Chapter 890 Investing in Cymer

Style: Romance Author: anatomy teacherWords: 2268Update Time: 24/01/18 16:42:16
In 1961, GCA was the first company to manufacture commercial stepper and repeat mask reduction equipment; in 1975, it launched the first wafer track for resist processing; in 1978, it launched the DSW 4800 , the first successful wafer lithography machine; in 1985, it developed the first DUV stepper projection lithography machine developed for Bell Labs.

Strong technical strength.

In 1988, General Signal acquired the financially troubled GCA for US$76 million. Subsequently, Sematech funded GCA's development of KrF lithography machines.

In the previous life, because the Americans did not allow EUV lithography machines produced by ASML to be sold to China, articles discussing lithography machines often appeared on the Internet. Patriotic intellectuals were filled with indignation. It was just a lie that knowledge without borders was a lie.

The technological iteration process of lithography machines is divided into five generations. The first generation is g-line, a proximity lithography machine with a wavelength of 436nm, and a chip manufacturing process of 800-250nm; the second generation is i-line, a proximity lithography machine with a wavelength of 365nm, and a chip manufacturing process. 800-250nm; the third generation is KrF, wavelength 248 scanning projection lithography machine, chip manufacturing process 180-130nm; the fourth generation is ArF, wavelength 193nm immersion stepper or stepper projection lithography machine, immersion stepper The chip manufacturing process is 45-7nm, the step projection chip manufacturing process is 130-65nm; the fifth generation is EUV, the wavelength is 13.5nm, and the extreme ultraviolet chip manufacturing process is 7-3nm.

In 1990, when SVG had just entered the field of lithography equipment, its major shareholder Silicon Valley Group tried to acquire the loss-making GCA for US$70 million, but the transaction failed. However, SVG successfully acquired it for US$20 million. P&E's lithography business was acquired, and the next-generation step scanning system Mi jointly developed by P&E and IBM was acquired.

GCA is a high-tech company headquartered in Silicon Valley and listed on the New York Stock Exchange. It has a total share capital of more than 887.2 million shares (fully circulated). General Signal owns more than 417 million shares and is the company's The largest shareholder, accounting for 47% of the shares.

The share price of GCA, which is in financial difficulties, is only eighteen cents!

In this era, there are many U.S. listed companies whose stock prices have been hovering below one dollar for a long time!

In the previous life, the three major American lithography companies including GCA, Ultratech and SVG all disappeared.

The birthplace of lithography machines did not have a lithography machine company in the end, which can not but be said to be the failure of the US semiconductor industry.

"Eternal God Emperor"

Reborn people also don’t know whether the stock prices of these famous companies in the fields of computers, securities, retail, communication technology, and biotechnology in their previous lives will rise or fall next month. But he knew that until 2000, before the Internet technology stock bubble burst, the Dow Jones Index had experienced large gains and small rebounds. No shipments were made when it was less than 11,000 points. The market rose fourfold, and individual stocks rose tenfold.

Buy when you have money, only buy but not sell, participate in the company's allotment and additional issuance, and make long-term investments.

In its previous life, the NASDAQ index had an even more astonishing increase, exceeding 5,000 points. The index rose nearly ten times, and individual stocks rose fifty or one hundred times.

The bull market for Internet technology stocks has lasted for nearly ten years!

The network technology stocks carefully selected by the reborn are all big bull stocks that have appreciated by about 100 times.

Due to time differences and trading methods, it is not possible to buy and sell U.S. stock index futures and Nasdaq and New York Stock Exchange stocks in real time on the Hong Kong Stock Exchange.

The current daily trading volume of the Hong Kong Stock Exchange is only HKD 3 to 4 billion. If Wang Dongming's team buys and sells a large number of stocks, it will cause significant market fluctuations. Large funds can only invest in stocks in the New York Stock Exchange or the Nasdaq Stock Exchange.

In 1990, the top ten companies in the U.S. stock market had a total market capitalization of more than 430 billion U.S. dollars. IBM, which ranked first in market capitalization, had a market capitalization of more than 64.5 billion U.S. dollars; Coca-Cola Company, which ranked tenth, had a market capitalization of more than 64.5 billion U.S. dollars. The market value is as high as more than 32 billion US dollars!

The scale of U.S. retirement pension assets reaches more than 800 billion U.S. dollars.

There are now more than 2,000 fund companies in the United States, and large fund companies generally control tens of billions of dollars in funds!

The world’s largest economy is not in vain!

ATIC invests US$200 million in diversified purchases of company stocks on the New York Stock Exchange and Nasdaq exchanges, and there will be no waves. However, with US$200 million and ten times leverage, long-term long positions in Dow Jones and Nasdaq stock index futures contracts will definitely attract risks. With people's eyes, no one will doubt that US$200 million is invested in the stocks of listed companies for a long time.

If ATIC wants to become a world-class financial investment company, it must be exposed to the eyes of the FBI for a long time, operate legally, participate in charity activities, and have a good relationship with the government. Otherwise, sooner or later, it will be targeted by the Ministry of Commerce and be banned in the name of endangering safety. , confiscation of illegal gains, and possible imprisonment, which is a waste of money.

Kunpeng Software also plans to list on the Nasdaq exchange.

Sun Jian transferred the funds from TIC's HSBC Hong Kong account to ATIC's account at HSBC in the United States, invested them in the U.S. stock market and futures market, and boarded the high-speed train in the United States.

ATIC will have the money to continue to buy stocks of these American companies in the future. For those who are born again, investing in these fast-growing American companies is more profitable than investing in their own businesses. There is no need to worry or rush.

The Shanghai Peng stock market is characterized by long-term bearish trends and short-term bullish trends, with sharp rises and plummets. It is not suitable for long-term investment of large funds.

Don't put your eggs in one basket!

Although PengOS accounts for 80% of the domestic share and 20% of the international market, the operating systems of American companies are still far ahead in the international market. The Chinese operating systems of IBM, Microsoft and Apple have entered the domestic market. Who wins and who loses? No results yet? Since the core interests of the United States have not yet been threatened, long-arm jurisdiction will not be used for the time being.

Ten years later, Sun Jian must be careful when going abroad!

-----

USA.

",dstrom,braham,Happy!"

"Happy!"



Dr. Robert Akins and Ridstrom from the University of California, San Diego (UCSD) founded c. in 1986, specializing in the research and development of excimer (excimer laser) laser technology.

Excimer lasers uses a mixture of nitrogen and fluorine to produce 0.25 micron wavelength deep ultraviolet laser light. In the early days of the business, it mainly borrowed research equipment from the University of California. They also defaulted on the school's debt of approximately $250,000. In order to enable Cymer to continue operating, Akins and Sandstrom even mortgaged their homes to raise initial research and development funds.

In 1988, c. received an investment of US$2 million from venture capitalist Richard Abraham. Abraham, who had worked in R&D at Fairchild Semiconductor, Motorola, and Texas Instruments, knew that deep ultraviolet laser light sources would play a vital role in the future IC industry. Due to the importance of process innovation, the proposed investment condition is that Cymer must completely focus on the application development of excimer laser light sources in semiconductor process equipment.

Up to now, Abraham, Akins and Sandstrom have invested more than 10 million US dollars. Due to the downturn in the semiconductor industry in the past few years, it has affected the lithography machine industry. GCA, SVG and Ultratec are also not safe. The excimer laser light source is high in cost due to its high cost. , which is expensive and has not yet opened up the light source market for American lithography machines. Continued investment is needed to improve processes and reduce costs.

The arrival of ATIC general manager Yu Jianguo comes at a timely manner. ATIC is very optimistic about the future development prospects of c. and is willing to invest US$10 million to participate in Series B financing, holding 40% of c.'s shares. As a strategic investor, it will not participate in c. Daily management, not interfering with c.’s development plan, and also committed to participating in c.’s C round of financing in the future.

Behind ATIC is the famous Kunpeng Software Company!

Abraham and the other three happily agreed without haggling.

On behalf of ATIC's legal person, Sun Jian came to San Diego, USA, to sign a formal agreement for ATIC's investment in c., and obtained the 40% equity document.

TIC invested US$28 million to acquire 30% of the equity of ASML and 40% of Cymer. This is the advantage of a reborn person!