Chapter 0858
"Mr. Wu, I heard that you have the idea of starting your own business recently?" Li Rui asked.
Wu Jinping was surprised.
Even Pan Chunxiao and Zhang Zhengxue looked at Li Rui in surprise, wondering why he suddenly asked this question.
Wu Jinping was stunned for a few seconds and said dryly: "Where did you hear the news?"
Li Rui said: "It's not what you heard, it's a guess. You stepped down as CEO last year and rarely appeared after you became chairman. I think something is wrong. Moreover, the comrades who started your business together turned away one after another. I think you might be tired of it, right?"
Wu Jinping did not answer.
Zhang Zhengxue said in surprise: "Lao Wu, what Xiao Li said is not true, right?"
Wu Jinping sighed and said, "I do have the idea of being free from the sacred world..."
In 2001, Wu Jinping returned to China with a team of 37 returnees, founded Zhanxun Technology, and developed a mobile phone baseband chip with independent intellectual property rights.
In the ten-year entrepreneurial journey, there have been troughs and highlights. He once won the first prize of National Science and Technology Progress, took the lead in developing the TD-Scdma mobile phone chip and led the company to the Nasdaq to ring the bell. That was the most glorious time of Zhanxun.
But more often than not, Zhan Xun is struggling. The TD chips they developed cost hundreds of millions of yuan but have no market. The acquisition of quorum, a radio frequency chip company in Magnesium, has no profits. They are suppressed by MediaTek in the market and their stock prices are always sluggish.
After the market for counterfeit machines fell, Zhan Xun's life was even more difficult. After the stock lock-up period ended last year, Wu Jinping's entrepreneurial comrades left one by one, and he also lost his position as a CEO, leaving only the false title of chairman.
He did not have many days left for Zhan Xun.
This time he came to find Pan Chunxiao was his last effort for Zhan Xun. If he failed, he could only wave his sleeves and not take away a cloud.
"If you leave, what are you going to do?" Zhang Zhengxue asked reluctantly. The two of them were comrades who had shared hardships together. He couldn't help feeling a little disappointed when he heard the other party's departure.
Wu Jinping smiled and said, "I'm too tired from doing business, so I might go to invest. Xiao Li, we may be our fellow travelers in the future!"
There was a little unwillingness hidden in his smile.
Otherwise, what else can he do? He is no longer the young man in his prime and passionate ten years ago, and he has never changed his spirit of the old mountains and rivers.
Li Rui said: "Mr. Wu, are you just giving up the career you love like this? In fact, Xiaguo's chip industry needs you."
Wu Jinping said: "There is no banquet that will never end. Zhan Xun has better people to manage now, so I really can't always occupy a position. If Zhan Xun needs me in the future, I will come back..."
Even the blind man could see that he was insincere.
Pan Chunxiao sighed lightly: "This is the cruelty of business."
Li Rui said: "Mr. Wu, you can actually stick with it. If you need it, I can help you."
In 2014, the chip industry ushered in major benefits. The National Integrated Circuit Industry Fund with a scale of 100 billion was established, focusing on investing in the integrated circuit chip manufacturing industry, taking into account chip design, packaging and testing, equipment and materials industries, and implementing market-oriented operations and professional management.
Key enterprises in every industrial chain involving chip manufacturing have received fund investment and have ushered in major development and changes.
At that time, Wu Jinping had already stayed away from this industry, and as a pioneer, he did not enjoy the dividend era that should have belonged to him.
Pan Chunxiao said: "Lao Wu, Li Rui wants to show his strength in the chip industry. You, an old senior, can take him with you."
Wu Jinping smiled bitterly and said, "I can introduce some people in the company to you, and I can't help you with too many other things. To be honest, I don't have much say in the company."
He was so sincere that he could admit his predicament so frankly.
Li Rui said, "But you still have the equity of Zhan Xun. There are still some executives from the entrepreneurial period in the company, right?"
Wu Jinping didn't know why Li Rui asked this, and nodded and said, "I still have about 7% of the shares..."
Li Rui said: "If I acquire Zhan Xun, will Mr. Wu stay or continue to lead it forward?"
Wu Jinping was stunned: "You are acquiring Zhan Xun? Hahaha, Zhan Xun is a magnesium-share listed company. Although his operating conditions have been poor in the past two years, his market value is 700 million to 800 million magnesium."
Li Rui said: "I am currently the actual controller of Luye Culture, a magnesium listed company. I am also acquiring another magnesium listed company, Kuliu, and it is not impossible to acquire Zhansun."
Pan Chunxiao smiled and said, "You don't have to doubt it. I can testify to Li Rui for this matter."
Wu Jinping and Zhang Zhengxue were both dumbfounded.
Li Rui is young and is actually the actual controller of a magnesium listed company!
Wu Jinping's heart was like a stagnant, and he said with a little excitement: "Do you really have the strength to acquire Zhan Xun?"
"I will consider it about one billion magnesium." Li Rui said.
In 2013, Shuimu Guanghua acquired Zhan Xun for 1.7 billion magnesium, and spent 900 million magnesium to acquire another chip company, Rediko, and established a new company Zhan Rui.
The new company has been in a trend of impacting MediaTek's status for a period of time, but there are too many internal problems. The merged companies have not formed a joint force of one plus one or two. Instead, they are trapped in the quagmire of inefficient development due to chaotic internal management and disordered process system.
The companies acquired by more than 2 billion magnesium are full of chaos in development projects, complicated marketing costs, and inability to integrate the supply chain system. This has caused dissatisfaction among many customers to the outside world. The senior executives on both sides compete for power and profit, the senior executives above do not act, and the employees below are confused.
Various defects have led to Zhanrui being able to make low-end products, and the mid-to-high-end product line has been out of range, and it has completely lost its competitiveness in the 4g era.
Later, Zhanrui was affected by the huge debt crisis of the holding company and its development was difficult...
A company that once had great development potential wasted its best opportunity in the most critical era. Is it time and life?
If you haven't met Wu Jinping, Li Rui wouldn't have the idea of swallowing the elephant, but since you have met him, how can you know if it's okay if you don't try it?
If Zhanxun Technology can really be swallowed up and avoid the mistakes in the past life, coupled with the Freescale technology and lithography machine acquired by Li Rui, and the joining of the Hydra team, Huaguo's chip industry will definitely have a different result in the future, right?
Wu Jinping's appearance also reminded of something that was forgotten by Li Rui.
If you remember correctly, Zhan Xun should be targeted by the mixed-up in July this year and then emerged from a very large V-character market.
If you can accurately grasp this wave, Li Rui can use the money you earned from Zhan Xun to acquire Zhan Xun!
Chapter completed!