John Shaber and others were obviously blown away by the values worship remarks of a wealthy Chinese businessman.

The adoring posture of a beautiful little girl has always been the easiest to make uncles get carried away. If this beautiful little girl is also a wealthy businessman, and at the same time puts on a posture of learning from her predecessors, then the lethality will be even greater.

Since even Chinese believe so much in the business academic of "comparative advantage", what reason do we Americans have not to adhere to this resource allocation theory and focus on our company's most competitive business?

There is a ribs business that peers have grabbed fiercely and it is estimated that they will not be able to establish profit barriers in the future, so they should be thrown away!

John Shaber immediately subconsciously remembered Texas Instruments' current rib business semiconductors.

That business was quite profitable three or five years ago, but since 1982, when the new president of the old rival Intel, Andy Grove, the mad dog, initiated a reform, Deyi has been chased by Intel in this business and has not made much profit.

What's even more disgusting is that AMD, which used to stand in a trench with Intel, is now said to have to take refuge in another master, and there is a tendency to accept Sony's investment, engage in CMOS chips, and compete with Intel for business in the future.

As we all know, in the technology brand market of the 28 principle, the first place can earn 80%, the second place can earn nearly 20%, and the third place will wait for death.

In the general situation of Texas Instruments and Motorola, Sony and AMD, and Intel (with IBM and Microsoft in the future), the future trend of the semiconductor industry is obviously a pork rib market where everyone has no money to make and can only fight a price war.

It is better to concentrate on the comparative advantages of DSP and sensor.

This thought, strictly speaking, was not shaped by Mina's praise, but has always been in the mind of John Shaber. In fact, before this, there have been many debates within Texas Instruments on the direction of future R&D investment.

CEO John Schabber and Executive Vice President Zhang Zhongmou have debated many times. In history, Zhang Zhongmou resigned angrily in 85 years and left, and returned to Wanwan to found TSMC, which was also brewed after a long period of contradictions, and it did not happen overnight.

Mina's killing today only strengthened John Shabber's conviction, pushed him a little, and at the same time put him on the platform of ideological superiority, and he couldn't get down.

It is necessary to mention here that in the late 80s and even the early 90s, Americans themselves admired the belief of "comparative advantage and optimizing the allocation of social resources by relying on capital operation", and they did not just use this ideology to deceive foreigners.

Some Orientalists in later generations saw that after the collapse of the Soviet Union, the Americans engaged in "free allocation of resources and comparative advantage" and engaged in "shock therapy" in Russia, and the Lucians were so desperate that they died.

Or I saw that in the Czech Republic and other places in Eastern Europe, the "citizen voucher-type state-owned enterprise S ownership reform" was carried out, and a few years later, the Czech enterprises all had very good financial data and economic fire in the short term, but scientific research was cut off and then collapsed.

Then, I felt that this was all a conspiracy of the US imperialists.

In fact, objective sabotage does exist, but the "conspiracy of US imperialism" is not necessarily.

Because the Americans themselves believed in this way at that time, the mad dogs of Wall Street were no less ruthless than the Lucians and Czechs when they killed America's own old technology companies.

In other words, the Americans are not plotting to prescribe a poison of economic reform to their enemies, but they themselves sincerely believe that this is a tonic, and when they give poison to others, they themselves eat it together, and indeed eat a lot of American technology companies.

Therefore, strictly speaking, this is not called a "conspiracy of US imperialism", but a subordinate work of Wall Street.

On this issue, Wall Street has poisoned the United States and Eastern Europe equally, and stabbed them in the back without discrimination, and financial capital has no motherland.

In the view of Wall Street's ideology at that time, in order to maximize the interests of capital and shareholders, how should we reform technology companies?

In this way, the money in the capital circle will not be wasted on "repeated research and development".

If you are inferior to others in the first place, you should immediately give up resistance and do what you are good at. For example, Texas Instruments, you have at least cut the semiconductor R&D department, because you are not the world's No. 1 or No. 2 in this field. Of course, the R&D department of DSP and sensors still has to be retained, because they are the first and second in the world in this business.

So strictly speaking, Wall Street at that time did not only persuade the Chinese that "you should not be obsessed with mastering the core technology yourself, and it is better to buy things without comparative advantages", they also persuaded the technology companies ranked third and later in the United States, the same "do not be obsessed with mastering the core technology yourself, and it is better to buy things without comparative advantages".

To paraphrase a sentence from Song Hongbing in "Hongguan": The various forces in the United States can be roughly divided into "American interest faction" and "business empire faction" according to whether they are loyal to the United States or not.

And the wave of operations in the late 80s and early 90s was clearly expected and dominated by the Wall Street business empire.

In the eyes of Wall Street business empires, they want to weaken the political and military power of all countries in the world, including the United States.

The ideal social form for Wall Street's business empire is that all governments in the world (including the United States) are weak, all armed forces (including the U.S. military) are self-defeating, all assets are listed and can be traded, and there is no prohibition on trading.

Then they rely on the Fed to solve the problem and truly realize the theory of financial omnipotence.

Whether a global cutting-edge technology is in the hands of American companies or Chinese companies is only worried about the national interests of the United States, and the business empire faction does not care. Business empires care that no matter what country you're in, you have to accept investment from Wall Street multinational capital.

Of course, if you are a non-listed company like Huawei and refuse to be shared by the financial capital of the stock market after your development, then it is not negotiable. If a foreign company insists on not touching its shares, you are offending both American interests and business empires.

From this point of view, many companies with technical content are listed on the market, and they have a certain compulsion to take into account. Because knowledgeable people know that as long as you make sure that your shares can be bought by Wall Street financial capital, then at least the forces of the business empire will not be in the same league as the American national interest.

……

It is a bit far, but it is nothing more than a reflection of the Americans' own belief in the "theory of the division of labor of comparative advantage" under the social consciousness at that time.

Under the worship of a young, successful, "believer" from the East, the ideological pride of the wealthy American businessmen present was completely pushed to a situation of self-esteem that was difficult to ride a tiger.

John Shaber listened with affection, rubbed his hands together and excitedly thought about what to do.

And after Gu Biao hugged Mina and provoked everyone's emotions, he went to the side to hide his merit and fame.

Gu Biao looked for the bathroom, confirmed that there was no one nearby, then took out his mobile phone and dialed the number of Peter Peterson.

The 84-year-old mobile phone is only the first year of commercial deployment, and of course there has not been any eavesdropping and no call records.

Peter Peterson also came to the cocktail party today, but Gu Biao didn't want anyone to see his conversation with Peterson before someone from the Blackstone Fund came to facilitate Shaber, so as not to be reviewed in the future to make the association of cause and effect, so he insisted on calling.

"Let Schwartzman show his face, Shaber should have 'improvised his mind' on his own. Gu Biao only said one sentence and hung up the phone.

Then, he left the bathroom and went drinking with Mina in his arms.

On the other side of the venue, Schwartzman, COO of Blackstone Fund, appeared in front of John Shaber, CEO of Deyi, and asked him to chat and toast.

Schwartzman and Peterson have been partners since Lehman Brothers.

Now after the establishment of the Blackstone Fund, Peterson and Schwartzman also have a clear division of labor, Peterson is in charge of finding and evaluating investments, and Schwartzman is in charge of investment, helping investees optimize management, rectify operations, and raise stock prices.

This division of labor has nothing to do with Gu Biao, and in the original history, this is how the Blackstone Fund operated.

John Schwartzman, who was in the mood for a little champagne, plucked up the courage to ask, "Mr. Schwartzman, I was looking for you." Blackstone Fund is also the new major shareholder of our Deyi. I have always had some ideas to optimize the company's operation and push up the stock price, which is definitely a win-win situation for us and the Blackstone Fund, and I wonder if Mr. Schwartzman and Mr. Peterson are willing to support me......"

John Shabber spoke very politely, and even called Peterson "Chief of Commerce", when in fact he was not the head of the American Business BU 11 years ago.

In addition, the reason why he asked this question is also because the Blackstone Fund has now absorbed enough outstanding shares of Texas Instruments, and even the shares of several original internal minority shareholders, so the support of the Blackstone Fund is enough for Texas Instruments to carry out major internal reforms——

From March to April, Gu entrusted Peterson with hundreds of millions of dollars to let him absorb Texas Instruments' shares. By the beginning of July, the Blackstone Fund had successfully operated to the scale of raising cards, and its shareholding exceeded 30%.

In the last month or so, it has been fluctuating and absorbing some one after another, and has spent a total of $800 million before and after, accounting for nearly 35% of the stock - currently 34.8%.

Coupled with the part of capital that had supported Xia Bai's reforms, as long as Blackstone supported it, Xia Bai would be able to completely suppress Zhang Zhongmou's cold-war mentality and achieve the great victory of a free market economy.

“…… That's what I envisioned, Mr. Schwartzman, do you think it works? ”

"In principle, I think it's really good, and it highlights the comparative competitive advantage of Texas Instruments, and there are trade-offs. However, I think we can adjust it a little bit and make a more perfect and precise plan......"

Schwartzman looked very considerate of the management, as if the Blackstone Fund did not want to take power at all, but just wanted to serve the company's senior management to share the money.

The two sides heard that Soso had spoken for a while, and John Shabber was surprised and delighted, and his eyes flashed with brilliance.