Silicon Valley

PS: First of all, I want to repent. I have something to do today. I didn’t expect to be back until the evening because I was busy. I didn’t have time to code. I only wrote more than one chapter. I will work overtime tonight to write another chapter. There will be nothing to do tomorrow, I will make up for it all day long! Readers, please forgive me.....

For a company to IPO and successfully go public, it takes several months or even half a year of preparation work. It is necessary to conduct roadshows all over the United States, publicize the company, tell the public about the company's advantages and potential, and increase investors' confidence! ! During this period, the IPO needs to find a suitable underwriter to cooperate and sell the stock!

For an IPO, the role of the underwriter is very important! As an "old fritters", the underwriters have rich experience and can play a guiding role to help the company develop its strengths and avoid weaknesses!

Generally speaking, when a company is ready to go public, it is impossible for investment institutions or companies to subscribe for your shares just after reading a prospectus of the company. In this process, some links need to be communicated, explained, and defended, and these require the underwriter to play a role in it!

The more underwriters, the more people help to sell shares, which is very willing for companies that are about to go public! The more companies subscribe for shares, it means that the company is good and worth investing in!

Of course, there will also be companies taking the initiative to come to the door to subscribe for shares! ! !

And this kind of listed company is basically a very powerful company, and its shares will definitely be robbed by everyone after listing! ! !

Just like Qualcomm! ! !

Qualcomm announced that it would go public the next day, and as a result, hundreds of companies around the world sent out subscription requests to Qualcomm! At the same time, the top 50 investment banking institutions in the United States expressed their desire to be underwriters! ! !

Underwriters are naturally not for nothing, they have to charge commissions. The more successful the IPO, the more the underwriters make!

The cdma technology launched by Qualcomm has become a wireless communication standard, and then, the cdma chip was launched, making a lot of money! Moreover, the cdma network in the United States is gradually becoming popular, and the influence of Qualcomm is increasing, and the profit will rise! Obviously. Once Qualcomm goes public, its stock price will definitely rise! ! !

When it comes to making money, which company doesn't want a piece of the pie?

so. Companies who want to be underwriters and companies who want to subscribe for shares are here...

There was a lot of excitement inside Qualcomm, and the company launched equity incentives, allowing employees to subscribe for some shares according to their own contributions and working years! After the company goes public, many millionaires will be born. multimillionaire...

In the corporate office, Owen Jacobs is meeting the underwriters!

This time, the underwriters Irving Jacobs hired were banks.

And banks are actually the most powerful and qualified to be dealers. They have business dealings with many companies and understand the accounts of these companies! Not everyone can subscribe for shares, first of all, the company must have money. Second, you have to be influential!

Nouveau riche buy your stock and Warren Buffett buy your stock. Can this be compared? Obviously not! ! !

This time Qualcomm intends to hire three banks as underwriters.

The first one must be Williams Bank, as the main underwriter.

The other two banks are banks that have a good relationship with Henry, one is Goldman Sachs and the other is Bank of America.

These two banks are very strong banks!

Goldman Sachs Group, founded in 1869, is one of the oldest and largest investment banks in the world, providing a wide range of investment, advisory and financial services to the world, with a large number of multi-industry clients, including private companies. Financial companies, government agencies and individuals!

Bank of America is a holding bank controlled by a California consortium. In terms of assets, it is the largest commercial bank in the United States. The establishment of the bank can be traced back to the Bank of Massachusetts in 1784, and it is the second oldest bank in the United States!

Compared with these two banks, Williams Bank is slightly inferior. If Williams Bank is not Henry's property, then the lead underwriter will not choose Williams Bank...

Irving Jacobs had a long conversation with representatives of the three banks, mainly on the dos and don'ts of going public.

Qualcomm's IPO is "the first time a big girl gets on a sedan chair". Owen Jacobs and others don't know how to operate it, so naturally they need professionals to come and give pointers! This talk is a whole day!

Irving Jacobs not only has to prepare for going public, but also to build a fab.

Since the news of Qualcomm's application for listing on Nasdaq has spread, naturally, it is not difficult to build a factory with empty gloves. After Qualcomm goes public and raises money, it has money to pay, and it doesn't matter if it owes money temporarily! What's more, Qualcomm is a subsidiary of Cisco, the subsidiary has no money, and the parent company...

So, Owen Jacobs chose a piece of land in Monterey County, California, where he wanted to build a large fab!

Monterey County is located on the Pacific coast, south of the San Francisco Bay Area, and is also relatively close to Silicon Valley, an hour or two drive away! The famous Pebble Beach Golf Course is located in Monterey County. It is also good to play golf after work.

After Owen Jacobs explained the listing to the employees under the company, he came to the California government and wanted to take this land! Because the administrative division of the United States is completely different from that of China, the president cannot control the governor, and the governor cannot control the mayor. In San Jose, if you want to get land, you can directly find the mayor. Monterey, on the other hand, belongs to a county in California and is not divided into cities. If you want to buy a large amount of land, you can only find the California government.

After Owen Jacobs made it clear in the future, the California government agreed to Qualcomm's request without much thought. Qualcomm's establishment of a fab will play a significant role in promoting the development of California, increase revenue, and provide a large number of employment opportunities!

Although Qualcomm does not have enough money to pay for the time being, Qualcomm has money to go public and raise money...

Wafer refers to single-crystal silicon wafers, which are extracted from ordinary silicon salad. According to its diameter, it is divided into 4 inches, 5 inches, 6 inches, 8 inches and other specifications. The larger the wafer, the more silicon wafers can be produced on the same wafer, which can reduce the cost, but requires higher material technology and production technology! ! !

The current mainstream technology level is in the 6-inch specification. In the 1990s, when the 6-inch fab transitioned to an 8-inch fab, South Korea took the lead in the global DRAM memory industry by replacing Japanese manufacturers with the production capacity advantage of nine 8-inch fabs!

Qualcomm wants to build a fab, of course, it is best to build an 8-inch fab directly! The establishment of a 6-inch fab is obviously compared by Samsung...

So, we must build an 8-inch fab!

After the establishment of the fab, of course, the packaging factory must also be established at the same time.

The fab is called the front-end process in the semiconductor industry, and the packaging factory is called the back-end process in the semiconductor industry. In simple terms, a fab is the production of silicon wafers and integrated circuits on monocrystalline silicon wafers. Then the packaging factory will thread the needle and lead it, package it and add the outer shell to the finished product, which can be used!

Generally speaking, after packaging, it needs to be tested to see if this product will work, what are the defects or areas that need to be improved...

At present, there are many companies specializing in chip testing in the world!

(To be continued ~^~)