Chapter 312: The Swallow in the Xie Family Hall

March 5th, the fifteenth day of the first lunar month, is the Lantern Festival.

At noon, ingeniously shaped lanterns of various colors are hung inside and outside the courtyard, setting off the auspicious and festive atmosphere of the red doors and green tiles.

In stark contrast to the festive atmosphere, the alleys outside the high walls were unusually deserted with no pedestrians or vehicles. Wang Ningguo compared the address on his mobile phone and pushed open the half-open door in a daze.

Walking into the courtyard and passing the screen wall, the view suddenly opens up. The courtyard, corridors and gardening landscaping create an independent little world hidden in the city, but it is still unpopular.

In the deep courtyard, an absurd thought flashed through Wang Ningguo's mind. If the remnants of the Eight Banners of the Qing Dynasty had the chance to come here, they would probably shed tears, support their waists, raise their thumbs and say - you can vaguely see some of the style of our ancestors.

"Dr. Wang? This way."

The door of the side room in the front hall was pushed open, and a man with fleshless cheeks, drooping eyebrows and a sad look stood at the door and greeted: "Luzhou Xinhai Fund Zeng Shixiong, Mr. Xie is busy, please wait for a moment."

"Hello."

Wang Ningguo behaved in a reserved manner and nodded slightly, then walked forward with steady steps to shake hands. His eagle eyes glanced around the furnishings in the room, pausing for a moment on the treasure grid, and then looked at the little girl who was looking around bored.

“This is my daughter.”

Zeng Shixiong passed the question over vaguely and switched to polite greetings: "I have heard of Dr. Wang since I started working at TSMC. Later, I saw you from a distance several times at industry events. It is a pleasure to meet you today."

"Really? You used to work at TSMC? I seem to have a vague impression of you." Wang Ningguo said in a light tone.

Zeng Shixiong smiled sincerely and said, "I worked at TSMC and Samsung successively. Every time I attended an event, I sat in the audience while you were on the stage."

The flattery eased Wang Ningguo's depressed mood a little. He couldn't help but become a little interested. He put on a good face, said a few humble words, and returned the favor by praising the little girl for being so well-behaved.

Since his meeting with Xie Jingxing failed, he immediately rushed to Luzhou. Unexpectedly, he kept hitting a wall for many days and the biggest leader he met was actually the deputy general manager of a local urban investment agency.

There was no other choice but to think of going to the local university to force a name, and rely on academic reputation to maintain face.

As a result, universities either haven't started yet or are busy all the time after starting, leaving no time to organize lectures for the respected "King of Chinese Semiconductor Materials."

Just when Wang Ningguo was about to doubt his life, he received an invitation from Xie Jingxing to host a Lantern Festival banquet. He reluctantly decided not to discourage the young man and returned to the capital from Luzhou to keep the appointment.

"Mr. Xie didn't say when he would come?"

After waiting for half an hour, he couldn't help but think of the full-price first-class ticket he had grabbed after spending two hours on the ticket booking app on his phone.

The world is becoming more corrupt and people's hearts are no longer the same as they used to be. The young generation is so arrogant and rude. The seniors spent tens of thousands of dollars to buy the plane tickets, but their kindness is really wasted.

"Mr. Xie has been very busy recently. The formation of the fund team and many fundraising and investment work cannot be done without him."

Zeng Shixiong had to try his best to calm down and appease the man: "Let's wait a little longer. Mr. Yu Nian from China Merchants Capital will also be here."

"Oh, Xiao Zeng...it seems that Mr. Yu from China Merchants Financial Investment has a very special relationship with Mr. Xie?" Wang Ningguo changed the subject and joked with interest.

Zeng Shixiong himself didn't know the inside story, so how could he reveal any useful information to him? He just politely agreed, "China Merchants Capital is an important LP of Xiyou Capital. Mr. Xie and Mr. Yu have always had a good relationship."

"Then why did she come here today?" Wang Ningguo was not giving up.

Zeng Shixiong was even more at a loss for words. Three days ago, he went to Luzhou for an interview and did not even have time to go through the employment formalities. He hurried back to Beijing to study the ISSI acquisition project and made a professional analysis report to President Xie in person.

After that, I was busy with the onboarding process and doing industry research in the field of memory chips. During this period, I also had to take care of my elderly father who had just been transferred from the ICU to the general ward and my daughter who was about to take the Central Conservatory of Music's art exam.

He was also confused when he was dragged here today. He thought his daughter was brought here for a family dinner for the holidays, and wanted to thank Mr. Xie for helping him to smooth the way for the art exam.

"Where is Xie Jingxing?"

While the two old men were looking at each other in silence, Yu Nian pushed the door and walked into the study.

Wang Ningguo responded first: "It seems that you are busy. Mr. Yu, please take a seat first."

"What is he busy with? I called him but he didn't answer." Yu Nian frowned suspiciously.

Zeng Shixiong looked at Wang Ningguo, as if to say, "If you can take over the conversation, then come up." The latter blinked his eyes in disappointment, and the three of them fell into a new round of waiting.

Another half an hour later, footsteps were heard and Yuan Jin appeared at the door: "Mr. Yu, Mr. Zeng, Dr. Wang, lunch is ready, please follow me."

She walked in front, leading the way, her shoulder-length hair fluttering in the wind, with a slightly damp fragrance emanating from the ends of her hair.

Yu Nian followed behind and sniffed with a strange expression on his face. Zeng Jiayue also rolled her eyes around, secretly guessing that he had just taken a shower.

Mr. Xie is busy, maybe he is busy with her?
The two old men, Zeng Shixiong and Wang Ningguo, were completely unaware of what was happening and were chatting about interesting things happening in the chip industry recently.

After passing through the winding corridor, we arrived at the restaurant. The waiters from the door-to-door chef team cleared the area and left. A simple family lunch without any alcohol looked quite cordial and warm.

"Sorry, I just finished my work. Please feel free to sit down."

Yu Nian and the other three had just sat down when Xie Jingxing arrived with a cheerful voice. Concubine Pei was wearing a simple home outfit of shirt and trousers and followed beside him.

Zeng Jiayue's eyes lit up. She caught a glimpse of her father's reserved smile from the corner of her eye. She barely suppressed her excitement and stared at the hottest young actress.

First there was "Lost in Thailand" and then there was "So Young". The combined box office of the two movies was nearly 20 billion yuan, and in between there was also a TV series "Where the Wind Is" with a viewership rating of over 2.5%.

As an art exam candidate, Zeng Jiayue, like her teacher Dong, holds a higher status in Concubine Pei's heart than Xie Jingxing.

"Today is the Lantern Festival, so we are not drinking alcohol when we have dinner together."

A girl's feelings are always poetic, while the conflicts of interests among adults are like balls of wool. Xie Jingxing rolled up his sleeves and started the conversation with a casual chat.

Zeng Shixiong saw Concubine Pei sitting next to her daughter with a smile on her face, and Wang Ningguo's inquiring eyes full of surprise. His throat suddenly felt sour, and a warm feeling flowed from his heart into his stomach, causing waves.

He clenched his hands under the table. He knew that Mr. Xie was trying to win people's hearts, but he couldn't refuse. This was probably the most powerful way to win people's hearts.

How to repay?
"Mr. Zeng has contributed very professional risk control to our subsequent M&A projects since he joined Xinhai."

Xie Jingxing concluded very directly: "So it turns out that in advanced manufacturing such as semiconductors, industry experts are indispensable."

"Dr. Wang, your professional status in the Chinese semiconductor industry is unquestionable. I very much hope to cooperate with you and work together to make some contribution to the domestic chip industry." Zeng Shixiong tightened his clenched fist. He respected Dr. Wang, but if the other party's joining Xinhai affected his position within the fund, they would have to discuss another way of getting along.

Mr. Ma is a shrewd and wise man. Wang Ningguo can guess what Xiao Zeng, who came to the banquet with his family, is thinking at the moment just by squinting his eyes. Maybe he has professional ability but his vision is too poor.

You think everyone is like you, willing to be inferior to others and shed blood for a little favor.

The old senior is teaching you a lesson today. Watch carefully and learn well. He didn't even look at Zeng Shixiong, and said with a slow smile: "Mr. Xie, you are too kind. You are doing venture capital and mergers and acquisitions to contribute to the semiconductor industry. I am also contributing to the semiconductor industry by doing patent inventions. We have different divisions of labor."

"The M&A project that Xinhai is currently involved in is ISSI, a foreign automotive storage chip company. In the future, we plan to guide it to settle in Luzhou, so as to enter the entire storage chip industry."

Xie Jingxing said to himself: "This project lacks a leader. If Dr. Wang is willing to join, you can develop patent inventions while we can do venture capital. Our contribution will be greater than the sum of our parts."

Wang Ningguo's calm aura stagnated, and he sat up straight without realizing it.

"I think it's not for me to make the final judgment on whether it's an exaggeration or not."

Xie Jing Xing paused for a moment and finally said softly: "Let's move forward and leave our merits and demerits to future generations to judge."

"Mr. Xie...you are so generous. I am short-sighted. I have to punish myself with a glass of tea instead of wine. Cheers to you." Wang Ningguo sat upright, picked up the big teacup and poured it into his mouth.

Zeng Shixiong loosened his clenched hands. Didn’t we agree on a division of labor? Where is your modesty and reserve? !

Yu Nian and Pei Fei were also stunned by the generosity and unrestrainedness of the 70-year-old man. That was two taels of hot tea, not two taels of liquor. The fact that he could drink it right away made them admit that he was worthy of being a leading figure in the industry.

Xie Jingxing raised the corner of his mouth: "Dr. Wang, please don't be polite, drink slowly."

"..."

Concubine Pei was stunned and speechless. Zeng Shixiong shook his cheeks and silently watched Wang Ningguo's hand pause visibly as he was about to put down the teacup, but then he held it steady until he finished the whole cup of tea.

Yu Nian sighed quietly. It was hard for him to imagine what happened to this old senior after he went to Luzhou. His desire for power was really outrageous.

"Mr. Xie, what is the current status of the ISSI project? Based on your attitude, I am willing to contribute whether I join or not."

Wang Ningguo put down the cup and wiped the water stains from the corners of his mouth, suppressing the physiological reaction of hiccups, deceiving himself and maintaining the last bit of decency.

Who is Zeng Shixiong? He has been in the industry for more than 30 years, but he was a mediocre person unknown to him before today!

Now, he is actually influencing the merger and acquisition venture capital projects of a trillion-dollar industrial fund. He is qualified to sit at the same table with him and be addressed as a family member by Xie Jingxing. His daughter is an art exam candidate and is accompanied by a popular female star.

Looking back at the treatment I received when I went to Luzhou alone, is there any justice in the world, is there any law in the world?

They are all talented in both literature and martial arts. Zeng can transform from an old hen into a duck and become a swallow in the mansion of the rich and powerful. So can he, the king of Chinese semiconductor materials.

Dr. Wang gritted his teeth and made up his mind to sell himself to the "young master of the Xie family" in this old noble mansion!
"The ISSI project is a collaboration with Zhaoxin Technology. We will first establish a new chip company in Luzhou, and then Beijing Silicon Semiconductor will complete the acquisition of ISSI chips, and then we will acquire Beijing Silicon Semiconductor as a whole."

Xie Jingxing explained in detail with satisfaction: "At the same time, Jingcheng Silicon also includes all the assets of Jingcheng Shansheng Semiconductor. This transaction is quite complicated. Zhu Yiming from Zhaoxin Technology and Chen Zhibin from Huachuang Xinyuan will come tonight. Let's talk about it together."

"So you mean that I will be responsible for the establishment of a new chip company in Luzhou after the successful multi-party merger and acquisition?" Wang Ningguo confirmed.

Xie Jingxing was speechless for a moment, his fingertips tapping the tabletop. Yuan Jin stepped forward silently, removing the teacups in front of the people one by one and refilling them with water before bringing them back.

Upon seeing this, Concubine Pei whispered something to the little girl beside her, and the two outsiders, one big and one small, walked hand in hand and happily left the table first.

"Mr. Zeng, please tell Dr. Wang about the business relationship between ISSI and Zhaoxin Technology." Xie Jingxing did not give a direct answer but started the conversation again.

“ISSI’s core supplier Nanya Technology indirectly competes with Zhaoxin Technology’s main business.”

Zeng Shixiong said solemnly: "In short, after Jingcheng Silicon completes the acquisition of ISSI, there is a risk that they will oppose us + Zhaoxin Technology taking over ISSI."

"Suppliers oppose mergers and acquisitions of their client companies? This is extremely rare and almost nonexistent in the global chip industry." Wang Ningguo's first reaction was to refute. He had been in the industry for more than 50 years and had never seen such an operation. It was simply nonsense.

He tilted his head to look at Xie Jingxing and Yu Nian for confirmation, and they both responded by shaking their heads in silence.

"Nanya Technology accounts for 30% of ISSI's business orders, and currently there is no foundry in China that can manufacture chips for ISSI's core business."

Zeng Shixiong became increasingly depressed. He had been doing research these past two days, mainly focusing on finding accurate data from a financial perspective for verification.

The hard data hit him in front of him, and Wang Ningguo opened his mouth but no sound came out.

If Nanya Technology refuses to do OEM, it will not only destroy 30% of ISSI's business orders, but also the entire ISSI.

So from the perspective of Xinhai + Zhaoxin Technology, what reason is there to acquire ISSI, as long as they are not idiots.

Moreover, there is no foundry in China that can replace Nanya Technology and take over ISSI's OEM production orders. Even if there is, it will take two to three years of production quality adjustment and debugging to gradually replace it.

The decline in chip quality during this replacement cycle is enough to make ISSI suffer in the market sales end. After all, consumers have no reason to buy chips with quality below the market average and pay for the negative costs for your company.

Supply chain, industrial chain... The outrageous situation of suppliers influencing the business decisions of their clients, which is almost unheard of in the world, has become a cold and icy risk that is very likely to happen in Zeng Shixiong's words... simply because there are no sound upstream and downstream industries in China...

"Then do we...Xinhai have to cooperate with Zhaoxin?"

Putting all his thoughts aside for the moment, Wang Ningguo tried to solve the problem from Xinhai's perspective.

Xie Jingxing shrugged helplessly: "Zhaoxin is the only leading memory chip company in China."

"But their main business, flash memory, and ISSI's dynamic storage are two different technologies. Even if they are both dynamic storage, there are many technical implementation paths."

Wang Ningguo made a fair assessment, but he did not simply trick Xinhai Fund into acquiring ISSI alone without Zhaoxin Technology because he was eager to gain power.

Xie Jingxing suddenly smiled, raised his eyebrows and nodded: "Yes, there are many technical implementation paths in the field of memory chip-dynamic memory, such as Qimonda, the world's second largest dynamic memory supplier that has already died."

"Are you talking about acquiring Qimonda's technical patents?" Wang Ningguo didn't react at first.

Zeng Shixiong, who was a financial merger and acquisition expert, was the first to wake up. His thoughts suddenly became clear and he looked at Xie Jingxing with admiration.

Yu Nian pursed her plump red lips with mixed feelings. The more she got to know this guy, the more she felt that he was a real evildoer. Until now, she couldn't tell whether she envied Yu Tong more or was jealous, which made her provoke him again and again.

(End of this chapter)