I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 311 Chapter 181-182: Do you want to participate? Do you want to play? (Two chapters in total)
Hillhouse Chip BU, a subsidiary of Hillhouse, wants to get involved in the chip manufacturing business?
This is a simple sentence, not to mention the banquet staff of Hua Jiantou at the scene, even if it is our own people within the Hillhouse Group.

Upon hearing the news, everyone's expressions were awe-inspiring, and they were all stunned with shock!

Good guy, this C round hasn’t even been melted yet, so you’re thinking about She Tunxiang and engaging in extremely difficult chip manufacturing?

This might be a bit too hasty!
They have seen companies that expand similar businesses, but usually they can easily reach it with just a jump.

But like now, the difficulty span is so big.

rarely seen!
Ning Yuan, who was accompanying him, could not maintain his calm expression at this moment.

Inadvertently, a few drops of red wine spilled out of the wine glass in his hand.

What does it mean to get involved in the chip manufacturing business?
He knows it very well!

This should be Gao Huaijun’s secret plan B after being tricked by Sansang!

However, in Gao Huaijun's eyes, it was far more than a simple plan B.

There is no other reason, the fungibility is too strong!

However, sometimes this energy is a good thing, but sometimes it is a bad thing.

This cost is not measured in billions, but in the later stage it will be measured in tens of billions.

This industry is extremely expensive!

The price is so low that only a few big players can play.

Do not!
Even big-name companies can’t play it!

Then this harvest. . .

It's still ASML, which purchases photolithography machines in billions of dollars.

Without the involvement of the will from above, this thing would not be able to operate at all.

Of course, the wages of the employees inside are also as low as imagined.

Basically, in the entire chip industry chain, whether it is the design field where Hillhouse is currently located, or the packaging field where ASE is, the combined profits are completely inferior to the chip manufacturing field where Taiwanese Electronics is located.

China's current electronic technology industry, especially the chip manufacturing industry, is blank. I am the one who saved China's technology industry.

These are not things that ordinary companies can play well!

Fujikan, on the other hand, feels complacent by entering with white orders (accepting orders at a loss) and issuing red orders (turning profits into positive values ​​through internal machine research and development and large-scale production advantages).

It is already 2013. It will take a very long time to plan and implement a chip manufacturing plant from now on!
It may take as short as 3 years, or as long as more than 4 or 5 years, but it may not be possible to implement it.

In his opinion.

Hillhouse actually wants to make chips!
This was something he hadn't thought of before coming!
Now he knew why Gao Huaijun was so happy to see him.

Hua Tianyi was stunned for a long time. He looked at the people around him, but they still didn't say anything. They were all looking at him. He couldn't help but touch his chin and smash his mouth. He gently put down the wine glass and said with serious eyes, "Now Gao Lian wants to Isn’t it too early to engage in chip manufacturing?”

Why do you fight with me?

In other industries, OEM is the lowest-profit segment.

Not to mention etching, photoresist and other ancillary products and fields.

If Hillhouse wants to build a chip manufacturing plant in secret, neither Gao Sheng nor Hui Feng will agree to Hillhouse Group’s request!
This disapproval is not a deglobalization blockade caused by the high sensitivity of the chip industry under the big chess game after 2019, but the chip manufacturing industry is different from ordinary manufacturing. For example, to produce plastics, you can just pull up a machine to do it.

Because in the field of manufacturing, chip manufacturing is the most special existence.

A low price directly limits the price ceiling of the entire mobile phone and electronic product OEM industry.

Once this general direction is wrong, sometimes it will be very troublesome!
Investing in this thing and burning money are often more terrifying than gambling and drugs!
Just like the chip manufacturing industry that Gao Huaijun wants to enter, if he invests one billion, he may not even be able to make a splash.

Gao Huaijun’s Hillhouse Technology aims to be the Chinese version of Sansang Electronics!
If we say that the previous Hillhouse Technology was at most an electronic technology company with good R&D capabilities and favored by the government.

I am an idiot!
I use negative prices to take orders, and then produce on a large scale to achieve extremely low profits of less than 3%.

Whether it is a dust-free workshop with higher requirements than an operating room.

This young man is high-spirited and in his prime, and since he was not going well before the age of 30, he more or less has an idea that can save the world!

That is incomparable.

As the boss of Huajian Investment, he has come into contact with a lot of young Internet talents in China. When faced with Gao Huaijun's mentality, he more or less understands it.

Hua Tianyi now knows what Gao Huaijun wants to do.

So now, what if Hillhouse Technology can take a further step in the chip manufacturing industry?
Hua Tianyi had to swallow again. He didn't know how to answer Gao Huaijun now.

At this moment, Hua Tianyi took a deep breath and tried to calm down quickly.

Whether it’s shoes, clothes, or mobile phones, basically the profit is the lowest among the product chains.

"Chip manufacturing can't be done by just spending a small amount of money or just spending one or two billion."

So, Huajian Investment's future status in China will definitely not be comparable to that of CICC, a company that relies on connections!
But. . . .

If Huajian Investment can become the C-round investment of Sansang Electronics in the future, and can support its listing.

It’s really a tricky, dangerous, but hugely rewarding investment case!
If Hillhouse Technology succeeds and moves towards technological innovation, Huaguo Technology will lead the way. . .

But chip manufacturing is completely different.

He didn't dare to think about it anymore!
His pounding heart betrayed him.

After figuring this out, he decided to focus on stability for the time being, so he said tactfully, "It is a very good idea to engage in chip manufacturing. But it is a little early to do such a thing now. If Hillhouse Technology goes public, We still want to do such a thing, and we, Huaji Investment, will fully support Hillhouse’s related business development!”

No matter what I say for now, let’s draw a pie first and then talk about it.

People who work in investment banking are also industry giants, and their ability to paint a big picture is second to none!

In investment banks, a very important job, road show, is actually to show the ability to draw a big pie for investors.

Gao Huaijun also knew that Hua Tianyi's vision and insight were very correct and pertinent according to the current people's perspective.

Because he is responsible for the behavior of a company he is about to invest in! In the era of globalization, chips are everywhere. There is really no need to get involved in the trap of chip R&D and self-production when your scale is not large enough.

And if this scale is large enough, Hillhouse Technology must become the top three in the industry!

However, he clearly understood that now that he was starting to engage in chip manufacturing, time was already very tight!

It is now the beginning of 2013. According to the current development speed of Hillhouse Technology, the ecological layout of the mobile phone industry has actually taken shape. A future Zhongwei is actually ready to emerge.

Sansang has already made some proactive moves now. Will there be any moves six years later?
Will this core node, which is related to the great changes in the world, be brought forward?
Will Gao Huaijun's butterfly effect cause a particularly strong blow?
Gao Huaijun didn't dare to bet!

I really don’t dare to bet!

Therefore, even if the time seems immature and very immature, Gao Huaijun can only bite the bullet and rush forward.

Therefore, he shook his head, chuckled, and said, "It will be too late to think about it after it goes public!"

"Mr. Hua, we are all our own people, so let me tell the truth."

"If we don't reach a certain agreement now, and there is no preliminary agreement on building a chip manufacturing factory, after Hillhouse Technology is listed, we will have eaten all the meat. Everyone, we still have the mood and efforts to gnaw on chip manufacturing, and we are not willing to gnaw on it. A tough guy?"

"Although the proposal of such a concept will lower the PE value of Hillhouse Technology, a large-scale electronic technology group that integrates chip research and development, battery manufacturing, and electronic technology product research and development, and its five major advantages, will form a true sense of the word. Technology closed loop!”

"This kind of advantage can not only ensure the safety of the group's technology, but also quickly reduce the cost of the company's products. Although it is at a disadvantage in the short term, it is at a great advantage in the long-term development process."

As he spoke, he actually asked Shang Yayan to take out a few cigars, and then distributed them with others.

This whole meal session turned directly into a cigar bar, and everyone was filled with mist!

Hua Tianyi and Vice President Zhang looked at each other.

His face was rather solemn.

Gao Huaijun's words didn't seem to be spoken casually.

He actually played it for real!
But think about it. Compared with Wall Street Capital such as Gao Sheng and Hong Kong Capital such as Huifeng Bank, Huajian Investment currently has little advantage.

If Gao Huaijun wants to play the conservative card, there is indeed no need to choose Huajian Investment as a Series C investor and possible future IPO leader!
He is considered a bright card now. If you want to join the game, don't do the same thing as before. Just play according to my game rules.

What if you chicken out?

Sorry about that!

There is no way I would choose you to make this money!

Think about it, Hillhouse Technology’s C round is so easy to get.

If you don't pay a price or shed a little blood, you won't even be qualified to talk.

Vice President Zhang cleared his throat and said, "Mr. Gao, to be honest, Mr. Hua's opinion is very pertinent and objective. It doesn't really matter whether your company wants to be listed on our stock exchange or not. "

"But when it comes to chip manufacturing, should we be more cautious?"

"If you make a wrong step before going public, once investors in the market are not optimistic, the valuation of Hillhouse Technology will likely plummet."

"I have worked hard for eight years to build a company of this size and run it so well. Are you willing to destroy it in your own hands?"

The words were kind, but Gao Huaijun was a little impatient at the moment. He frowned and said, "Mr. Zhang, what do you mean?"

"What you may not realize is that there are nine US-funded investment banks participating in the listing of Hillhouse Technology! All large investment banks quoted prices! There are 5 Hong Kong-funded investment banks and international capital companies from other developed countries, plus The list of companies involved in Shanghuaguo alone exceeds . "

"You still underestimate Hillhouse Technology's competitiveness in the market."

Vice President Zhang and Hua Tianyi both looked at each other in horror.

They knew that some investment banks had submitted prices, but they didn't expect that the competition would be so fierce!
This good guy basically has a complete collection of all the influential investment banks in the world, right?

Normally, these companies are very high-profile, and they are determined not to participate in bidding.

What exactly happened here?
After arriving at Hillhouse Technology Company, he suddenly changed his gender?

Vice President Zhang was slightly embarrassed and said softly, "I don't want to deny the success of Hillhouse Technology. I just want to make a few friendly reminders that we are both partners and friends."

Gao Huaijun coughed twice, then spit out the cigar in his hand, and said, "Hillhouse Technology's move towards self-operated chip business is an imminent and major event for Hillhouse Technology!"

"Competition in electronic technology products is now becoming increasingly fierce. The battle in electronic technology is, in the final analysis, a battle over chips."

"In the future, most users will decide on products, and most actors will do so because of their affirmation of chip technology and production."

"To expand the chip business and tap into the potential of the chip business, I firmly believe that our company, Hillhouse Technology, can definitely hold the lifeblood of the entire electronic technology world."

"In terms of the main future direction of Hillhouse Technology, all funds must be invested in the right path that can promote the development of Hillhouse Technology to the highest level!"

Just like when Hillhouse started building cars, Gao Huaijun insisted on going his own way and had to invest in car research and development and production.

Gao Huaijun used an almost decisive attitude to show his undoubted enthusiasm for chip research and development and manufacturing.

Hua Tianyi frowned even more tightly at this moment.

In his eyes, Gao Huaijun is a paranoid character similar to Pingguo Jobs.

He had seen Gao Huaijun's past experiences.

Know the crazy things he did when he made his fortune.

Previously, Gao Huaijun dared to risk everything and invested in the production and research and development of automobiles when the development of Hillhouse's technology was not yet fully mature.

Obviously, he made the right bet that time!

The current sales of Hillhouse Vehicles are more than twice that of Hillhouse Technology.

This makes Hillhouse the only super-large technology manufacturer in China that can span automobile manufacturing and electronic technology.

But this time, will Hillhouse definitely win?

to be or not to be.

This is a very big question!
Huajian Investment, do you want to take a gamble and invest in Hillhouse Technology?

(End of this chapter)