Reinventing the Millennium

From July to September, in less than two months, from the time Qualcomm announced the acquisition of Avago to the latter accepting the offer, a semiconductor acquisition case seemed to have returned to its starting point.

During this period, China Industrial and Commercial, FTC, Intel, Yike, Broadcom and other factors have entered the market, and Qualcomm's stock price has also experienced ups and downs. However, the most chaotic thing may be the two parties. They directly changed their positions and made a buy deal. The roles of selling are reversed.

Avago's desire for capital failed, and in the end it was supplemented by Qualcomm.

With Avago's board of directors surrendering, the acquisition has reached the final stage and needs to be reviewed by different countries and regions around the world before it can be completed.

But for Qualcomm, it is good news not to have to go through China, which has already rejected it once.

Although the acquisition is still short of the final step, Qualcomm head Jacobs and Avago head Chen Fuyang have jointly appeared in San Diego, Qualcomm headquarters, and jointly accepted interviews with the media.

Jacob was quite excited in front of the camera. When asked by reporters about Chen Fuyang's position, he declared with an unquestionable attitude: "Obviously, Mr. Chen will become an important part of Qualcomm. There is no doubt about this. He has Astonishing talent, Qualcomm also has greater room for display."

When Chen Fuyang next to him heard this, he smiled very happily and nodded repeatedly: "Although the merger of the two companies has not been completed yet, I can't wait to contribute to its new future."

The reporter saw that the two were very harmonious and raised an imminent hidden danger: "Intel has also made an offer for Broadcom. Everyone knows that Broadcom is also a very good semiconductor company, otherwise Qualcomm would not have tried to acquire it before. If Intel’s acquisition is successful, what preparations does Qualcomm have to make in the future?”

This question was posed to Jacob, causing the smile on his face to freeze. Then he humbly gave the opportunity to answer to Chen Fuyang, and Chen Fuyang also humbly gave it back. The two people pushed each other, and finally it was CEO Ya Ya Kabu gave the answer.

Chen Fuyang feels that it seems that the position of CEO is more appropriate to respond to such a question. Everything must be done in accordance with procedures. Jacob is still the current CEO, and maybe he can continue to be the CEO.

He now has two plans in mind. Anhua Gao has already made a bet. If he can't compete with Jacob, he may go to Mr. Fang to find a job. Yike WLS seems to be missing a person in charge.

However, although Yike WLS has a breakthrough in baseband and is likely to cooperate with Intel, it can only be used as a springboard for transition.

Whether it is Qualcomm acquiring Avago, or Yike withdrawing from the joint acquisition of Broadcom, or Intel insisting on acquiring Broadcom, every recent trend proves that the semiconductor field is still very sensitive.

Even though Chen Fuyang has met Mr. Fang's friends in the United States, he doesn't think he can solve this problem. Otherwise, Yike will definitely not withdraw from the joint acquisition of Broadcom.

In this case, WLS is a good place for transition.

Chen Fuyang has considered many aspects and is still quite nervous about the upcoming power seizure. As the new head of Qualcomm, this is his best choice.

After finishing his public appearance with Jacobs, he returned to the hotel and communicated with several shareholder representatives, successfully keeping the tension going until the early hours of the morning.

Chen Fuyang poured himself a glass of red wine, thinking about the other Zhen Fangzhuo in New York, and thinking about his power grab over Sina just a few years after his debut, and he finally calmed down a lot when he sighed in his heart.

Everything is ready, now is just the right time to break out.

After enduring it until the afternoon of the next day, Chen Fuyang called Mr. Fang to discuss the current situation, thinking that he could try to give Qualcomm or Jacobs a personal twist to prompt him to stand up.

Fang Zhuo listened quietly to Chen Fuyang's thoughts and gave his own opinion: "Mr. Chen, when things have reached this point, there is no need to do any more conspiracy. From the perspective of shareholders, the CEO of the company cannot manage the company's stock price well for such a long time. , is already very incompetent, I believe you can clearly feel their dissatisfaction through your communication with them during this period."

"They contact you and support you, not to oppose Jacobs, but to hope that you will lead Qualcomm forward after becoming CEO."

"As soon as the review is approved, that's the best moment. You don't have to hide. Instead, you just need to stand upright, express your courage to take responsibility, and carry the Qualcomm banner openly. That's enough."

"CEO, a capable person should be in charge."

"You are better than Jacob. This is the best start after forming a new Qualcomm."

Regardless of whether Chen Fuyang's call was to urge China to fight against monopoly again or to lobby for competition with Intel Corporation, Fang Zhuo did not intend to communicate more and directly expressed his views with half-truths and half-falsities.

The fluctuating Qualcomm has already accumulated dissatisfaction. Originally, Jacobs had to sit on it calmly when there was external siege. But now that there is an opportunity for mergers and acquisitions, if the new leader can calm down the situation as soon as possible. The hidden promise is naturally more attractive.

What Chen Fuyang can currently offer is to reduce the punishment of China Anti-monopoly to solve this disadvantage. He can also start patent negotiations with Yike to weaken this disadvantage. In addition, he is good at capital operation, which will help boost the stock price.

It doesn’t matter what others think of what Qualcomm’s CEO should do. Shareholders’ requirements for CEOs and stock price are a required course.

Chen Fuyang felt that Mr. Fang was more confident than himself, and he was somewhat encouraged.

Of course, Mr. Fang gave this opinion because he hopes that the internal conflicts within Qualcomm will become more acute. I don’t think Mr. Fang is a good person. It is normal for everyone to say true and false things based on their respective positions. , understandable.

Listen to Mr. Fang’s suggestions, analyze his position, consolidate his support, and extract the useful parts.

Chen Fuyang thought that since he had time now, he could fly to New York and ask Mr. Fang for advice in person. After all, this person could be regarded as a good mentor on the road to seizing power.

However, before others arrived, new news from the East quickly spread. It was rumored that China asked Qualcomm to completely abolish the current patent licensing model.

Chen Fuyang noticed Qualcomm's suppressed stock price and wondered whether this was what Mr. Fang said: "No more conspiracies are needed."

Probably, what comes out clearly is not considered yin.

Chen Fuyang got the news that Jacob was flying to China in a hurry, and knew that he was going there to mediate. But before the Qualcomm CEO landed, the most worrying part was settled.

FTC approves Qualcomm's acquisition of Avago.

The arrow is on the string, ready to go.