fictionpage Chapter 410 Take Hynix
Chapter 410 Take Hynix
Chapter 410 Take Hynix
However, regarding the news of Chen William's acquisition of STMicroelectronics from Europe, the most anxious one is naturally South Korea's Hynix Company. Their management is negotiating with Chen William's acquisition team on the purchase price. They thought that there would be a result soon—Hynix’s situation is not optimistic now, so they naturally hoped to find funds to continue their life as soon as possible—but they suddenly got this news, and they couldn’t help being confused...
Don't you all spoil me?Why should STMicroelectronics enter the house again?Hmph, what on earth is this scumbag going to do? ?
Doubtful and apprehensive, they wished they could rush to William Chen and ask him what he meant. Was it just a smoke bomb that he spent so much time negotiating with himself?Or buying STMicroelectronics is a smoke bomb to put pressure on yourself to negotiate?
"There is no such thing as a smoke bomb. I came to South Korea to conduct acquisition negotiations with Hynix with sincerity. As for STMicroelectronics, it is also one of the targets of my acquisition. I can only say that the future results will be different." Of course, what I hope most is that both can be successfully acquired, so as to achieve complementarity.”
"Monopoly? That's a groundless statement. Even if Hynix agrees to the merger of French semiconductors, whether it is in Hynix's main memory business or the semiconductor industry, the share they want to increase is not enough to touch monopoly. As far as I know, in the memory business, Samsung Electronics’ market share far exceeds that of Hynix and STMicroelectronics combined. Similarly, in the semiconductor business, Intel’s market share is also much higher than any of the following two companies. Even the sum of any three companies except Samsung Electronics.”
"Since Samsung Electronics and Intel are not involved in monopoly, there will be no possibility of monopoly at all when Hynix and STMicroelectronics are merged."
After that, when William Chen met a financial reporter from the Yurgyz News Agency in South Korea and accepted a short interview, what he said could be considered to be able to solve some doubts for Hynix.
Indeed, as he said, according to recent statistics, in the ranking of shipments in the global semiconductor market in the first 12 months, the core business performed well, and Intel, which acquired Infineon’s wireless chip business, ranked first. The global semiconductor market has reached a share of 15.6%, while No.2 is Samsung Electronics, and their market share is 9.2%.
Among them, STMicroelectronics ranks 7th, with a market share of only 3%; Hynix follows closely behind, ranking 8th, with a market share of 2.4%. The addition of the two is only 5.4%. No.3 after Intel and Samsung Electronics.
The price of Hynix is already very sincere. After the acquisition of STMicroelectronics, it can be re-integrated and all the memory business will be attributed to Hynix.
The original STMicroelectronics focused on businesses other than memory, such as analog and digital chips, and it is a world leader in many fields.
However, these need to be considered after William Chen completes the acquisition of Hynix and STMicroelectronics.
For STMicroelectronics, although Southern Cross Holdings, which is nominally owned by William Chen, held a 5% stake in STMicroelectronics, it raised a placard to explain its intention to acquire, but after many acquisitions, William Chen will definitely not It may be premature to alert the enemy and increase the cost of acquisition.
Therefore, in fact, when Southern Cross Holdings raised its placard, he had already held more than 30% of the shares of STMicroelectronics through related parties including Goldman Sachs, Citigroup, Meta Investment, and SN Investment, surpassing the Italian and the sum of the shares held by the French government.
Then William Chen came forward and promised South Korea that after the acquisition of Hynix, there will be no large-scale layoffs within three years, and additional investment will be made to upgrade the specifications of Hynix's fabs and production lines in South Korea. , South Korea finally approved the acquisition of Hynix by Southern Cross Holdings.
Because the South Korean consul at this time made a calculation, and he will be in power until 2013. Anyway, within three years, it will not have any impact on him, and it will also strengthen the strength of Hynix in South Korea, and the additional investment itself will benefit them. The economy is favorable.
After South Korea passed the acquisition, Southern Cross Holdings' biggest resistance to Hynix's acquisition disappeared, so the subsequent negotiations entered the fast lane.
In the end, when Southern Cross Holdings stated that it would merge its memory business into Hynix after acquiring STMicroelectronics, and maintain the relative independence of Hynix, the final agreement was reached, and Southern Cross Holdings would acquire 100% of Hynix. The company's shares, at a price of 100 billion US dollars, completed the acquisition of Hynix.
After settling the affairs in South Korea, William Chen left some people behind to carry out the follow-up acquisition process, and then took his team and Fan Bingbing, who had been with him all the time, on a private jet and headed to Europe .
William Chen did not go directly to the headquarters of STMicroelectronics in Geneva, Switzerland, but arrived in France first.
While Fan Bingbing was settled here, William Chen also took the lead in meeting representatives of STMicroelectronics' important shareholders, the French and Italian shareholders.
In fact, the governments of France and Italy hold a 27.5% stake in STMicroelectronics through a holding company and are the largest shareholder of the company. Most of the remaining shares are tradable shares, so they want to acquire STMicroelectronics. For STMicroelectronics, the attitudes of these two parties are the most important. As long as they are dealt with, it can be said that the acquisition of STMicroelectronics is almost guaranteed to be successful.
Chen William met with representatives of the two parties this time, hoping to obtain the consent of both parties to complete the privatization of STMicroelectronics, at least holding an absolute controlling stake of more than 75%.
After the analysis of the acquisition team, France and Italy, or the politicians who have the right to speak, are more concerned about whether the business of STMicroelectronics in the two countries can be retained. If the acquisition will result in subsequent integration, resulting in In the future, companies will have fewer jobs in the two countries and business transfers. This is what they absolutely do not want to see.
Because once this kind of thing happens, those STMicroelectronics employees who are unemployed will definitely protest, thereby affecting their votes.
Therefore, in the meeting with France and Italy, William Chen said that the European market will always be a market he values. If he can complete the acquisition of STMicroelectronics, then not only will he not transfer its business in France and Italy, causing Unemployment of personnel will instead increase the weight of the two businesses.
Initially, France and Italy were convenient and hoped to retain their shares in STMicroelectronics.
However, as William Chen proposed other conditions, after consideration, they immediately agreed to sell their 27.5 shares of STMicroelectronics at a reasonable premium to Southern Cross Holdings, as well as the regulators of both parties, will also give the green light to the acquisition.
(End of this chapter)