Soone at the top got angry.
The people below started moving much faster.
The investnt negotiations for Shanghai Microelectronics progressed quickly.
It didn’t take long to complete the asset assessnt, and the final valuation given by the third-party evaluation company was 150 billion .
Both sides agreed on this valuation.
Next ca the investnt negotiations.
This ti, Sun Dasheng participated fully, without delegating the task to others.
Mainly because he himself regarded this cooperation highly.
You should know that Shanghai Microelectronics is already in the first tier of dostic lithography machine manufacturers; whether in research strength or the degree of national attention, it ranks top.
Initially, he wanted to invest more money.
Later, after being advised by Li Jun, the company’s investnt departnt minister, he was told that sotis investing more is not necessarily better.
Especially with companies that are heavily valued by the higher authorities; the nation will not allow private ownership.
Sun Dasheng expressed understanding; he indeed initially wanted to invest more in this high-tech company, but sotis good intentions can lead to bad outcos.
In this matter, he followed the advice of the investnt minister.
With Microelectronics, they adhered to their previously ntioned possibility of releasing 20% equity for financing.
20% of 150 billion is 30 billion.
Now 30 billion for Sun Dasheng is a drop in the bucket.
But for Microelectronics, it is still a substantial cash flow.
The goal is clear.
The subsequent negotiations went very smoothly.
Mainly because both sides had what the other wanted.
Especially since Sun Dasheng wasn’t imposing too many restrictive clauses, like those commonly found in investnt agreents: how long until the company generates profit, how much the profitability data increases annually, and so on.
Capital is always profit-driven.
So for a money-burning high-tech enterprise like Shanghai Microelectronics, apart from constant national investnt, typical investnt companies generally wouldn’t favor such enterprises.
Capital favors companies like PDD, shopping platforms, or Douyin, erging social platforms.
Investing in these types of companies offers clear short-term high returns.
And Shanghai Microelectronics, making lithography machines? Are you crazy? Who knows how many years it will take to reach foreign technology.
Even if they tirelessly catch up, it doesn’t necessarily an profitability.
Why?
Because by then, foreign lithography machines will drop their prices significantly, they won’t give you the chance to seize their market.
Shanghai Microelectronics eting room.
"Congratulations, President Sun, on becoming a major shareholder of Microelectronics. Let us join hands for mutual progress and create brilliance together!"
The chairman of Microelectronics was very welcoming of such a strong external ally joining the board.
"I’m just the one funding, when it cos to efforts, it’s truly your great scientists." Sun Dasheng humbly replied.
"Where, where, the growth of Microelectronics depends not only on the diligent scientists but also on the support of the business community, modern society is about division and cooperation." The chairman’s speech was eloquent.
No wonder he is an insider of the system.
"After signing the contract, let’s go have a al together." The chairman invited.
Sun Dasheng smiled and said, "I graciously accept the offer."
The celebratory banquet was lively and warm because the company had just secured a significant amount of new financing, everyone’s spirits were high, and many had hopes for the future.
After the al.
Sun Dasheng took his leave.
Then began a whirlwind dostic journey as an airborne traveler.
The main aim remained focusing on strategic investnts in enterprises within the national chip industry chain.
The upstream of the chip industry chain involves materials and equipnt, including silicon wafers, photoresists, sputtering targets, electronic special gases, packaging materials, etc., with equipnt including lithography machines, etching machines, thin film deposition equipnt, etc.
The midstream refers to chip manufacturing enterprises, represented dostically by SMIC; chip assembly and testing enterprises, represented dostically by Tongfu Microelectronics.
No need to ntion the downstream, because there’s plenty of money to be made, many excellent companies in the country, this doesn’t concern Sun Dasheng.
The upstream, especially those materials, are the priority.
The country is still far from reaching international leading levels.
So financial assistance is needed to accelerate research and developnt speed.
Therefore, when Sun Dasheng brought huge amounts of cash and demanded little in terms of shares, he received unanimous welco.
For safety, he chose to invest in the top three companies in each field for upstream materials, and in general investnt shares were not large, generally between 10-20%.
Depending on the company’s own choice, offering 20% equity to those needing more funds, and 10% to those with less demand.
Of course, so enterprises refused investnt.
Then he would move on to the next company in rank within that industry.
In the country, there’s no shortage of businesses; companies are everywhere.
Even in very niche industries, if there’s money to be made, even if not much, there are plenty of companies gathered around.
By the ti he finished this airborne traveler’s work, it was already close to New Year’s Day.
Preparing to welco 2026.
"How much have we spent in total this month?"
The first thing upon returning to the company office was to reconcile accounts with his accompanying secretary Huang Han.
Huang Han, holding a notebook, said, "President Sun, including Shanghai Microelectronics, we’ve invested in a total of 31 enterprises, with the largest investnt amount being Shanghai Microelectronics at 30 billion, and the smallest being a packaging materials enterprise at 1 billion."
"The total investnt amount is 100 billion precisely."
Sun Dasheng, with both hands on his boss chair, said sowhat emotionally, "Flying outside laboriously for a month, and ended up only spending this little amount."
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