South Korea, Sanxin Electronics' memory pellet factory.

Yin Douzhi, who had been working hard for two weeks in a row, dragged his tired body and walked slowly towards the dormitory with heavy steps.

Suddenly, he was tapped on the shoulder.

"Uh...... Yingnan seniors. Yin Douzhi turned his head and said hello.

The person who patted him on the shoulder was also wearing work clothes and thick glasses, Kwon Young-nam took out a box of Arirang from his pocket, opened it and handed it over: "Here's one?"

"Thanks, then you're welcome." Yin Douzhi thanked him first, then took out a cigarette from the box, took the lighter, and couldn't wait to light it.

Call! took a big puff beautifully, as if he was reluctant to exhale, the smell of tar tobacco after a long absence, made his whole body drunk.

In fact, it was he who held his breath for too long, and the suffocation caused by the smoke.

Kwon Yingnan on the side was also swallowing clouds and spitting fog.

The two of them smoked as they walked, and it wasn't until most of the cigarette was smoked that Kwon Yingnan raised his glasses and said, "Fighting spirit, have you heard?"

"What?" Yin Douzhi, who was a little confused, subconsciously replied.

Kwon Young-nam looked around and whispered, "The company has decided to cut some employees." ”

"......" Yin Douzhi was stunned for a while, and then asked nervously: "Senior, didn't the company just lay off employees last month?"

Quan Yingnan continued to whisper: "The company's memory sales are not ideal, and this one has lost another 460 billion (equivalent to 2.76 billion Chinese yuan). ”

"Hallelujah! Why are we fighting a price war?" Yin Douzhi said bitterly.

South Goryeo's long-standing three-plate axe finally met its opponent for the first time.

Sanxin and Hynix, two memory particle manufacturers, have been using government subsidies, counter-cyclical price wars, and cheap labor combinations to beat other competitors.

In 2012, Sanxin and Hynix's memory particles accounted for 70% of the world's memory particle market, and the rest were the mid-end market of Mi Guo Micron and some other small factories.

In 2015, Sanxin's market share dropped to 15.3%, Hynix to 11.4%, and Micron only a pitiful 8.1%.

Who has taken over the market?

Of course, it is the soaring Huaguo semiconductor manufacturer, YMTC has gained 28.4% of the market share, and Unisplendour has obtained 21.5%.

Although SMIC only occupies 12% of the market, all memory particles in the SMIC market are top products, which belong to high-tech and high value-added types.

Sanxin and Hynix's three-plate axe directly failed in front of Huaguo, because the production speed of the domestic chip production line is about 7~8 times that of foreign countries.

The comprehensive cost of memory particles at the same level is only about 20~40% of that of Sanxin and Hynix by domestic manufacturers.

This gap has caused a price war, domestic manufacturers still have a way to retreat, while Sanxin and Hynix have no way to retreat.

Everyone will reduce the sales price by 50%, and may make less money in China, while Sanxin and Hynix are directly losing money.

It can be supported in a short time, and once there is vicious competition for a long time, it will definitely be unbearable for Sanxin and Hynix.

As for the price war of memory particles, it has been almost two years since July this year, with an average loss of hundreds of millions of US dollars per month, who can withstand this war of attrition.

If there is a possibility of defeating the other party, then Sanxin and Hynix can still grit their teeth and persevere, but it is a pity that domestic manufacturers do not give each other a chance at all.

While fighting a price war in the low-end market, it has rapidly developed high-end products and top-end products, such as SMIC, a manufacturer that completely produces high-end and top-end products, has not been seriously affected by the price war.

Sanxin can also digest part of the production capacity by itself, and Hynix is already on the street.

Kwon Yingnan reluctantly patted Yin Douzhi's shoulder: "Fighting spirit, this time the layoff may reach 50%, you must be mentally prepared." ”

Damn it! Yin Douzhi cursed in his heart, he still has a mortgage and a car loan, and if he loses his job, it will be over.

After the two returned to the dormitory and ate a meal of kimchi rice cakes and instant noodles, they were very anxious about the layoffs and tossed and turned in bed all night.

The cruel reality of the times is that once a levee bursts, the low-lying areas are always the first to be harmed.

There is nothing they can do but silently bear the impact, or find a job again and get a chance to survive; Either they are like parasites that live on carrion, relying on their parents' help; Either they will become eliminated and live on the streets, or even starve to death and die of disease in the steel jungle.

On a hot and irritable night, countless ants at the bottom are waiting for tomorrow, and some people may hope that the sun will never rise.

Three days later.

Yin Douzhi, who was testing memory particles in the workshop, was called to the manager's office, and his whole person was confused from beginning to end.

He didn't remember how to go back and forth, nor did he remember the despair of other people, he only remembered that cold sentence: "Yin Douzhi, you were fired." ”

Like other employees who were laid off, Mr. Yin walked out of the factory in despair, leaving the factory where he had worked for more than five years.

Helplessness and confusion filled his heart, his pupils lost focus, and he walked towards the dormitory in a trance.

Touch......

A drop of warm liquid splashed on his forehead, and it wasn't until the blood-red color came into his eyes that Yin Douzhi could see it clearly.

“……”

Kwon Young-nam's lifeless eyes were staring at him, and his whole body was already in a pool of blood, and the air was frozen at this moment.

Yin Douzhi couldn't hear the surrounding voices, only the low sound of his heart beating, and his brain was blank.

Just standing there quietly, like a lonely ghost.

He didn't know how he got back to his dormitory, or how he moved out and got back to his old house in the country.

Looking at his parents who were busy pickling kimchi, Yin Douzhi didn't dare to look directly at his parents, so he could only hide in the room and stare at the ceiling in silence.

In my mind, that pool of blood could not be dispersed for a long time.

The decay of South Goryeo, like a dam bursting its banks, was complete and rapid.

The three pillar industries of semiconductors, electronic appliances, and automobiles have collapsed in an all-round way, and the wave of factory layoffs or wage cuts has become more and more turbulent.

Sanxin headquarters.

Lee Kun-hee, who is not in good health, looks at the worsening operation situation, and there is a great depression of falling apart.

"Father, our Sanxin Electronics' factory in China has been completely shut down, if this continues......" Li Zaiyong wanted to stop again.

Lee Kun-hee didn't know what his son wanted to say, but he couldn't help himself now.

This is not a battle between Sanxin and Huaguo manufacturers, but the two giants behind are fighting, Sanxin is in the cracks, which is destined to be a tragedy.

If you want to surrender, the country behind you will not agree; And if the resistance continues, Sanxin is now greatly injured, and the risk of bankruptcy is increasing day by day.

SK Group, which also controls Hynix, LG Group, which owns LG Electronics, and Hyundai Group, the parent company of Hyundai Motor, are all facing an existential choice.

After decades of painstaking management, after the financial crisis of '98, more than half of it has been looted by Western forces, and now even the last pants are almost gone.

It's a pity that they are on the wrong side and are destined to become victims of the game of the times.

In order to save the four groups, Lee Kun-hee had to convene the presidents of the other three groups, and an existential secret meeting was held in a villa in Seoul.

The presidents of the four major groups of South Korea were all present, and the uneasiness and anxiety could be seen in their expressions.

They may not be the low-lying places of the times, but they are definitely not the highlands of the times.