My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 71 Private Capital Enters National-Level Chip Project for the First Time!
[Sigh, just cooperating is so boring. It would be great if we could invest in Vimicro right now.]
[If Dad really wants to enter the smartphone market in the future, just assembling won't be enough. He needs his own core technology; the chip is the heart of the machine!]
[If we could become a shareholder of Vimicro, we could not only get cheaper chips, but also influence their strategic direction through the board of directors, allowing them to avoid detours and directly compete with Qualcomm and MediaTek.]
[Besides Vimicro, companies like SMIC and BOE, which are currently "money-guzzling beasts," will become crucial national assets in the future. If you could invest now while prices are rock-bottom... wow, the prospect is too beautiful to bear.]
Now that I've been given a second chance at life, I can't just watch my dad be held hostage by the Americans, can I? I have to develop a "Chinese chip," otherwise I, as a reborn person, would be too ashamed.
Chen Xiaotian rattled off the names of several future semiconductor giants in rapid succession.
Chen Feng remained outwardly calm, but inwardly he was overjoyed.
Good lad, this isn't just your inner thoughts, it's practically a secret to wealth!
SMIC, BOE... he silently memorized these names.
As for investing in Vimicro, this is indeed an excellent entry point.
The newly registered "Fengtian Capital" is still an empty shell, and they are worried about where to spend their money.
Just as Chen Feng was secretly making plans, the leader, seeing that the time was right, stood up and said with a smile, "Alright, since you two are both interested, I won't interfere with the specific details of the cooperation."
"I have another meeting, so I'll head out first. You young people can continue chatting."
"Take care, sir. Let me see you off."
Chen Feng quickly got up to see him off, escorting his leader all the way to the elevator.
After seeing the Buddha statue off, I returned to my office.
Chen Feng and Deng Zhonghan sat facing each other, and the atmosphere became much more harmonious.
The two discussed the general framework for cooperation in chip supply and demand very smoothly.
The technical parameters were agreed upon, the sample testing process was finalized, and the initial procurement intentions were mostly settled.
As for the specific price and contract terms, such details will naturally be handled by the subordinates; there's no need for the two bosses to haggle over every little thing during their first meeting.
Seeing that the tea was almost ready, Chen Feng picked up his teacup, took a sip, and casually glanced at Chen Xiaotian, who was whispering with Chu Yuan in the corner.
Then, he put down his teacup, smiled and looked at Deng Zhonghan: "President Deng, I actually think that in addition to our business cooperation, our revolutionary friendship can be further elevated."
"Oh?"
Deng Zhonghan became interested. "What does President Chen mean?"
Chen Feng placed his fingers interlaced on the table and said sincerely, "Fengtian Technology started out making hardware, and we have a long road ahead. Our product line will become increasingly diverse. In this process, chips are our food, our lifeline."
"I've always had this idea of leveraging capital to deeply integrate into the semiconductor industry chain. In the past, I was willing but unable, lacking both funds and connections. But after meeting Mr. Deng today, I feel the opportunity has arrived."
"I wonder if Vimicro currently has any financing needs? If so, I would very much like to invest in your company as a strategic investor."
Upon hearing this, Deng Zhonghan was stunned.
He originally thought Chen Feng just wanted to buy chips or set up a joint R&D center, but he didn't expect the other party to have such a big appetite and go straight for equity.
Hearing this, Chen Xiaotian, who was in the corner, suddenly looked up and stared at his father in shock.
Holy crap! Dad has amazing taste!
I was originally planning to wait until Deng Zhonghan left before subtly hinting to my dad about investing in semiconductors. I didn't expect him to bring it up himself first!
Is this what they call a master's intuition?
Hearing his son's heartfelt words, Chen Feng's lips curled up almost imperceptibly; he felt a sense of relief.
You brat, do you really think your dad's a pushover?
Deng Zhonghan pondered for a moment, his expression becoming somewhat solemn: "President Chen, in principle, I don't object to this. But as you know, Vimicro is a key project supported by the Ministry, and the Ministry of Information Industry is the major shareholder, holding 65%, while our team only holds 35%."
"Moreover, the higher-ups value controlling stakes highly. Even if they agree to bring in external capital, the shares you, Mr. Chen, will likely be limited. Please understand this."
Chen Feng laughed heartily and waved his hand, saying, "I understand, I completely understand! For projects led by the Ministry of Information Industry, maintaining absolute state control is the bottom line, and I never intended to usurp the role."
"My investment is purely to secure a foothold in this sector and provide Fengtian Technology with a reliable technological support. As for the share size, even a small one would be enough for me."
Hearing Chen Feng's statement, Deng Zhonghan breathed a sigh of relief, and the smile on his face became more genuine.
"President Chen is a straightforward person! To be honest, chip manufacturing is a bottomless pit, burning through money like water. The ministry initially gave us ten million yuan in start-up funding, but after two years of R&D, we're really running a bit short of funds."
"If we had an injection of industrial capital like Mr. Chen's, it would be a godsend for us, and our team would be more than happy to receive it!"
"Okay, I'll go back and report to the ministry immediately. If they approve, this matter will basically be settled."
"Then I'll have to trouble you, Mr. Deng."
"Not at all, this is a win-win situation."
......
Deng Zhonghan was decisive and efficient in his work.
Not long after I left Fengtian Technology, they called me in the afternoon.
When the leader who had just come to inspect the area heard that Chen Feng wanted to invest, he not only did not object, but also praised him highly, believing that this was a good example of private capital supporting the country's high-tech industries.
Having obtained the imperial sword, the rest was a matter of course.
Just two days later, representatives from the Ministry of Information Industry, along with their legal team, visited again.
After several rounds of friendly and efficient negotiations, the two parties finally finalized a cooperation agreement: Fengtian Capital will invest RMB 30 million to exchange for 10% of the equity of Vimicro Electronics.
For Chen Feng, who is now wealthy and powerful, 30 million is just a drop in the ocean.
But taking this step is of great significance.
Not only has it successfully entered the core semiconductor circle, but it has also laid a solid foundation for future development of the smartphone industry chain.
As for the "multi-chip architecture error route" that Chen Xiaotian was muttering to himself, Chen Feng also secretly wrote it down in his notebook.
Once I become a board member, I can find a suitable opportunity to give some "guidance" and correct the course of this big ship.
Chen Feng was in high spirits after securing Zhongxingwei.
However, this is only the first step in a long journey.
"Next, we need to get a feel for the situation and take stock of the domestic semiconductor industry. In particular, we should get involved with the big players like SMIC and BOE that Xiaotian mentioned, if there's an opportunity."
"But before that, the most urgent task is to truly establish the framework of Fengtian Capital and its holding group."
Chen Feng leaned back in his chair, his fingers tapping lightly on the table.
"It's definitely not enough to rely on Zhao Ya alone. She is the vice president of Fengtian Technology and has a lot of business to manage. Asking her to also be in charge of recruitment for the group and investment companies is a bit too much to ask and could easily cause complaints from other shareholders."
"For these kinds of side jobs, you still have to find someone from your own family."
With that thought in mind, Chen Feng got up and went downstairs, heading straight to Legend Network.
That was his private property, wholly owned by him.
Su Qing was also a trusted confidante whom he had personally promoted, so it was most appropriate to entrust her with such a tedious and troublesome task as recruitment.
You'll Also Like
-
Middle-aged tycoon: Twins come knocking on his door when he goes home for Chinese New Year
Chapter 265 18 minute ago -
Xiu Gou's Taming Record
Chapter 202 18 minute ago -
The 1960s: The Story of a Country Girl's Journey to the City
Chapter 183 18 minute ago -
Antique Shop Zero: Disfigured School Beauty Becomes a Succubus to Pay Off Debts
Chapter 291 18 minute ago -
You were sent to participate in a transformation program, not to participate in poverty alleviation.
Chapter 24 18 minute ago -
Douluo Continent: Angels Reappear, Accompanied by Nine Treasures
Chapter 31 18 minute ago -
Reborn in the Chinese Entertainment Industry: My Childhood Sweetheart is Boss Yang
Chapter 249 18 minute ago -
My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 111 18 minute ago -
Give children a little self-destruction shock to their worldview.
Chapter 244 10 hours ago -
Douluo Continent: Starting with a Tom Cat
Chapter 242 10 hours ago