81. Chapter 81 The Son of the Ministry of Science and Technology
Chapter 81 The Son of the Ministry of Science and Technology
As two high-tech private enterprises, both Dahan Silicon and Silicon Technology can completely reject the merger proposal proposed by Chief Lu.
But in the face of major issues, in the face of this kind of foreign capital robber-like technology harvest, it is very necessary and acceptable for both parties to make certain sacrifices in exchange for the entire semiconductor industry to overcome the crisis as soon as possible.
And this sacrifice of interests, in fact, is not really that big under Chief Lu’s big hand. In the long run, this is not only beneficial to the entire semiconductor industry, but also to Dahan Silicon and Shencheng Silicon Industry.
If the silicon wafer crisis cannot be resolved this time, then China’s wafer factories can only buy imported silicon wafers at a sky-high price of 5,300 per piece. Based on the monthly gap of 1.9 million pieces, it will cost nearly 10 billion, which is 8.7 billion more than before the price increase! And this is every month. If this crisis lasts for two years, the loss will be more than 200 billion.
One tenth of Hengda has evaporated!
And all this is based on the premise that the other party does not continue to raise prices.
It is conceivable how much damage this will cause to the domestic wafer manufacturing industry. As a supplier of upstream raw materials, if the midstream industry is almost dead, how good can they be?
After the general direction is determined, the remaining is valuation.
Kang Chi and Dong Jianyuan also know that the situation is urgent now.
The sooner the integration is completed, the more helpful it will be to survive this silicon wafer crisis. So both of them stayed in Yanjing and remotely commissioned a third-party agency to conduct asset evaluations on the two companies.
According to the previous calculation of imported equipment from abroad, investing in a 12-inch semiconductor-grade silicon wafer production line with a monthly production capacity of 100,000 pieces would cost about 2.5 billion yuan.
Since Silicon Information Technology currently has 2 pure imported and 2 pieced-together 12-inch production lines, as well as multiple 6-8-inch silicon wafer production lines.
Among the small-size production lines, there are also two third-generation semiconductor materials, silicon carbide wafer production lines, which are relatively valuable.
Therefore, Silicon Information’s valuation of the silicon wafer production line is about 15 billion yuan, and both parties have little objection to this.
But unlike ordinary manufacturers that simply manufacture silicon wafers, Silicon Letter Technology is also a research and development company for silicon wafer manufacturing equipment. Over the years, they have invested more than 40 billion in research and development.
In this area, the two sides have a big disagreement.
First of all, the actual results of these R&D investments are definitely far lower than this number.
Even if some of the results are actually good, Kang Chi does not want to spend too much money to buy what he already has.
After all, he has plenty of technology for manufacturing single-crystal silicon wafers.
However, Kang Chi still values Silicon Letter’s R&D equipment and talents.
With these, the second and even third phases of Dahan Silicon Industry can be quickly launched.
Kang Chi and Dong Jianyuan even negotiated three times within one day. Finally, on the second day, Kang Chi entrusted Chen Hai to send the blueprint safe in his office to Yanjing urgently, and then threw a bunch of design drawings that Dong Jianyuan couldn’t even understand on the table, and finally forced Dong Jianyuan to admit that their technology was worthless…
Of course, Kang Chi didn’t do it too much and really devalued them to nothing. Those talents, equipment and factories were still there.
Finally, Kang Chi agreed to acquire Silicon Letter Technology at a price of 150+120, a total of 27 billion yuan.
For Shencheng Silicon Industry, selling Silicon Letter at this price must be painful, but in this case, this pain is completely acceptable.
As for Dahan Silicon Industry, it is simple. They don’t have many fixed assets, mainly the technology of floating belt single crystal furnace, which is valued at 8 billion.
This valuation is actually a bit low, but considering that it is a technology that is temporarily restricted from export, it can be barely accepted.
As for the unverified technologies in the second phase, they cannot be included in the evaluation scope, so the final valuation of Dahan Silicon is 8.5 billion.
In this way, the total value of the integrated Dahan Silicon is 35.5 billion. If Shencheng Silicon Industry chooses to hold a maximum of 10% of Dahan Silicon, it needs to deduct 3.55 billion from the valuation of 27 billion of Silicon Technology.
So in the end, Dahan Silicon will be worth 35.5 billion.Han Silicon Industry will complete the acquisition of Silicon Technology at a price of 23.45 billion yuan.
As soon as the news came out, it immediately attracted the attention and discussion of the entire semiconductor industry.
In fact, everyone has been waiting with their necks stretched out, wanting to see what kind of action will be taken in response to this silicon chip crisis.
And the action that was waited for is not small! “In fact, I guessed that it was an industry integration, but I didn’t expect it to be Dahan Silicon, which directly destroyed Silicon Letter Technology…”
”The question is, where did Dahan Silicon get so much money to swallow Silicon Letter?”
”It must be given by the higher-ups, otherwise how could Dahan Silicon come up with more than 20 billion out of thin air…”
”This move is amazing, much better than directly issuing support funds!”
”Awesome, Dahan Silicon, the son of the Ministry of Science and Technology!”
”If you can make a floating belt single crystal furnace, you can be called an illegitimate son, not a son.”
”…”
This integration storm quickly attracted the attention of the public. They were originally pessimistic because of the silicon wafer crisis, but after seeing this news, they regained some confidence.
It can be said that the eyes of the whole country are now focused on Dahan Silicon.
Whether the silicon wafer crisis can be overcome depends on whether the integrated Dahan Silicon can live up to its mission and achieve an all-round breakthrough in silicon wafer manufacturing technology! —— At the same time, Shin-Etsu Chemical, which has been paying attention to the dynamics of China’s silicon wafer industry, also learned the news at the first time.
”Dahan Silicon has swallowed up Silicon-Signal Technology?!”
When Nohara Takehiro first heard the news, he couldn’t help but show a surprised expression.
After all, this kind of merger and acquisition of a small swallowing a big one is still very rare in the capital market.
“China’s move this time is quite big,” Fukuhara Yukiji asked with some concern, “Will this have an impact on our plan?”
”Impact?”
After a brief surprise, Nohara Takehiro quickly regained his composure and sneered, “The bigger their moves, the more panicked they are. The technology of polishing and grinding equipment is not so easy to break through. Let’s just wait for them to come and beg us to sell silicon wafers.”
Fukuhara Yukiji nodded: “I can’t wait to see their expressions after their inventory is used up, haha.”
Nohara Takehiro also smiled, but soon, a trace of worry appeared on his face again.
“It’s a pity that such a beautiful scene may not last too long. Those M countrymen are actually right about one thing…”
”China will break through silicon wafer technology sooner or later. It’s just a matter of time. We can only pray that their progress can be slower. It would take three to five years from technological breakthrough to production capacity…”
After listening to Nohara Takehiro’s words, Fukuhara Koji’s smile gradually faded.
”Or, let the higher-ups think of a way to give Kang Chi and Yan Hui…”
”Stupid, what you can think of, China can’t think of? They may have a company around them now. If we go now, everyone will die… They may even hope that we will die.”
”…”
Fukuhara Koji smiled awkwardly.
“Has the research and development of the floating belt single crystal furnace made any progress?”
”Uh… we are still working on it.”
”Then why are you still talking nonsense here?”
”…”
It’s the third update today~ (End of this chapter)