After hearing what Zhuang Jianye said, everyone present was in disbelief.
It¡¯s no wonder that today¡¯s domestic capital market is not yet perfect, and various information disclosures are not timely. Is there an auxiliary inquiry system such as Tianyancha? The intricate investments and cross-shareholdings of enterprises, let alone those who focus on technology and Industry and military experts and leaders.
¡°If the industrial and commercial departments do not conduct a comprehensive investigation, it will be difficult to know the spider-web-like complex connections between enterprises.
Because of this, the outside world has paid more attention to China's take-off over the years due to several major reorganizations and business adjustments; the rollout and commissioning of large transport aircraft and large regional passenger aircraft, and the fact that Zhuang Jianye wears a gray T-shirt and blue jeans every year. Standing in front of the huge ppt projection, I shouted that I was suffocating for my dream!
As for what kind of capital layout China Ascendas has made through its Ascendas Investment, no one cares about how many related companies it controls through various subsidiaries, shell companies and offshore trusts.
"There is no way around it. Compared with those big projects and big moves, China Tengfei's purchase of a civilian optical equipment factory on the southeast coast is simply not worth mentioning.
What¡¯s more, the expansion and rate of return of Tengfei Investment in recent years have not been ideal.
You must know that many companies that are not as strong as China have taken off. After setting up investment companies, their assets have skyrocketed. After all, domestic real estate is in the ascendant, and various commodities are even more popular. In addition, local financial institutions Regulatory loopholes, these companies can make a lot of money through their own investment companies as long as they use their brains in these areas.
But Soaring China seems to have taken the wrong step in this investment trend.
¡°In addition to helping China Merchants Bank control several local financial institutions and supporting two strong real estate developers, the rest of the investment focus is still on manufacturing, so you can imagine the return on investment.
Precisely because of this, it is widely rumored in the investment community that the take-off investment of the top brother in the investment community is like an old man in his twilight years, and is no longer what it used to be.
It is impossible for such an argument not to affect the direction of public opinion. Therefore, there has been little news about Ascendas Investment in the market in recent years, so that people who do not know the inside story think that Ascendas Investment has been sold out long ago.
? But I don¡¯t know that Tengfei Investment has been idle in these years, but unlike the so-called ¡°value¡± investment that is in the ascendant in China, Tengfei Investment focuses more on the overall industrial chain and closed loop.
Especially around investment in chips, Tengfei Investment has spared no effort to build the entire chip industry relying on two chip manufacturing and special equipment manufacturing entities, whnb Integrated Circuit Manufacturing Co., Ltd. (Group) Co., Ltd. and wznb Microelectronic Equipment Manufacturing Co., Ltd. (Group) Co., Ltd. The closed loop of the chain.
Especially after joining the World Trade Organization, Tengfei Investment has taken advantage of the deepening globalization and the opening of European and American markets to introduce advanced technology on the one hand and tap high-value talents on the other.
In the five years from 2002 to 2006, Ascendas Investment invested as much as RMB 6.8 billion in angel investments for high-end talents who returned to Europe and the United States to start businesses in the chip industry chain. Among them, there were three outstanding start-up companies, and Ascendas Investments led the investment. Three rounds.
Of course, most of them ended in failure, which inevitably caused huge losses to China's take-off; but it is undeniable that through incubation and cultivation, there have already been a number of high-end manufacturing companies in the chip industry chain with considerable strength.
For example, a doctor who returned from Texas Instruments in the United States as a senior technical director to start a business founded a high-end etching machine equipment research and development center in China based on the technology and patents he mastered.
In the first few years, I basically relied on the funds invested by Tengfei. At one point, the partners almost quit the business because they couldn¡¯t bear the long development cycle and quit midway.
It was Zhuang Jianye who personally found the doctor, drank several bowls of poisonous chicken soup, and found another teacher he had trained, Mr. Ma, as an example. He took the lead in giving the doctor a third round of investment, which allowed the company to survive.
Now the etching machine produced by the company has passed the test of whnb Integrated Circuit Manufacturing Co., Ltd. (Group) Co., Ltd. and has been included in the supply chain. Based on this, TSMC, Samsung, and Intel have also offered olive branches, and the company has officially entered the market. Formal.
In addition, there are photolithography machines. In addition to the 193-nanometer domestic optical technology produced by wznb Microelectronics Equipment Manufacturing Co., Ltd. (Group) Company, the Modu Electronic Instrument Factory, which Tengfei Investment participated in, has also begun to make efforts in this area.
Unlike wznb Microelectronics Equipment Manufacturing Co., Ltd. (Group) Co., Ltd., which is purely domestic, Modu Electronic Instrument Factory follows the successful path of many enterprises along the southeast coast and follows a progressive development path of introduction, digestion, absorption and then innovation.
In this regard, Tengfei Investment did not interfere in the decision-making of Modu Electronic Instrument Factory, but insteadIt has greatly helped the Modu Electronic Instrument Factory integrate its supply chain, such as German optical equipment, Swiss focusing components, Italian transmission mechanisms, French industrial control equipment, Japanese precision components, etc.
With some domestic components, the Modu Electronic Instrument Factory launched its first 90-nanometer lithography machine less than three years after its reorganization. Although it is branded as domestically produced externally, the internal localization rate is only a pitiful 15%.
In particular, core components are almost 100% dependent on imports. The relevant supporting suppliers also impose restrictions on the 90-nanometer photolithography machines produced by the Modu Electronic Instrument Factory. That is, these photolithography machines that use European and American components must not Used in the production and manufacturing of military products.
Tengfei Investment did not care about this. The reason why it participated in the investment and reorganization of the Modu Electronic Instrument Factory and invested more than 5 billion yuan in this purpose was that in addition to making profits, the most important thing was to establish an external platform for the chip industry chain, which has invested huge amounts of money. window for communication.
After all, it is a fact that domestic semiconductors as a whole are not as good as those in Europe and the United States. Because of this, it is not possible to work behind closed doors. Therefore, learning the principles of advanced equipment through component assembly, exploring other people's paths, component processing conditions and process scope are still very important for improving one's own domestic level. helpful.
In any case, in recent years, a large number of high-level engineers in wznb Microelectronics Equipment Manufacturing Co., Ltd. (Group) Company can also use relevant equipment, their experience accumulated over the years to combine various types of The parts are studied in detail.
This is indeed the case. Not long after the Modu Electronic Instrument Factory launched a 90-nanometer "domestic" assembly lithography machine, wznb Microelectronics Equipment Manufacturing Co., Ltd. (Group) Company has already established a project for a purely domestic 90-nanometer deep ultraviolet lithography machine. The assembly of the prototype was completed half a year ago and is now being tested by whnb Integrated Circuit Manufacturing Co., Ltd. (Group) Company.
Once completed, it will be given priority to be incorporated into the production and manufacturing of chip-level rubidium atomic clocks, thus becoming the chip-level atomic clock with the highest level of craftsmanship in the world today.
There is no way. The 90-nanometer chip process was first used by Intel in the upgraded version of the Pentium 4 processor in 2004. If the country completes the launch of the second-generation navigation satellite before April 2007, it will only be 3 years behind the world's leading level. This To be honest, the gap is not big. As long as this pace is maintained, domestic semiconductors still have a chance to enter the world's first echelon.
It¡¯s just that the premise is that the money problem must be solved first!
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