Chapter 2880 Twists and Turns

At first glance, 800 million US dollars sounds very inconsistent with Qimonda. After all, Qimonda has been the second largest manufacturer in the storage industry for a long time, and it still had more than 10% of the market share in the first half of last year. .

It is also a leader in the 300mm wafer industry and one of the largest suppliers in the storage markets such as personal computers, servers, and consumer electronics.

Not to mention, Qimonda also has 5 factories around the world, including a 300mm wafer fab in Germany and the United States.

The initial investment for such a factory is more than US$2 billion.

The acquisition price is only US$800 million?

Isn't this also a joke?

But considering that Qimonda is on the verge of bankruptcy, this price can really brighten Mr. Luo's mood.

Why did Qimonda go bankrupt? Because in this money-losing war that has lasted for three years, it has lost all its capital and has no more money to lose. It is now insolvent.

Gary Cohn of Goldman Sachs brought some data. Because of Goldman Sachs' advantages in the United States, they have roughly figured out the situation of Qimonda in the United States. Qimonda has two companies in the United States. From the financial report, the assets are naturally It is more than 1 billion US dollars, but at the same time, there are also so many liabilities.

In other words, if you only consider it from a financial perspective, even if you bid $1 to acquire it, it cannot be said to be low - provided that you must bear the corresponding debt.

The assumption of debt has been affirmed in the last Samsung agreement. This can be said to be the prerequisite for Qimonda to be acquired.

Mr. Luo couldn't help but sigh at this time. His persistence was indeed correct. Look, I am about to give everyone a satisfactory explanation.

First, he decided to make a counteroffer.

Since they are quite sincere in offering 800 million, it means that Samsung really wants to acquire Qimonda. This is the basis for the counter-offer.

"Li, your quotation makes me feel sincerity. You may not know that because of yesterday's quotation, some of our shareholders are not in favor of contacting Samsung again,"

The other person smiled.

Regarding this issue, he has given you a very sincere explanation from the beginning, and now he does not want to waste any more words.

Besides, from what you say, it seems like Qimonda really has many options.

"This quotation is the best affirmation of those opinions, but Li, considering Qimonda's existing assets, especially," he emphasized, "the huge number of patents we hold,"

"Since being affiliated with Siemens and becoming independent from Infineon in 2006, Qimonda currently holds more than 8,000 patents,"

"These more than 8,000 patents are our core and most important assets. We believe that many of these patents will help Samsung further improve the advantages of storage products and completely establish Samsung's leadership position in the storage field,"

President Li smiled slightly and said, "Mr. Luo, if a company like ours doesn't have nearly 10,000 patents, it would be hard to justify, right?"

When the people at Samsung saw this, they all laughed. Yes, as one of the giants in the storage industry, who doesn't have patents?

Mr. Luo glanced at the other side.

Generally speaking, people with good acting skills can more clearly see through other people's reactions, whether they are real or just acting.

President Li, who comes from a wealthy family and has been exposed to it since he was a child, has profound skills. He can't see the reality for a while, but there are still a few at Samsung, and they are still a little behind in this aspect.

He concluded at a glance that Samsung did not really care about Qimonda's patents as President Li said. On the contrary, they should care a lot.

Mr. Luo probably understands the reason for this. Samsung itself should also have a large number of patents. If Qimonda's more than 8,000 patents are added to it, it will be very helpful for them to establish patent barriers.

Patent barriers are what leaders in any industry want to do most. It can be said that there is no end to the improvement of patent barriers.

He wanted to add fuel to the fire, "Among the current mainstream storage products, Qimonda's advantages are very obvious, that is, we are proficient in trench-type technology and have successfully introduced superposition production technology. "

"Our own factories, as well as the foundries we cooperate with, can quickly provide these two types of memory chips produced using different processes at the same time as required,"

"As a world-class mobile phone company that also has its own storage company, I think Samsung must know better than anyone else what this advantage of Qimonda means."

"For other industries, products produced using trench technology may have shortcomings of one kind or another, but for smartphones that are about to usher in great development, because they consume less energy and are equipped with trench memory The hardware performance of mobile phones will definitely be better,"

When he first talked with Feng Yiping, he emphatically mentioned this point. After that setback, he improved this point accordingly.

"Samsung should know better than us. After the development of smartphones, competition will also be very fierce. By then, even a small advantage can bring great help to Samsung,"

"...Others, including Qimonda's existing market share, I think you should be as clear as we are,"

"So," he looked across the street, "we believe that, with other conditions remaining unchanged, only US$1.2 billion can truly reflect the value of Qimonda."

Second, Samsung's offer yesterday was $120 million, which was exactly one-tenth of what they wanted to offer, so they felt humiliated and didn't even want to bargain.

Mr. Luo was thinking well at this time, you offer 800 million, I offer 1.2 billion, and then everyone compromises and gives in, and finally, 1 billion is sold, Bingo!

Such a big deal, in the end, is really no different from ordinary people going to the market to buy vegetables.

President Li on the opposite side still had a smile that made it difficult to tell the depth. He waved his hand slightly, "Luo, your statement is very wonderful, but for this offer, we have taken all factors into consideration. 800 million US dollars, this is our final offer."

Although he said this in a gentle voice with a smile on his face, everyone felt the determination in his words.

Just 800 million US dollars, no room for negotiation!

Mr. Luo was a little frustrated. 1 billion US dollars, that's really a great number.

Could it be that this rich man is unwilling to bargain for money like ordinary people?

But it seems that you Samsung can't be that generous.

"Li," he wanted to try harder. The transaction price must be negotiated between us, right?

"Mr. Luo, regarding the debts undertaken by Qimonda and the $800 million, we have some additional details," said President Li.

Someone on the other side immediately distributed a document to them. Mr. Luo took it and looked at it, and his brows frowned.

This so-called additional details is actually Samsung's arrangement to repay Qimonda's debts. After the two parties reached an agreement, the first thing to be returned was the German government's total subsidy of 280 million euros to Qimonda.

Mr. Luo understood this very well. Asian companies are particularly concerned about their relationship with the government.

The second priority is Qimonda's most important partners, such as Inotera and Winbond, which are Qimonda's OEMs.

Next, a new agreement is reached with various banks...

Finally, it is the payment of the $800 million, or it can be said that it is compensation for shareholders and Mr. Luo's management team - this is also the reason why he cares so much about the price.

As for the payment of the $800 million, there is also a sequence, and Mr. Luo and his management team are put at the end.

This... is really tantamount to a slap in the face.

The meaning of doing this is that Samsung believes that the biggest contributor to Qimonda's bankruptcy is their management team.

Mr. Luo can actually tolerate this, as long as he has money, but judging from Samsung's details, he will have to wait two years at the earliest to get his compensation, which is a bit intolerable.

Who knows what will happen in two years?

Think of the worst. Will your Samsung semiconductor company exist in two years?

Considering that the economic situation this year will be very bad, Samsung took over Qimonda, the storage market is still in oversupply, and Samsung's losses are the largest... It's really possible.

Who will I ask for money at that time?

He calmed down his anger a little, "We can understand that under the current situation, Samsung's financial situation may be a little tight,"

He obviously noticed that President Li's expression changed for the first time. He knew that he was right and Samsung was also short of money.

Then why are you so awesome?

"But my duty requires me to insist that the first thing to be in place is the $800 million, by the way, at least $800 million,"

For the first time, the people on his side collectively agreed with him, "Yes, this money comes first!"

Just kidding, this is a matter of personal interest.

The other side smiled, "I think we have reached a gratifying consensus in this meeting, so why don't we take a break and continue in the afternoon?"