In the context of increasingly fierce global scientific and technological competition, the chip industry has become an important yardstick to measure a country's scientific and technological strength. As a leading enterprise in China's home appliance industry, Gree Electric Appliances, under the leadership of Dong Mingzhu, is investing in the wave of chip research and development with unprecedented determination and strength. The "50 billion chip dream" she proposed not only carries the ambition of Gree Electric to transform into a high-tech enterprise, but also pins on the hope of the rise of China's semiconductor industry. However, with the news that Gree Electric has reduced its stake in Wingtech Technology, the market began to question whether Dong Mingzhu's chip dream can continue. In this article, China Exportsemi will try to deeply explore the background of the cooperation between Gree Electric Appliances and Wingtech Technology, the impact of the shareholding reduction event, and the future development of Dong Mingzhu's chip dream.
The background of the cooperation between Gree Electric Appliances and Wingtech Technology
As early as 2018, Gree Electric joined hands with Wingtech Technology to jointly invest in the semiconductor field. Gree Electric invested 3 billion yuan to help Wingtech Technology acquire Nexperia Semiconductor in the Netherlands, which is regarded as an important step for Gree Electric to enter the semiconductor industry. Through this cooperation, Gree Electric not only obtained the technical support and supply chain resources of Nexperia, but also expanded its own layout in the semiconductor industry chain.
However, the semiconductor industry is a field with high technical thresholds, long investment cycles, and high risks. Although Gree Electric has strong financial strength and brand influence, it has relatively little technology accumulation and market experience in the semiconductor field. Therefore, the cooperation with Wingtech Technology is both an opportunity and a challenge for Gree Electric.
The change in the market value of Wingtech Technology and the reduction of Gree Electric
In recent years, affected by the global economic situation and the volatility of the semiconductor market, the market value of Wingtech Technology has experienced significant fluctuations. Especially after the lifting of the ban, its market value once fell by more than 70%, which brought huge investment pressure to Gree Electric Appliances. Faced with this situation, Gree Electric chose to reduce its stake in Wingtech Technology to alleviate financial pressure and optimize its investment portfolio.
Although Gree Electric's shareholding reduction has reduced its shareholding in Wingtech Technology to a certain extent, it has not completely given up its layout in the semiconductor field. On the contrary, after reducing its holdings, Gree Electric Appliances focused more on independent research and development and technological innovation, and strived to promote the rapid development of the chip business.
Dong Mingzhu's chip dream and the achievements of Gree Electric
Dong Mingzhu once publicly stated that even if he invests 50 billion, he will succeed in the research of chips. This declaration reflects her firm belief in the chip industry and Gree Electric's determination to transform into a high-tech enterprise. Under the leadership of Dong Mingzhu, Gree Electric has achieved remarkable results in the field of chips.
According to public data, Gree Electric's chip business has achieved rapid growth in recent years. In 2023, Gree Electric's chip business will achieve revenue of about 10 billion yuan, a year-on-year increase of about 50%; The net profit was about 2 billion yuan, a year-on-year increase of about 100%. These data show that Gree Electric's chip business has begun to take shape and has become a new growth point for the company.
In addition, Gree Electric has also made a number of technological innovations and breakthroughs in chip research and development. For example, the air conditioning control chip independently developed by Gree Electric has been successfully applied to a variety of products, realizing precise control and high efficiency and energy saving of the air conditioning system. This achievement not only enhances the product competitiveness of Gree Electric, but also makes a positive contribution to the development of China's semiconductor industry.
Picture: Where will Dong Mingzhu's chip dream go?
The future development and challenges of Gree Electric's chip dream
Although Gree Electric has made certain achievements in the field of chips, it still faces many challenges and difficulties to realize the "50 billion chip dream".
First of all, the semiconductor industry is a highly competitive and fast-changing field. As global technology giants have increased their investment and layout in the semiconductor field, Gree Electric needs to continuously improve its technical strength and innovation capabilities in order to remain invincible in the fierce market competition.
Second, the semiconductor industry needs long-term stable investment and continuous technology accumulation. Gree Electric needs to form a complete industrial chain and ecosystem in R&D, production, sales and other links to ensure the sustainable development of the chip business.
Finally, Gree Electric also needs to respond to changes in domestic and foreign policies and market environment. With the intensification of global trade protectionism and geopolitical risks, Gree Electric needs to pay more attention to the dynamics and policy changes of the international market, and adjust its strategy and layout in a timely manner.
Epilogue
The market value fell by more than 70% and the ...... of Wingtech Technology was reduced These events have undoubtedly brought certain impacts and challenges to Dong Mingzhu's chip dream. However, Gree Electric's firm investment and remarkable achievements in the field of chips give us reason to believe that Dong Mingzhu's chip dream is not an unattainable fantasy. In the future, with the continuous progress of technology and the gradual maturity of the market, Gree Electric is expected to make more brilliant achievements in the field of chips. At the same time, this strategic move will also inject new vitality into the development of China's semiconductor industry and promote the transformation of Made in China to Created in China.
