Chapter 538 Samsung goes bankrupt
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The Star Group has shown a strong dominant position in many fields.
Many companies in the same industry have felt tremendous pressure.
For example, the mobile phone market, the integrated circuit market, the chip market, etc.
Before, Apple was out of business, Qualcomm was out of business, Hynix was out of business, Micron was out of business, and Taichi Electronics was out of business...
Samsung Electronics not only operates Samsung mobile phones, but also operates chip and integrated circuit businesses.
They have been struggling for 3 years.
From the very beginning, when the Star mobile phone came out, their Samsung mobile phone was out of business. After the mobile phone business was out of business, they still had chip business, integrated circuit, TV business, etc.
But as the Star Group launched the awesome Star chip, Samsung chip business was out of business again.
But Samsung Electronics is worthy of being one of the world's top 500 companies, and it is also supported by the Samsung Group behind it. So they did not have a funding gap. They can only struggle to support themselves.
They can only rely on semiconductor integrated circuits, TVs, LCD screens and other businesses to support them.
But not long after, the Star Group launched semiconductors and integrated circuits. Then Samsung's big business went cold again.
Only the pitiful TV and LCD business remained.
But the TV business has almost no market in China. The same is true for LCDs.
Finally, after three years of holding on, their capital chain was in deficit more than a year ago.
Relying on the Samsung Group behind them, they are now only an empty shell.
A large amount of debt, a large number of layoffs, the closure of the three major companies, and the company's stock price fell to the freezing point.
Such companies are powerless to turn around and have no profit at all. They have been in a loss state for a year.
Finally, the Samsung Group had to lose hope for the largest subsidiary of Samsung Electronics. The Samsung Group could not save this largest subsidiary-Samsung Electronics.
Samsung Electronics headquarters.
President Li Jianxi sat at the first seat in the conference room.
He looked a little lonely, a little sad, and a little helpless.
He never expected that Samsung Electronics, a Fortune 500 company, would declare bankruptcy during his term!
Yes, the parent company Samsung Group has ordered Samsung Electronics to go bankrupt.
"Everyone, today is the day when our Samsung Electronics company declared bankruptcy. Now, those whose names I called can stay and go to other subsidiaries of Samsung Group. If you don't want to stay, you can resign. As for those whose names were not called, I'm sorry." Li Jianxi said in a deep voice.
There were a total of forty or fifty senior executives of all sizes in the conference room.
Although everyone was mentally prepared, they couldn't help crying and feeling disappointed when they heard the news.
"Are we really going to go bankrupt?"
"We have persisted for so long. We thought we would get through this. But we didn't expect that we would still be doomed in the end..."
"We have been holding on for 2 or 3 years. I don't know how much money we have spent. A lot of our capital has been used up. And the Samsung Group behind us has also invested a lot of money. We have held on until now, but we have to go bankrupt."
"Alas..."
"Those whose names are called still have a glimmer of hope. Those whose names are not called will be fired. Then they will have to find new jobs."
"Song Chengxian, Li Bingjun..." Li Jianxi began to read the names.
Soon, when Li Jianxi finished dealing with this matter, he had someone announce the news of Samsung Electronics' bankruptcy.
As soon as this news came out, it spread all over South Korea.
At the same time, it soon spread all over the world.
After all, although Samsung Electronics is only a subsidiary of Samsung Group, it is one of the world's top 500 companies. So its reputation and attention are very high.
The announcement of bankruptcy today did surprise many people. But it was not shocking.
Because in recent years, many people know that Samsung Electronics and Apple were forced by the Star Group!
This is the world, the strong prey on the weak! The law of the jungle!
The weak will always be eliminated.
The next day, all kinds of reports were flying everywhere.
"Global Business Weekly": Samsung Electronics, a generation of electronic overlords, declared bankruptcy yesterday! The one who ended it is the Star Group!
Samsung Electronics is the largest electronic industrial enterprise in South Korea and the largest subsidiary of Samsung Group. In the list of the world's 100 most famous trademarks, Samsung Electronics is the only Korean trademark and a symbol of industry. It once ranked 15th in the Fortune 500, and its annual turnover can reach 180 billion US dollars!
Once, its Samsung mobile phone was comparable to Apple at that time. Samsung chips are the world's largest chip manufacturer...
However, such a powerful company was beaten by the Star Group and finally declared bankruptcy after dragging it on for 3 years.
Even the Samsung Group can't save them.
This time, the bankruptcy of Samsung Electronics is definitely a huge pain and a huge loss for the Samsung Group.
It is equivalent to cutting off the right arm of Samsung Group!
Because Samsung Electronics is the largest subsidiary of Samsung Group!
Samsung Group's subsidiaries include: Samsung Electronics, Samsung C\u0026T, Samsung Airlines, Samsung Life Insurance, etc., and its business covers many fields such as electronics, finance, machinery, chemistry, etc.
But Samsung Electronics is the most powerful. Now that Samsung Electronics has gone bankrupt, although Samsung Group has not been seriously injured, it has also been seriously injured...
Global Gossip Magazine: With the bankruptcy of Samsung Electronics, Samsung mobile phones, Samsung chips, and Samsung semiconductors will all become a thing of the past and become history...
Qin Hailang, who was far away in Guangzhou, also read this news in the office of his own company.
When he saw this news, he was not much surprised. To be honest, this Samsung Electronics company has been around for a long time. At least longer than many companies.
The main reason is that this company is already very powerful, with a lot of original funds and the support of the Samsung Group behind it, otherwise it would have been as cold as Qualcomm.
"Hehe, now Samsung Electronics is bankrupt. It is also one of the world's top 500 companies. Doesn't that mean that I have completed another special mission?" Qin Hailang thought happily in his heart.
"Yes, host." Xiao Xin jumped out at this time.
"Ding Dong... Congratulations to the host for completing one of the special tasks, getting 5 chances to draw prizes, and getting 1 million task points!"
Hearing the system's prompt, Qin Hailang smiled.
He already had 9 million task points before, and with the current 1 million task point reward, he now has 10 million task points!
