Chapter 2845 Optimism

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

When getting off the plane, Amanda, who was woken up, heard that they had arrived, and immediately pulled her father's hand and acted coquettishly, "I want to eat chocolate, I want to see Neuschwanstein Castle..."

"Okay, okay, 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 want your fire tongs?"

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

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

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

It should be because it has just snowed. This city built in a garden, whether it is the green trees that are all over the view or the spires of those Gothic buildings, there are more or less snow as embellishments.

Looking further away, the Alps are shining silver in the sun.

It's really cold! Such a day is obviously more suitable for a mink coat, um, I have to buy one.

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

I am such a smart father.

But the people who met at the airport didn't seem to feel cold at all.

"Feng," Cummins waved excitedly. Under the black windbreaker was a dark blue suit, not even a sweater.

Feng Yiping nodded at him on the gangway, and immediately saw the guy standing next to him with the snow on his head. That was Gary Cohen, Lord's right-hand man. He came too?

He glanced at the five or six men and women who came to meet at the airport, and none of them said they would wear a sweater, but when shaking hands, he still felt that some of the guys' hands were cold. Humph, you only pay attention to your demeanor, and you don't have the least respect for winter.

He wrapped his bloated down jacket tightly, "Cohen, how can I have the nerve to ask you to come to the airport as well,"

Cummins rushed to say, "Cohen, Feng, you know, they not only accepted our commission, they also accepted Qimonda's commission to find suitable investors or takeovers for them,"

Gary Cohen smiled a little proudly, as if our Goldman Sachs is so awesome and I am proud of being a Goldman Sachs man.

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

Alas, he was too proud, or in other words, he mistakenly thought of the proud object for a while, and the person in front of him was actually the major shareholder of Goldman Sachs.

Feng Yiping immediately turned his face away, and the big guy who sat down and almost took up a row of seats in the car by himself deliberately smiled flatteringly... It was really not good-looking.

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

But this time, it was very beneficial to him.

"What is the current situation, I mean, the official opinion," he asked as the car started.

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

Looking at the satisfied look on Feng Yiping's face, he added, "Although he will not say it publicly, he is very supportive of our initiative,"

Feng Yiping nodded, this is undoubtedly good news.

Seeing this, Cohen also said, "As far as we know, Qimonda has also sought financial assistance from the European Union,"

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

"We learned from the European Commissioner for Industry, Verhoy, that he believes that the European Union has no tools to save Qimonda,"

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

The channels that Goldman Sachs has, 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 to Qimonda, and the 100 million euro loan that Portugal, where Qimonda's other European factory is located, originally agreed to provide, have all been cancelled," Cummins said.

"The lack of support from these governments is the reason why Qimonda has no funds to maintain operations and has to go bankrupt,"

Feng Yiping took his down jacket from Cummins' arms, "That's great!"

The reason why he asked this at the beginning is 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 saving companies.

This includes my great China, which has not made any achievements in the semiconductor industry.

So, what my great China saved was not our own company, but a foreign company.

And that company is none other than Hynix, which is currently in the memory market, although it is also losing money, but still very powerful, and is only below Samsung.

In 1999, Hynix was not called Hynix, but Hyundai Memory. As we all know, Hyundai and Samsung are two chaebol groups supported by the whole country of South Korea. But since they are supported by the country, sometimes they have to listen to the country.

So that year, it had to follow the Blue House's wishes and acquire the semiconductor division of LG, another large Korean group, at a premium of 5 times. For this purpose, they borrowed more than 14 billion US dollars.

In the following year of 2001, the memory market was as depressed as it is now, and it was a time when major manufacturers were losing money in competition. Hynix, which had changed its name, suffered a huge loss of US$2.5 billion that year, resulting in the inability to repay the debt owed during the acquisition of LG Semiconductor as scheduled. of huge loans.

Just like now, all memory manufacturers are looking forward to Hynix closing down as soon as possible and allowing market prices to rise as soon as possible.

When the creditors saw it, they immediately became anxious. They all tried to find a buyer to sell Hynix while it still had a few pounds of nails, so as to recover some losses. For this reason, they found Micron.

Just like Morgan Stanley acquired Bear Stearns, Micron also took the opportunity to quote a low price, but the workers at Hynix quit. They sent a statement to Micron, claiming that once the acquisition was made, all employees would resign collectively - South Korea was not excluded. The government is behind it.

Now, the American man who likes to fly airplanes (the founder of Micron likes to play with airplanes, and ended up risking his own life because of it) couldn't take advantage.

Then, South Korea's Exchange Bank took action again and selected a new person in charge for Hynix. The new person in charge formulated several recovery plans that surprised creditors. In addition to gradually transferring the creditors' shares to the stock market - to put it bluntly, Another most important plan for ordinary people to actually take over is to build a new 12-inch wafer factory in China.

As soon as the news came out, several major cities in the country took notice. In the end, WX won the project. Hynix actually invested 250 million in this project with a construction investment of at least US$2 billion.

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

More importantly, this project gave hope to those who were eager to sell Hynix at that 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).

Today, Qimonda is not affected by Germany, Portugal, or the EU. It does have a factory in the United States, but at this time, how can the United States have the energy to save it? They have enough baggage on their own.

"The main reason is that the parent company Infineon doesn't want to take care of it, so these government agencies naturally won't take care of it," Cummins said.

“Infineon is really unfortunate,” Cohen laughed. “In 2006, they separated the memory department and established a new company, Qimonda. In August of that year, they sent Qimonda to New York. was listed on the market, but that listing was not very successful. It was originally priced at US$16 to US$18, but the listing price was only US$13.”

"As a result, Infineon reduced the number of shares released. This can also be considered as their confidence in Qimonda. However, they did not expect that in less than three years, the 77.5% of Qimonda shares they held not only failed to bring Instead, their financial reports are getting uglier year by year, and their losses are getting bigger year by year. They have suffered losses for 7 consecutive quarters. It is estimated that Infineon may also be listed by the New York Stock Exchange in the future. and Frankfurt delisted,”

Haha, then this is really a cheating story.

Mercedes-Benz moved forward. Feng Yiping listened to Cummins and Cohen's reports. The more he listened, the more he felt that the prospects of this merger were very optimistic.