Chapter 530: Harsh Conditions
Lee Tae-hee really wanted to slam the door and leave, but he really didn't dare, the current SS Semiconductor is not only the market share, the overall situation is not very good, and it is actually very important for SS Semiconductor to spend more than two billion dollars to win the production capacity of Hynix.
With this strong production capacity in hand, SS Semiconductor dares to have the confidence to continue to compete with AMS.
The expansion of new production capacity is not so easy, if you want to start building a new production line, not to mention anything else, just the main equipment, the order cycle will take 2 years to be in place!
So Liu Ruoyi was able to pick up the corpses of the memory industry on the island and made a lot of money, at that time, it was Liu Ruoyi's high bid, and the funds on the SS side were a little unable to keep up, thinking that the opponent should not spend such a price, and the double misjudgment led to the production capacity changing hands.
But this Cui Daoyuan's asking price is too ruthless, and the current Hynix is really not worth this price.
Seeing that Cui Daoyuan looked like a mountain that was unmoving, Lee Tae-hee's blood pressure tended to rise a little.
"Dowon, SS Semiconductor is not in a situation now, and there are indeed difficulties in terms of cash flow, 2.5 trillion won in exchange for a few years ago, but now we are at war with AMS, and every penny is being carefully calculated. ”
Lee Tae-hee suppressed the anger in his heart and said with emotion.
"Understood, I really understand your position very well, Brother Taixi, so I have another proposal, we merge SS Semiconductor with a price of 2.5 trillion shares, so that if the two of us merge through a share exchange, there is no need for additional consideration in terms of funds at all, this is perfect, isn't it? Brother Taixi!"
Choi Do-won looked really reasonable, which made Lee Tae-hee want to beat people even more.
Of course, the Choi family has long had ambitions for SS Semiconductor and has joined a part of the shares, but now their shares are still bearable for Lee Tae-hee, after all, it is not detrimental to the controlling stake.
But now, if the Cui family's shares in Hynix are exchanged for SS Semiconductor, then they will immediately become the second shareholder of SS Semiconductor!
Although Lee Tae-hee is confident that he can still control the overall situation, he is already old and has not been in the position of chairman for a few years, and although his juniors seem to be shrewd and capable, Lee Tae-hee always feels that they are missing something.
A group of people who grew up in a greenhouse, everyone has a set of scandals and headlines, and one is more worry-free than the other!
If the evil wolf of the Cui family is introduced, it is really uncertain whether SS Semiconductor will be surnamed Li or Cui in the future.
Although the second generation surnamed Cui also has a lot of bastards.
Now that he has said it, the surname Cui is already considered to be a poor dagger, and he will either take over at a high price, or let them infiltrate.
It's just that Lee Tae-hee doesn't want either of them.
If there was a third option, Lee Tae-hee would definitely not hesitate to choose.
"It's okay, Brother Tae-hee, this is a major event between the two companies, Brother Tae-hee can come down and think about it again, Brother Tae-hee is the pride of our Korean memory industry, and he will definitely figure out how to do it is the best choice." Choi Do-won saw that Lee Tae-hee didn't speak, so he comforted him with a fake smile.
"Daoyuan, business doesn't do it this way. If you push me too hard, I'm embarrassed to help with SK's loan. Lee Tae-hee said fiercely.
In terms of syndication, the Li family is the king behind the Korean syndicate, otherwise how could it be that in the past few decades, SS Semiconductor has so much money burned into it, and they don't have a master like Liu Ruoyi, who can call for wind and rain in the international financial market like an ATM.
Cui Daoyuan's face changed, this is his seven inches, although the Cui family ranks third among the Goryeo gates, but the financial syndicate is their disadvantage, compared to the Zheng family.
Goryeo has become a gatekeeper in business, who can only succeed by relying on the will of the state, and the most fully embodied will of the state is the syndicate.
The Li family is really in a hurry now, ready to turn over the table.
"Brother Tae-hee, it's not you who said that. Choi Do-won put away his smile. "If this is the case, I will apply to the Blue House to thoroughly check the safety of bank loans!"
Although Cui Daoyuan knew that most of the power of the syndicate was in the hands of the Li family, after all, these were the important weapons of the country, and it was impossible for the Li family to cover the sky with one hand.
In terms of the number of loans, who is now comparable to the Li family.
If you really tear your face, the Cui family is not speechless in the Blue House, and it's a big deal to give in and go out to get some cheap Zheng family people.
Lee Tae-hee's face turned red, and he didn't know if it was because of his blood pressure or something else. Li Jiancheng next to him hurriedly approached his father.
"Father, don't fall for Uncle Daoyuan's scheme. Li Jiancheng whispered.
"If they really want to merge, we'll merge at the same market capitalization of the two companies as they are now. This is the right thing to do, and we can submit this request to the Blue House. ”
After all, Li Jiancheng has followed his father for many years and has experienced so many things as the vice president of SS Company, so he still understands this countermeasure.
"Let's talk about this today, and then we will come down and submit the plan of merger and share exchange between the two parties to the Blue House for adjudication!"
Lee Tae-hee listened to his son's words and nodded.
Forcibly suppressed the dissatisfaction in his heart, turned his head to Cui Daoyuan and said, "Daoyuan, since we have different positions, then let's postpone the discussion." ”
After saying that, Lee Tae-hee got up and prepared to leave.
Cui Daoyuan was stunned for a moment, instinctively feeling that something was wrong. But now that the situation is complicated, he has no good idea for a while, so he can only let the Li family go.
However, in the following time, Cui Daoyuan visited several major loan banks of the Cui family for the first time, on the one hand, under the guise of future capital planning, on the other hand, he also began to knock on the side to inquire whether the Li family began to exert pressure.
Fortunately, the Li family seemed to have retreated from their position and did not stumble on the Cui family in terms of the syndicate.
This made Cui Daoyuan breathe a sigh of relief.
However, soon, new news came from the Blue House and the press office that the Choi family did not expect.
In order to save Hynix, which is now in turmoil, SS Semiconductor is willing to replace Hynix's shares at the same price as the average stock price of the market in the past 20 days.
This plan was very much appreciated by the Blue House, believing that it was a strong responsibility for SS Semiconductor and a blessing for Hynix shareholders.
Sure enough, as soon as the news came out, Hynix's sluggish stock price began to rise! Most retail investors think that this is a big positive, compared to the weak Hynix, SS Semiconductor is at least much stronger now.
Obviously, after the share exchange, everyone can get greater benefits.
In contrast, the stock price of SS Semiconductor is a bit flat, and it is obvious that shareholders feel that eating Hynix is not a good thing for SS Semiconductor.
After all, Hynix has a lot of debts, and it was also in a state of loss last year, and it is a loss after half a year this year, and I can't see how long it will take to get out of the quagmire of loss.
Although industry experts say that demand for memory has recovered, this year is up more than 10 percent from last year, and the price is likely to be recovered by nearly 25 percent.
But none of this seems to have much to do with hynix.
The production capacity released by AMS has allowed the main market space of Hynix's core products to be almost completely covered by the production capacity of "Dream Factory"!
After the adjustment of the "Dream Factory" production capacity of 300,000 pieces, if it is produced at full capacity, it can already burst out the production capacity of more than 400,000 pieces, and the 12-inch wafer wafer that is stuck in the neck has begun to be fully provided by two wafer manufacturing plants with a total monthly production capacity of up to 300,000 pieces.
This is a supporting project established by Zhongxin International itself. Now it has started production, and the production capacity is constantly being ramped up.
The key materials of the upstream stuck neck, Liu Ruoyi is now gradually starting to fill in the gaps.
Of course, there are still a lot of auxiliary materials that need to be transferred to more upstream Toyo manufacturers to provide them, and at this time, it reflects the benefits of Liu Ruoyi's promotion of Sakamoto to the CEO of AMS based on the opinions of M&A experts.
In order to hold down SS Semiconductor, AMS under the leadership of Sakamoto, Toyo's auxiliary material manufacturers will naturally not drop the chain in this link, after all, Toyo itself still has tens of thousands of people to eat with AMS!
The merger of Elpida not only obtained technology, production capacity and debt, but also inherited the connections in the production chain of Toyo Memory.
This win-win situation is the guarantee for AMS to reach the top now.
Now that AMS has released its production capacity and gained the upper hand in the market, whether it is the Germans or the Orientals, all of them have benefited from it, and tens of thousands of employees do not need to worry about having no jobs to do tomorrow.
It seems that the tie between AMS and SS Semiconductor will continue for a long time in the future.
After all, SS has the support of the whole country, and now it is ready to swallow Hynix.
In this way, President Sakamoto's interest in Micron suddenly became strong.
He has already begun to tentatively initiate a merger proposal through Liu Ruoyi, but based on Chandler's initial proposal from Brazil, Chandler believes that the chances of a successful merger are slim.
Now that the memory market has become very obviously oligopolistic, if SS really swallowed Hynix, AMS will have absolutely no chance of passing the antitrust review in the United States to eat magnesium.
Putting one industry in the hands of two companies is impossible even if the hearts of Americans are big.
This is not a semiconductor foundry, and it doesn't matter if TMS is dominant, because the top process technology has always been in the hands of Intel, and TMS is just picking up the remaining scum of Intel to survive.
Once Intel feels that things are a little uncontrollable and directly enters the foundry industry with advanced manufacturing processes, not to mention anything else, at least the top chip designers in the United States should consider giving face to this boss and ensuring the interests of Americans, which is actually their own long-term interests.
In a word, if TMS is not obedient and does not recognize its position well, the Yankees can reach out and teach a lesson directly!
But memory is different, now the whole industry chain is almost concentrated in Asia, and the United States has no means to clamp it.
Micron is now the last firewall.
If the heads of the antitrust reviewers are not broken, they will definitely not pass.
Sakamoto was disappointed when he saw the report recommendations from the M&A advisors returning. But it doesn't matter anymore.
AMS, which plays an important role in the semiconductor industry, does not matter if there is no micron now. Through the investment in ASML, AMS has also got the priority, and the 12 sets of advanced process key equipment customized last year are expected to be in place in the second half of next year, when if you want to expand the production capacity of more than 25nm, it is a matter of minutes.
Zhongxin International, which is also an investment shareholder of ASML, now also has the right of priority, as the main customer of ASML equipment in recent years, Zhongxin International's shareholding time is even higher.
Of course, the share of the two companies together with AMS is only 12%, and it is only when ASML joins together that they get a director's position, which is cheaper than Clement, the senior vice president of AMS.
Except for the Saxony plant, most of the equipment ordered by AMS is operated independently, and most of the rest is upgraded and used by the Xiangjiang Dragon factory.
The 45nm process technology is now very mature, and the two production lines of the Xiangjianglong factory will be transplanted to the Pengcheng factory of Zhongxin International, and the newly established 28nm process technology and 25nm process production capacity will be established.
At present, this will be the top production line of Zhongxin International, producing and manufacturing top chips for customers now. According to the design standard of this batch of top-level equipment of up to 80 million US dollars, it can be upgraded to 16nm process technology in the future.
So for the Dragon Factory, this batch of equipment is indeed extremely critical.
What's more, these equipment compared to the previous equipment, into an ideal state, the production capacity is more than twice as high as the previous one, if this batch of equipment is successfully commissioned, the next 5 years in the dragon factory production capacity is not a big problem.
Of course, a production line is not only a piece of equipment capacity has the final say, but there are many limitations, which are only the upper limit of the theoretical value, and the upper limit will not be reached in practice.
...
Choi Do-won almost cried because of Lee Tae-hee's behind-the-back tricks, but he was not a fuel-efficient lamp, and soon launched a counterattack.
Choi Do-won announced the secret negotiation of the merger between Hynix and SS Semiconductor, and "accidentally" lost the negotiation memorandum in the hotel through the secretary next to him, and made the matter of Hynix's negotiations with SS Semiconductor public.
So Hynix's shareholders knew that they had the opportunity to exchange for more SS semiconductor stocks, but it was obvious that the Li family played a disgraceful side here and was ready to harm Hynix shareholders.
Korean people, who have a proud history of walking, soon Hynix shareholders and employees began to walk to protest and fight for their rights.
Cui Daoyuan's method of drawing salary from the bottom of the kettle made Li Jiancheng, who originally felt that he had taken a high move, was simply dumbfounded.
I've never seen such a shameless one?
Nima's important documents will be "lost" in the hotel?
It's so deceitful.
Lee Tae-hee was even more so that a mouthful of old blood almost didn't spurt out. Fighting in this nest feels more difficult than fighting head-on with AMS!
The two sides have come to this point, and they can only return to square one and start relatively open negotiations.
This time, everyone had nothing to say, and according to the monitoring of the Blue House, the value of both parties was calculated little by little, and a more reasonable consideration plan was estimated, so that the shareholders of both companies were satisfied.
Otherwise, the shareholders and employees of Hynix will only finish the walk, and it will be the turn of the shareholders and employees of SS Semiconductor to go for a walk.
What is going on! The Blue House also has a headache.
......