Chapter 107 Opening the Window

Lin Yao did not do this on impulse.

The main reason she brought this up was for Lin Xi.

Real estate is something that will explode sooner or later. Even if there is no financial deleveraging this time, there will be something else next.

It would be fine if Linmu Financial Holdings was smaller or more stable.

But Lin Yao knew that Linmu Financial Holdings was extremely barbaric in its expansion, with an absurdly high debt ratio. It was completely a scam. First, it asked the bank for a loan to acquire land, built houses and sold them, recovered some costs, used part of it to repay bank debts, and invested part of it in the development of the next project.

The projects under construction were used as collateral to the bank, and loans were used to acquire land.

Crazy acquisition of land, sale of houses, acquisition of land, and sale of houses.

With such a barbaric expansion method, even if the housing prices rise again, the profit is far less than the speed of expansion, and the high interest is enough to crush Linmu Financial Holdings.

Lin Yao also learned that after her unreliable father passed away, Lin Xi took over Linmu Financial Holdings and has been selling off the assets of Linmu Financial Holdings, trying his best to reduce the load factor.

But unfortunately, Linmu Financial Holdings' previous expansion was too barbaric, and the debt ratio was too high. It is difficult to reduce the debt ratio by such means.

Now Linmu Financial Holdings' capital chain is already in jeopardy. Once the capital chain is broken or the knife falls, the operating crisis will come.

Insolvent.

In the end, it will either be acquired or go bankrupt.

Lin Xi certainly does not want to see this situation.

Lin Yao is also unwilling. After all, no matter what, Linmu Financial Holdings was created by her unreliable father.

Selling off the industry now is not a long-term solution. If the debt ratio cannot be reduced, then we can only find another way.

Industrial transformation is inevitable.

Whether you are in the health industry or the automotive industry.

Of course.

Superficial transformation will definitely not work. If you want to tell the government about superficial transformation and then fool the government to continue to acquire land, you may die faster.

It is not too late to transform now.

In Lin Yao's world, domestic real estate has not yet reached the point where it is difficult to transform in the later stage. At least there is still a chance, which is better than starving to death and closing down one day.

As for what to transform.

Lin Yao thinks it is best to turn to the high-tech industries that the country supports.

Now the whole world is obviously moving towards the direction of Lin Yao's future.

She has been following the news for a long time. Whether it is the rise of the game industry or the news of the next generation of communication technology, it seems to indicate that the haze of past wars has completely passed, and the era of entertainment to death is about to come.

Then the most important thing in the next era should be chips.

Why are graphics cards here always used in professional fields? The main reason is that the initial demand for chip manufacturing and design comes from national defense security. Therefore, the two poles of the world have never opened up the large-scale integrated circuit manufacturing industry to private capital.

They are all state-owned. It was not

until the haze dissipated that this thing was opened to private capital.

But at the beginning, most private capital was very cautious about semiconductor component products, chips, etc. Because they were always watched, it led to the rapid development of professional graphics cards and the extremely unbalanced development of software and hardware.

It was not until these few years that this aspect was gradually opened up that there was a change.

At the same time.

Because the equipment and technology for chip manufacturing here were still in the hands of the government a few years ago, there is no giant crocodile in this world that has developed to the point of despair.

Lin Yao thinks that the chip manufacturing industry is actually quite promising. She also experienced chip shortages in her previous life.

Moreover...if the world line develops similarly.

After the haze of war has passed.

Games are developing rapidly, and new communication technologies are coming.

The two poles of this world may usher in a new war without gunpowder smoke. At that time, the domestic industry should focus on the development of the semiconductor industry, and the support will be very strong.

Entering the semiconductor industry now can still seize the initiative.

Of course.

Chip design is more promising.

But this is not the field that Lin Yao can get involved in now. Chip manufacturing is because of the open technology in recent years, and the demand in the civilian field is not high, so there are no giants.

But design is not. Professional graphics cards can reach this point, not out of thin air, so she has not thought about it for the time being.

However, it is said to be promising...

but large-scale integrated circuit manufacturing is a capital-intensive, technology-intensive, and labor-intensive industry.

To put it bluntly, it is actually similar to an electronics factory.

In Lin Yao's previous life, this industry was almost monopolized by giants such as TSMC and Sun, Moon, and Star.

Other private capital may not even get a share of the soup. There are no such giants here, but the risk of building a production line by yourself is very high, the initial investment is also very large, the labor cost is not low, but the profit margin is not as high as that of industries such as real estate, coal mining and oil refining, and it can't even catch up with the fraction.

And most importantly, to be honest, the cost of a 14nm production line for chip manufacturing is too high for Linmu Financial Holdings to bear... because it is too expensive.

Lin Yao plans to let Linmu Financial Holdings transform into a graphics card foundry first, taking advantage of the favorable wind of games to see if it can be done, and then on this basis, taking advantage of the open import environment, explore the establishment of a chip manufacturing production line, and then see if there is any support from above to continue the transformation.

Although it sounds a bit far-fetched for a board maker to suddenly say that he wants to make chips...

but it's right to be far-fetched.

It's the window theory.

Besides.

Lin Yao actually had the mentality of giving it a try.

"Chip foundry? Does your studio have a semiconductor company?"

Zhang Jianghu heard Lin Yao's words, and after a few seconds of stunned, he reacted and asked.

"Not yet, just planning to test the waters."

Lin Yao shook her head and said frankly: "Linmu Financial Holdings, the capital behind Linmu Studio, wants to transform its industry recently."

"This..."

Zhang Jianghu was a little amused: "Impossible, Mr. Lin, your request is simply a fantasy. We can't do anything."

"...Is that so."

Lin Yao nodded and continued: "Then Mr. Zhang, is it possible for us to become your authorized graphics card manufacturer?"

"Authorized graphics card manufacturer?"

Zhang Jianghu was a little surprised when he heard this.

The graphics card chip companies here are not the N card or A card models of later generations, but a model similar to 3dfx, which is also the one that made Voodoo graphics cards.

They not only have the ability to design and produce chips, but also can produce graphics cards themselves.

This is why Lin Yao told Zhang Jianghu that she wanted to manufacture chips, because they have their own factories and can still provide technical support.

"This is it..."

Lin Yao briefly explained the AIC model of Nvidia in later generations.

Simply put, it is a business model that sells finished chips to authorized graphics card manufacturers and processes them into finished graphics cards.

After listening, Zhang Jianghu was slightly startled, and then looked at Lin Yao.

Lin Yao didn't have any extra expression, she was still smiling.

"Mr. Lin, do you want to be a channel manufacturer?" Zhang Jianghu asked.

The so-called channel manufacturer refers to a manufacturer that does not have its own factory and does not produce products. It makes products for others and then puts its own brand on them.

The previous Colorful was a channel manufacturer.

Asus and MSI are all self-produced, and a small part may be completed by OEM.

"No, self-produced." Lin Yao shook her head.

"Then I'm sorry I can't do anything."

Zhang Jianghu also shook his head and rejected Lin Yao.

(End of this chapter)