Chapter 1148 Rainy Night Warmth
The time to start negotiations should be when things are starting to get worse, not when things are already getting worse or worst.
As the situation gradually deteriorates, the negotiating partner will gradually lose confidence in resistance, and it will also make the third party cautious and afraid to act rashly because they cannot see through the changes in the situation.
Zhang Ge doesn't mind paying a premium of 100 to 200 million US dollars for the acquisition of Hyundai's TFT-thin-film liquid crystal-business assets. He is more worried that Samsung or these Korean electronics companies will stand up and become an obstacle to the acquisition. Novel chapters are updated the fastest
Zhang Ge stared at the quiet night outside the window, many things would not be as simple as expected, he waited for Chen Xinsheng to send the purchase to his mailbox, and when he heard the reminder of the purchase email, he sat down in front of the computer and seriously made the purchase plan .
The Asian financial turmoil has deeply affected the Korean economy. The number of large groups supported by the Korean government went bankrupt and closed even more than one-third of the total number in the financial crisis. Hyundai Group and LG Group, and even Samsung Group were pushed to the brink of bankruptcy by the financial turmoil in 1997 and 1998. In order to cope with the financial crisis, the South Korean government reorganized the business and assets of large group companies. The merger of Lg Semiconductor and Hyundai's semiconductor business unit into Hyundai Semiconductor was the most important part of the original Korean economic restructuring plan. This is also a manifestation of the will of creditors. "Fiction" novel chapters are updated the fastest
After the reorganization, Hyundai Semiconductor was led by Hyundai Group and became the second largest chip manufacturer in the world; but this kind of reorganization and merger under external pressure cannot be regarded as a happy marriage. Although Hyundai Semiconductor is under the leadership of Hyundai Group, in fact Lg Semiconductor has always opposed Hyundai Group's management and control of its semiconductor department, which made Hyundai Semiconductor full of contradictions at the beginning of its establishment and has been unable to escape from the negative impact of the financial crisis. .
In 1998 and 1999, the wave of new technologies was turbulent, and the demand for chips in the global market rose steadily, but modern semiconductors still suffered huge losses. The patience of creditors and shareholders has become limited, and they are determined to separate Hyundai Semiconductor from Hyundai Group to prevent Hyundai Semiconductor from dragging down the entire Hyundai Group.
Now that the new technology bubble has collapsed, the crisis in the stock market will spread to the real industry sooner or later. If the problems of modern semiconductors are not solved cleanly, the situation will become more and more serious.
The purpose of stripping Hyundai Semiconductor, the world's second largest chip manufacturer, from Hyundai Group is to sell it at a good price. In order to better find an acquisition target, before stripping Hyundai Semiconductor from Hyundai Group, some non- The core business is spun off from Hyundai Semiconductor.
In February 2, TFT-business started as a non-core business from the company. Hyundai Semiconductor was spun off and established as an independent company. The company is now under the supervision of a creditor committee composed mainly of South Korean state-owned banks, and has no close relationship with Hyundai Group.
Thin film liquid crystal TFT-technology mainly originated from Japan,
In the middle of the 1990s, the South Korean government vigorously supported the LCD industry and invested in the construction of a large number of third-generation and fourth-generation lines. Even now, thin-film liquid crystal TFTs are only mainly used in notebooks; throughout the 1990s, the global sales of notebooks were quite limited. The market demand for liquid crystals was not strong, but it was a technology- and capital-intensive industry. Early investment in TFT -The manufacturers of - have continued to lose money, just like Samsung, although it is currently the world's largest TFT-thin-film LCD manufacturer, it has been losing money for seven consecutive years, and it turned into a slight profit last year.
Even after losing money for seven consecutive years, even in the worst season of the financial crisis, Samsung has no intention of giving up the TFT-business of thin-film liquid crystals, and is firmly optimistic about the future market prospects of TFT liquid crystals.
The Asian financial crisis and the sharp depreciation of the exchange rate of the Korean won made it more favorable for the export of Korean won electronic components. At the same time, it became the world's largest notebook assembly base. All these factors made the thin-film liquid crystal TFT-industrial recovery in South Korea ahead of schedule and took advantage of the trend. The global market share from The 8% before the outbreak of the financial crisis in 1997 increased to 34% at the end of last year.
Although South Korea's thin-film liquid crystal TFT-industry has achieved industry-wide profitability in 1999, and the market prospects have become increasingly clear. Samsung and other Korean electronics companies have strengthened their determination to invest in thin-film liquid crystal TFT-business, but the creditors behind the company do not There is no long-term willingness to operate. What's more - if the company wants to continue to operate in the long run, it will immediately consider raising huge sums of money to launch a new generation of thin-film LCD production lines, otherwise it will face the fate of technology and production being eliminated. Instead of raising huge sums of money to take risks, it is better to sell it at a good price as soon as possible...
As early as 1997, Zhang Ke determined the direction for Kumho to develop the TFT-industry, and let the relevant production and technical departments make active preparations for this.
In 1997, four or five companies in China had sTn-LCD production capacity and relatively complete technology. Kumho still imported complete sTn LCD technology and equipment from abroad as its key industry exhibition, and established it under the Aida Group An independent crystal screen electronics company is responsible for the development of LCD panel business.
later...