Wujiang Microelectronics has a total share capital of 40 billion shares, with an issue price of 100 RMB per share and a valuation of 4 trillion RMB.
Zhao Ye has put 4 billion shares, or 10% of the company's shares, into the stock market this time.
Although it appears to be only a 10% stake, in reality, several state-owned enterprises had already acquired approximately 15% of the shares before the IPO. Additionally, several large international investment institutions also purchased about 15% of the shares at high prices.
In addition, all employees of Wujiang Microelectronics received 7.5% of the shares.
These add up to 47.5%.
Zhao Ye's willingness to give a portion of the shares to large foreign investment institutions was mainly to expand the market and achieve win-win cooperation.
Only by abandoning the idea of monopolizing profits can Wujiang Microelectronics develop better, since Zhao Ye's "golden touch" cannot continue indefinitely.
Of course, they took this opportunity to sell shares, raise funds like crazy, and obtain more than 100 billion US dollars, which is unprecedented!
However, given Wujiang Microelectronics' strong technological monopoly in the chip manufacturing field, this is entirely reasonable.
If Wujiang Group is willing to sell Wujiang Microelectronics, then Western countries would be willing to sell everything they own to buy it.
Wujiang Microelectronics is a behemoth conglomerate that dominates the fields of chip manufacturing, lithography machines, photoresist, ion implanters, plasma etching machines, scanning electron microscopes, single crystal furnaces, and chip packaging... and has no competitors.
Canon and Nikon have been led astray in this era. Dry lithography machines have been difficult to achieve, and the gap between them and Dawning lithography machines is now like an insurmountable chasm.
TSMC lacks advanced lithography equipment and is in a state of semi-death.
Intel's chip business is not as competitive as Loongson's chips, a subsidiary of Wujiang Group. Due to its small scale and lack of chip manufacturing equipment, Intel is also unable to produce chips on its own and now outsources production to Wujiang Microelectronics.
In its previous life, TSMC and ASML had a combined market capitalization exceeding $500 billion.
According to Zhao Ye, Wujiang Microelectronics' total market value should be at least trillions of US dollars!
Major investment institutions were also able to analyze the development potential of Wujiang Microelectronics. This time, Wujiang Microelectronics secured a massive amount of funding through its IPO. How much impact will this investment in research and development have?!
It's unimaginable that there will be no rivals in the world.
In the field of chip manufacturing, who else but us holds the dominant position!
It couldn't be more stable!
The development of more advanced deep ultraviolet lithography machines will also be accelerated due to massive R&D investment. At that time, who can shake the position of Wujiang Microelectronics!
As soon as the A-share market opened, countless investors went on a buying frenzy!
In less than five minutes, Wujiang Microelectronics' stock price hit the daily limit!
Such an exaggerated surge in price is truly astonishing.
At this moment, countless Chinese stock investors are filled with resentment towards China's stock price limit system, and those who failed to buy shares are even more heartbroken and filled with regret.
Currently, there isn't a single sell order for Wujiang Microelectronics on the stock market, which shows just how popular its stock is in the financial market!
...
Taiwan.
Just received news that Wujiang Microelectronics' stock price hit the daily limit on its first day of trading. The atmosphere inside TSMC is heavy, and a sense of despair is quietly rising in everyone's hearts.
With the huge success of Wujiang Microelectronics' IPO, does TSMC still have a chance?
The local leaders in Taiwan also looked very grim.
If TSMC collapses, Taiwan's electronics industry will suffer a severe blow.
Taiwan's economy was already weak, and now its electronics industry is in a slump. What is the way out for Taiwan in the future?
The mainland, which once couldn't afford tea eggs, is now wealthy and powerful, having left Taiwan far behind.
That evening, the front pages of major newspapers in Taiwan reported that Wujiang Microelectronics' stock price hit the daily limit in less than five minutes on its first day of trading.
Some media outlets couldn't help but mock themselves, saying, "In 2002, Taiwan's GDP was US$280 billion, which is about 2 trillion yuan. Today, Wujiang Microelectronics is listed on the A-share market with a total market value of 4.4 trillion yuan, twice the GDP of Taiwan! The entire GDP of Taiwan is not even as much as the market value of one of their subsidiaries. I think we're the ones who can't afford tea eggs..."
"Wujiang Microelectronics' stock price hit the daily limit on its first day of trading, while TSMC's stock price plummeted by 8.5%! A harsh winter is coming for Taiwan's electronics industry!"
...
Japan.
Upon hearing of the tremendous success of Wujiang Microelectronics' IPO, executives at Nikon and Canon became increasingly troubled, with some even explicitly stating their intention to abandon the lithography machine market.
Currently, Canon and Nikon have suffered heavy losses in dry lithography machines and must stop the bleeding as soon as possible.
Moreover, even if Canon and Nikon are able to produce lithography machines, who can they sell them to?
TSMC is on the verge of bankruptcy.
The chip foundry market has been gradually eroded by Wujiang Microelectronics.
Since Wujiang Microelectronics will not purchase lithography machines from Canon and Nikon, there is no solution.
The heads of lithography machines at Canon and Nikon certainly didn't want their companies to give up the lithography machine business, so they tried their best to persuade them.
"Lithography machines cannot be monopolized by Chinese companies, otherwise, Japan's chip industry will be strangled by China! Lithography machines and chips are related to Japan's national destiny, and I hope the company will persevere!!!" said Himatsu Yamashita, head of Canon's lithography machine division, with great passion.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com