What's more serious is that if Sakamoto really rejects this plan, Sakamoto knows that Elpida will immediately become a stumbling block in the eyes of the unestablished AMS, and the priority is to take out the enemy who has cleared the field at the moment.

If it is said that this AMS is doing something against SS Company, and it is still very difficult to bankrupt it, then for Elbida, which is now in turmoil, Sakamoto is really not confident that he can survive 1 year in the current situation!

There is nothing to count on from the banks, and 60 billion yen seems to be a lot of money, but it is far from enough to support Elpida until the day when the storage market recovers.

Although this choice was not the outcome that Sakamoto wanted, Sakamoto would rather take a step back than take Elpida to hell.

Compared to the personal glory and the work of tens of thousands of employees, Sakamoto would rather choose to sacrifice himself.

Moreover, this is not necessarily a very bad outcome.

Being able to stay on the throne of the world's memory for a few years, even though the majority shareholder is not Toyo Capital, also has its own meaning.

Sakamoto's mind flashed through the sea for a while.

Chandler was in no hurry.

He came here because he had studied Sakamoto's thoughts and situation in depth.

It's like he can read Medko's inner thoughts. What they really cared about, Chandler had his own judgment in mind.

That's why he got such a so-called authorization proposal through Liu Ruoyi.

This proposal is certainly not just talk. This is also Chandler's rationalization of the synergy between these companies in the future after the acquisition, and the overlapping businesses between the three companies after the merger must of course be integrated in order to truly exploit the synergies and not re-consume valuable resources.

Even including the future market division, Qimonda focuses on Europe, Spansion focuses on North America, but Erpida coordinates the Asia-Pacific region, with its own division of labor in R&D and its own sales channels.

Otherwise, the large number of people received by the merger and acquisition will be a heavy financial burden.

Liu Ruoyi was also engaged in investment banking in her previous life, and she also operated mergers and acquisitions between large companies, so she certainly knows how to optimize the merger.

In fact, in the future, MIPS and Sun Microsystems will be integrated through the model of Heungjiang, an Asia-Pacific R&D center, to empower the computer and mobile terminals to the two companies.

It's just that the size of the two companies is not equal now, Liu Ruoyi can't simply integrate directly, but through the distributed layout of the R&D center, to ensure that the two companies work in the same distributed office building, and then the sales channels complement each other, and slowly after a few years of running-in, a new whole will be formed.

Maybe a whole new company will be set up to encompass the two, or maybe it will be the integration of MIPS into Solar Microsystems. These are all options that can be considered in the future, but Liu Ruoyi is not in a hurry to start now.

She also needs to be familiar with the industry while thinking about future trends.

From her historical memory, the boundaries between mobile processors and computer processors in the future will be blurred as the performance of mobile processors develops.

Before she crossed over, data center servers developed using chips with mobile processor architecture had begun to sprout, and the current MIPS architecture itself has a very strong scalability.

So it is not a utopian dream to take into account the development of two fronts under this system in the future.

Although SPARC's system is unique in performance, it is too cost-effective to independently support the development of a system, and R&D investment is too poor.

...

"Ms. Annie, President Sakamoto has agreed in principle to negotiate a merger, but I would like to have a personal discussion with you before the negotiation. ”

Soon, Liu Ruoyi received the progress of the merger and acquisition, and Liu Ruoyi was not surprised by this result.

The current memory market has staged the last stage of survival drama in which the leftover is king.

Elpida doesn't have much money to continue playing in this survivor game, because memory is no longer an industry supported by the nation's power.

...

"Miss Annie, I have heard of the name for a long time, please take care of me when we meet for the first time. In front of Liu Ruoyi, President Sakamoto did not look like a senior, but nodded and bowed.

If it is replaced by the Warring States Period, this is to lose sincerity.

"Mr. Sakamoto, you are too polite, as an old-timer in the industry, Annie also asked Mr. Sakamoto to give advice. Please be seated, please drink tea. Liu Ruoyi maintained a respectful courtesy to Sakamoto on the surface, but in her heart she didn't think that the other party really respected herself.

They will only respect the strong from the bottom of their hearts.

...

"So, Mr. Sakamoto agreed to our plan?" After some communication, Liu Ruoyi made Chandler's promise to Sakamoto, and Sakamoto agreed to start merger negotiations.

Since Erpida is a listed company, of course, the current market value has fallen to a miserable point, and even the net assets are not enough, so in terms of acquisition pricing, it is naturally impossible to refer to the market value.

Chandler's acquisition proposal has actually been calculated after weighing Elpida's core assets and Elpida's debt burden.

However, the board of directors of Elpida has been weighing whether to get $2 billion in cash for the acquisition at one time, or choose to use a five-year deferred payment acquisition method, after receiving the first $1 billion, and then get a cumulative $2.5 billion over five years.

Considering that the deferred payment would have to wait for Elpida to make money before it could get the full $2.5 billion, Elpida's board of directors was very entangled.

In case Elpida can't get out of the quagmire on its own, in principle, they have to wait indefinitely for Elpida to make a profit and collect the money.

As for the debt, all of Erpida's current assets are used as security, and Yongxiang Bank has re-guaranteed Erpida's creditor's rights, so that Toyo's banks are not worried that Erpida will not be able to recover the loan after its bankruptcy.

This made DBJ Bank and other major creditors of Elpida greatly relieved, and then pushed this matter forward as a creditor.

Qimonda gave conditions that many potential acquirers could not give.

For example, the purchase price offered by Micron is the same as that of Qimonda, but for the debt part, Micron only agrees to settle it within the scope of Elpida's own assets.

In other words, if Elpida becomes insolvent one day, Micron will not be responsible for sharing even a dollar of debt!

This is still Micron, Hynix, who is also interested in Elpida, and they offered a price of no more than $1.5 billion, and then there is no debt guarantee either, obviously with the intention of acquiring rags.

Therefore, Liu Ruoyi's sincerity is the most sufficient.

This is also Liu Ruoyi's principle of doing business, no matter who the opponent is, try to follow the principle of equivalent exchange, of course, it is a personal ability to pick up this kind of thing with a vision, another matter.

It is precisely because of this that Liu Ruoyi's reputation in the industry is perfect.

Not to mention Chu Luo and Zhao Shaodong, who have been partners for ten years, Li Ershao, who joined Liu Ruoyi's circle in the later stage, was also amazed by Liu Ruoyi's character reputation.

Although in terms of results, Li Ershao felt that he had really missed hundreds of billions.

Penguins, for example.

For example, PCCW. Of course, PCCW is now very wise and still retains a lot of equity, with the second brilliant start of PCCW, Li Ershao still retains more than 10% of the shares in PCCW, which is worth tens of billions.

The current market value of this stock is basically the same as the market value when PCCW was thrown to Liu Ruoyi.

So for Erpida, there is a mentality of taking advantage of people's danger, but Liu Ruoyi really didn't go to the well.

In the end, the board of directors chose the second option, which required an additional $500 million.

For this result, Sakamoto actually had expectations in his heart, after all, the debt was re-guaranteed by Yongxiang Bank, in principle, they lost time at most, and it was impossible for Liu Ruoyi to sit back and watch Erpida lose money for a long time.

According to the characteristics of the periodic boom in memory, this trough period in the past has been very long, and the boom period will obviously come soon with a substantial improvement in the economy.

Relying on Liu Ruoyi's semiconductor foundry system, the production cost of Elpida's products will be greatly reduced, and the current production capacity and the production capacity of Zhongxin International have formed a superposition effect, and the sum of the two has not lost to SS company.

Coupled with the exchange and integration of the three companies in technology, the strength of research and development is to gather the top forces in the field of global memory.

What's more, Liu Ruoyi has now put the role of trader in Sakamoto's hands.

In such a situation, President Sakamoto felt that if he couldn't do it well, he could really apologize in the way of the ancients.

Everyone was on the same strategic direction, and there were no more twists and turns in this negotiation, and even if there was an unyielding wind of Oriental public opinion ready to blow, it was all pressed down by the big bosses of several major banks.

This is a debt of $5.5 billion, and who will the bank guarantee if it really messes up?

In Toyo, the chaebol behind the bank is the one who is really in charge.

...

Qimonda acquires Spansion for $2 billion.

Qimonda will spend another $2.5 billion to take Erpida!

Ms. Liu's acquisition was made in a secret but resolute manner. So after the news came out, I didn't wait for the SS company to react, and quickly implemented this matter!

When AMS opened in Xiangjiang, it announced the integration of Qimonda, Spansion and Elpida, with Sakamoto as CEO, Liu Ruoyi as chairman of the board, and Roman of Clement and Spansion as senior vice presidents of AMS, while restructuring the business scope of the three companies.

In the future, the computer memory R&D personnel of Elpida and the LPDDR R&D personnel of Spansion will be based on the Asia-Pacific R&D center as the main base, and the R&D system will be reorganized in the sub-center model established in Toyo and the United States.

R&D collaboration is based on the division of labor in the three major fields of computer memory, mobile LPDDR and flash memory.

As soon as the news was announced, the stock of SS Company plummeted by 10%!

This shows the impact of Liu Ruoyi's Asian memory semiconductor group company on the industry!

The situation of the top five in memory has quickly evolved into a new pattern in which the two heroes are tied together, and Hynix and Micron are gradually marginalized.

After the new integration, the processing plant and production line of Elpida will be handed over to Zhongxin International Xiangjiang Co., Ltd. in the form of asset transfer, becoming a subsidiary factory of the Dragon Factory, so that the Dragon Factory began to establish a sub-base in the East Ocean and the island, this layout is very conducive to the Dragon Factory to win overseas customers, such as the East Factory for European and American customers with a natural sense of trust.

At the same time, in this batch of new production capacity, in addition to most of the 40nm process production line will be responsible for the production of the existing new model DDR3 memory of Elpida, the 25nm process technology of the Toyo factory that is about to be completed is currently the strongest process in the world's memory production.

After the merger, Liang Jisong of the Dragon Factory secretly went to the East for technical observation and exchange, regardless of the risk of being recognized.

As the current technical leader of the Xiangjiang Dragon Factory, and the future will also be the superior technical leader of the Toyo factory, Liang Jisong certainly has the qualifications to understand and master.

Now there are still many problems to be solved in the 28nm process of the Dragon Factory, and the progress of the 25nm process of the Toyo Factory is said to be quite smooth, everyone is 2X technology, although the technical route of evolution is different, but now the technical progress they have made should have a good reference role for the 28nm process of the Dragon Factory and even the 22nm process technology that is being developed at the same time.

Before Liu Ruoyi's merger, she didn't know that there was this benefit, but now that she knew that there was such a good thing, Liu Ruoyi did not hesitate to directly give Toyo's factory a capital budget to expand the 25nm process process to 50,000 wafers!

With a capital investment of more than US$5 billion in the Heungjiang Dragon Factory, the 25nm process production capacity of the Toyo Plant was launched!

This greatly increased the confidence of President Sakamoto, who had just taken office at AMS, and believed that Liu Ruoyi did not fool him in this regard, and did not deliberately weaken the Oriental side, and indeed laid out in the most favorable way for the development of AMS.

Otherwise, this huge investment will be invested in the Xiangjiang Dragon Factory.

This kind of non-discriminatory approach has greatly reduced the suspicion of the management of Elpida about AMS, and real money has been invested, which not only keeps everyone's current positions, but also adds a lot of new positions, so there is no need to worry about being "optimized"!

This investment decision was extremely unexpected to speed up the process of reintegrating Erpida's R&D resources ordered by Liu Ruoyi.

At the very least, the R&D system of Elpida has greatly reduced the precaution of integrating computer storage technology and R&D resources into Qimonda's R&D system, and they are no longer worried about reducing their jobs in this area in the name of integration.

Also full of enthusiasm for Qimonda's integration of LPDDR R&D resources, Clement is the first to eat the sweetness, and the German R&D resources will be further enhanced in computer storage technology after the Orientals join.

Now the Germans are slightly behind half a step behind the Orientals in terms of LPDDR, and the integration of the past is actually more helpful to enhance their own advantages, but although Qimonda is lagging behind in LPDDR, it also has a lot of its own uniqueness, which is also very helpful for the research and development of Elpida.

Therefore, when the reintegration of this R&D resource is completed, whether it is Qimonda or Elpida, all of them feel that their strength has increased a lot.

For Qimonda, the 25nm process technology and the new generation of DDR3 memory with stronger speed that will be integrated into the hands are all strong technical support to achieve the technical advantages of the showdown with SS.

With this new process, Qimonda's GDDR5 is also expected to produce a 1.35V low-voltage version, which is obviously very helpful for further prompting the clock frequency of the video memory.

It seems that it is not a big problem to continue to maintain the leading position in GDDR5 technology, which means that in the field of video memory, Qimonda's high-end video memory still overwhelms SS company.

In terms of DDR3 memory, the advent of 1.35VDDR3 memory has also allowed Qimonda to gain a competitive advantage in notebook memory, and at the same time, it is operable to take out the strongest frequency memory of DDR3 on PC.

Ready to go, AMS is here!

In the future memory brand, there will be AMS, a brand that is destined to leave a strong mark in this time and space!