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Chapter 594 Fang Nian: I Can Define the Future (Repair)(1/3)

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………………

Outside the Spreadtrum Center building.

Li Li sent Lu Weiyu and his entourage into the car with a gift and left, exhaling quietly.

A senior executive next to him said: "Mr. Li, we sold three of them at this time..."

Another person answered: "The design department has little impact on the company's current development."

"Yes, controlling product quality is more critical now, and the design department's tasks are relatively light."

"TD..."

"The research and development of TD can be said to be completed. Now it is nothing more than the debugging stage. The main issue is whether it can be produced and shipped next year."

"Besides...the third department is really not that important. All the talents introduced from internationally renowned companies are concentrated in the first and second departments."

"..."

Li Liyou waved his hand and interrupted the discussion among the executives: "Okay! The decision to sell is my statement and everyone agrees, and we all understand the reason!"

As he spoke, he expressed emotion: "To be honest, I don't want to sell the team, but... Frontier has given us too much!"

"It's equivalent to 70% of last quarter's profit. We can use this capital to form 10 new three-part companies!"

At the end of the speech, Li Liyou's tone was obviously much more exciting.

"With this funding, the shipment of 40nm TD chips in the first quarter of next year has the greatest guarantee!"

Li Liyou's words were the final word.

As expected, all the executives shut their mouths.

Even though Li Liyou has been focusing on streamlining his troops and streamlining his administration since he took office as CEO. In more than a year, there has been no unimportant team. This package sale of three design units is a slap in the face.

But when the executives thought about it carefully, they really couldn't blame Mr. Li.

real!

Don't blame him!

He is right!

If they were in this position, they would still be tempted.

It’s not that we don’t care about our employees, nor is it that the three departments are not important at all.

It’s really...

Frontier has given too much.

So much so that Li Liyou didn't even want to show off his attitude of "raising the price from the ground up".

According to Li Liyou, Frontier’s bid this time is at least a 30% premium!

after all……

China is not the only one making mobile phone chips with Spreadtrum.

Not only Spreadtrum has multiple chip design teams...

Xue Si drove out of the science and technology park in his Mercedes-Benz and did not go directly back to cutting-edge innovation.

Instead, go all the way to Yangpu.

On the way, Lu Weiyu made simple arrangements: "Let human resources prepare in advance. With Mr. Li's cooperation, I hope that many of the former Spreadtrum Chip Design Department 3 will join Luzhou Baize Laboratory."

"Okay, Mr. Lu." Xue Si nodded repeatedly.

Not long after, Mercedes-Benz sent Fang Nian and his party to Yangpu Wujiaochang.

After watching Mercedes-Benz leave, Fang Nian smacked his lips and sighed solemnly: "Mr. Lu is so domineering in his work."

"Really?" Lu Weiyu raised her eyebrows slightly, slightly pleased.

"..."

…………

…………

When he walked into the office, Guyu had already returned.

Fang Nian looked up and down and asked with a smile: "How was the conversation today with Mr. Gu?"

Gu Yu has calmed down: "Fortunately, with the information given by Mr. Shi, I have an intuitive understanding of the Yuxin era;

According to the data evaluation, the pre-money valuation is 8 to 9 million, and an investment of 5 million should be exchanged for more than 35% of the shares;

The communication with Mr. Wang is also relatively smooth. Once the final share ratio is determined tomorrow, we should be able to sign the agreement."

After listening to Guyu's report, Fang Nian said calmly: "It must be done tomorrow. A company like Yuxin Times does not have much potential at the moment. There is not much difference between 35% or 40% of the shares."

Although Gu Yu was puzzled, he still responded: "Okay."

Seeing this, Lu Weiyu smiled and added helpfully: "Mr. Fang hopes that you will go to Luzhou with me the day after tomorrow."

"Luzhou?" Gu Yu was stunned, "Has the acquisition of Spreadtrum's design department been completed?"

Lu Weiyu nodded: "Basically."

"The price has been negotiated. Tomorrow will be enough time to complete the preliminary docking. The day after tomorrow we will go to Luzhou to officially put the Baize laboratory into operation in order to receive the Spreadtrum team and new employees."

Now there are only three or five big and small cats in Luzhou, and Bai Ze's office has not been officially opened.

After all, it was only officially rented last month and renovations were arranged.

After hearing what Lu Weiyu said, Gu Yu blinked and was a little surprised: "So easy?"

On the side, Wu Fucheng interrupted: "The purchase price is 90 million."

The tone was a bit emotional, but also a bit puzzled and doubtful.

Gu Yu was stunned, eyes straight, and subconsciously said: "So that's how it is..."

Wu Fucheng thought about it again and again, and finally asked his doubts: "Is it because our preliminary information is not in place? The purchase price is a premium of about 30%."

Wu Fucheng and Gu Yu were responsible for the information and due diligence. Of course he knew that the packaged evaluation price of the three units of Spreadtrum Design was around 65 million.

Gu Yu also reacted and his expression became solemn.

Seeing this, Fang Nian waved his hand: "That's not the case, it's just like the Xiong Factory, exchanging money for time."

Before Wu Fucheng and the others could react, Fang Nian immediately said: "The main price increase will make Mr. Lu more domineering."

"That's not what you said this morning, right? Mr. Fang!" Lu Weiyu said she would not take the blame.

Fang Nian waved his hands and said nonchalantly: "Don't mention the things that have passed. Anyway, Mr. Lu is domineering."

Lu Wei said: "?"

Fang Young coughed twice and had to explain a little more: "There is a premium, I guess. It is said that only three patents are licensed. In fact, with this layer of connection, all Spreadtrum's TD achievements can be used."

"..."

You can't say that after burning hundreds of billions, our country alone has bankrupted several chip companies' TD-SCDMA. Its fruits are basically in the hands of Spreadtrum, right?

Spreadtrum's design is ranked third among the three, which is obviously not as good as the first and second parts. The acquisition price given by the third-party organization is also three lower than one or two.

However, the participation of the three companies in the work on TD chips is pretty good.

So the premium doesn't matter much at all.

certainly……

Fang Nian knows better that the fruits of TD are really not that many, that is, there are many mobile users.

Anyway, it will take several years to transition from 3G to 4G. Drinking some soup can make up for the extra 20 million spent now.

Just think of it as cutting through the mess with a sharp knife.

If Spreadtrum fails, there will not be many companies to look for in the future.

If this goes around in circles, I guess I will have to go to Wanwan to talk to MediaTek in the end.

It’s so frustrating that Baize Laboratory really won’t be able to start work until next year!

It’s really expensive and time-consuming.

Then again, Gu Yu and Wu Fucheng had been busy for several days and asked a third-party agency to do a due diligence assessment. There were not many companies that really had something to offer.

Otherwise Guyu would not give priority to recommending Spreadtrum.

Spreadtrum may not be the most powerful mobile phone chip company in China, but it is the most suitable choice for cutting-edge innovation at the moment.

That’s why Fang Nian decided to acquire it at a premium without hesitation...

…………

Seeing that the atmosphere in the office was a bit quiet, both Gu Yu and Wu Fucheng were lost in thoughts about their own affairs.

Fang Nian had a change of thought and stood up first: "You can't concentrate on your work like this. Let's go to the opposite side to work out and chat with you on the way."
To be continued...
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