Re-register changes in equity, shareholders and legal persons.
ATIC settled in GCA headquarters, and Yu Jianguo led the equity investment team to take over GCA's assets and employees with the cooperation of General Signal Company and GCA related personnel.
In July 1993, eight years after the rebirth, the rebirth took control of GCA, an American high-tech company listed on NASDAQ.
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Blue sky, white clouds, cool breeze.
Sun Jian was sitting in the chairman's office, looking out the window at the three-story buildings standing among the trees, lost in thought.
GCA is known as the pioneer in the production of semiconductor equipment for lithography machines. In 1961, it was the first company to manufacture commercial stepper and repetitive mask reduction equipment. It has strong technical strength and occupied 60% of the lithography machine market in the 1960s and 1970s. % market share, and in 1985 successfully developed the first DUV stepper projection lithography machine developed for Bell Labs.
GCA ranks first in the industry in photolithography machine light sources, second in the industry in photoresist, and first in the industry in patented technology. However, it currently lags behind Nikon Semiconductor Equipment Company in high-resolution optical systems (lens and reflection technology). The process technology is one generation behind Nikon, and its market share is only one-fourth of Nikon's. It has lost the high-end market. The company has relied on its laurels and suffered continuous losses. It has managed to avoid bankruptcy by producing mid-range lithography machines, laying off employees and collecting patent fees, and has lost its talent. serious.
Investment in high-end lithography machine research has stalled, and company employees are panicking and full of expectations for ATIC to take charge of company affairs.
In the United States, the annual salary of a lithography machine engineer is as high as US$40,000, and the annual salary of ordinary employees is more than US$10,000.
Today, 40,000 US dollars is equivalent to more than 310,000 yuan (H market price).
Last year, the average monthly salary in Jiangcheng was 238 yuan, and the average annual salary was 2,856 yuan.
The monthly salary of ordinary employees of Taobao Holdings is 300 yuan, and Yan Yuanchao's monthly salary is 1,200 yuan.
The cost of hiring an American lithography machine engineer is equivalent to hiring 21 Dean Yan!
U.S. lithography machine companies cannot earn monopoly profits in the lithography machine market. Due to the limited capacity of the lithography machine market today, under the pressure of Japanese lithography machine companies such as Nikon and Hitachi, U.S. companies such as GCA, SVG, P&E, and Ultratech have No lithography machine company will be able to escape the fate of being acquired by ASML in the future!
In the past life, ASML suddenly emerged and grew into the overlord of lithography machines.
If the dilemma of technological backwardness is not changed, ATIC’s huge investment will be lost!
Among the GCA assets acquired, in addition to 1,145 acres of land, Sun Jian is most optimistic about GCA's 473 company invention patents related to photolithography machines and photoresist technologies, as well as the remaining 1,000 A team of 27 photolithography and semiconductor talents.
At its peak in the early 1980s, GCA had more than 3,300 employees and covered an area of more than 1,500 acres. It was known as the world's largest and most advanced equipment company for the entire photolithography and semiconductor industry chain, starting from silicon wafer manufacturing. It can produce the six major chip production equipment technologies and materials, including heat treatment, etching machine, ion implanter, photolithography machine and photoresist. Its market share in the global photolithography machine is as high as 70%. The photolithography machine light source, photoresist, etc. The engraving machine optical system, photolithography machine workbench system and photoresist are all leading in the industry.
The GCA Lithography Machine Semiconductor Research Institute consists of the Lithography Machine Light Source Research Institute, the Silicon Wafer Research Institute, the Photoresist Research Institute, the Photolithography Machine Optical Precision Equipment Research Institute, the Etching Machine Research Institute, and the Photolithography Machine Heat Treatment Research Institute. Mask Research Institute, Ion Implantation Machine Research Institute and Lithography Machine Semiconductor Information Department, the company's number and importance of invention patents rank first in the global lithography machine industry.
Since the lenses and mirror systems produced by Zeiss cannot meet the continuous development needs of the optical system of lithography machines, GCA has been snatched away by Nikon, which has continuously improved its optical system. It has lost important high-end customers in the United States, such as IBM, II, AMD and HP. American semiconductor companies have given up on American interests in the face of corporate interests, and have turned around and fallen into the arms of Nikon.
Due to the reduction in business, the company has been losing money for many years, the company has laid off employees, and personnel have been lost. In order to save capital investment, the optical system of Zeiss was adopted. The Institute of Optical Precision Equipment of Lithography Machines was merged into the Institute of Light Sources of Lithography Machines, and the Institute of Mask Plate was merged. The Photoresist Research Institute and the Photolithography Machine Heat Treatment Research Institute were merged into the Ion Implantation Machine Research Institute, and the number of R&D personnel was reduced from 1,254 to 753.
GCA has 1,145 acres of land, more than 50,000 square meters of research institute buildings and semiconductor equipment R&D and production of machinery, equipment and materials with a market value of more than 60 million US dollars. It can produce 8-inch wafers and 800nm process technology. Photolithography machines, but now Nikon Semiconductor Equipment Company is able to produce lithography machines with 8-inch wafers and 500nm process technology, occupying a leading position in the industry and monopolizing the high-end lithography machine market.
GCA can only produce and sell about ten mid-range lithography machines each year, with a market share of less than 10%. It pays employees more than 45 million US dollars in salary every year and suffers annual losses of more than 25 million US dollars.
General Signal treats GCA, which holds 47% of the shares, as a burden!
GCA's cash flow is only over US$3 million, which is stretched thin. Due to lack of capital investment, the research and development of high-end lithography machines is at a standstill.
General Signal is not a fool. If it lays off its more than 1,000 remaining employees and closes GCA, it will cost more than $25 million in severance pay, and holding 47% of GCA stocks is worthless!
If Sun Jian wants to make a lot of money by investing in GCA, he might as well invest the 80 million US dollars in GCA to buy stocks of network technology companies such as Cisco, AOL, Yahoo, and Microsoft. Don't worry or be anxious. In about five years, he will make a profit in a wave of 20. The big market trend of Internet technology stocks is about 2 times!
ATIC's acquisition of GCA, which was on the verge of bankruptcy, did not attract undue attention from the U.S. Congress. The San Jose municipal government actively participated in the reorganization of GCA. Mayor Brown met with Sun Jian and his party, awarded Sun Jian and the city of San Jose the title of honorary citizen, and supported ATIC's investment in GCA. , tax relief for two years, hoping to revitalize GCA and increase local employment and tax revenue.
Sun Jian, the legal person and president of ATIC, serves as the legal person and chairman of GCA. Yu Jianguo, general manager of ATIC, serves as the president of GCA. Adrian, the former deputy general manager of GCA and a doctor of management, serves as the general manager of GCA. Brody, a doctor of sales, serves as the deputy general manager of GCA. Adonis, who has a doctorate in human resources management, serves as the director of the personnel department, and Allen, who has a doctorate in accounting, serves as the director of the finance department.
Thompson, an academician of the National Academy of Sciences and a Ph.D. in physics, serves as the dean of the GCA Lithography Machine Semiconductor Research Institute and the director of the Lithography Machine Light Source Research Institute. Eric, a Ph.D. in semiconductors, serves as the vice president of the research institute and the director of the Silicon Wafer Research Institute. He has a Ph.D. in Optics. Miller serves as the director of the Optical Precision Equipment Research Institute, Angus, a doctor of materials science, serves as the director of the photoresist research institute, Davis, a doctor of semiconductors, serves as the director of the etching machine research institute, and Dr. Rodriguez, a doctor of chemistry, serves as the director of ion implantation. Brosnan, who has a doctorate in computer science at the Institute of Computer Science, serves as the director of the Semiconductor Information Department of the lithography machine.
Although GCA has laid off nearly 70% of its employees, a starving camel is bigger than a horse. Among the 1,027 employees left, 358 have doctorates, 193 have masters, and 476 are mid-level and senior technicians.
Logistics such as catering, security, transportation, cleaning and landscaping are all outsourced.
