with an issue price of HK$37 and an estimated market value of US$21 billion.

At this time, the leader, Liang Gongwei, was being interviewed by the media in full glory.

Fang Zhuo didn't intend to come over, and the secretary assistants also separated from the reporters who saw Mr. Fang coming over.

"Mr. Fang, you are right to criticize. Morningstar has wasted time and opportunities in the past few months." Wei Boyun is still trying to get Mr. Fang to change his mind, "But we are indeed working hard. An objective reason is because of the previous acquisition. The French team did not integrate well enough, and this problem has now been effectively improved.”

He mentioned Morningstar's acquisition to enter the field of mobile phone chips, and let that side take the blame first.

Fang Zhuo glanced at Wei Boyun, and said in a calm tone, "As a collaborator, what I said was more straightforward, which may hurt people."

"Ah no, Mr. Fang, it's because we didn't do our job well. Your words don't hurt anyone. I'm rather sad, but the sad thing is that we didn't seize the opportunity given by Yi Ke." Wei Boyun felt that criticism would In exchange for understanding, that is simply the most cost-effective thing in the world.

Fang Zhuo nodded slightly: "Just now as a partner, now as a shareholder, I have to say a few more words. IPO is far from the end. Taiwan has MediaTek, and China has Spreadtrum. The road to price wars is not easy. If Morningstar loses If you don’t lose your spirit, the issue price is probably the highest point.”

Not everyone can win the price war, but the threshold for participation is definitely not high.

MediaTek has been concentrating on the small M on the same island, making efforts in the field of TV chips, and Spreadtrum, which is located in Shencheng and belongs to Tsinghua Unigroup, is also trying low-end mobile phone chips.

Wei Boyun nodded cautiously, and was criticized by Mr. Fang for another half an hour in a blink of an eye.

"I don't know how you make decisions within Morningstar." Fang Zhuo said dryly, "But since Mr. Wei came forward and you are so sincere, let's see how your chips are doing in December this year. .”

Compared with the statement given to Liang Gongwei yesterday, this is another two months of grace.

Wei Boyun was overjoyed, without losing his composure, he just said calmly: "Don't worry, Mr. Fang, Chenxing will definitely come up with the best design."

Fang Zhuo looked at Wei Boyun, and said meaningfully: "This time it's about our friendship, not Morning Star, or Liang Gongwei, but it's just this one time."

He walked to the reporter who had been waiting for a long time on the other side.

Before Wei Boyun had time to savor President Fang's words, he breathed a sigh of relief, and then felt sweat all over his back.

"Mr. Wei, drink some water." Secretary Liu Zonghong didn't follow the boss to maintain the order of the interview, but gave Mr. Wei a bottle of mineral water in a considerate manner.

Wei Boyun thanked him and gulped down half the bottle.

"Secret Liu, how is MediaTek's cooperation with our company going?" Wei Boyun saw Mr. Liang's gaze, but he didn't rush over there, but took the opportunity to inquire about the news with Mr. Fang's secretary.

Liu Zonghong shook his head: "I don't know about this aspect."

He looked at Mr. Wei's expression and revealed the news: "Mr. Wei, don't worry too much. Mr. Fang mentioned Morningstar yesterday and praised your achievements in the market. He said that Morningstar would never be where it is today without you. listed."

Wei Boyun smiled wryly, and was quite complacent at first, but after waiting like this all night and being trained for nearly an hour, his head went numb.

However, Mr. Fang has good people around him, and Secretary Liu is very kind when he sees him several times.

Wei Boyun sighed: "Miss Liu, thank you for your comfort. If you have time these two days, I will treat you to dinner."

Liu Zonghong smiled slightly, neither agreed nor refused.

Wei Boyun left, he still needs to inform the boss.

Liu Zonghong looked at this man's back, and considered whether to call Zhang Xuebin of Luzhou Meiling at noon or in the afternoon. No matter what kind of performance of Morningstar's IC design, Meiling might have further contact with MediaTek.

and he knows
Yike will neither choose Morningstar nor MediaTek this time, and will still maintain cooperation with Qualcomm.

The boss cannot be blamed for this matter, as Mr. Fang said, if the opportunity was given but not seized, now after that point, there is no way.

Liu Zonghong looked at the exchange between Wei Boyun and Liang Gongwei, thinking about the situation of Morning Star, wondering whether the stock price will reach its peak today.

Fang Zhuo, who was being interviewed on the other side, did not expect to be a shareholder of Morningstar to help out today, but most of the reporters asked about Yi Ke.

"Mr. Fang, have you considered that Yike is also listed on the Hong Kong Stock Exchange?"

Fang Zhuo replied: "Eco has performed well in the US stock market and is not short of money. I have no such idea for the time being."

"Mr. Fang, why hasn't Heung Kong seen Mars for a long time? Are you looking down on Heung Kong's market?" A reporter asked in succession, "Have you heard the voice of Heung Kong's consumers? Are you ignoring them on purpose? ?”

Yike mobile phones are not distributed in Xiangjiang. Last year, the first generation of Mars only had a small number of products on the market, and this generation of Mars2 is completely missing.

This made many Xiangjiang consumers simply go to Fangzhuo Weibo to respond to their questions, and Yike Company also received many direct inquiries.

Fang Zhuo replied calmly: "The operator of Xiangjiang has some objections to Yike's sales model. We are working hard to solve this problem, and I believe it will be normal soon."

The five 5G operators in Xiangjiang were not very enthusiastic when the first generation of Mars was released. By the second generation this year, they were not willing to purchase and distribute, but proposed a regular sales model.

Yi Ke saw that the attitude here was rather arrogant, so he kept talking in a nonchalant manner.

At present, a breakthrough lies in Peoples Telephone Company, a subsidiary of China Mobile in Hong Kong. However, it only has a 2G license now.

If we really can't agree...then we can't agree.

Yike mainly focuses on three major markets, the mainland, Europe and the United States.

The reporter was not satisfied with Mr. Fang's answer: "Mr. Fang, do you think that there are not enough consumers in Xiangjiang, so you despise them?"

Of course Fang Zhuo could not admit this, and denied it: "No, not only did I not underestimate, but I attached great importance to the consumers here. As I said just now, it was the operator who had a disagreement with us. For the sake of the Xiangjiang market, I even considered acquiring or establishing a A telecommunications company."

The reporter was surprised: "Acquisition or establishment?"

Fang Zhuo smiled and said, "How is it? Am I good to consumers?"

It sounded like it was true just now, but when it came out, it seemed like a joke.

The reporters couldn't figure out the situation for a while, and asked to verify the authenticity.

Fang Zhuo smiled and said nothing, unwilling to answer this question again: "It's almost time, I don't have any questions, so I went to see the clock ringing. This is the first time I have come to the Hong Kong Stock Exchange to watch the clock ringing."

"Mr. Fang, you will be able to watch it for the second time soon, right? Aren't you coming to the IPO of Yongke Real Estate?" The reporter mentioned another company with a deeper connection.

"Almost, if you're not busy then." Fang Zhuo replied vaguely.

It may be busy in the future, Yongke Real Estate has cultivated a very independent company, which is reassuring, and it doesn't matter if he comes or not.

The time is about to reach 09:30. The HKEx says it is ringing the bell, but it is actually ringing the gong.

Fang Zhuo didn't answer any more questions, and walked towards Liang Gongwei who had been waiting for a long time after entangled for 2 minutes.

"Mr. Fang, you come, you come." Liang Gongwei wanted Mr. Fang, a shareholder who held 14.5% of the shares after the IPO, to strike the gong.

"Morningstar is listed, and you, the founder, can't do it if you don't knock." Fang Zhuo refused.

Liang Gongwei insisted that President Fang also take the stage.

"I'm not going to knock, or let Mr. Wei go up and knock." Fang Zhuo suddenly glanced at Wei Boyun next to him.

Wei Boyun was taken aback by this proposal and quickly rejected it.

The founding elders next to him looked at the senior vice president Wei Boyun in unison.

"Mr. Liang, Mr. Fang, you are together, you are together." The rest of Chenxing urged, and handed over the second gong.

Seeing that the time was really approaching, Fang Zhuo had no choice but to agree.

Liang Gongwei and Fang Zhuo took the stage together, and the real time was displayed on the screen behind them.

At the moment of [-]:[-], the two struck the gong with the hammer at the same time.

The crisp sound announced the successful listing of Morningstar Semiconductor.

On September [-], MStar Semiconductor (the new stock name is "Cayman Morningstar", stock code "") was officially listed on the main board of the Hong Kong Stock Exchange and successfully landed in the capital market.

Mr. Liang Gongwei, chairman of the board of directors of Morningstar Semiconductor, Mr. Fang Zhuo, a shareholder, and the company's senior management attended the bell-ringing ceremony.

Representatives of Goldman Sachs, the sole sponsor and sole global coordinator, representatives of Heung Kong Securities Co., Ltd., the joint lead manager, and guests from various listing guidance institutions jointly witnessed the glorious moment of the listing of Morningstar Semiconductor.

Media reporters took a picture of Liang Gongwei, the head of Morningstar, and Fang Zhuo, the richest man in the mainland, smiling at each other, and published it as a report photo, with the title "The richest man in the mainland landed on the Hong Kong Stock Exchange".

In the afternoon, with the good news that MediaTek and Luzhou Meiling confirmed the cooperation and the prospect of Changhong’s business, Morningstar’s share price fell below the issue price of 37 and closed at 35.5 Hong Kong dollars.

Wei Boyun: ...

Leung Kung Wai: ...

More reports followed.

——The listing broke the stock, and the richest man in the mainland missed the Hong Kong Stock Exchange.

——Morningstar ushered in the dusk, and the TV chip field may face the biggest challenge.

—— MediaTek presented Chenxing and Fang Zhuo with big gifts, and the backyard of the main business caught fire.
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