In addition to her own people, Liu Ruoyi also found Deutsche Bank's M&A experts to form a negotiation team, and because each had its own needs, the two sides quickly entered into substantive negotiations.

"We believe that, in addition to the need to preserve German jobs, 45 percent of the buyout premium is our bottom line before the date of negotiation. "After receiving the authorization of the board of directors to fully preside over the negotiations, Clement put forward the demands of the shareholders.

"Mr. Clement, if we want to keep jobs in Germany, we can afford a premium of up to 30 percent, and we need to pay a lot of money to support everyone's work in Germany to keep Qimonda running. ”

"As we all know, costs are at least 30 percent more expensive in Germany than in Asia, and we pay many, many euros for thousands of jobs. ”

Liu Ruo argued according to reason. It's right that she wants to take it, but she's not wronged.

So far, in addition to Liu Ruoyi's high-dimensional capital, manufacturers such as TI who have extended olive branches are taking advantage of the fire to rob and prepare to dismember Qimonda, TI is only interested in Qimonda's American 70nm process production line, and offers a price of $175 million to collect tatters.

Such a new production line would have to cost at least $1 billion or more to build, and this price is purely a robbery.

Of course, they also have to take over 1,500 workers, which is a lot of money when you think about it.

Only Liu Ruoyi is fully acquired and intends to retain his job in Germany, which is what makes Clement and the board behind him look out for the most.

The difficulty of dealing with the German workers is well known, and if the board of directors wants to say that they dare to risk the condemnation of the world and lose their jobs and only think about selling them for money, then they should not want to stay in Germany properly.

The negotiations reached a stalemate, and the two sides had no choice but to adjourn.

With a large team to negotiate in a foreign country during the Spring Festival, Liu Ruoyi was also embarrassed, and during the recess, she simply let everyone play in Munich like a half-holiday, and the cost company was all-inclusive, of course, everyone must keep their mobile phones unblocked.

In order to facilitate contact, the company directly equipped everyone with Deutsche Telekom's new mobile phone card, not afraid of someone shutting down the phone for the cost of international mobile phones, in these details, Liu Ruoyi is more clear than Vivian considered, especially considering that the team has engineers from the mainland, their salary burden of this international phone bill is really difficult.

Liu Ruoyi has been accustomed to being alone all over the world for so many years, and she has no feeling about where to spend the Spring Festival.

However, Vivian is obviously different, the newlywed Yan'er is in love, and when she follows Liu Ruoyi here, she naturally has a lot of reluctance in her heart.

But she also knows that this matter is very important to Liu Ruoyi.

If she hadn't stepped into the pit of semiconductor foundry, Liu Ruoyi would have no interest in the chip industry.

Not only is the industry too far from her specialty, but it is also too economical. Five years is basically just an investment period, and whether it can be profitable depends on God's will.

The recess did not last long, and as a member of a company that entered bankruptcy proceedings, President Clement was obviously more anxious than Liu Ruoyi.

After restarting the negotiation process, Clement proposed his new plan, raising the cash purchase premium to 35 percent. The board of directors of Qimonda then proceeded to secure a subsidy of at least 300 million euros from the state of Saxony.

Although this new offer is a bit expensive, Liu Ruoyi is still inclined to accept it, but in terms of the specific packaging of the company's assets, Clement proposed to share the intellectual property part with Infineon's parent company.

"Miss Annie, the representative of Infineon, the parent company of our Board of Directors, proposed that Infineon share Qimonda's intellectual property rights in the next five years, and we hope that this clause will be included as an additional clause in the acquisition agreement. Clement suddenly suggested as he was about to end the negotiations.

"It can't be. ”

Liu Ruoyi categorically refused, this is a hooligan, the most valuable thing in the whole Qimonda in her opinion is this intellectual property right, and it is still discounted, this can't be endured.

"We acquired Qimonda as a whole, of course, including all the assets including intellectual property, as part of Qimonda's assets, and if Infineon wants to use the intellectual property rights in the future, it must negotiate and license them at the market price. ”

Intellectual property rights cannot be compromised, and if Infineon wants to use it, everyone will settle it according to the market license price, and it will never be restricted, but it must come out with money.

"Mr. Clement, we have made significant price concessions at great cost, and I hope that you will keep your promises, otherwise we will have to withdraw from the negotiations. ”

Liu Ruoyi neatly put forward an ultimatum to the other party, and Liu Ruoyi had to pay at least more than 4 billion euros for the entire purchase and packaging price, and she had to support thousands of workers in Saxony, and Liu Ruoyi had paid enough.

Clement looked at Liu Ruoyi with some embarrassment, and to be honest, he also felt that the old men of the parent company were too taken for granted.

The other party's premium acquisition is still a discounted thing, and it is impossible to think about it on the toes, although the golden phoenix from the east has a lot of money, but it is obviously not a fool.

"I will give you your feedback to the board of directors of the company. Clement said with a sneer.

This is just a trick of asking for money on the spot, Clement has no psychology to win, and after being rebounded by Liu Ruoyi, Clement retreats into advance.

The negotiations are close to being reached, for Infineon and the representatives of Saxony, no one wants to let go of this unjust boss who is willing to take over, with the current price of memory granules, Qimonda has to lose at least 200 million euros a year, and it is obvious that no capital in Germany is willing to take over.

As for the offers from TI, Elpida and Winbond, they only offer some of the offers that they are interested in, such as TI only wants to take over the factory in the United States.

Elpida and Winbond are eyeing Qimonda's technical talents and intellectual property patents. For them, it is ideal to completely dismember the competitor Qimonda and take the essence of the opponent into their own hands.

If it can't escape the fate of asset spin-offs, then Qimonda will never have a chance to re-enter the memory market, in other words, the Germans are completely out of the memory market.

The beneficiaries are clearly Japan, South Korea and Treasure Island, which are still struggling to support themselves.

And the Germans lost their pants to the point that they were gone.

From a technical point of view, Qimonda now has the world's best video memory GDDR technology and production line, as well as world-class DDR computer memory, and even in terms of processing technology, its own research and development of 46nm process Buried Wordline technology has been successfully developed.

If there is enough money to inject it, Clement believes that Qimonda will get back on its feet one day.

Of course, he doesn't know if he can see this day, when the acquisition is over, the management and the board of directors will be reshuffled, and Clement, as the general of the defeated army, will most likely have to find a way out.

However, Clement didn't expect that when saying goodbye, Liu Ruoyi found an opportunity when no one was there and said a few words softly.

"Mr. Clement, if the acquisition can be completed, I hope that Mr. Clement can continue to lead Qimonda and rediscover the path of Qimonda's phoenix nirvana. ”

Liu Ruoyi said this softly and quickly, but Clement clearly heard it.

He paused in his steps, and although he left without saying anything, it was obvious that he already had a different inclination in his heart.

...

...

The ensuing negotiations continued to be a bit tormented, and although the board bosses were just as anxious, the German-style pace of work meant that the weekend off must be off.

Fortunately, the negotiations were in the final stages and, in order to reassure the guests, Clement arranged a tour of the factory in Saxony.

Liu Ruoyi's delegation went to the factory in Saxony together, which was different from what everyone expected.

The bankruptcy filing did not affect the work of the workers, and Liu Ruoyi still saw a German-style factory with rigorous work and no compromise in work.

However, the engineers from Jinhai Zhongxin International were very interested in the 46nm process Buried Wordline technology developed by Qimonda itself.

Jinhai Zhongxin International's most advanced process technology is still 90nm, 65nm is just under research, for this breakthrough to 50nm process, obviously ahead of them.

These engineers have not visited the 45nm process production line of Xiangjiang Dragon Factory, after all, although the brand is one, the controlling shareholders of Jinhai Zhongxin International and Xiangjiang Zhongxin International are not the same.

The signed technology sharing is only for the R&D level, and there are few such opportunities for the original OEM memory engineers who followed Liu Ruoyi.

"Tan Gong, if you are interested in this, have you considered transferring to Qimonda to work for a period of time in the future, and then return to Zhongxin International to guide production?"

Liu Ruoyi looked at this engineer of Zhongxin International so persistently pulling the Qimonda engineer to ask, and said to him in Chinese with a smile.

Tan Rui was stunned for a moment, he was seconded, and the boss didn't explain more things, thinking that he would be over after the negotiation was completed.

I didn't expect to meet Liu Ruoyi poaching.

"Is this okay?" Tan Rui asked after a pause. Several other engineers who came to support him also pricked up their ears to listen to Liu Ruoyi's answer.

Honestly, they all want to work here for a while, after all, it represents a world-class leader in memory production.

Not to mention anything else, if you come to work for a period of time and go back to brag, you can brag for a few years.

What's more, they saw how rich Liu Ruoyi was, and the funds for the acquisition were converted into RMB, which was almost 50 billion yuan!

They knew that Liu Ruoyi was very rich from the Internet, but they definitely didn't expect it to be so rich, you must know that this is just an investment by Liu Ruoyi.

In Zhongxin International, including the mainland and Xiangjiang, Liu Ruoyi has smashed more than 100 billion yuan!

"Of course, in the future, the high-end memory production line and factory will be in Germany and Xiangjiang, as for the reason, everyone understands, the process of Xiangjiang Dragon factory is only higher than here, and it will continue to iterate to catch up with the world's most advanced process. ”

"Germany is limited to the agreement and the source of technology for two major reasons, will continue to iteratively update, but the scale will not increase, the future update process equipment eliminated after the process, including you see, is estimated to be eliminated in about three years to the mainland Zhongxin International, for large-scale mass production of ordinary types of memory. ”

"Whether you can make money in the future depends not only on whether the R&D and process level here can lead, but also on whether your large-scale mass production efficiency can kill the competitors on the Korean side. ”

It is rare to communicate his plans with others, seeing Tan Rui and his entourage thirsty for knowledge, Liu Ruoyi knows that these engineers are his future dependence, maybe the chief engineer of memory production in the future, the factory director will have to rely on these people to support him.

So Liu Ruoyi revealed her plan a little.

Tan Rui and his entourage heard Liu Ruoyi say this, and their enthusiasm suddenly surged into their hearts, "Mr. Liu, what do you say, we will do it, it's hard to say in three years, but if we hand over most of Qimonda's memory to us for production, we will inevitably catch up in five years at most, and both the yield rate and production cost will surpass that of the Goryeo gang." ”

They are not more than 30 years old young people, from many top universities in the mainland, with a big dream to join Zhongxin International, although the reality has given them a blow to the head, has been almost behind the recent two generations of technology with competitors PK, but now still has not lost confidence.

The reason is very simple, Zhang Rujin told them that there is a rich woman named Annie in Xiangjiang, who is fully supporting their career, and is ready to use the huge price of five years to upgrade Zhongxin International's process to the world-class level and enter the mainstream semiconductor foundry in one fell swoop.

"Do a good job, funds, equipment, technology are not a big problem, I will create conditions for everyone as much as possible. ”

Tan Rui and the others nodded vigorously, this business trip not only earned a lot of subsidies, but also a personal allowance of 300 euros per person per day, which is not a small supplement for these people, so there is no problem in staying here during the New Year.

The most important thing is to see new hope, although Liu Ruoyi's answer to them is not a formal promise, but it also makes everyone's blood boil again.

The visit to the factory is just a adjustment for the negotiation, and the real chapter still depends on the bargaining chips in the hands of both parties.

Liu Ruoyi now has a lot of cash in her hand, so she can survive.

Qimonda is bleeding every day, and the bankruptcy procedure will really enter the liquidation stage after a certain period of time, and it will not be easy for anyone to speak according to the law at that time.

Shareholders are naturally net worth and losses, not to mention, after the liquidation to employees and state taxes, everyone knows how much is left.

The workers are even more miserable, the semiconductor processing industry in Germany is not sustainable in the first place, and the opportunity to find suitable jobs after this batch of layoffs is almost equal to zero in this financial crisis.

So Liu Ruoyi didn't have to wait long, and the Infineon director on Qimonda's board of directors had to give in.

The two parties reached an acquisition agreement on the 16th day of the Chinese New Year in 2009.

Highway Capital won Qimonda at a cost of nearly 5 billion euros