Life 1984

Chapter 267 Losing hundreds of millions of dollars
It’s the third day of inviting beauties from the Conservatory of Music to do the show.This event attracted quite a lot of traffic and helped Sihai Group bring in a lot of foreign businessmen.Regardless of whether we open orders or not, at least we have a lot of customers.

So Li Yunhai discussed with Liu Ruyi, Fang Yun and others to continue inviting them to catwalk until the end of the Canton Fair.

Liu Ruyi and other girls are all graduating students. They go out to catwalks to make money, and with the permission of the school, they are equivalent to internships for students from other schools.

On this day, Li Yunhai was at the printer booth, promoting micro-piezoelectric printers to foreign businessmen.

The most core component of the printer is the print head.Although foreign companies invest and build factories in our country, whether it is a joint venture or a sole proprietorship, their core technologies will not be given to us.

The first inkjet printhead truly independently developed in our country is Sihai Group’s micro-piezoelectric technology.

Most people don’t understand this advanced technology, but colleagues certainly understand the technological content of this technology. This is a huge progress in printing technology.

In 1971, Star Kweiser of Xerox added a laser beam to an electrostatic copier, creating the world's first laser printer.

In 1968, Toyo OKI invented the world's first dot matrix printer, the OKI Wiredot.

The world's first inkjet printer, as well as the earliest patent for inkjet printing, was applied for by Siemens in 1951.

After decades of development, various printing technologies have become very developed.

Printing technology has continued to advance and develop over the years.

Today, the micro-piezoelectric inkjet printer developed and produced by Sihai Group has achieved a new technological breakthrough.

Most foreign businessmen were interested in learning about it and then left politely.

Another day of no results.

After returning home from get off work, Li Yunhai and Lin Zhi discussed that they would go to the United States after the Canton Fair ended.

Li Yunhai's previous visa was valid for one year, during which he could travel back and forth at will.

Because of Linzhi's special status, a visa to go abroad requires special approval. Whether traveling abroad for business, private reasons, long-term, or temporary, not only must it be approved by the province, but it must also be submitted to the General Affairs Department of Beijin for approval.Therefore, it is much more difficult for her to obtain a visa to go abroad than for ordinary people.

This regulation was not changed until 1988. After 1988, women from big houses like Lin Zhi were approved according to the normal procedures for people going abroad.

Lin Zhi couldn't accompany Li Yunhai abroad, which made her very depressed.But she also knew that Li Yunhai went to the United States this time to do important things. As for traveling abroad, there would be many opportunities in the future.

She was worried that Li Yunhai would be alone abroad without anyone to take care of her. Thinking that Gong Jie had a visa to the United States, she discussed with Gong Jie and asked her to accompany Li Yunhai to the United States.

The first episode of "Funny Family", which Gong Jie participated in, only has 20 episodes. Four episodes will be broadcast every week and will be completed in five weeks. The follow-up will depend on the ratings and audience response before deciding whether to continue filming.

The filming of the first 20 scenes is almost finished, and Gong Jie happens to be free and can accompany Li Yunhai abroad.

Gong Jie said to Lin Zhi, don't worry, I will help you take care of Mr. Li.

Lin Zhi said that you are gentle, sweet and sensible. You are my big sister. I believe you will be very good at taking care of others.

People of this era, especially people like Lin Zhi, are kind-hearted and simple, and don't have many other ideas.

A few days later, Professor Ni contacted Li Yunhai and said that he had reached an agreement with GCA Company in the United States. In terms of price, the other party could only offer 2000 million U.S. dollars less, and could not go any lower.

The original price was US$8 million, but only US$2000 million was negotiated!
Another $7.8 million is needed.

Now that Li Yunhai had made his decision, he no longer hesitated.

7.8 billion dollars!
Voted!

In the world today, the most advanced chip and memory technologies are in the hands of Japan and the United States.

Toyo's Nikon and American GCA, these two companies account for more than 60% of the global chip market.

In 1986, Toyo's global market share of memory products rose to 65%, while that of the United States dropped to 30%.

Because the United States has been running fiscal deficits all year round, the Plaza Accord was adopted to restrict the development of the Toyo chip industry.

In 1984, the price of DRAM chips dropped from $4 per chip to $0.3 per chip after the Plaza Accord.And the production cost is $1.3!

This means that every time Toyo produces a DRAM chip, it loses $1.

The United States uses various economic means to beat the Japanese DRAM industry to death.

This period can be said to be an important year when the international situation changes dramatically!
Big Brother up north is locked in a cold war.

Japan and the United States are at odds.

The cost of domestic manufacturing in the United States has soared.

The global manufacturing industry is undergoing a reshuffle.

Everyone knows what happened later. The South Koreans took advantage of the situation and took the opportunity to develop the semiconductor industry.

The relevant production lines in our country were all purchased in the 70s and have fallen seriously behind.

In our current understanding, the chip manufacturing process represents the performance and power consumption of the chip.Manufacturers often use advanced manufacturing processes as a key promotional point.The iterative evolution of chips has always been controlled by a prediction called "Moore's Law."It was proposed by Gordon Moore, one of the founders of Intel.As early as 1965, Moore predicted that the number of transistors per square inch would double every 18 to 24 months.

In other words, chips will be replaced by one generation in about two years, and my country's original production lines are already five generations behind.

In addition, from the perspective of the international environment, it can be said that it is a cold winter period for the semiconductor industry.

DRAM chips are sold at a loss.

Li Yunhai wants to buck the market trend and invest a huge amount of US$7.8 million to purchase production lines!

The mainstream DRAM chip on the market now is 64K DRAM, with a production cost of US$1.3 per chip.Facing the industry's cold winter, Li Yunhai not only did not shrink investment, but began to invest in reverse to expand production capacity.

Li Yunhai is betting on the future!

He believes that tomorrow will be better.

PC computers are about to enter a hot-selling period, bringing prosperity to the industry.

As long as he can survive these two years, Li Yunhai will definitely be able to make a smooth comeback and usher in performance growth.

At the same time, semiconductor manufacturers, including South Korea's Samsung, were also making reverse investments and would lose hundreds of millions of dollars in the next few years!
Li Yunhai's idea is to buy the bottom when the industry is at its lowest point, spend hundreds of millions of dollars to make losses, and then earn it back later.

But in the past few years, Li Yunhai needs to find ways to make more money in order to maintain the development of this industry.

Our country's economy is weak, and it is basically a delusion to rely on national strength for investment.

In the ten years from 1982 to 1992, the total fixed asset investment in my country's integrated circuit industry was only 15 billion yuan, which was a drop in the bucket for the development of the industry.

Li Yunhai can only raise funds by himself.

There are several ways he can think of now.

The fastest way is to use Sihai Group's fixed assets as collateral with the bank to get a loan. I dare not say it is a large amount, but it should be no problem if it is several hundred million yuan.

No matter how much it is, the bank will not dare to lend it, and there is no need for Li Yunhai to lend it.

Corporate debt must be controlled to a certain level.

The company's debt ratio is equal to total liabilities divided by total assets, multiplied by 100%.

Generally speaking, it is most reasonable to control it at around 40%.

Otherwise, once the corporate capital chain collapses, there will be no recovery.

The fixed assets of Sihai Group include Tianhua Building, Sihai Center and several production plants, plus the Navy Building in Xiangjiang.

With these assets, there is no problem at all in borrowing hundreds of millions of RMB.

If Li Yunhai wants to raise funds, there is another way: going public.

Although there are already joint-stock companies in China, and some companies have issued stocks, they are not large in scale. Most of them are small businesses with several million shares. Many companies have issued stocks, but no one has bought them. The stocks are all issued through apportionment. .

As for the securities market, it will take at least 6 years to be established.

If Li Yunhai wanted to go public, he could only go through offshore channels.

The nearest offshore listing place is Xiangjiang.

Next is Singapore, and then is the United States.

As we all know, China has always had capital controls. So what exactly are capital controls?
For example, if Li Yunhai wants to buy U.S. stocks, that is, make overseas securities investments, then he needs to do two things. One is to convert RMB into U.S. dollars, and the other is to use U.S. dollars to buy U.S. stocks.Capital controls actually govern these two links. The first is the link of converting RMB into US dollars, which is the exchange link; the second is the link of buying U.S. stocks, which is the cross-border capital transaction link. Due to the existence of capital controls, domestic purchases Overseas stocks and bonds, as well as overseas purchases of domestic stocks and bonds, are restricted.

But in the 80s, no domestic company had ever handled an offshore listing, and neither did Xiangjiang.

The first domestic company to be listed in Hong Kong was on June 1993, 6. This day is also recorded in history.On this day, Qingdao Beer Company was listed on the Hong Kong Stock Exchange, becoming the first mainland company to be listed in the form of H shares.

Therefore, Li Yunhai wants to raise funds in Hong Kong's stock market, unless he is a Hong Kong-funded enterprise.

It's not difficult to do this.

Li Yunhai registered the company Haihua Company in Xiangjiang, which is an offshore enterprise controlled by himself.

Sihai Group and Haihua Company have cross-shareholdings.

Li Yunhai can use the name of Haihua Company to go public and raise funds in Xiangjiang.

To be listed in Hong Kong, one must have a profit of at least HK$3 million in the past three fiscal years, a profit of at least 5000 million in the most recent year, a cumulative profit of at least HK$2000 million in the previous two years, and a market value of at least HK$3000 million when listed.

This condition is not harsh.

Haihua Company fully meets the financial requirements.

At the same time, all large and medium-sized local companies in Xiangjiang have been listed, and local IPO resources in Xiangjiang are seriously lacking.

The leaders of the Hong Kong Stock Exchange have long been aware of this.They are very clear about the value of Xiangjiang as an international financial center and the huge demand for funds by mainland enterprises. They are keenly aware that once the two are combined, they will burst out with huge energy.

Hong Kong has a population of just a few million and a stock market worth HK$3000 billion, but it can only be considered a marginal market internationally. Only by cooperating with mainland companies can it become the most important capital market in the Asia-Pacific region.

Li Yunhai estimated that it would not be a big problem if he wanted to be listed in Xiangjiang.

But one thing is that neither Haihua Company nor Sihai Group have been established for less than three years.

However, Li Yunhai can list Xiangjiang as a major channel for future financing.

With these financing possibilities, Li Yunhai has greater confidence to invest all his wealth in chips and memories.

The Canton Fair is still in progress, and the business of CCA and computer typewriters is relatively stable.

Li Yunhai wanted to take some time to visit domestic chip factories.

Before officially going to the United States to purchase production lines, first understand the domestic market situation.

As mentioned earlier, our country vigorously developed the chip and memory industries in the 70s.It was not until 1985 that my country developed the first distributed projection chip machine, which used a 436-nanometer G-line light source.

This chip machine is only about 7 years behind the mainstream international products.

However, this is just a sample!
This is like saying that Feng Ru built an airplane in 1909, but we are still buying Airbus 2018 in 380, because they are not the same thing at all.

Being able to create a sample does not mean that it can be mass-produced, nor does it mean that the product you produce has a market.

Li Yunhai left the Canton Fair in charge of Lin Zhi, and he flew to Beijing, Shanghai and other places to participate in the most advanced chip factory in my country.

After shopping around, Li Yunhai discovered that domestic chip manufacturers are still far from the mainstream 32-bit microprocessor 80386.

This also strengthened Li Yunhai's determination to purchase the most advanced production line in the United States.

When Li Yunhai returned to Huacheng, it was already the end of April.

The Canton Fair is more than half over.

What left Li Yunhai speechless was that the printer had not received any big orders yet.

Li Yunhai traveled for several days in a row, either by car or by plane, and was really tired.

After returning to Zhiyuan at noon that day, he covered his head and fell asleep.

When I woke up, it was already past two o'clock in the afternoon.

It happened that the anti-theft doors and windows had been completed, and the master workers came to install them.

Li Yunhai stayed at home and watched the workers install all the anti-theft doors and windows.

He paid a deposit before and settled the balance after the workers completed the installation.

The windows in the villa were not big, and the anti-theft windows installed were all steel pipes as thick as a thumb. Li Yunhai tried his hands, but with his strength, he couldn't move them at all.

The house is close to the main road, and there is an advantage. Although thieves are concerned about it, they will spend a lot of time breaking in through the windows, making it difficult to be secretive and easily alerting people nearby.

The wall was originally only 1.2 meters high, but Li Yunhai raised it to three meters, making it difficult for casual thieves to climb over the wall and enter.

Safety is more important than a wide view.

After Li Yunhai finished everything, Lin Zhi and others came back.

As soon as he entered the door, Lin Zhi laughed and said: "Sea of ​​clouds! Happy event!"

"Where does happiness come from?" Li Yunhai asked.

"The printer has received an order! A European foreign businessman purchased 1 printers!"

"Oh, very nice."

Although there are only 450 units and the total price is [-] million US dollars, the profit is not much, but at least it has made a start.Compared with those companies that rarely open an order, this is already a breakthrough.

Li Yunhai asked them: "Where to eat?"

Lin Zhi opened the refrigerator door and took out a lot of meat: "Instead of going out to eat, we will cook and eat at home! We are tired of eating the food in the restaurants outside. Since you have not been here these days, we have been cooking and eating by ourselves."

In Zhiyuan, there live four women, Lin Zhi, Shen Xiulan, Gong Jie and Cheng Lin!
Isn’t it easy to make a delicious meal?
They didn't need Li Yunhai to do anything. The four of them divided the work, washing vegetables, chopping vegetables, washing rice and cooking, and they were very busy.

Li Yunhai was sitting in the living room, watching TV and listening to the chatter of the women inside, which was very lively.

Today is Sunday, and Lingnan TV station will broadcast "Funny Family" in the evening.

Li Yunhai and the others sat around in front of the TV and watched.

This is a melodrama, each episode is only about 20 minutes.

Just like acting in a sketch, in one episode, a story will be told and a few jokes will be made.

Everyone watched with gusto and burst into laughter from time to time.

Sihai Store is very popular, and one episode was shot specifically in Sihai Store, which took soft implants to the extreme.

The investment cost of this kind of film and television drama is not high, so it can be used as advertising.

After watching TV, it was still early. Cheng Lin was young and fun-loving, so he asked if he wanted to go to a dance hall outside.

Shen Xiulan didn't like such lively places and said she wanted to stay at home and learn foreign languages.

Cheng Lin scared her: "Are you staying at home alone? Aren't you afraid that the thief from last time will come in again?"

Shen Xiulan was really startled. She looked at the security doors and windows and said timidly: "Isn't it possible? With such good protection measures, thieves can't get in, right?"

Li Yunhai smiled and said: "Xiulan, don't stay at home all day long, why don't you go out and relax occasionally?"

Shen Xiulan hummed and followed them out.

Li Yunhai knew that most of the song and dance halls on the streets were a mixed bag of people, so for the sake of safety, he took them to the Yiyuan Song and Dance Hall of the Workers' Cultural Palace.

The 20s was the most prosperous period for the Workers' Cultural Palace.

Li Yunhai saw a report on the front page of the Yangcheng Evening News: In 1986, there were five workers' cultural palaces in Huacheng, where employees could learn science and culture, visit exhibitions, watch movies and videos, enjoy music and folk arts, and participate in chess and table tennis. There are basketball games, tea, dancing, and video games.Moreover, it is open 365 days a year and is open for 21 to [-] hours a day. This kind of round-the-clock operation service greatly surprised and sighed the labor union workers in other places.

Li Yunhai bought the tickets and everyone entered the song and dance hall.

There were almost all young people inside, playing disco music, and the dance floor was packed with people, as dense as dumplings. Everyone was following the beat of the music and shaking their bodies.

Li Yunhai and others also joined in.

Shen Xiulan seldom went out to play and couldn't dance. When she got off the dance floor, she stood still like a wooden figure.

Li Yunhai came to her side and said, "Relax a little and sway to the rhythm."

Shen Xiulan smiled shyly: "Yunhai, I really can't dance, I'm so ugly!"

Lin Zhi took her hand and said, "Come, let me teach you. You dance with me. Let me tell you, only less than [-]% of the people here have really learned it, and most of them just follow the trend." .As long as you are thick-skinned, no one will know that you can’t dance.”

Shen Xiulan chuckled. She was a young girl after all, and quickly danced rhythmically to the music.

Cheng Lin danced lively and freely, very freely.

Gong Jie danced more quietly, just swinging her arms slightly and twisting her waist. She touched Li Yunhai with her arm and said with a smile: "You want to take me to the United States again. Do you have any overseas subsidies?"

"Yes." Li Yunhai smiled, "$100 a day."

"How stingy! You might as well give me a gift!"

"Okay, what kind of gift do you want?"

"I said it's a gift. Of course, I will accept whatever you give me. How can I choose?"

"Then I have to think about it!"

Cheng Lin, who was next to her, suddenly let out a scream. Her voice was extremely sharp and instantly drowned out the sound of the stereo, attracting everyone's attention.

Li Yunhai turned around and asked, "What's wrong?"

Cheng Lin pointed at a young man and said angrily: "He always touches me!"

Li Yunhai understood the connotation of the word "touch" and said seriously to the young man: "Comrade, please respect yourself! This is a public place! Calling the police will do you no good!"

The young man shook his long hair that covered his eyes and said with a look of disdain: "What does it have to do with you? I saw that she danced so well, I just wanted to invite her to dance together! I touched her arm , Isn’t this illegal? Little sister, you’re already out dancing and having fun, so you’re not so old-fashioned and can’t let go, right?”

Cheng Lin sneered: "Dance competition? Just you?"

The young man opened his arms and laughed and said: "I am a master of dancing in Huacheng! If you can beat me, I can use my head as a chamber pot for you. If you lose, just promise me that you can dance with me!" "

Cheng Lin was an arrogant person, and she couldn't stand this young man. She wanted to teach him a lesson and said, "Okay! Let's compete. If I win, I won't use your head as a chamber pot. I think it's too disgusting." ! Well, if you lose, how about barking like a dog and crawling around the dance floor three times? Do you dare to bet? "

The young man shook his hair coolly: "Okay! Little sister, we have agreed first. If you lose, you have to dance with me!"

"Hmph, let's wait until you win!" Cheng Lin raised his chin proudly.

Gong Jie said: "Mr. Li, don't you try to persuade her? No matter who loses, I'm afraid it won't look good."

Before Li Yunhai could speak, he heard Cheng Lin running to the stage, taking the microphone from the host next to him, and loudly said: "Please be quiet, everyone!"

The dancers stopped and looked at Cheng Lin on the stage.

Everyone still didn't understand what happened, and they all thought Cheng Lin was a female host or a female singer.

Someone recognized her: "Hey! Isn't this Cheng Lin? The Cheng Lin who sang "Little Snail Hao"!"

"Xiaoluohao? Is it really her?"

"It's her! It's her! I recognize her!"

"It's really her. She also stars in the funny family!"

"Wow! Cheng Lin is here! Cheng Lin is here!"

People in the ballroom were talking non-stop for a while, and they all cheered for Cheng Lin's arrival.

The young man who had competed in the dance competition just now was obviously taken aback, and then laughed and said: "Okay! I said she looked familiar, and it turns out she is Cheng Lin! If she loses, she has to dance with me! I can't him It feels so good!"

Cheng Lin pointed at the young man and said: "Next, this gay man and I are going to have a dance competition. Can you please give us the venue? Thank you."

Everyone came out to play just to watch the fun. Seeing such a good show, everyone naturally agreed with a bang, exited the dance floor, and crowded to the side to watch.

Cheng Lin said to the host: "Please play some exciting music for us."

The host was eager for this kind of drama to liven up the atmosphere and increase the vitality of the ballroom. He said loudly: "Dear guests, everyone welcomes you with applause. The famous singer Miss Cheng Lin will dance with this gay man!"

Cheng Lin said to the young man: "You jump first! Remember, if you lose, you have to bark like a dog and crawl around the field three times!"

When everyone heard that there was a bet, they couldn't help but cheer: "Okay! Let him climb three times!"

The young man was still full of confidence at this moment. He walked to the middle of the dance floor, pointed at Cheng Lin, and said, "You will definitely lose!"

Lin Zhi said to Li Yunhai: "Yunhai, is this okay? What if he loses and becomes angry? This is their territory."

Li Yunhai smiled helplessly: "Cheng Lin has said it publicly, who can stop her? Let's see first!"

(End of this chapter)