Chapter 2846: Incomprehensible

Leave the airport and go west along the Isar River. After half an hour's drive, you can see the scattered spiers above the green trees and red roofs. Munich has arrived.

They drove directly to the Hilton Park Hotel next to the English Park, which is the best overall hotel among Hilton's three hotels in Munich.

The appearance of this hotel is square and unremarkable, well, very German.

Not too high, well, very Munich.

Because Munich has long stipulated that buildings in the city cannot exceed 36 meters. There are too many people but too little land, so you can be so arbitrary.

But the environment is quite good. It is right on the bank of the Isar River, next to the vast English Park. Looking around, it is full of greenery, which makes people feel relaxed and happy.

"Infineon CEO Peter Bauer has invited us to stay at the Kempinski Hotel in the city center several times," Cummins said when entering.

There are festive red lanterns hanging on the door, but the lanterns and the hotel are a little awkward.

"Really? That's quite enthusiastic," Feng Yiping nodded towards the hotel manager waiting at the door.

Although Hilton is also a 5-star hotel, this Hilton is probably different from the Kempinski recommended by Peter Bauer.

After all, it was the earliest luxury hotel group in the world, and Germany was its home base.

But just like Geely's bosses can't get in and out by Mercedes-Benz (maybe this is the reason why they invested in Daimler?), where there is a Hilton, Feng Yiping and the others certainly can't stay in other hotels.

Cummins and the others would be even less able to stay in other hotels - do you still want to be reimbursed for accommodation expenses?

Of course, since Peter Bauer invited them to Kempinski, he would definitely not ask them to pay.

“Very enthusiastic,” Cohen said.

Their words made the general manager who was greeting him feel a little embarrassed, so am I not enthusiastic enough?

Normally, Feng Yiping would still have time to chat with them, but this time he really couldn't care about the people in the hotel. He said to Cummins and others, "Fifteen minutes... no, we will meet in the conference room in ten minutes."

The hotel manager accompanied Feng Yiping and the others to the presidential suite with some trepidation. Not surprisingly, the room was also decorated with red lanterns. Not only were there bright red Chinese knots on the wall, but they also had the word "Fu" posted on them, which they actually knew how to do. There are also several window grilles on the floor-to-ceiling windows.

Feng Yiping felt that if he added a handkerchief, everything would be complete, and he could dance a duet immediately.

Oh yes, it would be best to put another couplet on the door...

"Thanks," he nodded toward the manager.

The manager immediately became happy and ran over to open the door of the study room. "This is your office."

Feng Yiping looked around and found that this place was quite to his liking. It was simple and bright, "It's very nice, thank you."

At this time, Wu Qian and two people took out the documents from the bag and put them on the table. The manager quickly exited and said, "There is an open-air lounge on the top of the building. You can use it at any time."

It seems that he really understands Feng Yiping's preferences.

At this time, Amanda had pulled Huang Jingping to the balcony, pointed at the spiers in the city, and started chattering.

Feng Yiping had just washed his face. Before he could explain tomorrow's arrangements to his daughter, Wu Qian came over to report, "Yiping, Cummins said that Peter Bauer from Infineon has arrived."

Feng Yiping was stunned. Are you so impatient?

…………

Infineon CEO Peter Bauer is a middle-aged man who is almost 50 years old. His hair is gray and somewhat sparse, but his beard looks thicker.

He seemed to be in good spirits, but Feng Yiping always subconsciously felt that his whole body, just like the color of his beard, was a little sad.

"Hello Feng, welcome to your arrival," Peter Bauer stood up immediately when he saw Feng Yiping walking in.

He shook hands very hard, and when he saw Feng Yiping, a red light seemed to come out of his small face. It looked like the poor people finally saw the People's Liberation Army, dear ones!

Feng Yiping was a little uncomfortable with his enthusiasm. He was too rushed. How eager are you to get rid of Qimonda?

"Nice to meet you,"

For the first time, he felt that his polite words were too inconsistent with the other party's enthusiasm.

So he said politely, "Infineon is a company that I respect very much. When I came to Munich last year, I wanted to pay a visit, but time was too tight at the time."

"Feng, you are flattering," Peter Bauer's face turned red again.

How can Infineon still deserve Feng Yiping's respect now?

A few years ago, Infineon's market value was as high as 69.4 billion euros. Now, haha, it is only less than 1 billion euros.

When the stock price was at its highest, it was as high as more than 80 euros per share, but now it is less than 1 euro.

His predecessor, Wolfgang Gelbart, resigned in disgrace because of this. If the current trend continues, he is likely to follow in the footsteps of his predecessor. How could he not be in a hurry?

Peter Bauer, who joined Siemens in 1986 and later joined Infineon when Siemens spun off Infineon, and has been on the Infineon board of directors since 1999, regrets most now that he spun off the memory department in 2006. After the establishment of Qimonda, it did not sell off its 77.5% stake in Qimonda through listing.

If I had known this, even if the transfer was at a cabbage price, it would be much better than the current situation.

The main reason why Infineon has performed so poorly in the past two years is that it was dragged down by Qimonda.

Due to the decline in business and market prices, Qimonda suffered a huge loss of 1.481 billion euros in the first three quarters of last year alone, and Infineon also borne more than 2 billion euros in expenses for Qimonda in the first six months before Qimonda released its third-quarter financial report.

In April 2008, they were forced to write down Qimonda's book assets by 1 billion euros, which led to Infineon's second-quarter loss of 1.37 billion euros. Later, with the release of Qimonda's third-quarter report for the 2008 fiscal year, it further wrote down Qimonda's book assets by 411 million euros...

Such a pitfall, really, he now dreams of getting rid of it. If possible, not only does he not want money, he would rather pay a dowry, as long as he doesn't bother them anymore.

"Feng, you should also know our current situation. In the third quarter of last year, we laid off 3,000 employees to save costs. Now, layoffs have become an option we are considering,"

"We are in the stock market..." He smiled bitterly, "especially in the US stock market, you should also know that our stock price is too low, so it is not in the company's interest to continue trading,"

"In order to reduce the relevant expenses of listed companies, we are all considering delisting from the New York Stock Exchange,"

This made Feng Yiping a little unsure whether he was being frank or a desperate measure.

"Mr. Ball, we all understand that the current difficulties are all due to market reasons," he said, "In recent years, like Infineon, semiconductor companies that were born out of well-known IT giants have generally faced some difficulties,"

It is true. In recent years, it is not just Infineon that is in a recession. Some well-known semiconductor companies, such as Freescale, which was born out of Motorola, Agilent, which was born out of HP, and NXP, which was born out of Philips, have not had a good time. Among them, more than one or two have experienced secondary restructuring.

"We..." Peter Bauer smiled again, "Feng, we know that the companies acquired by you have all developed very well,"

"You are too kind," Feng Yiping said immediately.

At such a time, such a compliment from such a person, of course, cannot be accepted happily.

This actually means that Feng Yiping has a very accurate and excellent vision, and can always find companies with great development prospects... Then, this is a good reason to raise the price.

"The reason why Qimonda has developed to its current level is not because of backward technology or low management level, but mainly because the cost is too high. In China, there are the best workers in the world, and more importantly, China has the largest market demand,"

"Therefore, we think that Qimonda is most suitable to be taken over by a company from China,"

This is a bit like a mother-in-law praising her daughter and son-in-law for how well they match each other. If you miss this village, there will be no such shop. The next step should be to make various demands.

Therefore, Cummins smiled and said, "China has a lot of huge demands, and we have sufficient funds now, so we are willing to make some attempts. However, as for memory companies, we know that Qimonda is not the only option."

"After all, all memory companies are in a bad situation recently."

"Qimonda will definitely be your most ideal acquisition target," Peter Bauer said affirmatively.

After saying this, he actually said goodbye, "I know you just arrived, I won't bother you, see you in the evening,"

This made Feng Yiping a little surprised. You rushed to meet just to say these?