Rewrite the Technological Landscape

Chapter 90 Make money first

“Hahahaha.” After a few seconds of silence, He Wenkang let out a complicated laugh.

In this laugh, there is self-deprecation, relief, surprise, and discomfort.

After all, stubborn people are often accompanied by pride, especially He Wenkang who has achieved something.

So, he just responded to Meng Qian in the end, “Has President Meng saved enough money?”

not only expressed his changed attitude, but also defended his so-called pride. It is almost impossible for a person like He Wenkang to directly admit that he was persuaded or admitted his mistakes.

Meng Qian knew He Wenkang’s character and followed his direction, “I’ve saved enough money. However, I’ve only read the general financial statements of the factory before. If I really want to buy, I’ll still have to look at the details first. Financial statements?”

“Okay, come with me.”

At this time, it’s comfortable for everyone to do things officially, but from Meng Qian’s personal point of view, he really needs to look at more detailed financial statements and the development details of the factory in recent years, because he has Things need to be confirmed.

On the way from the lithography machine R&D plant back to the fab, He Wenkang kept his eyes closed and pondered. He opened his eyes only when he got downstairs in the office building. Although it was only a few minutes away, He Wenkang’s eyes looked better than before. Much clearer.

After going upstairs, He Wenkang asked Finance to sort out and print out the financial situation of the lithography machine factory in detail, and asked Cai Yuan to sort out some of the specific planned development of the previous factory. And these materials, Meng Qian waited for one. It took many hours to get it.

As for this more than an hour, he just accompany He Wenkang chatting for a while.

After getting the materials, Meng Qian went to a small conference room alone, and He Wenkang did not bother him.

The lithography machine R&D factory that Meng Qian wants to acquire still needs to be emphasized that it is the first-echelon factory among private enterprises in this field in this era.

After all, as a factory worth 500 million in 2001, even if we only consider the GDP growth rate of later generations, it will be a factory worth 2 billion in 2019, not to mention the increase in land prices and the lower R&D costs in 2001. And other factors.

Therefore, as the lithography machine factory of the first echelon in China, it is also a factory of a private enterprise. It will naturally have an inevitable attribute, and it is also an inevitable attribute of a private enterprise who wants to sell a factory. It has sales and can make money…

Therefore, when Meng Qian planned to acquire this factory, he was already comparing it with a company in the later generations of China, that is, Shanghai Microelectronics. Shanghai Microelectronics has done a very 6 thing to raise the high with low.

Because knowing that it will definitely not be able to do a high-end lithography machine in a short period of time, Asmai should first do a good job in the low-end lithography machine, and then grab the low-end lithography machine market, and then use the one that sells the low-end lithography machine. Money is invested in the research and development of high-end lithography machines.

As a result, Shanghai Microelectronics has won 80% of China’s low-end lithography machine market…

What Meng Qian cares most about He Wenkang’s factory is that although its sales are not up, its reputation is very good, and given that He Wenkang is a stubborn technician, he has strict control over product quality.

There are still two overseas companies on the list of not many customers, but He Wenkang has done a very nonsense thing, that is:

In 2000, the company’s lithography machine sales were 730 million yuan, with a net profit of 13%, and a profit of less than 100 million yuan. However, in 2001, the R&D of lithography machine is expected to invest 300 million yuan…

Meng Qian guessed that He Wenkang’s company would probably go bankrupt in future generations. Otherwise, it would not be unheard of to start so early and the product reputation was so good. In Meng Qian’s view, the biggest reason for the company’s failure was the unreasonable proportion of R&D investment.

He Wenkang was thinking about research and development, and did not consider the issue of corporate profitability. In 2001, Asmeya invested 250 million euros in research and development, but its sales were nearly 1.6 billion euros.

This is also a very strange phenomenon in this era. Companies that can make money do not engage in scientific research, and companies that engage in scientific research will not make money.

Therefore, the first thing Meng Qian bought the factory was to make the factory make money. Now the factory has a certain foundation, has a certain number of customers and reputation, and the factory’s products are ok, but He Wenkang has never paid much attention to sales. It’s scientific research.

But I can’t say He Wenkang. Only a few companies can do well in such a balance of making money and supporting scientific research.

The global lithography machine industry has basically maintained a steady increase in market demand since 2000. In addition to 2008 and 2009, the financial crisis also impacted the semiconductor industry. In 2009, the global market demand for lithography machines plummeted. , But except for those two years, the total global demand for lithography machines has been around 100 billion soft coins.

Although Asim has a 100% share in the EUV high-end lithography machine market, its share in the entire lithography machine market is 70%.

According to the 18 years of sales of more than 10 billion euros, that is to say, in the case of the monopoly of Asmarck’s market, there are still three or four million in the lithography machine market left to other lithography machine manufacturers.

Other manufacturers in the three or four million market for later generations are mainly Nikon Canon, SUSS and domestic Shanghai Microelectronics.

Therefore, the first thing Meng Qian needs to do is to do the Shanghai microelectronics of this era in this market at this time. In 2001, first improve the profitability of the factory, because Meng Qian understands the principle of making money first and then spending money. In 2001, in the era of Nikon’s boss, there was at least one to two billion in the low-end lithography machine market that could be grabbed. He Wenkang only made 750 million, and there is a lot of space.

It is also because, with the current capacity of the factory, the excessive R&D in the factory itself this year is meaningless. Improving production efficiency, rationalizing the arrangement of workers, and improving the craftsmanship of the workers are the key in a short period of time.

Because according to the company’s R&D budget, it can be seen that 250 million of the 300 million R&D expenses are spent on the light source.

Each company’s R&D is focused. For this focus, there will be corresponding personnel and resources. Obviously, He Wenkang’s focus is on the issue of light sources. Why should I borrow money for R&D? The world’s lithography machines are all caught in the light source problem and cannot find a solution, so He Wenkang wants to grab it.

After all, for He Wenkang, even if the technology developed later cannot be supported by his own process, he can go to other people to cooperate like TSMC As a core technology patent owner, this is also very awesome. , The key is to research this thing first.

But for Meng Qian, his rebirth advantage can completely save this money, because he already knows the answer. In these years, the world’s known investment in R&D of 10 billion light sources, the final result is that everyone’s R&D direction is proved to be wrong. of.

Meng Qian relied on the advantage of rebirth to know the answer, which also meant that he didn’t have to spend the money.

But the R&D core of this factory is the light source, so the focus of R&D in the future is definitely not in the factory itself. Meng Qian must first get things done upstream, and then finalize the cooperation method and factory positioning.

Therefore, in the eyes of others, the profitability of this factory cannot support R&D. For Meng Qian, not only can he enter the game, but he can also start making money when he gets it…

The open life is comfortable.

After further confirming the situation of the lithography machine R&D plant, he discussed the details of the acquisition with He Wenkang. Under the attitude of Meng Qian, He Wenkang finally convinced himself.

Yes, he is the one who convinces him in the end. Only he can convince himself in this world.

is able to do something like 750 million marketing dollars and 300 million R&D investment, and we can further see how stubborn this person is.

He Wenkang did not know what the reasons were. He took the initiative to reduce the down payment to 100 million, and then went through various processes. The formal acquisition is estimated to have to wait for the end of the month or even next month, and Meng Qian returned to Hangzhou for the next step of planning.

The integration of upstream resources is a matter of little time and space for Meng Qian.

After returning to the company, Meng Qian took out his previous planning plan, and after some consideration, wrote three words: laser…