Rewrite the Technological Landscape

On November 10, 2009, an incident occurred on this day. SMIC Zhang Rujin resigned, and the 6-year dispute with TSMC came to an end. He paid 200 million yuan in compensation and sold 10% of the shares. In the acquisition plan, TSMC does not have any management and decision-making rights, and only enjoys benefits.

But on this day in this life, the matter did not end. Dafeng Group, as the major shareholder of SMIC, invited Zhang Zhongmou to Dafeng Group to have a chat.

In the VIP meeting room of the Dafeng Group, Zhang Zhongmou sat opposite Meng Qian with a solemn expression, "Mr. Meng, Zhang Rujin did steal my technology, that's a fact."

"From the perspective of technical logic, 99% of the technology companies in the world started from plagiarism. Does Mr. Zhang agree with this statement?"

Zhang Zhongmou said helplessly, "Mr. Meng is right, but that doesn't mean we can't use legal weapons to protect ourselves."

"Of course you can use the law to protect yourself, and I never support the idea that existence is justified, but I understand a truth, there must be a limit to everything, and things will be different after this limit.

Mr. Zhang kept saying that all the suppression of SMIC was due to Zhang Rujin stealing technology. Now Zhang Rujin has accepted his resignation and the compensation for the corresponding technology, but TSMC insists on 10 points of shares in SMIC, which is a bit unreasonable. ? "

Zhang Zhongmou frowned and looked at Meng Qian, "SMIC has grown to today's scale relying on our technology. What's wrong with us wanting 10 points from SMIC?"

Meng Qian's expression was very serious, "Of course there is a problem. For a company of the size of SMIC, every point of shares has great commercial value. However, TSMC directly took away 10 points of shares in one go, and did not Given any kind exchange, what is the purpose of purely occupying SMIC's already diluted equity?

In particular, the whole world knows that TSMC's shareholding will not bring any benefits to SMIC, but will only hinder the development of SMIC. Doesn't TSMC know it, so where does the so-called benefit come from? If what you really want is profit, the plan of 2 billion yuan in five years is obviously more reasonable than 10% of the shares. TSMC also obviously needs cash now. If you are so obsessed with shares, I am afraid that you have other ideas. "

"This is just a longer-term consideration." Zhang Rujin made a gesture of spreading his hands.

"After this financial crisis, TSMC's major shareholder should have completely become Citibank, right?" Meng Qian stared straight into Meng Qian's eyes, "Mr. Zhang, why were you so resistant to the capital injection from Dafeng Group? The condition of our dismissal at that time was also to only hold shares and not to operate.”

After being silent for two seconds, Zhang Zhongmou realized that it was meaningless to fool around in front of Meng Qian, so he simply stood up, "Mr. Meng, leave everything to the court for judgment."

Meng Qian's expression also relaxed, "Forget it, let's leave this matter as it is, let's talk about another matter, Mr. Zhang should have read the warning letter I sent."

Zhang Zhongmou's eyes moved slightly, "I see."

"Since I saw it, why did Mr. Zhang order two ASML lithography machines?"

"This is a matter between you and ASML. We are just buyers." Zhang Zhongmou did not respond positively. He thought that Meng Qian would have nothing to do with him. He should have gone to ASML to reason.

Meng Qian turned the teacup in front of him, "Mr. Zhang, you said that Zhang Rujin can resign in order to protect SMIC, so will ASML give up a buyer in order to protect himself?"

Zhang Zhongmou, who didn't take Meng Qian's words seriously at first, changed his face suddenly, and even angrily said, "Mr. Meng, you are an unfair means of competition!"

"Do you dare to say that the competition between TSMC and SMIC has always been legitimate?" Meng Qian's face also turned cold, "Even if we don't mention SMIC, how much technology did TSMC steal from Texas Instruments back then? What kind of deal did TSMC make with Nihonguo? Mr. Zhang talked to me about business ethics, so he probably doesn’t have the qualifications?”

Zhang Zhongmou took a deep breath, "I don't understand, why did Mr. Meng intervene in this matter?"

"Because I'm interested in the shares of SMIC, is this a good reason?" Meng Qian mentioned one of the two reasons why he helped SMIC. Meng Qian did propose to SMIC to increase investment. After Zhang Rujin left, Meng Qian felt somewhat uneasy, so he wanted equity, and he even wanted to be the largest shareholder, although it was a bit difficult.

Facing such a righteous threat, the flesh on Zhang Zhongmou's face began to tremble, "What kind of plan does Mr. Meng want?"

"SMIC has already given the plan, and I still say that, I think SMIC's plan is indeed more reasonable than a 10% stake.

Also, TSMC has suffered a serious brain drain recently, so Mr. Zhang should pay more attention to the internal affairs of the company. "Meng Qian held the teacup in one hand and looked at Zhang Zhongmou quietly.

Zhang Zhongmou didn't continue to fight, so he left Dafeng Group with entanglements. He needed to go back and have a good chat with the shareholders.

As soon as this Mr. Zhang left, another Mr. Zhang came. Zhang Rujin seemed to be doing well, "Mr. Meng is looking for me today?"

"Didn't Mr. Zhang say before that he planned to invest in the LCD screen industry after leaving SMIC? Go and see our latest OLED factory."

Meng Qian asked Zhang Rujin to get into the car, and then the two set off for the OLED factory in Hangzhou.

After walking around for half a circle, Zhang Rujin was shocked to discover something, "Almost all the core equipment is made in China?"

"Is Mr. Zhang surprised?"

Complex emotions flashed in Zhang Rujin's eyes, and then he smiled helplessly, "Mr. Meng should have an impression when he visited SMIC before. Except for the lithography machine, almost all of our core equipment is imported."

"And most of them belong to the United States, or belong to companies influenced by the United States." Meng Qian glanced at Zhang Rujin, "So you can imagine how big the risk is behind this.

I started my business in 2000, and since 2001, I have taken self-developed core technology as the top priority of enterprise development, because I have never dared to hand over my back to overseas companies, especially American companies. "

"But the problem is that it is difficult to achieve full autonomy in the high-tech field. They have been ahead of us for decades, and they are not idle when we are developing." Zhang Rujin looked very helpless.

"So I need to build some core chips. Comprehensive self-research in a short period of time is indeed impossible, but if I have a few more cards that can be played in my hand, I will at least be qualified to negotiate. I think back then that I had 100 to 200 million Assets immediately started to challenge the lithography machine, and everyone thought I was mentally ill.

But now the lithography machine has become one of the absolute trump cards in my hand. Next, I will focus on building more trump cards. In the LCD screen industry, I think OLED has unlimited potential in the future, and in the development of OLED, We have seized certain opportunities. "

"I heard that in terms of OLED technology, Dafeng Group and Samsung are basically at a 50-50 level?"

"Mr. Zhang should know that on the traditional LCD mobile phone screen, Samsung has basically announced its withdrawal from our price war because it can't bear it, and has focused on large-size LCD screens. The neon country has long since had no way to fight. In addition, the sales of Hongmeng mobile phones have exploded, so in the field of LCD mobile phone screens, we have seized nearly 80% of the market in the past two years, and we will continue to smash this market in the future.

Our research shows that the most suitable application products for OLED are mobile phones. Huawei, ZTE, Sony, Motorola and other brands will launch OLED screen mobile phones at the beginning of next year, and their screens will be provided by our company. "

Zhang Rujin understood, "Mr. Meng seized the LCD screen market and promoted the development of OLED screens through the market. As a result, Samsung has already lagged behind Dafeng Group in the market. If Dafeng Group can maintain R\u0026D in the next few years It will be difficult for Samsung to challenge the Dafeng Group in the field of OLED screens if it maintains a certain level of technological leadership, and it is still 50-50, and the market opportunity is also with the Dafeng Group.”

"That's right, so if Mr. Zhang is interested in investing in the LCD screen industry, we just need talents here. I wonder if Mr. Zhang is interested?"

Zhang Rujin's original relaxation was pretended, but now his expectation is real, "I have been chasing others, but I also want to feel what it feels like to be chased by others."