America's Road To Fame Chapter 409

However, for the news of William Chen's acquisition of STMicroelectronics from Europe, the most anxious is naturally Hynix in South Korea. Their management is negotiating the purchase price with William Chen's acquisition team. Thinking that there will be a result soon-now the situation of Hynix is not optimistic, naturally they hope to find funds as soon as possible to continue their life-but when they suddenly got this news, they couldn't help but be confused...

Don't you want to pamper me? Why do you want to take STMicroelectronics into your home again? Hmph, what is this scumbag doing? ?

Confused and apprehensive, they could not wait to rush to Chen William now and ask him what he meant. Is it a smoke bomb that he spent so much time negotiating with himself? Or buying STMicroelectronics is a smoke bomb to put pressure on its own negotiations?

"There is no such thing as a smoke bomb. I came to South Korea with sincerity to negotiate an acquisition with Hynix. As for STMicroelectronics, it is also one of the targets of my acquisition. I can only say how much the future results will be. A possibility, of course, my most hope is definitely that both can be acquired successfully, so as to complement each other.”

"Monopoly? That's an unreasonable argument. Even if Hynix agrees to the merger of French Semiconductor, whether it is in Hynix's main memory business or in 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. In the same semiconductor business, Intel's market share is also much higher than any of the following two. Even the sum of any three companies except Samsung Electronics.”

"Since Samsung Electronics and Intel are not involved in a monopoly, there is no possibility of a monopoly at all by merging Hynix and STMicroelectronics."

After this, when Chen William met a financial reporter from the Southern Associated Press in South Korea, and during a brief 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 global semiconductor market shipment rankings in the first 12 months, the core business has performed well. In addition, Intel, which has acquired Infineon's wireless chip business, ranks first. The global semiconductor market has reached a 15.6% share, while Samsung Electronics is in second place with a market share of 9.2%.

Among them, STMicroelectronics ranked 7th, with a market share of only 3%; and Hynix followed closely, ranked 8th, with a market share of 2.4%, and the two wanted to add only 5.4%, which can only be ranked in Third place after Intel and Samsung Electronics.

The price of Hynix has been very sincere. After acquiring 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 in many fields, it was a world leader.

However, these need to be considered after William Chen completes the acquisition of Hynix and STMicroelectronics.

On the side of STMicroelectronics, although Southern Cross Holdings, which is nominally owned by William Chen, held a placard to explain the acquisition intention after holding 5% of STMicroelectronics, but after many acquisitions experience, William Chen would definitely not. It may be too early to scare the snakes and increase the cost of acquisition.

Therefore, in fact, when Southern Cross Holdings raised the placard, he already held more than 30% of STMicroelectronics shares through related parties including Goldman Sachs, Citigroup, Meta Investment, SN Investment, etc., surpassing Italy's and the sum of the shares held by the French government.

Then William Chen began to come forward and promised to South Korea that after the acquisition of Hynix, there would be no large-scale layoffs within three years, and additional investment would be made to upgrade Hynix's wafer fab in South Korea and the specifications of the production line. , South Korea finally approved the acquisition of Hynix by Southern Cross Holdings.

Because the consul of South Korea at this time made a calculation, he will be in power until 2013, anyway, it will not have any impact on him within three years, and it can also enhance the strength of Hynix in South Korea, and the additional investment itself will have an impact on them. The economy is good.

After the South Korean side passed this acquisition, the biggest resistance of Southern Cross Holdings to the Hynix 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 completed the acquisition of Hynix for $10 billion.

After resolving the matters on the South Korean side, Chen William left some people to carry out the follow-up acquisition process, and then took his team and Fan Bingbing, who had been with him here, on a private plane and headed to Europe. .

William Chen did not go directly to the STMicroelectronics headquarters in Geneva, Switzerland, but arrived in France first.

At the same time when Fan Bingbing was settled here, William Chen also took the lead in meeting with representatives of the important shareholders of STMicroelectronics, the French and Italian shareholders.

In fact, the governments of France and Italy, through a holding company ~www.mtlnovel.com~, hold 27.5% of STMicroelectronics and are the company's largest shareholder. Most of the remaining shares are tradable shares. , so if you want to acquire STMicroelectronics, the attitude of these two parties is the most important. As long as you get them, 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 more than 75% of its absolute controlling stake.

After the analysis of the acquisition team, France and Italy, or politicians who have the right to speak, are more concerned about whether ST's business in the two countries can be retained. If the acquisition will be due to subsequent integration, it will cause The companies of the future will have fewer jobs in both countries, and a shift in business, something they definitely don't want to see.

Because once this kind of thing happens, those STMicroelectronics employees who have lost their jobs will definitely protest, which will affect their votes.

Therefore, in the meeting with France and Italy, William Chen said that the European market will always be the market he values. If he can complete the acquisition of STMicroelectronics, not only will it not transfer its business in France and Italy, causing Unemployment of personnel will increase the weight of both businesses.

Initially, France and Italy wanted to keep their stake in STMicroelectronics.

However, as William Chen offered other conditions, after considering them, they immediately agreed to sell their 27.5 shares of STMicroelectronics jointly held by them to a reasonable premium on the premise that the other party could keep their promises. Southern Cross Holdings, as well as regulators on both sides, will also approve the takeover.

Chapter end

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