bullyxtreme Chapter 457 Protection Fees of the “EUV LLC” Organization
Chapter 457 Protection Fees of the “EUV LLC” Organization
After Yang Mo pondered for a long time, he still shook his head and said: "Mr. Ke Cilei, with all due respect! Just making these minor repairs is not enough. As the major shareholder of Asmail, Philips needs to continue to provide Blood transfusion, coupled with the independent semiconductor company, also requires a large amount of cash, and Philips’ financial situation cannot meet our investment requirements for the time being!”
Ke Cilei had noticed the looseness in Yang Mo's words, and quickly assured him: "Mr. Yang, you don't have to worry about this, Philips is preparing to transfer its equity in Asmail, so that the capital chain will be completely revitalized! "
Yang Mo felt ecstatic in his heart, but said calmly: "Okay! Since Mr. Ke Cilei is so sincere and courageous, Zhiyuan Group is willing to reach an in-depth strategic cooperation with Philips and become the second largest shareholder of Philips!"
Ke Cilei said with a look of joy on his face: "Mr. Yang, happy cooperation! I will find a buyer for Asmail as soon as possible, and then separate the semiconductor business!"
After Yang Mo thought for a while, he said with concern: "Mr. Ke Cilei, the production of lithography machines has reached a bottleneck of 157 nanometers, and the impact of the bursting of the Internet bubble is still spreading. At this time, there are not many buyers willing to accept Asmail! "
"Mr. Yang, what do you think?" Ke Cilei asked.
"In this way, we will take several steps. We will not publicize the cooperation between Zhiyuan Group and Philips for the time being. Let's use the name of Asmail's participation in the "euvllc" organization led by Intel to hype it up. Then I will personally find Asmail from the capital market. Seller, maybe you can get a good price this way!" Yang Mo continued.
Ke Cilei readily agreed, but how did he know that Yang Mo was interested in Asmail's equity, which he always disliked, and the semiconductor business that Philips was about to separate from.
A few years ago, Philips, which was still ranked in the top 500 of the Fortune 50, would make two unforgivable mistakes: selling Asmail's controlling stake and separating its semiconductor business.
The emergence of Yang Mo only accelerated his fall from the world's top companies...
Under Yang Mo's instruction, Li Heping and several of his affiliated companies flew to Amsterdam one after another.
Yang Mo and Ke Cilei "singed and harmonized" and boasted Asmail's potential to the sky, demanding an 8% premium to sell Philips' 27.6% stake in Asmail, but Li Heping was "not fooled"...
In the end, after several rounds of negotiations, Philips agreed to package its semiconductor business, which it planned to separate, with its stake in Asmail, which impressed Li Heping!
Qianhai Asset Management and its management companies spent US$9.6 million to successfully obtain 27.6% of Asmail’s equity and all the equity of the independent semiconductor business!
Yang Mo also completed the capital injection as promised and became the second largest shareholder of Philips.
.........
Veldhoven, a city in the south of the Netherlands.
In a small city with a population of less than 30, Asmail Lithography Machine Company is located here.
At this time, Asmail was far less glamorous than later generations. Since its establishment, it has been suppressed by Nikon and Canon.
ASML President and Chief Technology Officer Martin Vandenbrink stood in front of the floor-to-ceiling window with a solemn expression...
Over the years, Asmail has been on the verge of a broken capital chain countless times, walking on thin ice through every Moore's Law cycle.
The struggle for dominance of integrated circuits between the United States and Japan throughout the history of semiconductor development has allowed this European lithography machine manufacturer to persevere and successfully join the "euvllc" led by the three major national laboratories in the United States and Intel. organize.
But how can it be so easy for Americans to take advantage? The conditions he agreed to in order to join the "euvllc" organization were like a huge mountain, weighing Asmail out of breath!
The so-called "euvllc" organization was established only to demonstrate the feasibility of EUV technology. Even so, ASML still made a condition that the US government would find difficult to refuse: ASML will fund the construction of factories and R&D centers in the United States, and guarantee 55% All raw materials are purchased from the United States.
In fact, to put it bluntly, the US government has established a semiconductor alliance in order to fight against the Japanese photolithography giants Nikon and Canon. Japanese companies are not allowed to join. European companies can join, but they must pay the money to buy it...
The research and development of lithography machines is a process that constantly burns money. It is a highly capital-, technology- and intellectual property-intensive product. Where can I find the spare money to pay "protection fees"?
Asmail's promise to build a factory and R&D center in the United States has been delayed again and again, and the scientific researchers sent out to participate in R&D have naturally been excluded from core R&D...
"Martin! Two news, one good news and one bad news, which one do you want to hear first?" Del Prado, one of Asmail's major shareholders, walked in and said mysteriously.
Del Prado is a fierce man. As one of the founders of ASML, he almost eats and sleeps at ASML. Perhaps his greatest achievement in his life is to persuade Philips to merge the lithography machine production department with the ASML company he founded. .
Although he agreed to a series of extremely harsh conditions from Philips, his temporary surrender also revealed his charm, ambition and fearlessness!
"Del, let's talk about the good news first! We have heard so much bad news during this period that we are numb!" Martin Vandenbrink said with a wry smile.
"The good news is that Qianhai Asset Management, the largest capital company on Wall Street, and six capital companies have jointly acquired the equity of Asmail held by Philips. Mr. Li Heping will come to Asmail in person in the next two days to meet with us!" Del Prado said with a smile.
"Sure enough, it's good news! Del, the cash flow that has been bothering us will be relieved soon! What's the bad news?" Martin Vandenbrink said with excitement.
"The bad news is that after Philips sold its shares in Asmail, Zhiyuan Group acquired 12% of Philips' shares in cash! Yang Mo personally led the acquisition!" Del Prado continued.
"Why is this bad news?" Martin Vandenbrink asked in confusion.
Del Prado shrugged and said: "From the entire acquisition process, it is very obvious that cutting out the bad semiconductor business is one of the conditions for Yang Mo to inject capital into Philips!"
Martin van den Brink pondered for a long time and then said: "One thing I don't understand is that Qianhai Asset Management has always been an ally of Zhiyuan Group and has participated in many long-short games in the financial market. Since it is to throw away the burden, why should they pull it in?" Where is Qianhai Asset Management going?"