Chapter 300: Foundry (2)
Electronics-Manufacturing-Services (EMS) is an emerging industry, which refers to the brand owner of electronic products, which generally only controls the core technology research and development and product sales, and outsources manufacturing, procurement, part of the design and logistics to manufacturers, so as to reduce operating costs, so that enterprises can focus on R&D and sales, avoid wasting energy on unnecessary things, and can also be said to spend money to buy convenience.
Sumu is optimistic about the EMS industry, because these emerging enterprises can help high-tech enterprise managers avoid dealing with production chores at the same time, but also save part of the production costs, so that the price of goods is reduced, but the profit margin is slightly increased, especially in Europe and the United States where the cost of workers is too high, which is very suitable for the development of electronic manufacturing services.
I had previously discussed with Black that the production and transportation links would be handed over to the foundry, and they were able to find ways to reduce costs, which was definitely a good thing for Penguin, as for the factories in the United States...... At present, there are enough employees to arrange them to factories that produce computer accessories, including headphones, mice, keyboards, etc., without even layoffs, and the original recruitment plan does not need to continue.
Nowadays, the overseas market is getting bigger and bigger, and some funds can stay overseas for a long time to avoid taxes, which is also a key point to consider.
Su Mu never thought that the United States would be the main market, the United States is indeed the main market, but recently countries around the world are responding to the development of the Internet, compared with the rest of the world's population, the United States market has become a small number, R & D and sales are still in the United States, and production can be moved out.
In recent years, the labor cost in the United States has become higher and higher, to put it mildly, how cheap is the labor cost in China? Based on the current exchange rate and wages, the cost of hiring American workers for a day is higher than the monthly income of the vast majority of Chinese workers.
The labor-intensive and resource-intensive enterprises in the United States are constantly moving out, and they are almost completely wiped out, all of which are caused by the high cost of hiring workers.
Don't look at the fact that many low-level residents in the United States seem to be idle all day long, relying only on handouts to make a living, it is also because there are too few job opportunities, so now President Bush Sr. attaches so much importance to the development of the IT industry and the service industry, and just after entering the White House, he called Mr. Walton, the head of the Wal-Mart supermarket chain, not because Walton provides hundreds of thousands of jobs for American citizens.
President Reagan is also so popular because he lowered corporate taxes, made the rich more profitable, made the middle class richer, and created jobs for the people at the bottom.
The tax cut plan was built on the basis of reduced social welfare and widening fiscal deficits, and President Reagan patted his ass and walked away, leaving Bush Sr. to wipe his ass, and Bush is also not a fool, and recently began to issue official bonds to let the world help pay for it......
Blake first discussed with Su Mu for a while, and then went to talk to Mr. Guo Taimin, this foundry called Foxconn, a subsidiary of Hon Hai Precision, has just been established for a few years, and its reputation is not as good as a group of American companies, this time it has made a plan, and the price is lower than that of its peers.
The reason for daring to do this is mainly that the cost of workers in Huaxia is low, and the company is also given preferential tax exemptions, there is nothing to find fault with, and it is determined on the spot, Blake is going to prepare for the wedding, Su Mu is going to go to Huaxia, and after the inspection of Foxconn, you can negotiate the signing of the contract.
Last year, I planned to go back to Huaxia to see, but I haven't been able to do it until now, and the embassy consul helped me get a long-term visa, which can be returned many times in ten years, which is almost the same as a U.S. green card, and the rich always have privileges.
The first roadshow was placed on Wall Street in New York, winning the attention of Wall Street, the stock price must not be low, and it was agreed to go in a few days, and the specific time would have to wait for Su Mu to discuss with Lily. There happened to be a roadshow planned in Xiangjiang, which was only across the river from the location of the Foxconn factory.
Lily also wants to travel to Huaxia, but now that her belly is so big, it is difficult to walk, how dare Su Mu let her take a plane for more than ten hours with her, all in all, this time she must go back, Su Mu pondered the investment plan.
He spent another $70 million on Microsoft stocks, and after he sent Mr. Guo and the others away, he thought for a while, and the loan from Morgan Bank was $300 million, and the manager learned that Sun and Microsoft's shares were used as collateral, and immediately replied that he would arrange someone to come to deal with it.
Su Mu, this is a rich man at the top of the rich list, and the manager is stupid so he doesn't lend him a loan......
I feel more and more inflated.
I learned that Mr. Larry Ellison, a playboy in Silicon Valley, bought a double-decker oversized Boeing 747 and ordered a multi-meter-long yacht.
I don't know if I don't check, I was shocked when I checked it, the two "big toys" that Ellison bought were priced at more than 200 million US dollars, which was not the most surprising to Su Mu, what surprised him the most was that Ellison also bought two MiG-29 fighters!
Perfectly interpreting the phrase "there is no place to spend money", Su Mu knows that Ellison has cashed out about $600 million one after another since the beginning of this year, and he has no doubt that he will run out of money, even if he has no money, he can use Oracle shares as collateral, and it is enough to buy ten Boeing 747s.
MiG 29, in 1983 began to deliver this type of fighter to the Soviet Union one after another, is one of the most advanced fighters today, the United States in order to get this fighter, even did not hesitate to give a high reward, there are really Soviet fighter pilots did not hesitate to take risks, flew them across the Bering Strait, received money and American citizenship, happily hid and lived.
Even this fighter can be bought, and two of them are bought, which makes Su Mu have a deeper understanding of the chaos in the Soviet Union, and suddenly can't help but feel that maybe a group of speculators, including Mr. Senna, can really go there and make a lot of money.
Now there are reports that Wall Street capitalists are wantonly looting the wealth of the Soviet Union, and the arrogant and strong "polar bear" is now almost dying, and there is no end to internal strife, and there is a blockade by the US-led NATO forces outside, and the last knife will end the decades-long confrontation between the United States and the Soviet Union, and the United States is completely in the upper hand......