Resource Tycoon Reborn
Chapter 839 Overcapacity is not terrible
In fact, Fang Mingyuan had another idea, and it was naturally impossible to tell Li Yinghao everything, because he knew that 2008 and 2009 could be said to be the peak period of Nokia Group. After these two years,
In the global mobile phone market, Nokia Group has begun their decline! Although he does not know what the outcome of Nokia Group will be after 2012, he is certain that this company in the mobile phone industry will
The giant companies must have a very difficult life!
The decline of Nokia Group lies in the fact that it was so successful in the global mobile phone industry! It was so successful that its board of directors and management were all carried away, so much so that even the board of directors and management saw some shortcomings.
There is no way to turn it back from the wrong path!
In fact, Fang Mingyuan once considered whether to "save" Nokia Group back, but it was just a thought. Although he is the fourth largest shareholder of Nokia Group, with 7% of the shares, there was also a very
He holds the title of executive chairman, but because his focus has never been on Nokia, he has not achieved any greater results. Although he has a lot of influence in the company, it is much worse than turning the tide! And
, he has more shares in Samsung Group and Apple, and he also has the biological son of Xinyi Group. If Nokia does not fall, where will their room for growth be? Instead of working hard, and may end up making wedding dresses for others, why not
Simply treat Nokia as a cash machine, quit quickly, and sell your shares at a good price to support the development of other companies.
"That company that Qinchuan Samsung Automobile Group Company is acquiring in Russia..." Li Yinghao frowned and continued after a while, "Have the negotiations with that automobile manufacturer not been completed yet?" The Izhevsk automobile manufacturing plant is basically Kia.
car assembly plant in Russia, and in recent months, the number of parts purchased by the Izhevsk Automobile Manufacturing Plant from Kia Motors has dropped significantly. Although its original purchase volume was not large, in
In this day and age, mosquito legs are also meat!
Samsung Motors is now regarded as the private property of the Lee family, with subsidiaries Ssangyong Motors, Kia Motors and Qinchuan Samsung Motors Group, a joint venture with the Fang family. It can be expected that if Li Jianxi passes away in the future, Samsung Motors will
The shares of Qinchuan Samsung Automobile Group owned by the company will definitely be transferred to Li Xintong's name. This makes Li Yinghao secretly heartbroken, but he has no choice but to do so - Qinchuan Samsung Automobile Group has now become the largest shareholder of Samsung Motors.
Source of profit. But they would be even more reluctant to give up the shares of Samsung Group to Li Xintong.
"There are some lions in Russia who are talking too much, so the negotiations are not going smoothly." Fang Mingyuan said calmly, "However, considering the current economic situation in Russia, I think there will be at most one more negotiation for the acquisition of the Izhevsk Automobile Manufacturing Plant.
We will see the results in two months. By then, production at the Izhevsk Automobile Manufacturing Plant will gradually return to normal."
"By then, will Qinchuan Samsung Automobile Group's products have to be produced in Russia instead?" Li Yinghao cursed in his heart. However, he did not value a small Izhevsk automobile manufacturing plant too much.
Moreover, now that Samsung Motors is still the second largest shareholder of Qinchuan Samsung Motors Group, he can't stir up any trouble if he has any opinions.
Li Yinghao picked up the soju, gave Fang Mingyuan a sip, and then put down the glass and said: "I heard that Deguang Electronics Group Company is acquiring the assets of Qimonda Company? Is the trough period of the electronics industry coming to an end?
?”
The Qimonda company Li Yinghao refers to refers to a new memory company that was spun off from Infineon Technologies three years ago. It is now the third largest DRAM company in the world and a leader in the 300mm wafer industry.
and one of the largest suppliers of DRAM products for personal computers and servers. Many people may be unfamiliar with Infineon Technologies, but if its predecessor was the semiconductor division of Siemens Group, I believe these people will understand.
.
Before the outbreak of the economic crisis, the DRAM market had entered a downturn as early as 2007. The fundamental reason was overcapacity and oversupply! The outbreak of the economic crisis undoubtedly made the situation of these manufacturers worse! Qimonda Company
In May of this year, it was announced that because the parent company Infineon Technologies and the German government refused to provide help, it had to consider applying for bankruptcy protection from the German government!
This incident shocked the global industry at the time. This was mainly because Qimonda not only ranked third in the global industry in terms of industrial scale, but also was at the forefront of the industry in terms of chip research and development and 300mm wafer technology utilization. It actually both
It has been reduced to filing for bankruptcy protection. From this, you can imagine how much better the situation of other companies in the industry can be. Samsung Electronics Group is also one of the companies in the industry!
"Are you worried that Deguang Electronics Group will have a business conflict with Samsung Electronics after acquiring the assets of Qimonda?" Fang Mingyuan said with a smile, revealing Li Yinghao's unspoken thoughts.
Today's DRAM market has serious overcapacity and is in a market downturn. Qimonda's bankruptcy has undoubtedly made other companies in the industry breathe a sigh of relief - it accounts for 10% of the global market.
With a share of about 13, its withdrawal has given other manufacturers that can share its market share more room for survival.
However, if Deguang Electronics Group Co., Ltd. forcefully acquires Qimonda and rebirths it, everyone at Samsung Electronics may worry that it will once again become a strong competitor of Samsung Electronics in the future. Although, in that case, the two companies will
Both companies belong to the Fang family, but this does not mean that the two companies can live in harmony. Instead, we must take into account possible monopoly accusations in the future - if Qimonda's market share can ultimately be retained in full
, and then integrating the existing production capacity of Deguang Electronics Group Company, the DRAM sales of the two companies will account for more than 47% of global sales, and it is not impossible to occupy half of the global market!
Moreover, now Samsung Electronics can be said to be Deguang Electronics Group's largest supplier of chips. If Deguang Electronics Group acquires Qimonda, it will definitely squeeze out the share of Samsung products in this area in the future. This is also
This means that if Samsung Electronics wants to maintain its current market position, it must continue to develop new major customers. This will undoubtedly further increase operating costs!
Li Yinghao smiled and said nothing, obviously acquiescing to Fang Mingyuan's words.
"Deguang Electronics Group Company has no intention to fully acquire all the assets of Qimonda Company, nor does it intend to vigorously develop in the field of DRAM memory. Deguang Electronics Group Company's goal is to acquire some of the useful assets owned by Qimonda Company and its R&D department.
Fang Mingyuan said bluntly, "Moreover, this acquisition is to further consolidate Deguang Electronics Group's position in the industry, not to compete with Samsung Electronics. Although I think competition is necessary, unnecessary cannibalism is also
It’s meaningless.”
Li Yinghao breathed a sigh of relief in his heart. He believed that Fang Mingyuan would not and had no need to deceive him about this kind of thing. After all, although Samsung Group Company was operated by his father and son, he, Fang Mingyuan, was the controlling shareholder of Samsung Group Company.
The largest shareholder, Samsung Group has now formed a pattern of two major production bases in South Korea and China. On the Chinese side, it can be said that it keeps pace with its South Korean headquarters in terms of R&D and manufacturing, and in terms of production capacity,
The output of some products is still higher than that of South Korea! Although the operating rights of Huaxia's subsidiaries are still controlled by the Korean headquarters, Li Yinghao believes that Fang Mingyuan is absolutely capable of taking over at any time. By now, the relationship between the two companies has been decided
, although it is a lose-lose situation, the Samsung Li family's losses will be far greater than the Fang family's!
Although family ties are important, interests determine it. The "breakup" between the Samsung Li family and the Fang family will only cause the Li family to fall from their current status, and the fall will be harder and more painful than that of the Fang family!
Since Fang Mingyuan has no intention of personally or in other words pushing his sister Li Xintong to take up the position of chairman of Samsung Group after his father's death, Li Yinghao is worried. Now he is thinking more about how the Samsung Li family will be affected by the great influence of the Fang family.
More attention and support!
Fang Mingyuan was actually well aware of Li Yinghao's thoughts, so he gave him such a promise. Although Deguang Electronics Group Company did care about continuing to enrich and expand its product line and further improve its self-sufficiency rate, he
It still prevented the management of Deguang Electronics Group Co., Ltd. from intending to fully acquire Qimonda Company, and instead carried out key acquisitions.
Qimonda's business areas are mainly concentrated in the field of DRAM memory. Products include DRAM memory modules for computers, video memory for graphics cards, high-speed DRAM cache and flash memory chips in mobile storage devices. Among these, Fang Mingyuan values the video memory of graphics cards.
and high-speed DRAM cache production capabilities in mobile storage devices. It is self-evident that consumers will need mobile storage products in the future, and the Nintendo Wii game console uses Qimonda's GDDR3 graphics memory!
Of course, the most important thing in Fang Mingyuan's eyes is Qimonda's R&D capabilities, which is the top priority of this acquisition! As for the global competition in the field of DRAM memory, it is left to Samsung, which has already reached the top in this field.
It's good for electronics companies. Most of the profits will eventually fall into their own hands anyway, so it's not too eye-catching.
"By the way, will Samsung Electronics further expand the production capacity of DRAM memory?" Fang Mingyuan asked casually. Although there is a serious excess of DRAM memory production capacity now, although not long ago, the vice president of Samsung Electronics
Although Fang Mingyuan has come forward to call on the industry to restrain expansion of production, he does not believe that Samsung Electronics and its main competitors will be content with the status quo.
Although overcapacity and market downturn have greatly reduced the profit margins of these companies, causing frequent losses, and may even have to file for bankruptcy protection like Qimonda, no matter whether the market is prosperous or in a downturn, continuing to expand production capacity is actually inconsistent with
The interests of these large enterprises are still consistent. To put it bluntly, when the market is booming, large enterprises have relatively abundant funds. Continued investment and expansion can lay a solid foundation for further expansion of market share in the future! Moreover, excessive profit margins will
A period when market leaders coexist is not entirely a good thing. Although it will bring more profits to the company, it will also give opportunities to competitors and attract more capital to enter the industry.
.
When the market is in a downturn and there is overcapacity, these large companies already have relatively abundant funds and are more likely to survive the crisis than those relatively weak companies. If they can go against the market and expand production, they will not only be able to further improve their capabilities.
Market share can also make competitors worse off, making their situation more difficult, and even leading companies like Qimonda to be eliminated! Past market surveys have also confirmed this. The more the market is in a downturn, the performance of those leading companies
Market share will often increase further!
"Yes, Uncle Yin and the others do intend to further expand production capacity." Li Yinghao nodded. Although Yin Zhonglong and the others could only say that it was an intention and had not yet reached the point of reaching a formal agreement, he did not think that Fang Mingyuan
When it comes to this point, Yin Zhonglong must have reported it to Fang Mingyuan in advance.
"I hope that Samsung Electronics' expansion will be limited and not too aggressive." Fang Mingyuan said calmly, "Unless there are new fundamental breakthroughs in the future computer industry, annual growth will be limited. The company's development focus will still be on the mobile phone industry.
.Moreover, unlike other companies, we have stable digestion channels for our products. Compared with building new production capacity, I think if we build a new 12-inch wafer fab, we might as well consider acquisitions!"
Li Yinghao looked at Fang Mingyuan thoughtfully after hearing this, but Fang Mingyuan said nothing more. Li Yinghao sighed inwardly. Sometimes, he was also very conflicted mentally. He didn't want Fang Mingyuan to be too involved in the company's operations, but he had
At times, Fang Mingyuan's clear opinions can also save the company from many detours! Like this time, due to Fang Mingyuan's previous warning, Samsung Group was more cautious than other domestic companies in the face of the oncoming economic crisis.
To take your time!
Although the economic crisis has had a strong impact on Samsung Group's performance, it has also further steadily improved Samsung Group's status in the Korean economy!
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