Resource Tycoon Reborn
Chapter 313 New Proposal
"Director Zhan De, I heard that your company seems to be interested in acquiring the set-top box manufacturer General Instrument Company in the near future. Is it true?" Fang Mingyuan asked "casually".
Zander nodded. This is not a secret. Motorola has been negotiating with General Instruments for nearly half a year. At present, the main obstacle between the two parties is the acquisition price, and they have not yet been able to reach an agreement. Regarding the future set-top box market, Motorola
The company is very optimistic about its future. Although Motorola has relied on its rich experience in the digital TV industry to launch a series of reliable and high-performance digital TV set-top boxes for the market. This time, Motorola intends to acquire set-top box manufacturer General Instruments.
In order to further expand its share in the world set-top box market.
"I'm afraid the required acquisition funds are more than 10 billion US dollars, right?" Fang Mingyuan said casually, "The financial pressure on your company is not small, right?"
"Haha!" Zander laughed. General Instruments' asking price was as high as 19.5 billion U.S. dollars, but Motorola was only willing to pay 15 billion U.S. dollars. The difference between the two quotations was negotiated.
Now, the main reason why it has not been achieved yet. However, what does Fang Mingyuan mean by asking this?
"The future prospects of set-top boxes are still very good. With your company's dominant position in this market, after acquiring General Instruments, the prospects are limitless." Fang Mingyuan seemed to have no intention of pursuing the question, and continued, "Throw it away.
Taking a loss-making department and acquiring a more dynamic and promising company will not only reduce your company's financial pressure, but also change your company's loss-making situation in recent years. Isn't this killing two birds with one stone?"
Zhan De smiled and said: "Mr. Fang, as the oldest department of Motorola, the semiconductor business department has a special status in Motorola. Although in recent years, its performance has been poor, and even...
It has dragged down the performance of the entire company, but many directors who have special feelings for it still believe that this is just a temporary phenomenon. With the changes in the global market, the semiconductor business unit will one day get out of the predicament. Especially our directors
Mr. Erwin Chang is firmly opposed to the sale of the semiconductor business unit, so..."
Fang Mingyuan shook his head slightly and said: "Mr. Zircon, as a member of the founding family of Motorola, he has a special affection for the company. I can understand this. However, sometimes, if you insist too much on something, you will end up with it.
It will hinder the company's development. Your company made mistakes in the Iridium satellite project and suffered heavy losses."
Zander nodded slightly. He was in favor of spinning off the semiconductor business unit from Motorola, thus shifting the focus further to core businesses such as mobile phones. But this kind of thing must be decided by the company's board of directors. Although he is the company's
Senior managers can only implement the decisions of the board of directors.
"But it doesn't matter. It's normal for such a large acquisition to last for one or two years." Fang Mingyuan shrugged and said with a smile, "I personally think that in the next two to three years, global semiconductor
The market will still be in a period of contraction, and your company's semiconductor business unit will also experience the test of severe winter in the next few years, and by that time, I'm afraid you, Director Zander, will beg me to acquire the semiconductor business unit!" In fact, if
Not to catch up with the world's semiconductor industry as soon as possible, but purely from the perspective of maximizing benefits with minimum investment, it will be the most appropriate time to make an acquisition request to Motorola in two years. By that time, Motorola will
Even if you want to pay for it, you still have to separate the semiconductor business department.
Zhan De looked at Fang Mingyuan thoughtfully. If Fang Mingyuan hadn't said this, he would probably have sighed in his heart. Compared with previous years, the semiconductor industry market has already recovered significantly. Nasdaq Composite
The index has been soaring, and the Internet industry has become an upstart favored by capital. The semiconductor industry has also benefited from this. People are generally optimistic about the market outlook. However, anyone who understands the process of the Fang family's fortune will never underestimate Fang Mingyuan's opinions.
"Mr. Fang, you know that our Motorola company has a project in the Qingxi Economic Development Zone in Jincheng, China, right?" Zhan De said suddenly.
Fang Mingyuan thought for a while and said: "That chip factory that is said to be the first and largest in China? Didn't the project be established in the mid-1990s? You also trained more than 200 Chinese technical personnel for this project, claiming to have invested ten
Billion US dollars. However, if I remember correctly, it seems that this project has not officially introduced production equipment?" Recently, he had really filled in a lot of information about Motorola, so as soon as Zander said it, he remembered it
.
"Yes, although the factory has been built and your government has already approved it, due to the ongoing slump in the semiconductor industry, the board of directors has been divided on when the factory project will be fully launched." Zhan De explained. This factory
, has now become a worry for the Board of Directors of Motorola. Give it up. A lot of money has been invested and personnel training has been carried out. More importantly, this will definitely cause harm to the Chinese government and the Jincheng government.
impression. However, if we want to continue investing, we are worried that once it is officially put into production, there will be insufficient output. Motorola also closed two chip factories in the United States last year. However, delaying this is not an option. The Chinese government and the Jincheng government
Motorola has been urged many times to invest in fully launching the project as soon as possible. If it continues to be delayed, there is no suitable reason.
For this useless project, Motorola's board of directors has met many times to discuss it, but there has never been a solution that has the best of both worlds.
"Is Mr. Fang interested in this project?" Zhan De asked with a smile.
Fang Mingyuan glanced at him in surprise and said, "Director Zhande?" This project is currently an empty shell, with nothing except land and factory buildings!
"I mean, is Mr. Fang willing to invest in this project?" Zhan De explained. He also had an idea. Since Fang Mingyuan intends to acquire Motorola's semiconductor business unit, these chip manufacturers should also be interested. Qingxi
Even now, the chip factory is one of the largest in China in terms of theoretical scale. If the Fang family is willing to take a stake and share part of the construction funds, Motorola can also reduce some losses if the production efficiency is not good.
Fang Mingyuan pondered for a moment. Zander's proposal was somewhat unexpected. As far as he knew, Motorola had many investment projects in China, but except for the Qingxi chip factory project, all other projects were joint ventures with Chinese companies.
. He originally thought that Motorola would attach great importance to this sole proprietorship project, but now it seems that his judgment was somewhat biased.
"How many shares is your company willing to give up?" Fang Mingyuan said, "Furthermore, what is the future technical level of the Xiqing chip factory?"
Zhan De secretly breathed a sigh of relief. As long as Fang Mingyuan is willing to ask for details, it means that there is still room for discussion!
"I can guarantee that the Xiqing chip factory has at least an eight-inch chip production line using 0.18 micron technology. We can give up no more than 40% of the shares." Zhan De said immediately.
"An eight-inch chip production line with 0.18 micron technology?" Fang Mingyuan nodded. Although it is not the most advanced production technology in the world, it can still be regarded as a mainstream technology. It is impossible for the Americans to allow the most advanced technology to enter China.
.Motorola is still very sincere.
Zhan De looked at Fang Mingyuan who was deep in thought, and his heart was filled with 15 buckets of water - up and down. Although it was just a momentary idea, Zhan De felt that his proposal was very likely to be successful.
Obtain the approval of the board of directors. In this way, the Xiqing chip factory project will be launched to avoid breaking trust in front of the Chinese government. On the other hand, it can also avoid the company from suffering too many losses. Moreover, in this way, it can be regarded as an agreement with Fang Mingyuan.
Personal relationships can kill three birds with one stone!
Fang Mingyuan raised his head and said: "I want 51% of the shares! Moreover, if Motorola plans to sell factory shares in the future, I have priority!"
Zhan De frowned at that time. If Motorola sells its shares in the joint venture factory in the future, other shareholders will ask for priority acquisition rights. This is also an international practice, and it is nothing. However, the controlling rights of the Xiqing chip factory are handed over to the Fang family. This
I'm afraid that Motorola's board of directors won't be able to pass it.
"Mr. Fang, there is no precedent for Motorola's investment in China where it is not the largest shareholder. If you ask for a controlling stake, then I can only say that the company's promise is very small." Zhan De said bluntly.
, "Forty percent of the shares is already the bottom line in my opinion!"
"So, can the chip factory be built in Tongyi City, Qinxi Province?" Fang Mingyuan said, "In the future, our Fang family will jointly build two wafer fabs with Samsung Group in Tongyi, and our Fang family's name
Mobile phone manufacturers and Deguang Electronics Group can give priority to chip factories for their demand for chips."
Zhan De couldn't help but feel moved by it. Although Fang Mingyuan's proposal was a bit sudden, if it was true that, as Fang Mingyuan said, the future product sales of the chip factory were guaranteed, it would be a good choice. But in this case, it would be a good choice.
How to explain to the Jincheng government? That is also a municipality directly under the Central Government of China, and its influence on the Chinese government's economic policies cannot be ignored by Motorola.
This is a dilemma. (To be continued. Please search Piaotian Literature, the novel is better and updated faster!)
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