There is a bar in Houhai

Chapter 584 Birthday
This year's birthday, Shen Fang and Qin Mohan did not spend in Huaxia, but after finishing Qin Mohan's fan meeting, the two of them took a special plane to Xiangjiang the next day.

On June 6, Liang Hui's daughter Ruo Ruo will hold a birthday party in Xiangjiang. In order to support her goddaughter, Shen Fang and Qin Mohan were invited to attend.In addition, Ink, which has regained confidence, will also participate in the night game on Wednesday, June 2rd.

In fact, Shen Fang had another important task. After arriving in Xiangjiang, Qin Mohan and Liang Hui took Ruo Ruo shopping with them, planning to prepare a birthday gift for Ruo Ruo.Shen Fang came to the Xiangjiang Branch of Wild Fox Investment in Central.

"Boss Shen, Boss Cai. I'm willing to accept the punishment if things haven't been done well." Shen Cheng looked at Shen Fang and Cai Ruiheng with shame on his face.Uncle Biao handed over Wild Fox Investment Xiangjiang Branch to himself, and gave him 5% of the shares of Xiangjiang Company, but he messed up the matter.

Shen Fang frowned, and asked Shen Cheng: "ASML will plan to produce 2016 12nm lithography machines in 7, and according to the shareholding agreement, we should also be able to get two 7nm EUV lithography machines. Just do it."

Shen Cheng explained to Shen Fang: "We undertake the equipment in the name of Huawei Electronics, which violates the Wassenaar Agreement, and the board of directors has the right to refuse."

"It seems that I was negligent." Shen Fang shook his head and smiled wryly: "It seems that Huaxin International is not working either."

The full name of the Wassenaar Agreement is the Wassenaar Agreement on Export Control of Conventional Arms and Dual-Use Items and Technologies, which is an agreement by Western countries to limit the development of China's technology through technological monopoly.Shen Fang always thought that the Western background of Wild Fox Investment Company, coupled with the technical support of Aoshi Company, could bypass this agreement, but they still caught the loophole in the end.

Shen Fang said to Cai Ruiheng: "Mr. Cai, the "Wassenaar Agreement" seems to be an unavoidable hurdle, and Tesla's technology authorization must be accelerated."

At this point in time, the United States is currently in a chaotic period before the change of office, and the Wild Fox Company can still make money out of the fire.If the situation becomes clear, whether it is the Democratic Party or the Republican Party, if they include new energy technologies in the Wassenaar Agreement after they come to power, it will be a waste of money.

Cai Ruiheng is still very relieved about Tesla: "I will arrange this. Tesla's technology belongs to civilian use, and engineers are already in place. After all, this factory has 8% of Tesla's shares, which can be counted as technology licensing fees. And if We are really going out of our way, and Musk will definitely not give up the big market of China."

Returning to the topic just now, Shen Fang looked at Cai Ruiheng and Shen Cheng and asked: "Is there any other way to solve ASML's lithography machines? Can't we just watch them sell to others? With the popularity of smart phones in the future, mobile phones The chip market will rise rapidly, and if we cannot complete the layout 16 years ago, then we may miss the opportunity for the next leap.”

Shen Cheng admired this little cousin very much. As an investor, he didn't miss any of the projects he was looking for, but Shen Sheng had absolutely no way to solve this problem at present.As a native of Xiangjiang, he has never felt the power of the Wassenaar Agreement because Xiangjiang is not in the area limited by this agreement.

"Xiangjiang!" Shen Sheng and Cai Ruiheng looked at each other, and then said the name of the place at the same time.

Shen Fang thought for a long time, then shook his head: "Xiangjiang's semiconductor industry is too weak, and the few existing semiconductor companies in Xiangjiang can only produce simple small-scale integrated circuits for specific markets and specific needs, and the technical reserves for chips are not enough. .”

This is caused by the special geographical environment of Xiangjiang. Xiangjiang, once one of the four Asian tigers, as a free economy and the world's three major financial and trade centers, determines that its economic development will not be towards high-tech.With the special support of the United States, many companies in the Gulf have developed many world-class chip manufacturers.

"How is MediaTek doing recently? I heard that their market value has been cut in half." If Xiangjiang couldn't find a suitable company, Shen Fang had no choice but to invest in Wanwan's chip technology companies.MediaTek, which is close to bankruptcy and squeezed by Qualcomm and Ziguang Spreadtrum this year, will be a good target.

In the 3G era, MediaTek's integrated mobile phone baseband chips became the darling of Chinese copycats. With the help of the mainland market, MediaTek's market value in 2010 once exceeded NT$4000 billion, or about US$120 billion, while TSMC at that time was only US$180 billion.

In 2014, TSMC won the iPhone chip business, and MediaTek was suppressed by Qualcomm's 4G patents. The two Gulf chip companies have begun to gradually widen the gap. At present, TSMC's market value has exceeded 400 billion U.S. dollars, surpassing that of Germany. It has become the second largest chip production and processing enterprise in the world after Qualcomm.

Since the second half of 2014, the world's three major mobile phone chip manufacturers, Qualcomm, MediaTek, and Spreadtrum, have been full of price wars, and the competition has become increasingly fierce.In this war, MediaTek is the most passive. As a chip research and development company, they do not have their own supporting factories.At present, the 3G market is being squeezed by Spreadtrum, the 4G chip has failed to compete with Qualcomm, and the current foundry costs of TSMC and Lianhua have also remained high.Since the beginning of 2015, the market value has been falling all the way, currently only 57 billion US dollars, and the second quarter financial report will be released soon, it is estimated that the valuation of this company will be further lowered.

MediaTek is already in contact with TSMC, ready to sell itself. TSMC is because it wants to focus on chip foundry, and has not yet considered whether to acquire this little brother who originally wanted to pry its boss.

Due to the special political and economic system of Wanwan, mainland companies and even Xiangjiang enterprises related to mainland funds are not qualified to acquire Wanwan enterprises.So looking at MediaTek, which has almost fallen to the bottom, is a little jealous, but Shen Fang still has no way to win it directly.

Shen Fang thought for a while and said to Cai Ruiheng: "Mr. Cai, if MediaTek is acquired in the name of American Wild Fox Investment Company, is it possible to succeed?"

"Our current book capital of Wild Fox Investment Company America is only one billion US dollars. If we want to complete this acquisition, we must use capital leverage and find Goldman Sachs or Morgan Stanley to come forward for the merger."

"No." Shen Fang said decisively: "Whether it is Goldman Sachs or Morgan Stanley, the acquisition intermediary fee of up to 20% is too high, and even if the acquisition is completed, they will have to accept their financial review in the next few years, which is not good for our future operations. "

After rubbing for a long time, Shen Fang said to Cai Ruiheng: "Tell the Saudi sovereign wealth fund that according to the valuation of 500 billion, we will sell 8% of Uber's shares to them. Then we will acquire a shell company in the United States to acquire MediaTek. According to MediaTek The current market should not have hit the bottom, and after the second quarter financial report in July, it is estimated that about 50 billion should be able to be won."

Now that the decision has been made, Cai Ruiheng immediately prepared to implement it, and began to contact Peter who was far away in Yanjing to discuss how to proceed.Shen Fang, on the other hand, confessed a few more words to the two of them, and must be careful to keep it secret.Especially for Shen Sheng, this will be the last test for him. If he can pass this test, Xiangjiang's Wild Fox Investment can be entrusted to him to take charge.

After explaining everything, Shen Fang said his goodbyes and left. His birthday was coming soon, so he didn't have the energy to deal with these numbers here, and he left professional matters to professional people.He's still good at directional guidance.

Cai Ruiheng had long been used to it, and took out two gifts from his bag and threw them to him, which was regarded as a birthday present for him and Qin Mohan.It is estimated that the task assigned by the boss is busy, and he may not have time to attend his birthday dinner.

Shen Sheng stood aside with admiration, investing 5 million U.S. dollars in ASML in the name of Wild Fox Xiangjiang Company, which made him feel that he had reached the pinnacle of his life, and he could write a strong stroke on his resume.Unexpectedly, in this short period of time, my little cousin has already decided to acquire a chip company with a market value of more than 100 billion US dollars, and he still waved his hand and left in such a calm manner.

"Are you done?" Seeing Shen Fang approaching, Qin Mohan asked him to sit beside her.

Liang Hui, who had been to Xiangjiang many times, was familiar with this place. She found a more stylish cafe and sat here with Qin Mohan waiting for Shen Fang.

Shen Fang nodded, and while stretching out his hand to tease Ruo Ruo who was staring at him with wide eyes, he replied: "Well, I'm done, this time it's more troublesome. In order to restrict us, these companies from Western countries even connected with the Wassenaar Agreement. "All moved out."

"It's fine." Qin Mohan didn't want to worry about Shen Fang's investment matters, nor was he interested in knowing the details, so he took out a black gift box from his bag and handed it to Shen Fang: "I bought you a watch as a birthday present. "

Ever since Shen Fang gave Qin Mohan an Audemars Piguet couple watch for the first time, she fell in love with this brand. "Aibi", true love Aibi, what a beautiful meaning.

"This is the watch that Mo Han personally chose for you." Liang Hui said enviously, "110 million, this girl doesn't even blink."

Qin Mohan joked to Liang Hui: "Didn't you also buy a Jaeger-LeCoultre watch for Brother Liu? We love each other, and you are trying to persuade Brother Liu to buy Jaeger-LeCoultre and go home more often."

Shen Fang didn't care about the bickering between the two women, but looked at this watch, the Audemars Piguet Royal Oak series classic watch, with a black stainless steel case, an octagonal bezel, a checkered dial, and a dial integrated with the case. Belt, very masculine.And the strap has been adjusted according to Shen Fang's wrist.

Shen Fang took off the couple's watch that he had worn for two and a half years and handed it to Qin Mohan, and then tried it on, the size was just right.

Ruo Ruo's birthday party was held at the time-honored "Ayi Abalone" restaurant. Liu Yikai's father is a veteran entertainer in Hong Kong. He played Feng Jingyao in "Shanghai Beach" and Hong Qigong in "The Legend of the Condor Heroes". of.

There are quite a few celebrities in the Hong Kong film and television industry who came to congratulate this time, even Fa Ge and Hua Tsai came in person. The arrival of Jiang Zhiqiang, the boss of the film and television company, is obviously not something Liu's father can climb.

(End of this chapter)