Su Yourong's right and left hands are the head of the investment department of United Capital and several major shareholders on the board of directors. This is a major learning opportunity for senior management.
"We've covered the semiconductor industry chain. Each link in it is something that various countries are vying for. To be precise, semiconductors are the product of global high-end industry collaboration, involving top-tier fields such as optics, chemistry, mathematics, and materials science. Now, let's talk about the market, the current global semiconductor distribution and market distribution..."
"Next, I will analyze Hurricane Semiconductor. Through this analysis, I believe that the most valuable aspects of this company are twofold: one is the founder, Lu Feng, and the other is the mainland's strategic layout in the semiconductor industry. Judging from Lu Feng's position in the mainland, he is definitely a leading figure in the mainland's semiconductor industry!"
"I found evaluations of Jiafeng Group and Lu Feng by major mainland media in July 1995, April 1996, and August 1996. In March 1996, Lu Feng received the title of Reform Pioneer. The evaluation mainly focused on semiconductors. He was a contributor and promoter of the development of domestic semiconductors and made outstanding contributions to the field of high-tech semiconductors. It can be said that the evaluation of him was quite high."
"Hurricane Semiconductor currently has seven R&D centers, mainly overseas in Sweden, in cooperation with Nokia, focusing on mobile phone motherboards, chips, and communications. Last year, they established an R&D center in Kyushu, Japan. It is not large in scale, and its main partners are Sharp, Sony, and Toshiba. They are the main investors, while the other three are users of the R&D center."
“Hurricane Semiconductor sends no more than 100 PhDs to study and exchange programs each year. Another one is in Hong Kong, also for exchange and learning, and the remaining four R&D centers are all in mainland China. According to publicly available information, Hurricane Semiconductor has established talent transfer programs with several universities in mainland China. This year is the first year of talent transfer, and Liu Cheng, the head of the R&D company, has also publicly stated that they want to recruit all semiconductor-related majors from mainland China.”
"Regarding the factory situation, all their main factories are in Tianjin: two wafer fabs, one packaging plant, and one silicon wafer plant. Currently, they are not operating at full capacity. Due to sanctions, they have opted for ASML's dry lithography machines, which produce 0.6-micron products. The current top-tier specification for semiconductors globally is 0.35 microns, a generation behind. This year, several manufacturers have announced that they will produce 0.25-micron products."
"In conclusion, this is a challenging company. The only two things that make it most worth investing in are the founder's and mainland China's investment plans for the semiconductor industry."
The learning meeting, which lasted from afternoon until evening, has now come to an end, and everyone has gained a certain understanding of semiconductors and Hurricane Capital.
There was a note under Su Yourong's notebook, which mentioned that Lu Feng and Feng Zhiyao had dinner together.
"Okay, thank you very much Dr. Chen, President Wang and President Han for the explanation. It was simple and easy to understand. Everyone now understands what semiconductors are and has a pretty good understanding of Hurricane Capital. What do you think about investing in Hurricane Capital?" Su Yourong looked to the left and right.
When the head of the investment department came today, he already knew that President Su was determined to invest in Hurricane Capital. If he continued to obstruct him, he feared he would have to take over the position.
“I think there are risks, but the opportunities outweigh them. The economy in mainland China has been quite strained in the past two years. Once the situation eases, Hurricane Capital will experience a complete turnaround, which is an opportunity for us. If it weren't for the tight funding situation in mainland China, Lu Feng wouldn't have come to Hong Kong to raise funds.” The head of the investment department thought for a moment and said, “Overall, the risks are controllable, and the future returns are substantial!”
Several shareholders frowned; they really didn't want to invest. If it failed, it would mean a loss of billions of Hong Kong dollars. In the current economic climate, money is hard to earn!
Su Yourong seemed to have seen what they were thinking and said, "I am considering the next step of issuing more shares. I do not rule out the possibility of completely abandoning the issuance. This time, the issuance will not be distributed to retail investors, but will be purchased by specific investors!"
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