After the activity, Wu Hao and the others took a short rest, drank morning tea, and then started working.
This will also be the first board meeting of Core Technology Co., Ltd. attended by all shareholders. In addition to shareholders like Wu Hao, this meeting also includes the management of Core Technology, namely Yuan Shouyi and others.
Wu Hao and the others will listen to their relevant work reports at the board meeting and discuss and decide on some major company issues.
The meeting was held in the small conference room of Core Technology Co., Ltd. The environment of this conference room was still very good. It should be said that the environment of the entire Core Technology Co., Ltd. campus is good. This park is located in a high-tech industrial zone in the suburbs. The local government has also allocated a large park for them, with a total area of about one thousand acres. In this park of more than one thousand acres, in addition to the office park, there is also the entire Research and production park.
The construction of the entire park was rebuilt on an unfinished factory project. In order to catch up with the schedule, we chose to accept this unfinished factory project after many inspections.
This saved them a lot of time. They must know that if they reselect a site, it will involve a series of problems, such as the most time-consuming and labor-intensive problem of money, as well as issues such as land leveling, which will take a lot of time.
So in the end, after continuous on-site inspections and strong recommendations from Shanghai’s local leaders, they finally took over this unfinished project.
For the local leaders of Shanghai, it is definitely a great thing that someone has finally accepted this unfinished project. This can also be regarded as a reuse of resources.
A professional design and construction team was hired to conduct a comprehensive inspection and evaluation of the building facilities in the unfinished factory area, and re-planning was carried out based on the actual conditions of the factory area. Judging from the inspection and evaluation results, it is still very gratifying. Most of the buildings in the factory are in very good condition and can be fully used.
Therefore, after retaining some available building facilities, the design and planning team then built relevant laboratories and manufacturing workshops according to relevant requirements.
In order to meet the deadline, the entire construction period was compressed very tightly. It only took seven months from the start to the completion of the construction. Including the subsequent decoration, it took a total of about ten months.
Yuan Shouyi moved here from the rented building with the R&D team and company employees he built, and immediately began relevant research work.
In the small conference room, Wu Hao and the others were lined up in front of the conference table, looking at the big screen in front of them and listening to the work report from Yuan Shouyi and the others.
In a work report that lasted for more than 40 minutes, Yuan Shouyi introduced Core Technology in detail from the beginning of its establishment to the entire research and development process and its final success, and then listed the challenges they are currently facing. difficult problem.
One of the core problems is the lack of money.
Regarding this issue, all shareholders in the conference room seemed a little silent. The entourage sitting in the back row and the management cadres of Core Technology all held their breath and watched nervously the reactions of the shareholders sitting in the front row.
Facing the silent crowd, it was Lao Ma who was the first to break the calm. He looked at everyone present, then coughed and said, "Silence cannot solve the problem. Now that the problem is in front of everyone, let's talk about it."
How long does it take? One hundred billion has been burned out. This is too fast. Li Feihong couldn't help but speak.
Sun Shu, who was sitting next to him, said: "The lithography machine research and development industry is a money-burning project, but burning 100 billion so quickly is indeed a bit..."
Sun Shu didn't finish what he said, but everyone understood what he meant. There is no doubt that he also feels that the speed of burning money is a bit too fast.
Tao Zhengyang, who knows something about this aspect, said: "Whether it is photolithography machine research and development or chip manufacturing, it is a very money-burning industry, and this time we have entered these two industries at the same time, with a total investment of 100 billion. In fact, there are not many, even relatively small.”
Xue Bing nodded and said: "Indeed, whether it is the research and development of photolithography machines at Core Technology Company or the construction of our factory in Shudu, they are all gold-swallowing beasts that spend money like water. Compared with other companies, our words are true. There are relatively few.”
After hearing what everyone was saying, Wu Hao knocked on the table and said: "I think everyone should stop worrying about this hundred billion. It has been spent anyway, so what can you do? As for where it has been spent, is it expensive? If you have any questions, you can check the accounts or send a professional team to conduct an audit.
I think these are all fine and are the rights and interests of shareholders. What we are going to discuss now is that we have no money, what to do now, and how to solve it. "
After saying that, Wu Hao looked at Lao Ma and Xiao Ma on the side. They had anticipated this and had always had a backup plan.
After feeling Wu Hao's gaze, Xiao Ma immediately said: "The project has reached this stage. What can we do? We can only invest more. Everyone knows the development prospects of this project. I don't think it is necessary." What worries?"
You can't say that.
Liu Qixiang, who was sitting opposite Xiao Ma, said: "The development prospects of this project are very good, and everyone knows it. But we also need to formalize the difficulties and problems that this project will encounter.
First of all, what we have to face is definitely pressure from the West and our strong rival Helan. They definitely don’t want us to have such a high-process 5-nanometer EUV lithography machine, and will do everything possible to target us.
I won’t talk about other aspects. I believe everyone must know about those methods and have even experienced them. "Speaking of this, Liu Qixiang glanced at Wu Hao and Tao Zhengyang, and then continued: "I will just say one thing, this is also what Western companies are accustomed to. How can they relax control over our 5-nanometer EUV lithography machines and allow 5-nanometer EUV lithography machines to be exported to China? What should we do? Can we outcompete each other?
In addition, if the other party wants to suppress our 5-nanometer EUV lithography machine and thereby unblock the export use of your most advanced 3-nanometer and 2-nanometer chips, then how should we respond?
This project is good, but for us investors, the most undesirable thing is to only see the immediate benefits and ignore the risks behind the benefits.
Therefore, I think we should be fully prepared in this regard and further examine the risks involved in this project to face them rationally. "
Liu Qixiang's words are correct at first glance. Such a problem does exist. But the core meaning of his words is still to refuse or oppose additional investment. For a veteran like him who has been in the capital market for many years, what he has to do is to pursue the greatest interests instead of taking greater risks.
