Chapter 427: Lion City National Investment Promotion Bureau and EDBI Company

GIC company has a good reputation, and Director Zheng Yingjie is often exposed to many chip projects.

But after all, they are separated by mountains. Although they have a professional analysis team that studies the semiconductor and electronics industry, the information they have is definitely not as comprehensive and timely as industry experts like Dr. Zhang, and the height and depth are not at the same level or the same amount. class.

Therefore, for Zheng Yingjie, how could he miss such a good opportunity to consult and learn.

Having been immersed in the semiconductor industry and top companies in the industry for nearly two decades, no matter how beautifully packaged the monster semiconductor project is, it will immediately reveal its true form after being diagnosed by Dr. Zhang’s sharp eyes!

Dr. Zhang's analysis and answers are always so spot-on and to the point.

After some analysis, Zheng Yingjie marveled:

"Dr. Zhang, thank you so much. I used to feel confused when sitting in a conference room or in front of the computer, listening to or reading industry analysis reports and business plans. But now after your simple analysis, I immediately feel enlightened! If you can , I want to become your teacher!”

At this time, Li Xiaofan took the opportunity to ask Zheng Yingjie a question:

"Director Zheng, if there is a world's most advanced eight-inch wafer foundry project similar to TSMC's recent investment in the United States, and it is located in Singapore, would your company be interested in participating in the investment?"

Zheng Yingjie did not answer directly, but first explained:

"Director Li, the main responsibility of our GIC company is to manage Singapore's foreign exchange reserves and maintain and increase the value of these precious foreign exchange reserves through investment. Generally speaking, our GIC prefers overseas investment, while our brother company Temasek Holdings We prefer investments in Singapore, focusing on government-backed projects. For example, the Chartered Semiconductor project is invested by Temasek..."

Li Xiaofan asked:

"Then why was your company able to invest in my Pacific Online Bookstore project in the first place?"

"Well, Director Li, please listen to me. I just explained that our GIC company is responsible for maintaining and increasing the value of foreign exchange reserves, so we are very concerned about local Pacific Online Bookstores like yours, which may be listed overseas in the future. Yes, because these projects can bring considerable profits, and the returns are all foreign exchange! ”

"Mr. Zheng, I probably understand what you mean. In other words, if the future goal of this wafer foundry project is to be listed overseas, your GIC will be more interested, right?"

"Yes, of course, specific projects will be analyzed in detail. Director Li, vigorously developing the semiconductor industry is our national policy in Singapore. If there is indeed a good project like WaferTech invested by TSMC in China, our GIC company will definitely be interested. Even if we don't invest, , will also recommend them to Temasek Holdings..."

After finishing speaking, looking at Dr. Zhang and Li Xiaofan in front of him, as well as Academician Ni who came from the mainland, Zheng Yingjie suddenly wanted to understand something and asked:

"Director Li, from what you said, do you want to invest in a wafer project?"

Li Xiaofan smiled and said: "Haha, we are in the process of planning, but we haven't said anything about it. It's not convenient to reveal more information now. Mr. Zheng, when the project matures next time, I will come to visit you to communicate!"

"Okay, Director Li, if there is such a good project information clue and needs to be communicated with our Singapore Economic Development Board (EDB), I can help, I am quite familiar with them..."

The Singapore Economic Development Board (EDB) mentioned by Cheng Yingjie is affiliated with the Ministry of Trade and Industry of Singapore. Its main responsibility is to be the leading agency responsible for formulating and implementing Singapore's business and investment strategies, and to help strengthen Singapore's position as a global hub for business and investment.

In layman's terms, the Singapore Economic Development Board (EDB) is like Singapore's National Investment Promotion Bureau, similar to the Investment Promotion Bureau of the Ministry of Commerce in mainland China.

During the entire process of Singapore's economic take-off, the Singapore Economic Development Board (EDB), which is responsible for the investment promotion function, played an important role in it!

"Okay, Mr. Zheng, after I go back to Singapore, I want to talk to EDB..." Li Xiaofan said happily.

"Then next time you go back to Singapore, I can introduce you to Mr. Qiu, the managing partner in charge of investment at EDBI Singapore!"

At this time, Dr. Zhang interjected: "Mr. Zheng, is the EDBI company Qiu you are talking about always called Peter Qiu?"

"Yes, it's Peter Qiu, Dr. Zhang, are you familiar with him?"

"Of course I'm familiar with him. I've been dealing with him for two years!"

The exchange between the two of them confused Li Xiaofan and asked curiously:

"Boy, what's going on with EDBI?"

Zheng Yingjie introduced Li Xiaofan:

"Director Li, EDB Investments, abbreviated as EDBI, is called Singapore Economic Development Board Investment Pte. Ltd. in Chinese. It is also called Singapore Economic Development Betting Company. It is an independent investment institution under the Singapore Economic Development Board EDB. The purpose of this company is to invest To promote and catalyze the competitive growth of Singapore's new industrial clusters and strengthen existing economic affairs..."

Before Zheng Yingjie finished his elegant explanation, he was interrupted by Dr. Zhang with a smile:

"Let me explain. Simply put, this EDBI company is a platform for Singapore to participate in investments on behalf of the Singapore government or the Economic Development Board EDB when it introduces major strategic projects!"

After listening to this, Zheng Yingjie gave a thumbs up:

"Dr. Zhang, I'm ashamed. Your Chinese explanation is much better than mine. I'm ashamed of myself!"

Then, he asked curiously:

"Dr. Zhang, how do you know so much about EDBI? How do you know Mr. Qiu?"

"Haha, Mr. Zheng, you may not know that I have been in Singapore for two years. I was responsible for the wafer fab construction of the TECH memory project. The EDBI you mentioned is one of the shareholders of this TECH project!"

The TECH project settled in Singapore that year was a joint venture project established by four companies. The T in TECH stands for Texas Instruments, the E stands for EDBI under the Singapore Economic Development Board, the C stands for Cannon, and the H stands for HP.

After Dr. Zhang and Zheng Yingjie's explanation, Li Xiaofan finally understood what EDBI was. This company played a role similar to the government industry guidance fund in the mainland before his rebirth.

Li Xiaofan thought about it again. EDBI's participation has advantages and disadvantages. If enough funds can be raised, it is more flexible to retain a purely market-oriented investment entity.

As the saying goes: If you eat someone's food, you will be grateful; if you take someone's money, you will be soft-handed. The government's money is not so easy to take...

From the perspective of market-oriented operation, it is more appropriate to let Temasek Holdings or GIC participate.

Moreover, in Li Xiaofan's mind, the ideal place for the chip project that he cooperated with Dr. Zhang to be listed in the future is the same as in the previous life, and the most suitable place is the Hong Kong Stock Exchange.

In case of any storm, Hong Kong Island is a suitable safe haven. Moreover, Hong Kong Island is a free trade port, and funds can flow in and out freely.

In this way, the best partner should be GIC.

After Zheng Yingjun left, Li Xiaofan and Dr. Zhang discussed the division of labor for some preliminary preparations for the project again...

And Academician Ni next to him became the witness of this project invisibly.

Although the first chip project planned by Li Xiaofan and Dr. Zhang could not be placed in the mainland, Academician Ni was still very excited. This meeting tonight was of great significance and fruitful results.

...

The next morning, Li Xiaofan accompanied Academician Ni and his party to San Francisco and began their inspection trip to projects such as OmniVision Technologies and NVIDIA.