Chapter 418: Pass It on, Mr. Fang (Two in One)

Chapter 418 Pass it on, Mr. Fang... (two in one)

Elite teams from Goldman Sachs, Deutsche Bank, IDG, and DCM were in the same room, and they all contributed their own opinions on TSMC's lawsuit against SMIC.

Compared with the more exciting and straightforward collision of intentions on the previous board meeting, what these people said contained more rational coldness.

For example, IDG's team assessed SMIC's sales this year and the possible market impact.

This made Xiong Xiaoge a little embarrassed, especially since several other CEOs gave more or less funny reactions when they heard this.

He also understood that this data could not be as detailed as the one given by Fang Zhuo, and it could only be regarded as an add-on when confirmed by two factors.

The elites worked hard to output data and opinions, and there was a vague sense of comparison between them because of each other's names. However, the leader basically did not speak, and only President Bingxin listened with interest.

"What's your name for this one?"

Fang Zhuo's listening was not just pretentious, he also made comments and inquiries.

"It's our asset management researcher Xu Jiakai." Zhang Hongli from Deutsche Bank introduced him. This person has a PhD from MIT.

"Jiakai, the market estimation data model you just mentioned is a bit interesting." Fang Zhuo heard his assessment of the future ice core market from this person, so he asked further, "Have you done any research on China's domestic market? ?"

Xu Jiakai said steadily: "Mr. Fang, please do some research."

Fang Zhuo nodded, turned his head and said, "Mr. Su, please bring in some more drinks and water. Several of our voices are a little hoarse."

Bingxin's president is caring even for non-employees, while Xu Jiakai shared some of his own analysis and opinions on the Chinese market under Fang Zhuo's eyes.

He knew that what Mr. Fang wanted to hear was not the development trend of the entire semiconductor market, but the impact of future demand on ice cores.

However, Xu Jiakai's views were not entirely in line with what he thought Mr. Fang wanted to hear.

China's economy will develop greatly, and the demand for semiconductors will gradually become stronger. However, the increase in domestic sales may not be as much as imagined.

Taking SMIC as an example, its domestic sales accounted for less than 14% this year.

In the next three years, the increase in the domestic share is not very optimistic according to Xu Jiakai's data model analysis. It is only an increase of one percentage point per year. This still excludes the impact of the TSMC lawsuit.

In fact, this lawsuit is likely to lead to a reduction in the proportion of domestic market demand.

The reason is that SMIC and Ice Core are only intermediate links in the semiconductor industry. They are engaged in wafer foundry. What they produce is not direct chips, but must be tested and packaged in downstream links before they can be sent to the end market.

This type of foundry is commonly known as a Fab factory, while the ones from Samsung and Intel that cover the entire process from design to production to sales are IDM factories.

Fang Zhuo has been paying close attention to current industry information since he wanted to be a semiconductor. He has a vague memory that confirms that the current TSMC is not involved in the field of IC packaging, but in the future TSMC will master world-class packaging technology.

In other words, TSMC will choose to spread to the downstream of the production chain in the future.

Wafer raw materials → IC design → wafer foundry → IC testing → IC packaging, compared to the powerful TSMC in Fang Zhuo’s memory, although it is also powerful now, it has not yet reached the level of half of the industry chain leader.

Moore's Law of semiconductors will rush forward in the next ten years, and newly entered ice cores can only do whatever they can to find a leading position.

Xu Jiakai has finished speaking from his point of view using data model analysis.

Fang Zhuo let out a long breath.

Everyone in the conference room thought that the young president was regretful or dissatisfied with his unoptimistic views.

"Jiakai, your analysis is very interesting. I believe that Ice Core will be able to personally verify whether it is correct or not in the future. If you are interested, you can come to my side for development."

Fang Zhuo poached people so nakedly in front of the other party's president... but many people thought he was very calm and humorous.

"Everyone talked a lot and listened to a lot of analysis from colleagues. I believe we all have a preliminary idea of ​​the impact of this incident."

"Jiakai just said that due to the weakness of the domestic industry, it is difficult for ice core to reap the dividends of future domestic demand development. There is no need to be discouraged."

"Originally, the customers of wafer foundry are large foreign manufacturers. We cannot have the mentality that if we don't take advantage, we will suffer a loss. Moreover, there is a lot of room for operation in this kind of thing. I have a certain degree of confidence in this aspect."

"Today, Goldman Sachs, IDG, DCM, and Deutsche Bank came together to care about the future development of Ice Core and jointly make suggestions. As the president, I am very grateful to everyone."

"Everyone gave me a lot of suggestions, and I also gave me some ideas based on the current situation."

Fang Zhuo calmly expressed his position again: "Ice core still has good development prospects. There may be twists and turns, but we will definitely be able to overcome it with our joint efforts."

"We will communicate the impact of the SMIC incident on the entire domestic semiconductor industry and any new developments as soon as possible."

"In this way, if we are still here a week later, Bingxin will hold a board meeting. Presumably the SMIC incident will be clearer by then. We will discuss it then."

Different from being passive when this meeting was requested, Fang Zhuo took the initiative to set up a second meeting after the entire meeting process was completed.

A week will almost bring clarity to the SMIC incident, and it will also allow the heads of the China region of these four institutions to deal with internal pressure.

As for how to deal with it, anyway, the progress of the ice core will only move forward, not backward. Fang Zhuo has provided the best method he can provide.

The four presidents who came to the meeting today were mainly responsible for investment business, but Fang Zhuo provided an overall vision, so they were all silenced at once.

Deep linkage of business, mutual support of strong and weak, and related processing of transactions.

This is not only an advance road show, but also a blueprint.

Fang Zhuo's response today was actually quite restrained. What he wanted to do was not to fight off Bingxin's directors, but to continue to make more friends so that they could still maintain confidence in Bingxin.

Goldman Sachs is to the United States, Deutsche Bank is to Germany, and the funds and connections of IDG and DCM are all the help that ice core can solidify as it continues to move forward.

The ice core board meeting ended at 1:30 p.m. Fang Zhuo invited everyone to have lunch, but his friends declined due to emergencies, information feedback from the board of directors and other factors.

The four teams left Hang Lung 23 under the leadership of their respective presidents. Compared with the discussions they had when they arrived, the presidents seemed more preoccupied.

Fang Zhuo waited for all these people to get off and then thought about it again. He still felt that he could clear up the misunderstanding with Lao Xiong, so he took the next elevator downstairs.

The cars of the other three institutions are parked in underground parking lots. The people at IDG are familiar with Plaza 66 and park directly in the ground parking spaces.

When Fang Zhuo arrived on the first floor, Xiong Xiaoge was waiting for his subordinate to move the car.

"Old Xiong, please take a moment to speak." Fang Zhuo came over quickly and said hello.

What Xiong Xiaoge said in the President's Office came from the bottom of his heart. Ever since he met Fang Zhuo, he had begun to doubt his professional ability, but now he might as well listen to what this guy wanted to say after him.

"Old Bear, you..."

"Call me Mr. Xiong."

"Mr. Xiong, you..."

Xiong Xiaoge turned around and left.

Fang Zhuo smiled and compromised: "Mr. Xiong, Mr. Xiong, why are you so angry with a young man like me?"

Xiong Xiaoge pointed to the car that was slowly driving over and said, "Mr. Fang, we are father-in-law. If you have anything to say, just say it. Otherwise, the car will arrive as soon as it arrives."

Fang Zhuo raised his index finger at IDG's business car.

The car stopped.

Xiong Xiaoge felt his temples twitching. His family members were so shameless today!

"Mr. Xiong, to be honest, I also think that the SMIC incident is a big event in the domestic semiconductor industry, but the construction of production lines and production capacity of Ice Core will be at least a matter of the next year. This impact will be diluted by time. ”

"Ice Core has enough time to digest the financing that Connor is worried about and the technology that Xu Kaiwei is worried about."

"Hu Zhengming, who is coming to HKUST, has a two-year non-compete agreement starting from this year, which will expire the year after tomorrow."

“That’s when ice cores have their chance to shine.”

"Furthermore, when I look at TSMC, it may not be internally stable."

Fang Zhuo spoke a little faster and with a sincere attitude: "Mr. Xiong, if I am after money, the listing of Yike will bring me endless money, so why bother to deceive you venture capital investors?"

Xiong Xiaoge was about to be bitter, and she laughed angrily: "You also know that we are bitter? Fang Zhuo, Fang Zhuo, if you talk about friendship, if you really treat me as a friend, you can't catch IDG. !”

"That's because I really believe that ice core can be successful!" Fang Zhuo said categorically, "Take the registration network that you are so worried about, is it dead now? Although it cannot complete the closed loop of registration fees, it can On the contrary, it is precisely because of this that we are more rooted in the medical field, and the online medical sales license we obtained and the hospital system development we launched are all rooted in this! ”

"For one year, if you say I lied to you, that's fine."

"For two years, if you say I'm malicious, that's fine."

"What will Guahao.com look like in three, four, or five years? You see, Alibaba's Taobao is booming now. E-commerce is the trend of the times. Medical Science is the only online pharmaceutical sales, but it has not yet launched. It’s just strength!”

"Old Xiong, you are prejudiced against me!"

"Prejudice is a mountain in your heart!"

Fang Zhuo frowned: "I chose semiconductors because I wanted to make it a success, not to use it to make money. You may say that I am unscrupulous, or you may say that I am not honest enough, but you must not think that I raised this money. If you don’t do things, you won’t strive for success.”

Xiong Xiaoge questioned: "So, even if others don't want to invest, you still have to do everything possible to get them to invest together? Even if I don't invest, it won't work?"

"Even if I regard you as a friend, I don't want you to miss the opportunity to succeed together." Fang Zhuo said.

Xiong Xiaoge didn't know whether to laugh or frown: "Okay, okay, Mr. Fang, I can't explain your fallacy. You are a eloquent person and the best at drawing pictures, but I tell you, IDG has stopped participating in ice cores. That’s it.”

Fang Zhuo sighed, it seemed that no private reconciliation could be reached today.

He waved to the car.

The commercial vehicle slowly drove over again.

"Old Xiong, if it were anyone else, I wouldn't have said so much." Fang Zhuo said seriously, "You didn't hear me finish the third sentence in the CEO's office before, so I'll say it all here. I’ll take you to invest in the future.”

Xiong Xiaoge laughed three times, opened the door and got into the car.

The commercial vehicle accelerated slowly and left Plaza 66.

Fang Zhuo watched the group leave.

"Boss Fang, have something to eat. I'll treat you." Su Wei also came down from upstairs, thinking that the boss might be in a bad mood.

"There are so many things to do every day, and I have to deal with so many people with different personalities. I really think I have social phobia." Fang Zhuo sighed slightly.

Su Wei repeated a word: "Social phobia?"

"Oh, social phobia. Dealing with people is too much effort." Fang Zhuo explained.

Su Wei stopped talking. Social phobia? Social phobia...

"What to eat? I heard that a new Shandong restaurant with good taste has opened next door? Let's try it." Fang Zhuo was indeed hungry.

"Okay..." Su Wei always saw the boss quickly dispel depression, and she didn't know whether he was pretending or not.

...

IDG's business car quietly drove away from Hang Lung Plaza.

"Boss Xiong, how did you communicate with Boss Fang in the office today?"

After the car drove for a while, Project Director Liao Yu couldn't help asking.

Xiong Xiaoge was not interested in talking about private interpersonal relationships, shook his head, and didn't answer.

Liao Yu asked again after a while: "Boss Xiong, can the Bingxin project be completed? The Zhongxin incident will indeed cause a lot of waves."

"I don't know if Bingxin can be completed." Xiong Xiaoge was willing to speak this time, "But it's Fang Zhuo. If even he can't operate this project, it can't be completed."

With the president's comment, the atmosphere in the business car suddenly became lively.

After a few people communicated for a while, Liao Yu asked: "Boss Xiong, what did you communicate at the small meeting?"

Xiong Xiaoge suddenly thought of the most impressive scene of this meeting: "There was no communication, just seeing Fang Zhuo choking up."

Boss Fang choked up?

Boss Fang is so awesome that he choked up? !

Is it true or not? ?

"Boss Fang choked up, Boss Xiong, I really don't believe it! Boss Fang's personality... Is he pretending? Is he taking us for a fool?" Another person couldn't help but burst out a swear word, absolutely not believing the authenticity of this scene.

Liao Yu asked at this time: "What about us?"

The business car stopped at the side of the road urgently.

Xiong Xiaoge opened the car door: "Get off, get off, you have been wanting to go to Fang Zhuo for a long time, right? Go back to find Fang Zhuo!"

Soon, Liao Yu was driven off the car by Xiong Xiaoge, who was full of anger.

The business car really left a passenger behind and continued to drive forward.

"Boss Xiong, today Liao Yu is the most happy to chat in the reception room of Yike." Another deputy director complained.

The business car pulled over again.

"Get off, you get off too!" Xiong Xiaoge's anger was not over yet, really thinking that he could not see it, "Why would you look at Fang Zhuo? Go, go find him too."

The business car left another passenger behind and sped away.

Liao Yu soon reunited with his colleagues, and the two were not panicked. This was not a desolate place, and Boss Xiong had a good temper. There would be no problem after this period.

"What's wrong with Boss Xiong today? Why is he so angry?"

The two stood on the side of the road waiting for a taxi, and they discussed it casually.

"Maybe he was touched by seeing Mr. Fang crying. I guess someone in the board of directors forced Mr. Fang." Liao Yu guessed.

Soon, he mentioned this guess to his friends in a casual chat. Mr. Fang of Yike is said to have cried at the board meeting today.

SMIC is in danger, Mr. Fang cried?

Rumors spread quickly.

It was spread that Mr. Fang cried.

It was spread that Mr. Fang cried for SMIC.

It was spread that Mr. Fang cried for Huaxia Semiconductor.

On November 27, Huaxia Securities News published a news report, mentioning that SMIC's road to listing had encountered setbacks, and also mentioned a rumor in the industry - Mr. Fang, the president of Bingxin, who was obsessed with the development of the domestic semiconductor industry, heard the news that SMIC was maliciously sniped by TSMC, and he couldn't help crying in the board of directors.

That night, SMIC's president Zhang Rujing finally sent a text message to Fang Zhuo four days after the incident.

"Got it, thank you Mr. Fang, take care."

Fang Zhuo sent a text message on the evening of the 23rd to remind the ITC of the risks of the ban, and only then did the person concerned respond briefly.

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