Reinventing the Millennium.

Chapter 1411 Do it yourself
As soon as Yike’s secondary listing announcement came out, the stock price fell again.

From March 4200st to 3800st, a whole month, YiKe's stock price fluctuated, with the highest point exceeding billion US dollars and the lowest point less than billion US dollars. It was a cycle of fluctuations.

Surrounding Yike's situation, companies such as Intel, GlobalFoundries, Apple, Samsung, and Taiji have made different adjustments and changes, and there are also many struggles outside of business.

But when Yi Ke made the latest decision, the same time seemed to speed up all of a sudden.

How could Yike be so decisive or reckless in its secondary listing in Hong Kong in just one month?
You have such a big company, such a big market, and so many users, what do you mean?
Yike's share price was not affected by the stock split and continued to rise. However, this announcement did cause quite a stir. The listing move at this juncture seemed like a runaway move no matter how you looked at it.

“As the world’s most inclusive market, is it really impossible for a company like Yike to be accommodated?”

"Regardless of whether BIS's restrictions on IceCore International are effective, since it imposed additional measures, why can a small company like AMD, which has no impact, quickly obtain a temporary license, but Yike's license has not yet been issued?"

"The stock price fluctuations of Yike and the affected companies, shouldn't the losses caused to investors be taken seriously by the BIS?"

“BIS and SEC must re-examine their strategies!”

Institutions that have not yet sold all their stocks took the opportunity to speak out and blasted institutions such as the BIS and the SEC.

But there are also politically-charged spokespersons who have always denounced Yi Ke. They still believe that the Yi Ke system with Yi Ke as its core should be severely cracked down, and in response to Yi Ke’s announcement this time, they shouted the slogan “Don’t let Yi Ke get away.”

Yike has not officially started the secondary listing process yet, but the reaction of relevant public opinion has been unexpectedly large. There are many voices targeting Fang Zhuo personally, who are considered to be the founder of Bingxin International. Now that restrictions have been imposed on Bingxin International, more targeted measures should be imposed on relevant core personnel.

No matter what, the ice core label on Fang Zhuo is becoming more and more eye-catching, and this will not change because of Yi Ke.

Faced with such a surging public opinion, although Fang Zhuo will not respond in person, and although he is indeed very busy, he still needs to take a look at the internal opinions.

Both Yike's public relations department and Meilijian's lobbying team suggested that such personal remarks should be cooled down to avoid any real trouble.

Although the election will not begin until early next year, different camps are already making moves.

"Do you think this temperature can be effectively lowered?" Fang Zhuo asked lobbying leader Zhao Zhishan after thinking for a while.

Zhao Zhishan pondered over her boss' words, "Effectively reduce it." After a while, she said, "It can definitely be reduced, but many people this time are from the Republic. Mr. Fang, we think that no matter how effective it is, we have to take action."

Yi Ke went to Hong Kong. She also believed that the boss's expectations were continuing to decline, but this matter could not be left alone.

"I understand what you mean, but this problem should still be effectively controlled." Fang Zhuo said calmly, "While our friends are still here, we should not let conflicts accumulate. This is not good. The more conflicts accumulate, the more trouble they will cause."

Zhao Zhishan thought carefully about his boss's words, and suddenly guessed what Mr. Fang was thinking, so he asked tentatively, "Then should we escalate the conflict first?"

Even though we are friends, not everything can go as planned, and we cannot ask them for help with everything.

In this case, if it is difficult to cool down the situation, then we should raise the temperature to the point where it needs to be resolved, to the point where they need to take the initiative to help.

As for how to heat up...

We cannot just target the founder of Bingxin International, but also need to investigate all of Mr. Fang’s actions.

Check Yi Ke, check how Yi Ke harvested the short positions in the first place, whether there was market manipulation, and whether there was any power-for-money trading involved!

Check the MIGA fund. How does this prestigious fund operate? It once participated in the disposal of non-performing assets after the financial crisis. Are there any violations in this?
Check Mr. Fang’s friends and see if they have been hit by the sugar-coated bullets!

Zhao Zhishan just had a sudden thought. It’s not easy to lower the temperature, but it’s too easy to raise the temperature!
"Well, some things need to be concluded now. If necessary, we should intensify the situation. We should be more cautious in doing things." Fang Zhuo knew that the person opposite him understood his thoughts.

Zhao Zhishan understood that this kind of thing required some skills, but he had been operating in Meilijian for many years, and both the overt and covert methods were very mature.

After finishing the call with her boss, she thought about it and decided that the public opinion still had to start with Yike. She should take advantage of the momentum of Yike's second listing to recreate the short squeeze case that shocked the world the most that year.

Fang Zhuo received another call from Zhao Zhishan the next day, and basically agreed with her idea. The short squeeze case was a good idea, as it was decided by the White House itself, and it would surely cool down the incident quickly.

However, before public opinion could be mobilized, perhaps because BIS felt some pressure, or perhaps because the process had reached this point, it finally issued Yi Ke a temporary license for the ice core.

From April to June, Yike's purchases from Bingxin were not restricted by BIS and it was still able to provide a stable supply, which basically ensured a stable supply before the new product launch.

If the second license can be approved, Yike’s new products this year will also be partially guaranteed.

Fang Zhuo informed the general office of Yike of the latest news through an online meeting. Everyone agreed that in order to ensure maximum benefits, this year's autumn press conference should be brought forward to around September.

"Mr. Yu will be in charge of the autumn press conference. We need to control the risks in preparing new products this year."

"Regarding the listing in Hong Kong and other public opinion issues, no one should participate in public discussions or accept private interviews. All responses will be handled by the public relations department."

"Every action taken by Yike is legal and compliant."

“Regardless of whether our cooperation with Intel and GlobalFoundries can be achieved, and regardless of what twists and turns our business may encounter, I want to reiterate my point of view that semiconductors are first and foremost an industry, not an ideology.”

“Its politicization must necessarily be based on economics and business.”

"What we need to do is to continue to accumulate strength unswervingly during the low period, continue to invest unswervingly in research and development and technological innovation, and continue to maintain progress unswervingly."

Fang Zhuo made a rare long speech at the general office meeting recently.

However, rather than being placed on the Yike conference table, it was more like a rehearsal at a mainland semiconductor industry conference.

On April 4, an informal meeting was held in Luzhou. The guests attending the meeting included senior executives from a number of well-known mainland semiconductor companies, including Bingxin, SMIC, AMEC, Changdian, Shangwei, North Huachuang, and Shencheng Xinyang.

Qiu Ciyun is the CEO of Bingxin. On behalf of Bingxin, he informed mainland peers in the upstream and downstream of the industry about the current situation. He also talked about mid- and long-term competitiveness and the domestic substitution opportunities brought about by this round of restrictions.

"The problems facing Bingxin are not just problems of Bingxin or its subsidiaries, but increasingly severe and intense industry problems. I hope this is also a reminder for everyone to make necessary preparations."

"Since the establishment of Bingxin, we have carried out extensive and in-depth cooperation in China, led the establishment of the Huaxia Wafer Manufacturing Service Alliance, and tried and promoted the joint development of the industrial chain."

"Ice cores are now facing restrictions, which cannot be unaffected, but we have made good progress in seeking alternative suppliers, stockpiling key components, and developing independent maintenance capabilities."

"The competitiveness of ice cores is still there, and will remain so for some time to come."

Qiu Ciyu's speech was rather broad, but everyone in the industry knows exactly what Bingxin is doing now.

Although Bingxin has lost the technical and after-sales support from some core equipment manufacturers and its yield has been affected, the production lines in various places have not stopped operating. After all, it is impossible for those manufacturers to dismantle the equipment that has already been sold.

What Bingxin needs to do now is to keep the production line running continuously and well, which requires replacing suppliers, stockpiling key components and obtaining new maintenance support.

It is said that Bingxin is actively recruiting people from abroad and has also controlled two second-hand equipment manufacturers. On the one hand, it needs technical personnel from the second-hand manufacturers, and on the other hand, it needs to maintain purchasing channels.

At the same time, looking forward from the current time point, the A/B/C lines that Bingxin has worked on in the "Huali Phase I" in the past two years have also shown their effects. It is hard not to praise its foresight, or vigilance.

Qiu Ciyun's powerful and sonorous speech on Bingxin's current situation received warm applause.

As the founder and chairman of Bingxin, Fang Zhuo naturally had to speak.

"Since the first of last month, people have been asking me questions, constantly trying to ask me various questions on various platforms and occasions."

"Ultimately, they were asking me what my attitude toward ice cores was."

Fang Zhuo said this with a smile: "I don't really understand what's so good about this question. Of course, I support Bing Xin 100%."

He said this but did not explain how it was 100%. Instead, he repeated what he had said at the Bingxin General Office, talking about the twists and turns and inevitable progress of industrial development.

"The problem that ice cores are facing now is a systemic problem, which requires everyone's joint efforts."

"I heard some very good news yesterday, which is just right for the current situation. It is said that IMEC in Belgium is considering accepting SMIC's cooperation application, and the content of the cooperation is related to the 14/16nm technology process."

"What a coincidence, don't you think?"

"With the mainland having it, the environment for international cooperation will be relaxed."

"Bingxin is determined and willing to make this international cooperation more relaxed, until one day in the future, both upstream and downstream links can compete on the same field."

"But this day cannot be waited for or prayed for."

Fang Zhuo spread his hands and said with a smile: "I can only do it myself and have enough food and clothing."

(End of this chapter)