Is SMIC a mainland enterprise or a foreign-funded enterprise? Why are all pilots from Taiwan Province Province? Today, the strategic planning gunman will talk about this matter in detail.
The trademarks of SMIC are mainly two companies, one is the parent company SMIC (Shanghai) Co., Ltd. and the other is the subsidiary company SMIC Holdings Co., Ltd. The parent company is responsible for production research and development, and the subsidiary company is responsible for market management.
The types of enterprises in the industrial and commercial materials of these two companies all say "sole proprietorship by foreign legal persons", which seems to be foreign-funded enterprises. What does it have to do with China?
This is about SMIC's shareholding structure. When SMIC started, it was full of twists and turns. Its founder Zhang Rujing, with the enthusiasm of serving the country, wanted to set up a factory in Chinese mainland according to his father's orders. However, due to American policy restrictions, he can only use the curve method. He first registered a company in Cayman Islands as a foreign investor, set up a factory in Shanghai, and then listed in the United States and Hong Kong.
At first, in order to raise money, Zhang Rujing's mother took advantage of her church background and asked five American churches to endorse her, and assured the US Department of Commerce that the future chip products would only be used for industrial and civilian purposes, and would not be used for military purposes. In this way, she obtained investment from five overseas capitals, including Walden International, Handing Asia Pacific, Goldman Sachs Capital and Xiangfeng Capital. Later, Zhang Rujing * * raised $654.38 billion+$480 million. At that time, foreign investment accounted for about 20%. The following figure shows SMIC's early shareholding structure.
In 2004, when SMIC was listed on NASDAQ, the largest shareholder was Shanghai Industry, a state-owned enterprise founded by the Shanghai Municipal Government. At that time, the shareholding ratio reached 65,438+03%. In 2009, due to a patent dispute that lasted for several years, SMIC, which was constantly entangled by TSMC, finally reached a settlement with TSMC, and TSMC acquired an 8% stake in SMIC.
In 20 10, SMIC conducted a new share placement, raising 1 billion dollars. Since then, Datang Telecom has become the largest shareholder, holding 14.3%, Shanghai Industry is the second largest shareholder, accounting for 8.7%, and TSMC is the third largest shareholder, accounting for 6.9%.
20 1 1, SMIC introduced strategic investment, and China Investment Co., Ltd., a large state-owned enterprise in China, invested in SMIC for 250 million US dollars, accounting for 0/1.6% of the shares, replacing SIC as the second largest shareholder. At this time, the top three shareholders of SMIC are all state-owned capital.
On 20 13, SMIC issued convertible bonds again, and Datang Telecom and CIC raised prices again. At this time, the share of Datang Telecom is close to 20%. In 20 15, China established the National Integrated Circuit Industry Fund, with the goal of supporting the development of domestic semiconductor enterprises. SMIC became the first batch of support objects.
At the end of 20 15, the state integrated circuit industry fund subscribed for 4.7 billion new shares of SMIC, holding 1 1.58%. In 20 16, the top three shareholders of SMIC were Datang Telecom, accounting for 17. 16%, National Integrated Circuit Industry Fund, accounting for 15.95438+0%, and Ziguang Group, accounting for 9.35%.
After years of operation, SMIC's major shareholders are all state-owned capital, and foreign capital accounts for less than 5% of the shares, but this does not affect the enterprise type positioning at the time of registration. Then, some people will ask, why does SMIC introduce a large amount of state-owned capital? This should start from two points.
First, Zhang Rujing's original intention of founding SMIC was to serve the country, and one of his corporate missions was to "upgrade China's semiconductor industry", so he didn't want SMIC to be finally controlled by foreign capital from the bottom of his heart.
Second, SMIC has always hoped to find a large state-owned electronic enterprise with a strong government background to become a shareholder. Because according to China's national conditions, the participation of large state-owned enterprises is beneficial for SMIC to enjoy more preferential treatment and priority support in winning major industrial funds and supporting policies for national "863" and "Eleventh Five-Year Plan" projects.
So, to sum up, at present, SMIC is a suitable chip enterprise that can represent China. No matter how complicated its background is, it will be dominated by China people themselves, because Taiwan Province people are originally from China and Taiwan Province people are patriotic. We should give them more opportunities. Please clap for them, too!