"Once the global semiconductor industry falls into recession, the lithography machine industry will also be inevitable. What instructions does the chairman have?"
Adrian didn't panic, knowing that Sun Jian already had a response strategy, so he asked humbly.
In addition to keeping track of the company's financial situation, Chairman Sun usually doesn't care about the company's personnel arrangements, production and sales.
GcA now has more than 2.1 billion US dollars in cash flow on its account. Once the semiconductor production lines of Intel, Ib, It, Ad, and HP's 90n process technology are all put into production, the company will have more than 5 billion US dollars in cash flow on its account, and can calmly In response to the decline of the semiconductor industry in about two years.
The company's executives plan to acquire SVG, which has a market value of only $10, for $1 billion to dominate the U.S. lithography machine market.
SVG is at the forefront of the industry in researching 157n optical technology and has mastered the catadioptric lens technology required for the new generation of 157n lasers.
GcA plans to walk on two legs, and is worried that research on EUV will take too long. Nikon is the first to successfully develop a 157n laser, breaking through the world-wide problem of 193n wavelength, and is the first to successfully develop a lithography machine with a 65n process technology.
Chairman Sun neither objected nor expressed support.
"I suggest that, first, the company's sales department actively develops sales business, especially to promote 90n process lithography machines to TSMC and Samsung Electronics Wafer Company to win new orders; second, the company stops external investment and acquisitions; Third, the R&D department will continue R&D and R&D funds cannot be reduced; fourth, the production department will stop production except to complete order business."
Without thinking, Sun Jian guided the company in the general direction of coping with the recession.
Adrian understands that Chairman Sun has made it clear that he will not acquire SVG for the time being. Chairman Sun must have his reasons, but there are directors from Intel and Ib present, so it is inconvenient to explain clearly.
"Chairman, the annual production tasks set at the beginning of the year cannot be completed? How to arrange a large number of employees?"
o Brody and other senior executives quickly recorded in the notebook, and were surprised when they heard the fourth point. This year's production tasks have not been completed, sales and profits will be significantly reduced, shareholders voted with their feet, the company's stock price fell, and the market value was reduced.
"Mr. Brody, the company will stop production if there are no orders. Adrian will announce on behalf of the company that in addition to enjoying paid leave, during the shutdown period, the management and ordinary employees of the production department will Cut your salary by 50%, go home and rest, and let everyone tide over the difficulties together; I will then explain the reasons for stopping production to all shareholders on behalf of the company at the year-end shareholders’ meeting?”
"Okay, Chairman!"
"Okay, Chairman!"
The United States implements a free dismissal system. The U.S. labor and employment law not only gives workers the right to resign freely, but also gives employers the right to fire freely.
Arbitrary dismissal is the basic form of the employment relationship. Unless otherwise agreed between the employer and the employee, both parties can terminate the employment relationship at will at any time.
The protection for unemployed employees in the United States does not lie in the company's compensation, but in the unemployment benefits provided by the government.
When the industry is in a recession, GcA's management and ordinary employees can take 50% of their salary to rest at home, which is a huge blessing.
As the economies of China and Southeast Asian countries and regions quickly recovered from the impact of the Asian financial crisis in 1998, they entered a booming development track in 1999; in 1999, European and American countries, especially the United States, also benefited from the rapid development of the Internet economy, and the market The demand for network equipment such as computers, program-controlled switches, servers, routers, etc. is growing rapidly. Chip manufacturers purchase advanced lithography machines and semiconductor equipment and operate at full capacity, producing day and night to meet market demand. The lithography machine and semiconductor industries are booming. , but as the Nasdaq Internet technology stock bubble burst, demand decreased, products were backlogged, and the market went from prosperity to recession...
It is inevitable that the lithography machine industry and the semiconductor industry will fall into recession. This is the law of market economy and does not depend on human will.
The bursting of the Nasdaq network technology stock bubble was the trigger, and the world-class problem encountered by the lithography machine industry at 193n wavelength was only one of the triggers.
Experts from the Ministry of Information Industry predict that domestic computer sales will reach 8.5 million units in 2000, an increase of 31% from 6.5 million units in 1999; domestic mobile phone sales will reach 35 million units, an increase of 35% from 22.75 million units in 1999. %......
Relying on the strong production capacity and sales volume of Guozhi Semiconductor Group and Sugon Communication Group, Sun Jian is not worried that the newly ordered 180n process semiconductor production line will fall into losses.
Intel, Otorola and IT in the EUVLLc alliance are also shareholders of SVG (Silicon Valley Group), another American lithography machine company. Now they are not competitors at the same level as GcA and are excluded from the EUVLLc alliance. SVG is the same as Nikon, ASL and Canon. Bet on the 157nF2 laser route as well.
In the early 1980s, American lithography companies such as GcA, Ultratech, bilt, and Perkin-Eler (p&E) occupied 90% of the global lithography market share, and GcA alone accounted for 60% of the global market share; by the mid-1980s, It provided lenses to GcA, but was later abandoned by GcA. Nikon, which grew up by copying GcA lithography machines and self-developed, has become equal to GcA, each accounting for 30% of the market share; Ultratech accounts for about 10%, and Canon, Eaton, p&E, Hitachi and other remaining companies The next few companies each had less than 5%, and ASL had not yet been established at that time.
In 1981, Bilt was acquired by Applied Materials, and the Bilt division was disbanded a year later.
In the 1990s, American lithography companies such as GcA, Ultratech and SVG only had 10% of the market share, of which GcA and Ultratech accounted for 4-5%, and SVG accounted for 1%.
GcA lost US$100 million during 1985 and 1986 and was forced to lay off 70% of its staff, with only 1,000 people; in 1988, GeneralSignal acquired GcA, which was in financial trouble, for US$76 million. Subsequently, Seatech funded GcA to develop the KrF stepper. In January 1993, GeneralSignal announced its intention to spin off its semiconductor equipment company. In May 1993, GeneralSignal planned to close GcA because it failed to find a suitable buyer, and Yu Jianguo came to visit on behalf of AtIc...
GcA was reborn from the ashes.
In 1988, Silicon Valley Group (SVG), under the leadership of newly appointed CEO Papkender Torossian, expanded the company's business into the field of lithography. SVG tried to acquire GcA from General Signal, but SVG was unable to come up with 6800. Ten thousand US dollars in cash, willing to use stocks instead, the transaction failed. However, SVG successfully obtained the next-generation stepping scanning system icascan jointly developed by p&E and Ib. In April 1989, p&E announced its withdrawal from the semiconductor equipment business; SVG in 1990 It also acquired p&E's lithography business for US$20 million.
In 1998, Ultratech was finally leveraged by management and exited the lithography machine manufacturing market, becoming a provider of advanced microelectronics process development and manufacturing solutions. Its products include laser homogenization systems, oxide chemical vapor deposition systems, etc. Advanced process equipment is widely used in integrated circuits, storage device manufacturing and other fields.
The global lithography machine market only has about 500 units a year. The market competition is fierce and the fittest survive. Today there are only 5 companies left in the world. The United States has GcA and SVG, Japan has Nikon and Canon, the Netherlands has ASL, and China has bSEc.
