Reborn in 2011, 985 missing from two copies

Chapter 577 Huge Subsidy, Double Eleven Conference

“It can be seen that this time, the village is determined to invest in and develop semiconductors!”

"The opportunity has really come, but I don't know which companies will get the money and how much we will get."

"Of course it must be Xingyi Technology, SMIC and other leading semiconductor companies."

"That makes sense. They represent the highest achievement of mainland semiconductors."

"They eat meat, so we can have soup, right?"

"Semiconductors are such a money-burning business! High investment, low return, high risk, and hard to get back the money!"

"Alas, I've said too much, and it's all tears."

Wang Yi was also shocked.

The scale of investment of this big fund has exceeded that of the previous life.

In the past, the big fund will not be established until next year, and the scale of the first phase will be only more than 1300 billion yuan, which can only leverage more than billion yuan of funds.

It was not until the outbreak of the technology war that the market was hammered all over, and the second phase in 2018 reached 2000 billion, which was enough to leverage a trillion-dollar scale.

But this time, due to Wang Yi’s technology war speech and multiple proposals, the big fund was not only established a year earlier, but its scale was also increased by more than half. The first phase alone was as high as 2000 billion!
The amount of funds that can be leveraged has directly reached trillions!
A definite trillion-dollar fund!

What about the second issue a few years later?
The scale must be larger, most likely 300 billion!
By then, we will be able to leverage 1.5 trillion!

If this is the case, the development of domestic semiconductors will no longer be a problem.

Even the photolithography machine has the hope of being developed ahead of schedule.

In fact, our R&D capabilities are very strong, but due to historical reasons, we started too late.

We have always been in a catching-up position and have had to spend more than 30 years to complete the journey that others took one or two hundred years to complete.

It has even achieved overtaking in many nodes, which is already commendable.

As long as we start from the same starting line, Europe, the United States, Japan and South Korea will be left far behind by us.

The reason for this is that, on the one hand, the IQ of the yellow race is higher than that of other races.

On the other hand, we are hard-working and enterprising.

and the level of access to education.

In the past, people have been bragging about how good and advanced the European and American education systems are...

After the reconciliation of accounts between China and the United States, we discovered that while our tuition fees were only a few hundred dollars a year, they owed 450,000 U.S. dollars in student loans, which might not be paid off in 20 years.

When you go to university in the country, you can get scholarships and grants, and you can also work and study.

As long as you are not too lazy, tuition and living expenses will not be a problem.

Even if parents don't give a penny, you can still graduate successfully with the help of scholarships, grants and work-study programs.

If worst comes to worst, there are interest-free student loans.

But in the United States, the tuition fees are frighteningly high, the interest rates are frighteningly high, and the university is completely used as a capital operation.

Many people are in their fifties and have not yet paid off the tuition loans they owed.

I can only say that America's education system is too "developed"!
No wonder only a few elites can enjoy high-end education, while ordinary people simply don’t have the financial ability to do so.

The lack of education has also led to a serious shortage of talent in Europe and America, which is far less than that of Xia Country.

This directly leads to our R&D capabilities and catching-up speed far exceeding those of others.

Huawei has caught up with giants like Cisco and Qualcomm, which have decades of technological achievements and foundation, in just a few years, and even surpassed them.

This is true for servers, basebands, mobile phone chips, operating systems, smart driving, etc.

Moreover, it is Huawei that can single-handedly challenge a series of giants such as Cisco, Qualcomm, Google, and Tesla.

But unfortunately, even though Huawei is so excellent and so outstanding, there is still a group of big germs who constantly belittle and slander it.

I can only say that Oumei’s remote breeding technology is really amazing.

In this regard, we really can't catch up.

But in other areas, as long as we get serious and start investing, we can catch up with the gap of more than ten years in a few years.

The gap of several decades can be caught up in ten years or so.

Now that the big fund has made early arrangements and has sufficient funds, Wang Yi is full of confidence in the future development of domestic semiconductors.

As for how much subsidy to give?
Other companies were watching anxiously, but Wang Yi didn't care.

It had even proactively proposed cutting subsidies to semiconductor companies and investing instead in the research and development of lithography machines.

It’s simple. Money is a good thing, but Xingyi Technology is fully capable of making it on its own.

However, the production of lithography machines is extremely difficult, and it requires the national machinery to mobilize, plan and promote it!
As long as high-end DUV lithography machines can be developed as soon as possible, Wang Yi will not ask for any subsidies.

For example, a 2050i-level DUV lithography machine can produce 7 nanometers without any pressure and can also produce 5 nanometers.

Enough to achieve strategic security.

As for 3 nanometers...that doesn't mean much.

The improvement of 3nm compared to 5nm is very limited, but the cost is frighteningly high.

Especially Apple's 3nm processor. Wang Yi has used it before and didn't feel it was that powerful, but it did generate a lot of heat...

Mr. Zhao continued, "In fact, the big fund was established several months ago. But we didn't rush to launch it because we are still perfecting the details and formulating a plan."

"After several months of research, the subsidy standards of the big fund have now been fully released."

"In terms of subsidy methods, they are mainly divided into the following categories."

"The first is equity investment. For qualified high-quality semiconductor companies, the big fund invests money, subscribes to the company's equity, and becomes a shareholder. After the company obtains the funds, it can use them for research and development, expansion, mergers and acquisitions, etc."

"The second is bond investment. Through bonds, we lend funds to enterprises according to certain interest rates and repayment methods to support their development."

"The third type is loan interest subsidies. Large funds subsidize the interest on loans to companies, thereby alleviating the financing cost pressure on companies."

"The fourth type is project subsidies. Certain subsidies are given to core technology research and development projects such as lithography machines, photoresists, large silicon wafers, and high-end process technology, as well as industrial upgrading projects such as wafer fab construction. The amount of subsidies depends on the situation, progress, and results."

"The fifth type is risk compensation. The Big Fund fully supports the research and development of cutting-edge core technologies. Even if they fail, we will provide certain risk compensation. This will eliminate the worries of enterprises and encourage semiconductor giants to put down their burdens and tackle cutting-edge technologies!"

……

Hearing this, everyone nodded. This arrangement was naturally the most reasonable.

I won’t talk about the first three types. For high-quality enterprises, large funds investing in shares, bonds investing, and loan interest subsidies are all what they deserve.

As for the latter two types of project subsidies and risk compensation, they are pure giving away money!
But everyone knows that the threshold here is incredibly high.

It must be a high-end product with cutting-edge technology in order to get compensation and risk compensation.

For example, in the development of lithography machines, all core enterprises and institutions will provide project subsidies and risk compensation.

If the research and development is successful, it would be the best and everyone would be happy.

Even if it fails, the big fund will provide subsidies and risk compensation.

There is no other way. Otherwise, who would dare to spend so much money to develop lithography machines?

"Next, we will announce the details and standards of the first three types of subsidies, and eligible enterprises and institutions can apply. After evaluation by the big fund, we will give equity subsidies, bond subsidies, or interest subsidies."

"As for project subsidies and risk subsidies, the big funds will take the initiative to connect and provide subsidies."

Afterwards, all standards were introduced in detail one by one, and questions and answers were given on the spot.

There is also a special working group to connect with enterprises on site.

Many companies started communicating on the spot.

But in the end the big fund still has to study and review it.

Every penny of a big fund's money must be spent wisely and not indiscriminately.

Some large companies have working groups specifically for liaison and detailed negotiations.

For example, SMIC received subsidies in many aspects and eventually obtained 130 billion yuan in funding.

In response to this, the senior directors of SMIC were all grinning from ear to ear.

However, when he saw the subsidy amount of Xingyi Technology, he could no longer laugh.

Xingyi Semiconductor directly received a subsidy of 345 billion!

And it is not equity investment or bond investment, but project subsidy and risk subsidy.

SMIC is completely confused about this.

Wang Yi was equally confused!
Wang Yi proposed to cut subsidies to enterprises and turn to investing in lithography machines. He thought that the subsidies for Xingyi Semiconductor would also be greatly reduced, and it would be good to get a few billion at most.

But unexpectedly, the amount was as high as 345 billion!
This is totally over budget!
But after looking carefully at the subsidy details, Wang Yi understood everything.

Among them, 205 billion yuan is project subsidies.

For example, there are subsidies for 28-nanometer and 40-nanometer processes.

Xingyi Technology's B1, B2, M1 and M2 wafer fabs have all been put into production and have received subsidies.

Especially for the production of 28nm, the subsidy amount is very high, five times that of 40nm!
There is also research and development of photoresist, EDA industrial software, large silicon wafers, etc. These projects also have project subsidies and risk subsidies.

In this way, Xingyi Technology received subsidies of 345 billion yuan.

Although other companies are envious of this, they don't think there is any problem with it.

After all, Xingyi Semiconductor's achievements are too conspicuous and everyone can see them.

The first 40-nanometer process breakthrough in the mainland, the first 28-nanometer process breakthrough, the world's top chip design, the most advanced packaging technology, etc., these are all the achievements of Xingyi Semiconductor.

Any one of them would be enough to sustain other companies for a lifetime.

What's more, Xingyi Technology has achieved so much at one time, it is completely worth the 345 billion subsidy!

Naturally, Wang Yi would not refuse.

With this funding, Xingyi Semiconductor can definitely develop better and become stronger.

In addition, other funds can be freed up to invest in the research and development of lithography machines.

The money given by the big fund is used for specific purposes.

In fact, Wang Yi made many suggestions for the Big Fund. In addition to cutting subsidies to enterprises and shifting to subsidies other than lithography machines, he also proposed to reform the Big Fund's investment and subsidy distribution model, hoping that every penny of the Big Fund would be strictly controlled and paid in installments.

For example, a core project with an investment of 30 billion yuan is divided into five nodes. Only 6 million yuan is given in the early stage. When a technological breakthrough is achieved and the node requirements are met, the second million yuan will be given, the third million yuan, and so on.

This prevents abuse.

Of course, Xingyi Technology will lead by example.

I don't ask for too much. If other companies can achieve one-third of Xingyi Technology, it will be considered precious. After the meeting, Mr. Zhao kept Wang Yi:
"Are you satisfied? Here is your subsidy."

"I'm satisfied, very satisfied. I thought it would be just 45 billion, but it turned out to be 345 billion! It completely exceeded my expectations!" Wang Yi said with a smile.

"Haha, your proposal to cut subsidies to enterprises and increase investment in lithography machines makes sense to us. But lithography machines alone are not enough. Advanced semiconductor processes, chip mass production technology, packaging technology, 28-nanometer high-end wafer fabs, etc. are also cutting-edge strengths and need subsidies."

Mr. Zhao said meaningfully, "We have seen everything you have done. For example, we provide billions of dollars for the wafer fabs, hardware construction, and land. But the subsequent equipment introduction is in the tens of billions. And the process research and development is also tens of billions, right? Chip research and development also costs tens of billions every year."

"All this adds up to tens of billions of dollars a year, all borne by you. You have driven the development of the mainland semiconductor industry with your own efforts, and you have made great contributions."

"Therefore, after a series of discussions, we unanimously agreed to prioritize Xingyi Semiconductor in terms of subsidies and give it the greatest support!"

Wang Yi was in a good mood and quickly expressed his opinion:
"Thank you for the support from the leaders. I won't say much about the occasion. But I can guarantee that with this 345 billion given to Xingyi Semiconductor, I am confident that within three years, we will achieve a return worth 3450 billion!"

"Ten times the return rate!" Mr. Zhao nodded: "Very good, we didn't make a mistake."

If someone else said this, no one would believe it.

Let alone a tenfold return, a 1.5-fold return would be great.

But since Wang Yi said so, it must be true.

After all, Xingyi Technology’s return on investment in previous years was ten times or even more!

For example, if the wafer factory invested by the imperial capital can achieve mass production of 55 nanometers, it will bring multiple returns.

As a result, Xingyi Technology directly achieved mass production of 40 nanometers and realized a 10-fold return!
Before the capital could come to its senses, 28nm technology was put into mass production again, and the rate of return was simply unacceptable!
These days, the most profitable things are high-end chips, or semiconductors.

For example, Kunpeng 902 costs about 300 yuan and is sold for yuan!

There are also fast charging chips, which cost 1 yuan but sell for dozens of yuan...

Mr. Zhao continued, “In addition, we have also changed our approach. Next year, the Big Fund and local SASACs will fully enter the wafer fab industry.”

"At that time, the local SASAC will provide the land and money to build the wafer fab. The big fund will pay for the introduction of equipment, and then hand it over to the semiconductor giant for management. By then, the semiconductor giant will be responsible for technology, orders, operations, etc., while the local SASAC and the big fund will only participate in profit sharing."

Wang Yi's eyes lit up: "This is a good thing!"

Xingyi Semiconductor lacks wafer fabs and it is impossible for it to invest in ten at one time.

However, this model in which local governments and the State-owned Assets Supervision and Administration Commission invest money and manpower to build a wafer factory and entrust it to Xingyi Technology for management directly solves this problem.

In fact, similar operations have taken place before.

For example, Xinxin in Wucheng owns two 12-inch wafer fabs, which were previously managed by SMIC.

However, the two companies went their separate ways this year, and Xinxin started operating independently.

But it is undeniable that this model of management on behalf of others is very promising.

Moreover, since our partners are the State-owned Assets Supervision and Administration Commission and a large fund, we can be much more worry-free and avoid too many troubles that shouldn’t happen.

"Of course, if you need to, you can also acquire the wafer factory at a reasonable price and privatize it. Or you can become a major shareholder by investing in technology or capital. There is no problem with that."

Mr. Zhao continued, “In principle, we are only relieving your pressure and accelerating the expansion of mainland wafer fabs.”

Wang Yi couldn't find any fault with this arrangement.

Worried that Xingyi was under financial pressure and would not be able to quickly build many wafer fabs, the Big Fund and the State-owned Assets Supervision and Administration Commission provided money to build the factories and purchase equipment.

If they are worried about the future disputes in the tripartite cooperation, they can also let Xingyi Technology buy back the company, realize privatization, or even acquire shares...

In short, the big fund has thought of all situations and provided various solutions.

Wang Yi couldn't find any problems, so he just smiled and said, "Thanks to the support of the big fund, with our concerted efforts, our entire semiconductor industry chain will reach the top of the world at the fastest speed!"

"Let's work together!"

"Well said, let's work together!"

Mr. Zhao smiled with satisfaction and asked, "Next year, both TSMC and Samsung will launch 20-nanometer technology. To be honest, we are under a lot of pressure. SMIC can't even do 28 nanometers. As for 20 nanometers, we have to rely on Xingyi Technology!"

Wang Yi understood that this was also a major reason for the direct subsidy of 345 billion yuan.

The purpose is to allow Xingyi Technology to have this funding so that it can develop the 20-nanometer process as soon as possible.

Wang Yi said with a smile: “We won’t be able to produce 20 nanometers next year.”

"It's okay, maybe next year as well."

"It won't be done the year after next." Wang Yi continued.

"This..." Mr. Zhao was silent, not knowing what to say.

Wang Yi smiled and said: "In fact, we did not develop 20 nanometer technology. We directly skipped 20 nanometers and developed 14 nanometer technology. So it may be the year after next, or the year after next!"

"14 nanometer technology!" Mr. Zhao was delighted: "Great, great. As long as we can make it, even next year, it's fine!"

Mr. Zhao was in a good mood. He felt that the 345 billion yuan given to Xingyi Technology was right, absolutely right.

"Mr. Zhao, I hope this matter remains confidential. Let's keep it low-key."

"I understand. No problem. Just focus on research and development. Don't worry about the rest. If you need any support, just ask!"

After another detailed conversation, Mr. Zhao left happily.

Wang Yi also set off quickly and rushed to Jeju.

It was already evening when they arrived in Jeju. Wang Yi wanted to have a good rest after the long journey.

But as soon as I lay down, Song Si Ning crawled into the quilt.

Perhaps because they hadn't seen each other for a long time, Song Si Ning was very enthusiastic.

On the 8th, the Double Eleven press conference was officially held.

Not only was the venue packed, but the number of netizens in the live broadcast room exceeded three million just as the show started!

It can only be said that people from all walks of life are paying close attention to and attaching great importance to this Double Eleven press conference.

"Thank you for your support!"

Wang Yi walked onto the stage and said: "Today, at the Double 11 strategic conference, we will bring you a large number of blockbuster new products at once!"

Applause resounded throughout the venue, and all fans and users were looking forward to it.

"First, the Xingyi tablet!"

"Last March, we launched the Xingyi Tablet 1 and 1 Pro. With its advanced design concept and powerful performance configuration, it was deeply loved by the majority of users and sold well all over the world, making the iPad the shortest-lived generation of iPad!"

"Hahaha!" Everyone laughed.

"Even now, the Xingyi Tablet 1 is still excellent and has powerful performance."

"But after all, it has been on the market for almost two years, and it is time to bring you the latest products."

"For this purpose, we will release the 2nd generation of Xingyi Tablet!"

The applause started again.

"The 2nd generation of Xingyi Tablet still has an 8-inch Sharp top-level screen, which is easy to carry around."

"The processor has been upgraded from the previous 40-nanometer Kunpeng 500 to the 28-nanometer Kunpeng 706C!"

“How powerful is this chip?”

“Not counting the 64-bit bonus, it is on par with Qualcomm’s Snapdragon 800. Taking into account the 60% improvement in the XOS system, it crushes the Snapdragon 800 and even beats the next-generation Snapdragon 805!”

"Compared to the first generation of Xingyi Tablet, the performance has been improved by more than 1%, which is a groundbreaking improvement!"

The scene was completely shocked:
"Damn, 706C is so powerful, it beats Snapdragon 805!"

"An eight-inch small screen + 706C, it's going to be a blast to play games."

"Yes, an eight-inch holder is the most convenient for playing games."

"If the Xingyi Tablet 2 is so powerful, then the 2 Pro must be even better?"

"Sure enough, Mr. Wang never disappoints anyone."

Wang Yi continued: "In addition to the processor upgrade, the RAM has also been upgraded from 1GB of RAM in the first generation to 1.5GB of RAM!"

“No, 3G RAM!”

There was another round of applause from the audience.

"And it has integrated X-touch, front-touch fingerprint unlocking!"

"And the Tianlai M1 HIFI chip gives you the best sound quality."

“Whether it’s playing games or watching videos, you can get the best audio-visual experience.”

"In addition, the front camera is upgraded to 800 million pixels and the rear camera is upgraded to 1300 million pixels!"

“It also integrates a beauty algorithm, so even if it’s a tablet, it still has powerful imaging capabilities!”

“The imaging capabilities exceed those of rival flagship phones.”

"Of course, the battery life will not be reduced."

"The battery of the Xingyi Tablet 2 has been upgraded to a 7000 mAh large battery to ensure long battery life."

“It also comes standard with Xingyi Fast Charge 2.0, 20W ultra-fast charging, to ensure extremely fast charging.”

Hearing this, everyone was excited:
"Kunpeng 706, 3G RAM, 7000 mAh battery, Teana M1 hifi chip, 800+1300 million pixels, and fingerprint recognition!"

"Another hexagonal warrior, with everything that should be there and shouldn't be there!"

"It's so powerful, the Xingyi Tablet 2 is simply invincible."

"With this configuration, how much would it cost? I'm worried that my wallet won't be big enough!"

Wang Yi waved his hand, and the Xingyi Tablet 2nd Generation appeared on the big screen: "This is our Xingyi Tablet 2nd Generation!"

“Finally, the price!”

"Xingyi Tablet 2nd Generation, 16G version, starting from 3499!"

“It has been launched in the official flagship stores of major e-commerce platforms, as well as all offline stores and physical stores. It is available worldwide and you are welcome to buy it.”

"Hey! It's only 3499! It's cheap!"

"The first generation was launched at 2999, and the second generation has been greatly improved, but it's only 3499, which is really good."

"An eight-inch tablet is very convenient to carry around and play games on. I'm planning to buy a 128G tablet."

"I am also going to order 128G large storage!"

"It has to be Xingyi Technology. Look at the Xingyi Tablet 2nd Generation and the iPad mini 8nd Generation. They both have a small -inch screen and are better than the iPad mini in every aspect."

"Yes, I regret buying the iPad mini 2. I was so stupid."

(End of this chapter)