area51novel Chapter 254 Listing on the Hong Kong Stock Exchange?
Chapter 254 Listing on the Hong Kong Stock Exchange?
"Let me see your 22nm production line."
Shen Fei thought about it. He had only told the other party to speak freely, but he didn't expect them to actually come up with such an outrageous condition.
It's not even evening yet, and he's over 70 years old. He should know what to say and what not to say.
"I'm sorry, Mr. Zhang. That's a core secret of telepathy."
A hint of dejection appeared on Morris Chang's face.
"understand."
He turned around, ready to leave.
He stopped when he reached the door.
"Mr. Shen, TSMC's doors are always open to Transsion Group. Contact me anytime you need production capacity."
"Thanks"
…………
During Morris Chang's visit, Chiu Tzu-yun, CEO of Huaxin International, suddenly revealed on Weibo that the domestically produced 193nm arF dry DUV lithography machine is about to enter mass production.
This type of lithography machine is manufactured by Shanghai Microelectronics, and its single exposure limit is 65nm.
While it is somewhat outdated compared to ASML's advanced lithography machine, it is still usable.
Huaxin International is among the first batch of manufacturers, and both 65nm and 45nm technologies will see significant price reductions in the future.
The comment section of Huaxin International is already packed with onlookers.
"Huh? This is the China Semiconductor Fund that was exposed before?"
"Holy crap, they actually pulled something! I thought they were going to uncover another shocking corruption case that would rock the world!"
"Oh dear, what a pity, I didn't get to see the joke."
"Then let me tell you a joke: Huaxing International was among the first to receive lithography machines, but does it even deserve that?"
Although the comments section was filled with mockery, the emergence of domestically produced DUV lithography machines is a signal.
This is a signal that the whole world knows: Chinese people can not only make chips, but also lithography machines.
…………
Meanwhile, on his way back, Morris Chang finally received the news.
"Chairman, Huaxin International has released a message:"
Domestically produced DUV lithography machines are about to enter mass production.
Morris Chang tightened his grip on the phone.
Is the news true?
"It's still being verified. But Shanghai Microelectronics has indeed been developing DUV for many years."
In 2009, the China Semiconductor Fund was also established, and it seems likely that this will actually happen.
Morris Chang's worries continued to grow. This... 28nm breakthrough, putting them ahead of Sanson, should have been a great thing.
But now... one thing after another, what do you call this!
Book me a plane ticket.
I'm not going back; I'm flying to Kyoto first thing tomorrow morning.
"To Kyoto?"
"Yes. To visit some old friends."
He hung up the phone and sat on the sofa, carefully considering the problem.
How could the mainland be so fast?
Having worked in the semiconductor industry for 40 years, he knows all too well the challenges of developing lithography machines. With global support, Asmail took 20 years to reach its current level.
How could mainland China possibly develop DUV technology in just a few years, given that it only took two short years?
Although it is an outdated dry lithography machine, it is still a lithography machine.
Both 65nm and 45nm after double exposure are absolutely mainstream processes with huge market demand.
As for the advanced 28nm process, although the profit margin is high, the market is actually not that big.
As for his old friend, he had long wanted him to come to China to build a factory, but he had always used various excuses to avoid it.
After all, you can only increase your stakes if you can't get it.
He used to think he was a hunter who could ask for whatever price he wanted, but now it seems... Could it be that TSMC really is going to build a factory in mainland China?
…………
Meanwhile, Adebayor also flew from Africa to the Guangzhou headquarters.
My face, which I had finally managed to lighten a bit, is now even darker from the sun.
Wearing a dark blue suit with a loosely draped tie around his neck, he clearly didn't like wearing suits.
"Boss, those guys on Wall Street are going too far."
He plopped down on the sofa and threw the documents in his hand onto the table.
Shen Fei followed him with a smile.
Did you get ripped off?
If it were easy, why would Huang Tianya entrust this matter to him?
However, it was Adebayo who requested it at the time, saying he wanted to experience what it felt like to ring the bell at a listing ceremony, so... now he just wants to slap his past self twice.
"Citigroup, Morgan Stanley, Bank of America, these firms all offered $80 billion." Adebayo's voice was tinged with anger; when they sold their shares last year, the valuation was $100 billion.
After six months of working at companies like Goldman Sachs and Naspers, the company's valuation has not only failed to increase but has actually decreased by $20 billion.
"AfriLink has started generating revenue this year, although it's only $800 million, with a net profit of $50 million."
But the number of users has already reached 2.8 million.
"80 billion? Why don't they just rob it?"
After reading the document, Shen Fei closed it and tossed it aside, not showing any anger.
After all, Transsion is only a "minor shareholder" right now. If they want to, they should listen to the "big boss".
"What reason did they give?"
"It is said that Africa is high-risk, politically unstable, and has large currency fluctuations."
They also said that the user ARPU (Average Revenue Per User) was too low, resulting in poor monetization capabilities.
Adebayo chuckled dismissively. "That's all an excuse. The real reason is that they haven't gotten on board yet, and now they want to lower the price to get on board."
"What is the attitude of the South African side? After all, they are the major shareholders."
"Van Dijk appeared somewhat unwilling, saying that an 80 billion valuation was worse than not going public, but in reality, he wanted to prove himself more than anyone else."
Shen Fei nodded. It was normal for Van Dijk to be anxious, after all, he was the one who truly took over the rooftop, and he had invested a lot of resources in the past six months.
If AfriLink doesn't go public, its reputation for profiting from Tencent will be completely ruined.
"Then I won't go for now."
Adebayor didn't react immediately: "Boss, what did you say?"
"Let's not go for now." Shen Fei was very confident. Although Huaxin Investment had gone from holding 80% of the shares to being a small shareholder, his words still carried some weight.
"Let the news out that we're going to the Hong Kong Stock Exchange. Then we'll have Van Dijk come to Guangzhou so we can talk in person."
A day later, Naspers' investment director, Van Dijk, flew to Guangzhou.
After all, they now hold 42% of the shares, making them the largest shareholder. Any disturbance will hurt them the most.
As soon as he entered the office, he asked somewhat anxiously, "Mr. Shen, Adebayo said you want it to be listed on the Hong Kong Stock Exchange."
After all, they now hold 42% of the shares, making them the largest shareholder. Any disturbance will hurt them the most.
It's especially absurd to list it on the Hong Kong Stock Exchange.
Leaving aside whether the Hong Kong Stock Exchange can even handle this project, the very business review process is questionable, not to mention the valuation...