Rebirth 76: Industrial Internet Empire

Del Prado continued: "This is also puzzling. After thinking about it, there may be only one reason. Qianhai Asset Management is actually an asset management company. After the Japanese stock market crash, Qianhai Asset Management also acquired A large number of equity interests in companies on the verge of bankruptcy will be revitalized and then sold!"

Martin van den Brink smiled bitterly and said: "So, in the eyes of Qianhai Asset Management, Asmail is also a company that is on the verge of bankruptcy, but can still be saved?"

Del Prado continued: "No matter what, if Qianhai Asset Management wants to revitalize Asmail's assets, it must first help us raise funds from the capital market. If the 157-nanometer lithography machine cannot make a breakthrough, no matter how good the pie painting is, it will not matter." Yes, now is not the time to cash out in the capital market just by adding a com domain name suffix!"

Martin Vandenbrink pondered for a moment and then said: "We can't control that much! Whoever can get us R&D funds now will be Asmail's bread and butter. It's useless to say anything else! What a pity, in the end The Zhiyuan Group, which is willing to burn money, has not taken a fancy to us, otherwise we might really have a chance to compete with Nikon in the future!"

…………

After completing the contract with Philips, Li Heping made a request to convene a shareholders' meeting to Del Prado, currently Asmail's largest shareholder.

The first shareholders' meeting after the change of Asmail's major shareholders was held as scheduled:

"Dear shareholders, Asmael's current predicament mainly stems from the technical bottleneck of the 157-nanometer lithography machine and the lack of follow-up R&D funds..." Martin Vandenbrink got straight to the point after briefly introducing the company's financial situation. said.

Li Heping stood up and said with a smile: "First of all, I very much agree with Asmail's achievements in the field of lithography machines in recent years, from the launch of pas2500 to establish a foothold in the field of lithography machines to the improved pas5500 lithography machine , once gave Asmail hope to overthrow the Silicon Valley Lithography Group (SVGL), and even had the opportunity to compete with lithography machines such as Nikon and Canon. Mr. Martin van den Brink took the greatest credit! As a new shareholder of Asmail, I propose to convene a shareholders’ meeting to solve the difficulties faced by the company. If you have any ideas, you can speak freely..."

Li Heping's words made the company's core team feel good. This kind of employer is what the company's management wants most. He does not ask questions, only solves problems, and respects all the efforts of the core team...

"Mr. Li, what do you think? Qianhai Asset Management chose to acquire the equity when Asmail was in the most difficult time. He must have thought about the countermeasures in advance, right?" Del Prado's most urgent thing is to find out. Qianhai Asset Management’s intention!

Li Heping chuckled and said: "Then I will throw some light on it! Asmail's top priority is to solve the problem of R&D funding first. The 157-nanometer technology bottleneck is not only a difficult dilemma for all high-tech companies, but also a standout. Opportunity, everyone will hit their heads in front of the 157nm wall, and whoever breaks through the wall first will replace Nikon and become the new overlord in the field of lithography machines!"

"Replace Nikon? If only it were so easy to break through 157nm..." There was a lot of discussion in the conference room.

In the eyes of many people in the industry, Nikon is an invincible myth in the field of lithography machines. They occupy almost half of the market share of lithography machines. The first choice of all large wafer fabs is mostly Nikon...

"Mr. Li, do you have a specific financing plan?" Del Prado asked after waving his hand to signal everyone to be quiet.

After Li Heping thought for a while, he said very humbly: "Whether Asmail can overtake in a corner requires the joint efforts of everyone here. I am a layman in the production of photolithography machines, but in terms of financing, I believe Qianhai Asset Management can To bring enough help to Asmail, Qianhai Asset Management will use its influence to raise funds from the capital market and lobby some leading chip manufacturing companies to buy Asmail's shares, form a community of interests, and obtain While providing a large amount of R&D funds, we can also tie chip manufacturing companies to our tank!"

Li Heping's words won the house again. This move was very clever. Under the same conditions, who wouldn't give priority to purchasing products in which he has shares?

The shareholders' meeting almost unanimously agreed to the plan proposed by Li Heping, agreeing to dilute 15% of the equity again at a valuation of US$20 billion, and obtain US$3 million in financing from the capital market and chip manufacturers!

Under Yang Mo's instruction, Andy Investment, Shida Semiconductor, Xima Integrated Circuit Company and multiple affiliated companies participated in ASML's current round of financing, and suddenly secretly held 42.08% of ASML's shares. Non-tradable stock equity!

The buyer's reverse shareholding, coupled with the increase in Qianhai related accounts' holdings in the secondary market, Asmail's stock price bucked the trend and rose, becoming one of the few bright spots among the lifeless Nasdaq technology and Internet stocks!

Li Heping also used this series of magical operations to win the recognition of all shareholders and management teams...

Before leaving Veldhofen, Li Heping met again with Martin Vandenbrink and Del Prado.

Del Prado knew very well that while Li Heping helped Asmail solve the capital chain dilemma and open up financing channels, he had actually obtained a controlling stake in the company. As long as he wanted, he could kick himself out as the nominal major shareholder at any time. Fortunately, Qianhai Asset Management has never interfered with the operations of its affiliated companies!

"Before I leave, I made a special appointment with you to discuss Asmail's development plan. I wonder if you two have any specific plans?" Li Heping asked straight to the point.

"With this R&D funding, we can fulfill our original promise and establish a lithography machine production plant and R&D center in the United States, so that we can continue to stay within the "euvllc" organization and at the same time start the development of 157-nanometer lithography machines. Research, so that we won’t be seized by other lithography machine giants!” Martin Vandenbrink said confidently.

Del Prado also nodded and said: "I agree with Martin's plan! It is indeed very important for us to stay within the "euvllc" organization, so that we can use the power of the American Semiconductor Alliance to compete with Nikon and Canon. EUV is indeed One of the unknown directions for the development of lithography machines, it is especially important for us to know for the first time whether this road will work!"

What runs throughout is ASML’s excellent grasp of technical paths and almost endless investment in R&D.