Chapter 695: Purpose (II)
Galaxy Capital's investment success rate is very high, although most of the investment is concentrated in the technology and financial sectors, but success is success. Faced with the opportunity for Galaxy Capital to invest in the semiconductor basic silicon wafer industry against the trend, Mansour hesitated.
"Do you think we want to be part of this investment in Galaxy Capital?" Mansour asked his staff.
"It's hard to say, after Lu He left, Galaxy Capital shrunk its investment, and this time it may not be successful, but with him, things are very difficult to say. The staff thought of Zhou Shi who was hanging, and sighed for a while, people are different, Zhou Shi is almost the fastest person in the world.
The semiconductor basic silicon wafer industry is closely related to the solar energy industry, the international solar energy industry is shrinking, the supply of wafers is too large, the price is falling, and the demand is not strong, and the industry is naturally not happy. In the next few years of history, it is a period of market adjustment, and acquisitions are frequent.
"You shouldn't have forgotten about Micron Technology!" said another aide, adding that Micron seems to be planning a re-listing recently, but this is not the main thing. The reshuffle of the storage industry led by Galaxy Capital has basically achieved its goal after Micron acquired Elpida with $1.8 billion in debt this year. In the future, the storage market will basically be the world of Samsung, Micron, Unisplendour hynix, Qimonda and other companies.
Micron and Hynix have had twists and turns, and Galaxy Capital has unswervingly increased its investment, which has contributed to the current situation of this industry. Considering the inevitable contradiction between Unigroup and Hynix, Micron has a great hope of maintaining its position as the second largest in the market. The micron case operated by Galaxy Capital has therefore become a classic.
"So we're joining Galaxy Capital this time?" Mansour
"I think I can," said one of the staff
The market size of the semiconductor basic silicon wafer industry is not large, about 10 billion US dollars a year, the market potential is limited, and the scale of capital that needs to be invested is also limited. However, there is a characteristic of the electronics industry, the more upstream the enterprises are relatively fewer, the greater the technical difficulty, and the wafer is the raw material for making chips, which belongs to the upstream of chips. The technical difficulty can be imagined, for example, if the chip is compared to a spaceship, then the wafer is an aircraft carrier. It's not a question of making money or not making money in the first place. Now that the entire industry is declining, almost no companies are increasing their investment in SOI, and the strongest technology is the Japanese company, that is, Shin-Etsu Semiconductor, whose silicon business has always occupied the forefront of large-diameter and high-straightness. It was the first company to successfully develop the most advanced 300mm silicon wafer and realize the commercialization of SOI silicon wafers. Wall Street has no choice but to take Japanese companies, and it is even more difficult for Zhou Shi to control high-tech Japanese companies. Besides, he also wants to contribute to domestic wafer manufacturing.
After a few encounters, the collaboration has changed a lot, and Chartered Semiconductor and GLOBALFOUNDRIES will form a strategic partnership. We support each other in many fields such as technology, production, technology, and patents. He doesn't know what to do, just set the direction, and there is no need to compete with the person in charge of the concession for the specific plan.
When leaving, Mansour invited Zhou Shi to be a guest in the United Arab Emirates, and Zhou Shi agreed.
This meeting with Mansour is just the beginning, and there are still many troubles to come, but it doesn't matter now, he has to meet with the top management of the two major British banks. The answer was soon revealed, and in 2010 HSBC announced the acquisition of the retail and commercial banking business of the Royal Bank of Scotland in India. RBS has 31 branches and 1.1 million customer relationships in retail and commercial banking in India, employing more than 1,800 people. However, the matter has not reached an agreement yet, which means that there is basically no hope for this matter, and both sides want to find a pick-up man. So he found Zhou Shi, that is, he hoped that East West Bank would take over.
Banks such as HSBC have been selling assets for the past two years, not only because of losses in the financial crisis, but also because of Basel III.
On September 12, 2010, the Basel Committee on Banking Supervision, composed of senior representatives of banking regulators and central banks from 27 countries, announced that representatives of banking regulators in the world's major economies had reached an agreement on Basel III on the same day. Under the agreement, the core Tier 1 capital adequacy ratio of global commercial banks will rise to 7%, more than three times the current standard of 2%. This has had a huge impact on the international banking community, especially European banks. In order to monitor the risk of banks, this agreement requires banks in various countries to reach a certain level of their own capital, reduce high-risk investments, and also allow these banks to either sell assets or continue to raise funds to replenish their own capital. For HSBC and the Royal Bank of Scotland, selling assets is still easier.
East West Bank is different, with Galaxy Capital behind it, and more than a billion dollars of funds are not a big problem for Galaxy Capital. The capital increase and share expansion are conducive to expanding the scale of the bank, and the years after the financial crisis were the golden period of East West Bank's expansion. One of East West Bank's priorities is to promote economic exchanges between East and West, and India is a natural focus for him. However, East West Bank, which has acquisitions every year, has to make cross-border acquisitions, which is self-evidently risky. However, India is a focus of his future financial layout, and even if there are difficulties, he must find a way to win it.
RBS doesn't have a lot of assets in India, and there's not a lot of pressure to buy them, and they're clearly not just for this business.
"CitizensFinancialGroup, Huaxia Ping An, Modu Bank, it's really a big bait" Zhou Shi, one is one of the top ten largest banks in the United States, and the other is the second insurance company in Huaxia, although they are all very good, but unfortunately the cost performance is not high. And their purpose is probably not pure, although they will not deliberately set up a trap for him, but the intention to restrict him is obvious. The market value of the first bank must exceed $10 billion, but the Royal Bank of Scotland wants to transfer it as a whole, and the value of the shares held by HSBC Holdings in China Ping An and Modu Bank may also exceed $10 billion. Zhou Shi said that the transfer of tens of billions of dollars would have no impact on him, but in fact, where would there be no impact? If there is really no impact, how can he be arrogant after the outbreak of the mobile Internet, and the market value of his enterprises will explode. However, the two choices they gave Zhou Shi were one in the United States and one in China, did it mean anything else?
As a Chinese, whose main industries are concentrated in the United States, and has chosen Citibank as his main partner bank in the European and American international markets, he may not have many opportunities to cooperate with the Royal Bank of Scotland and HSBC Holdings.
"Simon, what do you think of EMI Records, and is there still a chance in the music market in the future?" said Zhihua of HSBC
"Baidai?" Zhou Shi, I see. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.