1. China Microelectronics 2017 Annual Report Net profit up 134%, MOS products have entered the DELL;
Set micro-grid news, China Microelectronics recently disclosed 2017 annual report, the company revenue in 2017 was 1.635 billion yuan, an increase of 17%; net profit of 94.45 million yuan, an increase of 133.52%; earnings per share of 0.13 yuan. During the reporting period, Hua Microelectronics accelerated the construction of process platform and continued to promote the construction of five technology platforms including super-junction MOS, SGTMOS, IGBT, thyristor and Trench SBD etc. The high-end power devices such as FS-Trench IGBT and FRD produced by Hua Microelectronics Co., , Frequency conversion home appliances, charging pile and other fields have achieved mass sales; the company developed in line with the military market requirements of the radiation resistant MOSFET products, product performance indicators have passed customer certification; continue to optimize high-voltage MOS, SBD product performance indicators, has successfully entered DELL, DIODES and other major customer systems.
2 through the rich micro-stone informed: mature successor is also advanced productivity;
Original Title: Asking Entrepreneurs | Shiming Ming: Mature Successors are also Advanced Productive Forces In recent years, there have been a few high-frequency Chinese hot words, overseas mergers and acquisitions, second-generation succession and industrial policies that are closely linked with the competitiveness of enterprises , Of which the highest temperature overseas mergers and acquisitions, but China's mergers and acquisitions are often synonymous with high premiums, mergers and acquisitions more affordable and less copied in the end less, but there are exceptions to the early mergers and acquisitions.
In the field of microprocessors, Intel is the global dominance of doing my part, AMD is almost its only rival.But AMD has been in a bad situation, after several years of ups and downs, AMD finally ushered in the outbreak in 2017, the company shares from the bottom of October 2015 At $ 1.60 and soared to $ 14.3 on October 13, 2017. It is interesting to note that when AMD was in the trough, it had a merger with Chinese companies and on October 16, 2015, when its share price was historically large At the bottom of $ 1.6, Qualcomm (002156) issued a notice announcing that 85% of each of the packaged test companies in AMD Suzhou and AMD Penang (Indonesia) were acquired.
With the recovery of AMD's performance, now look back at this year's acquisition, is a rare window opportunity.Now AMD has about 90% of the products are produced in these two packaging plant .Tong Weixin chairman Shi Mingda surging news Later, AMD people told me that if we put it now, we will not sell it.
Through the acquisition of AMD, Tongfushuipo sales revenue increased by 70% in the global industry rankings jumped from the 14th to the world's No. 8. Product quality has also been significantly improved, high-density packaging, packaging testing of new products increased To 70% -80% of the total revenue.Shi Mingda said that through this acquisition, for China in the future to create its own CPU and server ready package testing technology and platform.
In the M & A, the ICIC investment fund has helped a lot and has demonstrated its professionalism in interbank coordination and financial investment, etc. At the beginning of the M & A, the National Funds coordinated several Chinese IC packaging and testing companies that are interested in acquiring AMD, There have been several Chinese companies did not appear as an overseas bidding competing situation.Then the fund for Tongfang Microelectronics provided more than half of M & A funds, mergers and acquisitions completed, M & A dividend began to release, the financial investment into equity investment will be Capital into future growth potential.
As a private technology enterprise, Tongfu Microelectronics also completed the succession problems of the first generation in China in recent years. After ten years of training, Shi Lei, son of Shi Mingda, gradually stepped into the forefront and became the general manager of the company.
Through the rich Shi Weida chairman Shi Mingda
On the hot topic, in the near future held at the 2017 annual meeting of China's integrated circuit manufacturing, surging news interview with Tong Weifu chairman Shi Mingda. The following is an interview with Record:
Surging news: in the general impression that the CPU is the top of the industry chain things, that these companies AMD from China made a long way, how do you have the courage to acquire AMD's assets, is how to win the assets of AMD?
Shi Mingda: AMD before us on the mergers and acquisitions to find us, the Chinese government and large funds (National Integrated Circuit Industry Investment Fund) also proposed that we go mergers and acquisitions, and we are also more interested in AMD. We have experience in foreign cooperation, we Cooperation with Japanese companies for nearly 20 years, a very happy cooperation, our business is also developing rapidly, the rules follow relatively well; AMD to the factory after the inspection, the management of our technology more satisfied with the exchange The two sides have more common language, they recognized our heritage, they had many choices, and finally chose us.
In the initial stage of project start-up, large funds coordinated domestic counterparts and avoided unreasonable competition among domestic counterparts.In the acquisition, large funds have given large financial support.The total amount of mergers and acquisitions $ 370 million, the big fund out of which 270 million US dollars, and we form a two-tier body, let us control.Large fund expenditures of 270 million US dollars, we buy assets by issuing shares to replace it, the stock to pay big funds The acquisition of AMD We did not generate too much financial burden, so after the acquisition can light.
After the acquisition of our business a lot of help, AMD promised us that the first three years after the merger, the annual profit of not less than 20 million US dollars, which is the end of the figure by acquiring AMD, our sales revenue increased by about percentage Seventy and eighty, the company achieved large-scale growth.Prior to the magazine we ranked 14th in the world rankings, but in the last year our ranking is the world's 8th.
From a technical point of view, AMD packaging test world-class level and its chip technology and Intel's almost, the world's top level.This technology platform has twenty or twenty years of history, is mature technology platform for high-tech products. Great, rich experience to build such a platform, at least 3-5 years, but through the acquisition can immediately have this platform, after the acquisition there is a very good response from customers, in addition to AMD, we also serve Other partners, they are willing to use this platform.More importantly, this platform can be prepared for the future of China's CPU, server packaging test.China-made CPU and server in the future will be mass-produced, there will be explosive growth, we Ready for this.Now high-grade packaging products have significantly improved the proportion of the current high-density packaging, new products, packaging and testing of the total revenue of 70% -80% .This ratio in the global packaging plant can be considered very high.
Surging News: Why AMD will sell it?
Stone informed: AMD was a financial problem at that time, our acquisition to solve the financial difficulties of AMD, they use the money to develop new products, and now reversed the market, AMD recently told me that if it is put on hold Will not be sold.
Surging News: Now AMD's graphics chip market is very good for your business to help a lot.
Shi Mingda: Yes, after the completion of our acquisition, the personnel team transferred from AMD has all been stable and the market is not lost. Before the merger, AMD already had many products to be put into the two packaging factories to produce. Now AMD has about 90 % Of the products in the two packaging plant production now AMD production and sales of better chips.It is our largest customer.Amount AMD to allow us to raise the level of technology, the scale has increased, adding a mature platform for high-end packaging We can use this platform to engage in some high-end packaging, to expand the high-end market.
Surging news: In this acquisition, the participation of large funds is very market-oriented, then you want it to cooperate with you in what form, hope it quit?
Stone informed: large fund to assist us in the acquisition of AMD, done a lot of work .We talk with AMD, cooperation has many problems to be solved, we asked the big fund to do some work, it played a very positive role .We are right Big Fund is very grateful, we use the issue of shares to buy the project it holds the assets, the investment into its stock, it became our third-largest shareholder.Let major state fund to do more important shareholders, For our company is also very good support.China launched a large fund for the development of China's integrated circuit industry has great benefits, if we go to bank loans, the loan rate is not so fast, the cost is higher.While the big fund loan quickly, The application is very convenient. The emergence of large funds reflects the state's attention to integrated circuits, so that all people realize that this is the state's key support industries, led to social funds to the integrated circuit aggregation .So as a result of large funds, integrated circuit industry Funding is much more abundant than before and the sources are diverse.
Surging news: You and many international manufacturers to join some of the top supply chain system, which you have harvested?
Shi Mingda: Our cooperation with high-end customers, the beginning is more painful, but precisely because of our progress so fast, they demand high, strict requirements, forcing the company all-round level in their high requirements of our technology, management, Scale and other aspects of all-round improvement may not be able to meet the requirements of customers at the beginning, but with a clear goal to know the direction of development, they will tell us the experience, we try to digest and innovate, we almost cooperate with Infineon For 20 years, the cooperation is very happy. In 2015 and 2016, Infineon awarded us the Best Supplier Award, which is evaluated within the global packaging industry.
Surging news: capital markets are now very much concerned about Tesla concept unit, you are also attributed to this category, this is the concept or really car-related high-tech?
Shi Mingda: The so-called Tesla concept, in fact, refers to the automotive electronics. Our company engaged in automotive electronics for a long time to do automotive electronics has more than 15 years of history in the mainland IC packaging industry, to do our history of automotive electronics The oldest. We have many types of packaging business services in automotive electronics, including Tesla, one of the packaged products in the Tesla procurement of automotive electronics accounted for relatively large. We do the basic use of automotive electronics For high-end products, such as a package made to Infineon, Toyota is supplied.
Surging news: But some people think package testing threshold is relatively low, how do you think?
Stone informed: the threshold of the package test is not low, at present not without billions of funds will not be able to enter the industry, because it can not scale, but now the semiconductor packaging and testing of the technical requirements are high, the need for continuous introduction of new technologies. Want to do a good job of products, strong, make scale, made world-class is not easy. These factors should be balanced, in the balance of scale and technology, we pay more attention to technical level; bigger and stronger Balance, we pay more attention to stronger because only good technology can be stronger and stronger companies will be more long-term. I would like to special thanks to the major national projects, especially the 02 special, to Fujitsu Microelectronics provided a very good We got some major national projects, the company has also invested a lot of money to undertake these projects.
In nearly 10 years, our technical level has obviously lagged behind the world advanced level, and now it basically keeps pace with the world, especially in the field of large-scale production. We are very satisfied with the latest packaging technology Constantly tracking, will continue to develop as required, continuous innovation, Taiwan counterparts to enhance the level of packaging and testing in mainland China, is commendable now the situation in China's integrated circuits so good, the state so much attention, coupled with the Chinese so smart, the team With such efforts, there is no reason not to create something better.
Surging news: Now the slowdown in mobile phones, many companies are looking for new growth points, such as big data, cloud computing, artificial intelligence, etc., what is your next new layout?
Stone Mingda: There are many aspects of the layout. We are involved in the field is still very broad, in addition to cell phones, as well as big data, cloud computing, the most important is the CPU, server package, we have long been laid out. , We are also doing.And you just said driverless, automotive electronics will do.
Surging news: the main package or do it?
Shi Mingda: Yes, the main package testing. In this field of packaging and testing, we continue to do bigger, stronger and thinner. With Tong Fu Microelectronics this platform to do some extension of the industrial chain, including equipment, materials and so on.
Surging news: Europe and the United States now blocked the mergers and acquisitions very powerful, how to mergers and acquisitions in the future?
Shi Mingda: mergers and acquisitions must first have a clear understanding of the subject, why mergers and acquisitions after the business What are the benefits »In this regard we must want to understand.Second, if decided, to organize a strong team, we must business, law, Third, after M & A to strengthen management, how to make M & A platform for the full play a role for enterprise development, the formation of synergies, in addition to let the merger of enterprises play a synergistic role, you can also use the M & A platform and other businesses Interaction, add, then the significance of mergers and acquisitions may be greater.
Surging news: If the merger fails, what other ways to get help from overseas?
Shi Mingda: I think cooperation and joint ventures, the introduction of talent is also a good idea. I would like to make a point of view, if the European and American governments on the Chinese IC 'care' is more, indicating that now China's IC development is better, causing them Then we should do better and work harder along the way.We can not compare ourselves with Intel and Samsung nowadays, people have a long history and huge body mass, and we are not as big in China Companies. Each country has a different history of development, we are born from a planned economy to a market economy, there are so many businesses, and now there are constantly innovative business. So the pattern and people are not exactly the same, we do not necessarily follow the Other people's way of doing it. The government helps and strengthens, good supports, more and less does not matter, almost does not support, then it will come out of its own way .We now have government support, relying on the wisdom of the Chinese people, Sure to get out of the way, so we have to choose their own development path, and finally China's IC industry will be more powerful and I think this road is It is not necessary to copy some foreign practices.
Surging news: But now there are dynamic companies in the market, mostly private enterprises like yours.
Shi Mingda: Yes, in our business, private enterprises may still play an important role because private enterprises, after all, the mechanism is more alive, we make a quick decision, not too many rules and regulations. In compliance with the laws and regulations of the country's prerequisite , To maximize the interests of the company, to maximize the benefits of the company is correct, in order to maximize the interests of the company, we must deal with the company and employees, shareholders, customers, suppliers of various relationships, there is no Other considerations: I've been in the semiconductor industry for almost 50 years in my life, and now that we've caught up with a good era for the development of the industry, we have never had such a hope for the industry as we are today; we are full of confidence in the future of the company.
Surging News: There are not many examples of successes in the generational and second-generation inheritance, especially the inheritance of high-tech enterprises such as yours. How do you solve this problem?
Shi Mingda: We are a feature of Tongfang Microelectronics Co., Ltd. The problem of Tongfang Microelectronics inheritance has been solved very well, which is a difficult issue for many high-tech enterprises. We explored earlier and 10 years We have already started to do this work before .Through 10 years of training, exercise, run-in, and now General Manager (Shi Lei) is more mature, we give wide recognition .Our heritage is relatively smooth, there are many unsuccessful cases outside, Some do not want to inherit, some are willing to inherit but can not do it, did not put in place after the level, the company refused to accept .We do not have these problems.
Surging news: What is your heritage of this process?
Shi Mingda: (Shi Lei) first in the Huada company to do the general manager, to exercise later went to the listed company, involving many aspects of the industry, but also includes management, technology and other aspects, through a number of areas of exercise, And finally to adapt to the current work.Young young people have obvious advantages, as general manager, president is very hard work, can not wait 365 days 24 hours a day.Many important thing to hurry to deal with.This is a natural phenomenon, people are old Experience is rich, but less energetic, and in some ways, I can help him, such as research policy, risk management, employee motivation, direction of development, some of which are still useful.
Surging news: In historical experience, whether it is a dynasty or a company, it is possible that the founders are the most powerful ones, and heirs are hard to surpass the founders. Do you have any such worries?
Shi Mingda: No. I believe it will be out of blue and outdo the blue, standing on the shoulders of giants more easily, I can not talk about the giant, but my shoulder will certainly give him a relatively high starting point. Deep experience, and his momentum is not small, a lot of ways, the dedication and enthusiasm for the cause is absolutely no less than me.
Surging news: the recent big project, you get more ideas or more ideas he took, who is clapping?
Shi Mingda: We work together, but most things, or he first put forward, we study together, and then the last step .His wide field of vision, faster thinking .He walked more outside, know more. He is capable of leading the business.
Surging news: There are a lot of you, such as a generation, has not yet solved the problem of inheritance, give them what advice?
Shi Mingda: The successor to the issue should be paid attention to. As early as possible to think about these issues, which the company's long-term development must be beneficial. We have started more than 10 years ago. So now we think the successor is very mature After all, there is such a long time temper, will certainly be mature. Surging news
3. Long Technology completed the merger of Shin-sung Electronics;
Set micro-grid news, long electric technology recently announced that February 8, Jiangyin Xinsheng Electronics Co., Ltd. (hereinafter referred to as 'Xin Sheng Electronics') received Jiangyin Administrative Approval Bureau issued a "notice of cancellation of registration" Since then, Cheung Kong has completed the absorption and consolidation of Sing Cheng Electronics Co., Ltd. Xin Cheng Electronics has been focusing on the development and production of camera modules and has completed the quality system, R & D capability, production equipment, Production technology and manufacturing capabilities, has won the favor of international mobile phone brand customers. The merger is conducive to the acquisition of long power technology to reduce operating and management costs, optimize the management structure and improve operational efficiency, is conducive to the optimal allocation of production resources, in line with the development of science and technology Strategy, will have a positive impact on the development of long-term technology.
4. Leader Optoelectronics to be 500 million acquisition of optics, into the field of optical military products;
Set micro-grid news, suspended for several months Leader Optoelectronics disclosed a merger and reorganization plan recently, the company intends to issue shares to buy weapons and equipment group held in Henan Optical Group Co., Ltd. (referred to as 'Optics') 100% stake in the provisional price For 503 million at the same time intended to not more than 10 specific objects of non-public offering of shares to raise matching funds does not exceed 351 million .Large, prior to planning a major reorganization, Leader Optoelectronics shares last September 8 suspension.
According to the disclosure, after preliminary assessment, the estimated value of 100% equity of Zhongguang Optics is RMB 503,076,400, but as of the signing date of this plan, the assessment of the underlying assets has not yet been completed.
Optical focus on optical and optoelectronic systems integration technology development, with all kinds of optical system solutions and core product design and development and manufacturing capabilities, products include optical defense products and photoelectric civilian products, with civilian business and weapons research and production licenses Engaged in the military business-related qualifications.
Leader Optoelectronics said that through the transaction, the company will quickly enter the field of downstream optoelectronic and military fields, significantly reduce R & D costs, shorten the time for the company to apply for military qualifications.
Upon the completion of this transaction, China Optics will become a wholly-owned subsidiary of the listed company. The scale of assets and business scope of the Company will be expanded. As a result of the synergies brought by the consolidation, the profitability and core competitiveness of the Company will be enhanced.
5. Nasdaq: China's first mass production of radiation protection chips;
Recently, Nasdaq Vice President Zhang Jianzhou said on the interactive platform that Nasdaq and the Chinese Academy of Sciences successfully developed and mass-produced China's first series of radiation-resistant chips, the Phase Change Memory (PCRAM). The product is at the leading international level and has filled the gaps in the domestic industry, providing a solid material foundation for the replacement design of China's military and aerospace products.