Technology company, I will become the light of China!
Chapter 473: The past is resolved and the three major indexes are re-linked
"It's not even nine o'clock yet. I didn't expect everyone to be here so soon. Village Chief Jiang, Village Chief Jiang, Mr. Chen, I hope you are all right."
Xiao Gang brought the two deputy village heads Fei Qixian and Deng Qingwen into the meeting room. While greeting them, he also hinted that the meeting time had not yet arrived and he was not late.
Everyone present is an experienced person. If you are late for a meeting, it will be easy for others to use this as a topic to talk about in subsequent negotiations.
Those who often attend dinner parties know that if someone is late, they usually need to drink three cups as a punishment to win forgiveness from others.
But is it really that easy to forgive?
actually not.
If the dinner involves negotiations of interests, people may take advantage of your lateness to start a conversation and gradually take control of you.
This is also why Xiao Gang specifically emphasized when he entered the door that he was not late, it was just that Jiang Jiahong, Jiang Shoushun and Chen Xing arrived too quickly, and no one owed anyone anything.
"Haha, Village Chief Xiao, how are you?" Jiang Shoushun is the boss of Hong Kong Island, and this is also his territory. He quickly stood up and stretched out his hand to greet everyone warmly.
"Village Chief Xiao."
Jiang Jiahong stood up and nodded.
Chen Xing took a step forward, shook hands and greeted him, "Village Chief Xiao, long time no see. I missed you so much since we last met."
"Haha, you're welcome, Mr. Chen." Xiao Gang responded with a smile.
He actually knew that Chen Xing was trying to show goodwill to him. They currently had the same idea and were allies in the "same camp".
Jiang Shoushun and Jiang Jiahong were smiling on the surface, but after seeing this scene they knew that Chen Xing and Xiao Gang were in the same group.
"Stop standing there, sit down and talk." Jiang Shoushun looked at Chen Xing and Xiao Gang, motioning them to sit down and talk.
"Okay, let's sit down and talk."
"Sit over here."
Xiao Gang, Fei Qixian and Deng Qingwen, the three village chiefs from the China Securities Regulatory Commission, took their seats next to Chen Xing.
It is worth mentioning here that the table used for this meeting is a round table.
Perhaps many people don’t know why round tables only appear in specific meetings, while square tables are the mainstream in daily life.
Meetings with square tables usually have a "big boss" in charge, and are common in daily company meetings, such as meetings with bosses or supervisors. The rectangular table makes it easy to distinguish between people of different status and allows for better use of projection equipment.
A round table meeting is different. It represents that everyone present is equal, and there is no hierarchy in status. This also means that there is no one who can make the final decision in this meeting, and success depends entirely on ability.
It can be seen that the Hong Kong side has put a lot of effort into this meeting.
Although this is just a detail, it shows respect to everyone, because if a square table is used, who will sit at the head seat: Xiao Gang from the mainland, Jiang Shoushun from Hong Kong Island, or Jiang Jiahong from Taiwan?
It is clear.
It's not suitable for anyone to sit there.
In terms of status and power, the village heads of the CSRC in the three regions are of the same rank and level.
After Xiao Gang and the other two sat down, the door of the conference room was closed.
"Although the agreed time has not arrived, since everyone is here, why don't we hold a meeting in advance to avoid any unnecessary complications."
Hong Kong Securities Regulatory Commission Village Chief Jiang Shoushun glanced at everyone and spoke the beginning.
He only brought one person with him tonight, and that was Wang Ming, the chairman of Longrun Group.
This is because Hong Kong Island focuses on finance and has no serious technology companies, so it can only call on Longrun Group to maintain order.
Those who are familiar with Longrun Group also know that it is absolutely qualified to take charge.
Because its predecessor was a material liaison station run by proletarian leaders, its historical peculiarity has allowed it to firmly establish itself as one of the four major groups in Dragon Country.
"Then let's talk about business." Jiang Jiahong, the village chief of the Formosa Securities Regulatory Commission, quickly expressed his opinion.
Beside him are the group bosses such as Zhang Miao, Huang Renxun, and Cai Mingjie, who are also the economic pillar enterprises of Taiwan.
"Well, let's get started."
Xiao Gang expressed the same opinion.
Seeing the two village heads express their opinions, Jiang Shoushun immediately brought up the topic for discussion and said, "Since both of you agree to start tonight's meeting early, I will get straight to the point. What is your attitude towards the Stock Market Integration Plan?"
"I have no objection." Jiang Jiahong reiterated his opinion, but he added: "But as we all know, the A-share market is currently only at 2800 points, while the Hong Kong stock market is at 9000 points, and the Taiwan stock market is also at 6500 points. Since we are talking about integration, we can't simply add, subtract, multiply or divide. We must calculate the weight according to the actual market value of the company."
"That's natural." Xiao Gang smiled calmly, glanced at Chen Xing beside him and said, "Although our A-shares are only at 2800 points, it doesn't mean we can only be at 2800 points. There are a large number of technology companies in the mainland that are not listed."
"Indeed." Jiang Jiahong nodded slightly, expressing his agreement and said again: "There are indeed a large number of excellent companies in the mainland that have not gone public to raise funds, and A-shares also have the potential to soar. This is also the reason why I am willing to attend the meeting."
"but!"
Suddenly, he changed the subject: "Before we talk about the integration of the stock market, I have a few more questions I would like to ask Village Chief Xiao."
"You said."
Xiao Gang looked calm, without any panic at all.
Jiang Jiahong glanced at Zhang Miao, Cai Mingjie and Guo Taiming, and stated his conditions: "The original intention of stock market integration is to attract international capital to invest in our Dragon Country, thereby driving the domestic economic recovery."
"But you also know that the United States has raised its deposit interest rate to 10% in order to attract international capital investment. Our stock market consolidation is like snatching food from a tiger's mouth, which will completely offend the United States."
"Now the problem has come. Our pillar enterprises, such as TSMC, need the lithography machines of ASML Group, which is firmly controlled by the West. Foxconn also needs business orders from the West. How are you going to solve these problems?"
Although TSMC is the leader in chip foundry and held 67% of the global chip production market share two years ago, it is actually a paper tiger. Its lifeline, EUV lithography equipment, is firmly controlled by the West.
The same is true for Foxconn. Its revenue and profits have increased several times in recent years, in fact, thanks to Apple mobile phone orders. The outside world also jokes that it is Apple's OEM factory. Without Apple, its true colors are exposed.
Facts have proved that this is indeed the case.
Ever since Chen Xing released four new flagship models in succession, completely defeating Apple mobile phones, Foxconn's order volume has plummeted, and its net profit in a single quarter is less than half of that in the same quarter two years ago.
As the group's order volume had dropped sharply, Guo Taiming had no choice but to keep the appointment, hoping to get a piece of the Longxing Group's spoils.
Facing the questions raised by Jiang Jiahong, Xiao Gang looked at Chen Xing beside him. Currently, the only one that can save TSMC and Foxconn is Longxing Group.
"Cough cough."
When their eyes met, Chen Xing understood immediately, cleared his throat and said, "The problems mentioned by Village Chief Jiang are actually easy to solve."
"I'm all ears."
Jiang Jiahong looked at Chen Xing.
Although he had never met Chen Xing before, he was very familiar with the reputation of Longxing Group and almost got calluses from it.
The most important thing is that this man was able to convince Huang Renxun to move all of Nvidia's core businesses back to Taiwan, which is also the core reason why he can sit here and negotiate.
"TSMC is short of chip production equipment, namely lithography machines. I can help build a 3-nanometer extreme ultraviolet lithography factory."
"Of course."
Chen Xinggang finished speaking and smiled, "Although they are all Dragon Country companies, brothers should settle accounts clearly. The construction requires TSMC to fund it, and I will send people to build it."
"After the completion of the project, I will take 30% of the chips you produce as technology patent fees. How about that?"
Jiang Jiahong did not speak but looked at Zhang Miao of TSMC.
"No problem. How much does it cost to build one?"
Zhang Miao also knew the current affairs.
A 3-nanometer extreme ultraviolet light lithography factory has a beam accuracy that the West has never achieved. Even a fool knows how to choose.
Moreover, Longxing Group has demonstrated its "dominant" position in the semiconductor field. It not only has 14N18-inch and 20-inch large-size semiconductor silicon wafers, but also 10^20 and 10^25 high-resistance photoresists. It can even produce methacrylate and acrylate. What else do you want with such a strong support?
As the old saying goes, he who knows the current affairs is a hero.
Chen Xing looked at his former rival and said calmly, "The construction cost of a photolithography factory is about 7 million Dragon Country Currency, which includes the purchase of all equipment and the training of personnel."
"7 million is 7 million."
Zhang Miao agreed without hesitation.
You know, a 13.5-nanometer wavelength EUV lithography machine costs 3 million yuan, and a 3-nanometer lithography factory only costs 7 million yuan. This is simply a huge profit.
"I have one more condition."
Chen Xing spoke again.
Zhang Miao: "You say."
"That is, after the lithography factory is built, the lithography engineers sent by Longxing Group must be used to debug the equipment parameters. If the parameters of the equipment are debugged without authorization, the consequences will be borne by TSMC."
"this…"
After hearing Chen Xing's conditions, Zhang Miao hesitated.
This is equivalent to TSMC still being "monitored". The difference is that the engineers from ASML in the Netherlands and chip engineers from the United States are now monitoring TSMC's chip production. After the lithography factory is built, the engineers from Longxing Group will be responsible for monitoring TSMC's production.
But does he have a choice?
He didn't!
Because Longxing Group is no longer what it used to be, it now has absolute voice and the right to make rules in the field of semiconductor chips.
If you don't join the Longxing Group, you can only join the West.
But because Zhang Miao is of Asian descent, no matter how much he expresses his loyalty to the West, people will not really regard him as one of their own.
Seeing Zhang Miao's hesitation, Chen Xing placed his hands on the table, crossed his fingers and said, "Mr. Zhang, we are old acquaintances. If you hadn't helped me manufacture the Kaitian-based chips, there might not have been a Longxing Group. Later, you cut off my chip supply, which I can understand. After all, TSMC is controlled by others because of its photoresist, so we are even." "The conditions I proposed just now are not meant to target you deliberately. Put yourself in my shoes. If you mastered the core construction technology of the photolithography factory, would you be willing to leak it?"
Now Chen Xing’s attitude is very clear. He can help TSMC build a lithography factory, but he only has the right to use it, not the right to control it.
For TSMC, this gamble seems to be just a change of "master", which is also the reason why Zhang Miao hesitated.
After thinking for a while, Zhang Miao also made a decision and said, "Okay, I'll do as you say."
"Oh, I almost forgot." Seeing Zhang Miao backing down, Chen Xing pressed again, "I hope Mr. Zhang can find an opportunity to repurchase the shares of TSMC that were taken away by the West."
"I will try my best."
Zhang Miao responded.
He has no choice. Now Longxing Group is the best in the semiconductor chip field, and it is important to follow the right people.
As for the shares of the Bailey Group, he could only negotiate slowly.
"Now that the TSMC issue has been resolved, let's talk about Foxconn." Chen Xing looked at Guo Taiming, who was extremely strong at this time and completely controlled the rhythm of the negotiations.
The three village chiefs, Jiang Shoushun, Jiang Jiahong and Xiao Gang, did not speak, because now it was a dialogue of interests between their groups.
But it is not difficult to see from their astonished eyes that Longxing Group does have an absolute dominant position in the semiconductor field.
"Mr. Chen, please speak."
Guo Taiming's tone lowered a little.
In the past, with the support of Apple, Foxconn received a large number of production orders. Now that Apple's market has been ruthlessly taken over by Longxing Group, it also knows who the future financial backer will be.
"You are all smart people. You also know the direction in which Longxing Group is planning. There is definitely no shortage of assembly line orders. Now I want to see your sincerity." Chen Xing stared at Guo Taiming with a smile on his face.
"The OEM fee is 30% lower than the market price. What do you think, Mr. Chen?" Guo Taiming showed a flattering look and waited for Chen Xing's next words.
Longxing Group is currently involved in all aspects such as mobile phones, automobiles, communication networks, shopping platforms, drones, short videos, computer networks, and home appliances. Anyone with a little bit of brains can see that Chen Xing is making business arrangements for the basic necessities of life.
As long as Chen Xing is willing to make concessions, just a little bit will be enough to revitalize Foxconn.
"Do not."
The moment Chen Xing said "no", Guo Taiming's heart twitched suddenly. He was about to increase the proportion, but Chen Xing spoke first.
"You should set the market price accordingly. As for the remaining 30%, I need you to use it to upgrade production lines, strictly control quality, increase workers' wages, and improve social security. Can you do that?"
Chen Xing doesn't care about the small profit from the OEM fee. He only cares about whether his own products can guarantee quality.
If Foxconn does not produce in a standardized manner and problems arise, Longxing Group will still be blamed, which Chen Xing cannot accept.
Therefore, he would rather give the market price, and his only requirement is that Foxconn must do a good job of quality control and improve the workers' wages and benefits.
Longxing Group has set an example. In the past, it could not ask other factories to do the same, such as improving treatment and perfecting social security. But now it has a say. It is an entrepreneur's duty to fight for the interests of workers.
Guo Taiming rolled his eyes and calculated the benefits in his mind.
The extra 30% that Chen Xing spends can not only increase the wages of every Foxconn worker, but also leave a surplus after paying social security.
According to the latest worker statistics list, Foxconn has 57 employees. Raising the wages of 57 people by 1000 yuan will result in an additional monthly expenditure of 5.7 million yuan. The total expenditure including social security will not exceed 12 billion yuan.
The 30% order discount is more than 12 billion yuan, even adding a zero is not excessive. After all, the demand of Longxing Group currently exceeds the supply.
"no problem."
Guo Taiming responded directly.
Why not use the money that should have belonged to Longxing Group to build your own reputation?
"Then after the meeting is over, Mr. Zhang and Mr. Guo can go to Shenzhen when they are free, and we can sit down and finalize the details." Chen Xing said with a calm smile.
Foxconn owns a large number of industrial parks and has the latest equipment and production lines, plus it employs hundreds of thousands of workers. Chen Xing would not deliberately target such a OEM company.
Furthermore, Longxing Group’s factory cannot accommodate hundreds of thousands of workers, and its production workshops and equipment cannot keep up.
Once Foxconn has no orders and has to lay off a large number of employees, behind the hundreds of thousands of workers are hundreds of thousands of families, which is something Chen Xing does not want to see.
"Okay, thank you Mr. Chen for your magnanimity and for letting bygones be bygones." Guo Taiming admired Chen Xing's style of doing things from the bottom of his heart, but he was also ashamed of having raised the price rashly when Longxing Group's production capacity could not keep up. The two people's situations are really not the same.
Jiang Shoushun, Jiang Jiahong and Xiao Gang listened to the discussion between Chen Xing and Guo Taiming, and they all felt admiration for Chen Xing. This was the decision a real entrepreneur should make.
Even Wang Ming from Longrun Group couldn't help but admire Chen Xing at this moment.
He has seen many entrepreneurs who always talk about the big picture, but actually do dirty things behind the scenes. Some even go to compete with the lower classes for food, for example, buying vegetables in groups and eating up every grain of rice.
"It's all in the past. In business competition, there are no such things as eternal enemies or friends." Chen Xing smiled and continued, "It's a pity that there is no alcohol here, otherwise we could learn from our predecessors and settle past grudges over a glass of wine."
"How about we find a place and have a couple of drinks later?"
"I think it's okay. Mr. Chen's vision makes me feel ashamed. I, Zhang Miao, really don't admire many people, but Mr. Chen, you are one of them."
Guo Taiming and Zhang Miao smiled, now they were in the same boat.
Before Chen Xing could speak, Cai Mingjie, the CEO of MediaTek who had once stabbed Longxing Group in the back for the DSP multi-core architecture, suddenly stood up and apologized with practical actions: "Mr. Chen, I was short-sighted and only cared about the immediate interests before. Please give me another chance."
As he spoke, he bowed heavily to Chen Xing, surprising everyone present.
No one expected that the former chip king would bow his head and admit his mistakes to others.
If we go back eight years, Tsai Ming-jie didn't even take Qualcomm, Apple, or even TSMC seriously, because MediaTek almost monopolized the global chip market at that time.
Facing Cai Mingjie's bow and apology, Chen Xing also pointed out a clear way out and said, "We reconciled at the beginning, Mr. Cai, don't take it to heart. It is indeed difficult for MediaTek chips to cooperate with Longxing Group again because the performance cannot keep up. Let me introduce you to Lei Jun, the CEO of Rice Company. Perhaps you can cooperate and deepen your market share."
The world market is extremely diversified. The bottom line of the market in Dragon Country may be 1000 yuan, but what about Africa?
Africa has a large population and a low penetration rate of smart devices, making it an absolute blue ocean market.
Cai Mingjie's chips cannot be sold because no manufacturer is willing to deeply cultivate the African market. If MediaTek is willing to provide ultra-low-priced chips, Lei Jun's Redmi series will definitely be interested.
Sometimes, resource integration is also a technical job.
"Thank you, Mr. Chen."
Cai Mingjie sat down again.
Chen Xing easily "solved" the companies in Taiwan one by one. When only Nvidia CEO Huang Renxun remained silent, the two of them just smiled knowingly and expressed their opinions one after another.
"NVIDIA and Longxing Group have in-depth cooperation, so there is no need to discuss any other cooperation."
"Yes."
As soon as he finished speaking, the other group bosses finally knew the inside story. Chen Xing and Huang Renxun were indeed in the same boat.
The transfer of Nvidia's core business must have been fueled by Chen Xing.
"It seems that we have underestimated Chen Xing. His plan is far more profound than what we see." Zhang Miao was shocked and couldn't help but sigh in his heart.
When he first started hanging out with the West, he found Chen Xing particularly difficult to deal with.
But I really didn't expect that this man could steal the company from the United States and move NVIDIA back to Dragon Country. Who the hell could have thought of this?
If there weren't so many people here, he would have wanted to kneel down before Chen Xing and ask him to teach him some skills.
In a meeting with such a huge amount of information, the two deputy village heads Fei Qixian and Deng Qingwen looked at each other in bewilderment. They finally understood why Xiao Gang valued Chen Xing so much. This man's abilities were beyond everyone's imagination.
When Jiang Shoushun and Jiang Jiahong's pupils were shocked and they were amazed, Xiao Gang coughed twice and returned to the original topic.
"Cough cough."
"With the support of Longxing Group, the pillar enterprises of Baodao's economy are all protected. Village Chief Jiang, should we be able to talk about the integration of the stock market now?"
"of course can."
Jiang Jiahong also lowered his posture.
He really didn't expect that Longxing Group alone could solve the crisis faced by Taiwan's pillar enterprises.
What kind of scene would it be if technology companies such as Kunpeng, Xinjiang Technology, and ByteDance gathered together?
"Then Village Chief Jiang..."
Xiao Gang looked at Jiang Shoushun.
"Village Chief Xiao, just say it directly. As long as it is in the interests of everyone, I will definitely support it." Jiang Shoushun withdrew his gaze from Chen Xing and quickly expressed his position.
As the interests between the companies were negotiated, everyone in the conference room looked at Xiao Gang, waiting for his next words.
"In that case, I'll be frank." Xiao Gang glanced at everyone in the conference room and said the contents of the "Stock Market Integration Plan" that he had memorized by heart:
"After several rounds of meetings and discussions by the China Securities Regulatory Commission, we plan to designate the Hang Seng Index as the financial industry index, representing the financial industry of our Dragon Country, and the weighted index to represent the traditional manufacturing and service industries. The Shanghai Composite Index, Shenzhen Composite Index and Beijing Composite Index will all be cancelled and replaced with the Golden Dragon Index, representing the high-tech and energy companies of our Dragon Country."
"Golden Dragon Index..."
Chen Xing, Huang Renxun, Jiang Shoushun and Jiang Jiahong all had flashes of surprise.
The golden dragon represents the supreme status in Dragon Kingdom culture, which means that the main theme of the future will be technology and energy.
If the deal is really reached, there will be no A-shares, Hong Kong stocks and Taiwan stocks in the future, only dragon stocks.
Xiao Gang ignored everyone's shocked looks and continued, "In the future, the three markets will no longer exist. There will only be the Golden Dragon Index, the Hang Seng Index, and the Weighted Index."
"As for the financial securities regulatory authorities in the Mainland, Hong Kong and Formosa, they will also be merged into one. The current plan is to adopt a three-village chief system, with three people having equal power and decisions requiring voting."
"Finally, if everyone has no objection, we will set the date on February 3 of the lunar calendar, which is the traditional Dragon Raising Festival on March 10, to officially start the financial battle with the West."
(End of this chapter)
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