Vol 6 Chapter 694: optimism

After less than a year, Feng Yiping returned to Munich again, but this time was not as leisurely as the last time.

When I got off the plane, Amanda, who was woken up, heard about the place, and immediately took her father's hand to act like a baby, "I want to eat chocolate, I want to see Neuschwanstein..."

"Well, well, we'll all go," Feng Yiping comforted his daughter who was finally happy.

Huang Jingping looked at Amanda like this and said with a smile, "Amanda, don't you need your tongs?"

When Amanda heard it, she jumped up immediately, "Mom, can a fire be burned here too? Ah, you see there is still snow on the ground, let's burn the fire, the fire is warm,"

Feng Yiping hit Huang Jingping on the head and asked you to tease her!

Although it is located in southern Germany, it was quite cold in January in Munich.

It should be because of a snowfall. This city built in a garden, whether it is the green trees all over the view, or the spires of the Gothic buildings, is decorated with more or less snow. .

Looking further away, the Alps gleamed silver in the sun.

Really cold! On such days, it is obviously more suitable for mink coats. Well, you have to buy one.

Then, he couldn't help but think of the girl peeling garlic...what is the girl peeling garlic? Feng Yiping picked up Amanda so that, hehe, the little guy could block the cold wind blowing to his chest.

I am really a witty dad.

But those who picked up the plane didn't seem to feel cold at all.

"Feng," Cummins beckoned excitedly. Inside the black trench coat, there was a dark blue suit, not even a sweater.

Feng Yiping nodded at him on the gangway, and suddenly saw the guy standing next to him with Xueguang's head behind him. That was Gary Cohen, Lauder's right-hand man, he was also here?

He glanced at it, and none of the five or six men and women who came to pick up the plane said they put on a sweater, but when shaking hands, he still felt that some guys’ hands were cold, hum, let you only pay attention to the demeanor, let you right There is no minimum respect in winter.

He wrapped his bloated down jacket tightly, "Cohen, how am I embarrassed to let you come to the airport,"

Cummins rushed and said, "Cohen got it, Feng, did you know that they not only accepted our entrustment, they also accepted Qimonda’s entrustment to find a suitable investor or takeover for them,"

Gary Cohen smiled a little triumphantly, as if we are so good at Goldman Sachs. I am from Goldman Sachs so I am proud.

Feng Yiping just glanced at him, and the smug smile on Cohen's face immediately turned into a flattering and even a little flattering smile.

Alas, the pride is a bit too much, or that I made a mistake for the object of the pride, the one in front of me is actually a major shareholder of Goldman Sachs.

Feng Yiping immediately turned his face away, and when one sat down, one person would almost take up a row of seats in the car. He deliberately smiled flatteringly... it was really ugly.

Feng Yiping knows that for Goldman Sachs, such a project, but collecting money from both sides, is really not news.

But this time, it was very beneficial to me.

"What's the situation now, I mean, the official opinion," he asked as soon as the car started.

Cummins helped him take off his down jacket and held it in his arms. "The attitude of the German government is very clear. The German Minister of Economy stated on behalf of the Chancellery that the government will not buy shares in Qimonda, but will help it find investors. "

Seeing the satisfied look on Feng Yiping’s face, he added, “Although he will not express it publicly, he is very supportive of our initiative.”

Feng Yiping nodded, which is undoubtedly good news.

Upon seeing this, Cohen also said, "As far as we know, Qimonda has also sought financial aid from the European Union."

"Because they are located in Saxony, the factory with the most employees in Germany, they contacted the European Union through the Saxon government to seek short-term financing, but they were rejected."

"We learned from EU Industry Commissioner Ferhoi that he believes that the EU has no tools to save Qimonda."

Feng Yiping also nodded at him, "Thank you Cohen,"

These channels owned by Goldman Sachs, especially the relationship between governments, are exactly what they lack now.

"Not only that, the 150 million euro loan that Saxony originally agreed to provide Qimonda, and the 100 million euro loan that Qimonda originally agreed to provide in Portugal, where Qimonda's other European factory is located, have all been cancelled," Cummins Say.

"The non-support of these governments is precisely why Qimonda has no funds to maintain operations and has to go bankrupt."

Feng Yiping took his down jacket from Cummins' arms, "This is great!"

The reason why he asked this at the beginning was because of the status of semiconductors in the modern economy, so that in the history of the semiconductor industry, there has never been a lack of examples of countries or governments trying to rescue them.

Among them, there is also my great empire, who has not made any achievements in the semiconductor industry.

So, what, what I saved from the Great Heaven is not our own company, but a foreign company.

And that company is nothing else, it is Hynix, which is currently in the memory market, although it is also losing money, but is still arrogant. It is only under the Samsung family.

In 1999, Hynix was not called Hynix, but Hyundai Memory, and we all know that Hyundai and Samsung are two chaebol groups supported by South Korea’s national strength, but since they are supported by the country’s milk, there are At that time, it is natural to listen to the country.

So in that year, it had to follow the wishes of the Blue House to acquire the semiconductor department of another major Korean group LG at a premium of 5 times. For this, they borrowed more than US$14 billion.

In the following year, the memory market was as depressed as it is now, and when major manufacturers lost money in competitions, Hynix, which had been renamed, suffered a huge loss of US$2.5 billion that year, which made it impossible to repay the debt it owed when it acquired LG Semiconductor. Of huge loans.

As it is now, all memory manufacturers are looking forward to Hynix’s closure as soon as possible, so that market prices will rise as soon as possible.

When the creditors saw it, they were immediately anxious, and they all looked for when Hynix still had a few kilograms of nails, and sold it to the next home to recover some of the losses, so they found Micron.

Just like Xiao Mo ate Bear Stearns, Micron also took the opportunity to report a low price, but Hynix workers quit, they issued a statement to Micron, claiming that once the acquisition, all employees will resign collectively-not to exclude South Korea The government agitated behind.

At this time, the American man who likes flying planes (the founder of Micron likes to play planes, and in the end also took his own life because of playing planes) also failed to take advantage.

Then, South Korea’s foreign exchange bank made another move and chose a new person in charge for Hynix. The new person in charge formulated several revival plans that surprised creditors, except for the gradual transfer of creditors’ shares to the stock market. Let ordinary people actually take over, another most important plan is to build a new 12-inch wafer factory in China.

As soon as the news came out, several big cities in China moved in response to the news. In the end, WX took down the project, and the construction investment of this project was at least 2 billion US dollars, and Hynix actually invested 250 million.

The production capacity of this new plant will bring Hynix billions of dollars in profits in the next few years and maintain its core competitiveness in the market.

More importantly, this project gave hope to those who were anxious to sell Hynix at the time, and waited for a few more years-that is, we actually saved it (later another city of ours Samsung is more generous, of course, this is mainly because we are not strong enough in this area).

Now Qimonda doesn't care about Germany, Portugal, or the European Union~www.wuxiaspot.com~ It still has a factory in the United States, but at this time, how can the United States spare it? Their own baggage is enough.

"The main reason is that Infineon, the parent company, doesn't want to manage, so these government agencies will naturally not manage it," Cummins said.

"To say, Infineon is also really unfortunate," Cohen smiled. "In 2006, they separated the memory department and established a new company Qimonda, and in August of that year they sent Qimonda to the New York Stock Exchange. However, the listing was not very successful. The original price was 16 to 18 dollars, but the listing price was only 13 dollars."

"As a result, Infineon has reduced the number of shares released. It can also be considered that they have confidence in Qimonda, but they did not expect it, but it has been less than three years. They hold 77.5% of Qimonda shares, not only did they not bring Coming to the imaginary return, they have made their financial reports uglier year by year, and their losses have increased year by year. They have suffered losses for 7 consecutive quarters. It is estimated that Infineon may also be sold to the NYSE Delisted from Frankfurt,"

Hehe, then this is really a cheating story.

Mercedes-Benz moved forward, Feng Yiping listened to Cummins and Cohen's report, the more he listened, the more he felt that the prospect of this merger and acquisition was very optimistic.