Reinventing the Millennium

Chapter 933 Qimonda goes bankrupt (4k)

In Silicon Valley, Kong Yu really had a good rest for two days.

In his heart, he still has the majestic aftertaste of the financial crisis, and he is also a little sad because he is not very free.

But on the day he was scheduled to attend a dinner for Silicon Valley bosses, Kong Yu suddenly became curious. He put down his glass of red wine and arrived at Yike Silicon Valley R\u0026D Center in the morning. He was first trapped in the fingerprint lock for ten minutes, and then witnessed the boss's whole day. work.

There were two meetings in one morning, one was the Double Eleven event of the domestic e-commerce website, and the other was the summary meeting of the Domestic Ice Core Service Alliance. The lunch time between and after the meetings was filled with documents.

In the afternoon, Mr. Fang happily played with competing mobile phones on the market with the R\u0026D center team, discussed ideas for future products, and also solicited opinions from the Silicon Valley Center on department restructuring.

In the evening, Kong Yu went to the office first and waited for his boss to answer the last-minute call.

It is still the familiar Biluochun.

But Kong Yu's mood for drinking tea this time became a little different.

Mr. Fang, you are living an ordinary life these days...

Kong Yu felt that he was close to depression for a while. He would often sleep in New York tonight and go to the Louvre Museum in Paris to see famous paintings the next day. It is true that the work pressure is high, but his life is still free and easy.

Mr. Fang, this, this, this... where does this come from so much energy?

Half an hour later, when Kong Yu saw his boss hurried into the office, the first thing he did was grab his clothes and said "go".

"Mr. Fang, doesn't it start at eight o'clock?" Kong Yu immediately picked up his clothes and followed him out.

"An old friend arrived earlier, and Stringer from Sony also came to join in the fun. I just happened to chat with him about some cooperation matters." Fang Zhuo said with a smile.

Kong Yu followed the boss with his head sullenly. When the three cars were in their seats, he got on the car and couldn't help but asked: "Mr. Fang, you have been working from morning to night, aren't you tired?"

After saying this, he felt that it seemed inappropriate and added, "If it were me, I definitely wouldn't be able to sustain such intensity of work."

Fang Zhuo looked at Kong Guangtou in surprise: "Are you feeling ill?"

"Ah no, I mean work pressure." Kong Yu said quickly.

"Work pressure... although there is a lot of competition in all aspects, it's not bad." Fang Zhuo thought for a while, and somewhat understood what Mr. Kong was talking about, "Your job is to look at numbers all the time, and I can feel the more substantial ones. Variety."

He smiled and said: "Mr. Kong, you have done a good job. As far as we are concerned, you are really good, but you have to look forward like me. As soon as you raise your head, there is Buffett in front of you. , the same goes for me, I looked forward and saw that Nokia was still alive and the reporter was still far ahead."

"You, just set a goal for yourself. When will you become the Buffett of the new era? If you are no longer interested, just think about something else."

Fang Zhuo chatted: "The world is so big, the market is so broad, and there are so many opportunities. You have to take advantage of this good era to do more. When did you become a benchmark? With a wave of your hand, capital is pouring in. How interesting is that? , Mr. Kong, do you think so?"

Kong Yu felt that his boss was... filling him with ecstasy soup again.

"There is nothing wrong with your body, but your mental state may be a little sluggish. The needs of customers are still very strong, so you can't be content with being ordinary." Fang Zhuo glanced at Mr. Kong and saw that he didn't take it seriously, so he could only say, "This You won’t be able to quit in a few years, so it’s better to do more.”

Kong Yu felt that the boss finally said what was in his heart!

The short selling is basically over, the business in Europe needs to be paved and observed, and the MIGA fund, which has been silent on the surface, is about to make a comeback.

The market is now extremely panicked, and many high-quality assets have prices that are clearly inconsistent with their actual value.

When others are afraid, this is the time to be greedy again.

Also, for the upcoming disposal of toxic assets, the MIGA fund does not need to appear so openly, but it does not need to be separated by many layers. It just needs to protect the privacy of customers.

Kong Yu's thoughts began to wander again.

Fang Zhuo did not continue the conversation and began to think about his own affairs.

As a foreign director of Sony, although he had not cared about the group's situation for a while, the old Jazz still lived up to his expectations and brought the group to losses.

But can you blame Stringer?

It’s a big environmental problem!

Fang Zhuo wanted to help his old friends solve their problems and increase the shareholding ratio of Shanghai Factory No. 3, which Bingxin cooperated with Sony.

Previously, Bingxin operated the fab on a 50% + 1 share basis. Sony, after several considerations, spun off the sensor department and established a subsidiary to hold 50% of the shares.

This cooperation has been going well. Sony’s foundation in sensors is still very deep, and with the concentration of energy, there is an increasingly better trend.

Sony successfully turned a profit last year, and this year Sony successfully turned a profit into a loss.

Fang Zhuo guesses that it’s not feasible to buy Sony’s New York building now, but maybe it’s possible to eat some sensor meat.

At 6:30 in the evening, Stringer, who arrived in Silicon Valley early, looked a little haggard.

When Fang Zhuo saw Stringer, he made the most sincere suggestion: "Jazz, come with me to make Android. I heard that Sony Ericsson has suffered a lot of losses, and our Android now lacks a strong leader."

He had mentioned this to the old knight a long time ago and had noticed it a long time ago...

Stringer asked with a smile: "Don't you already have Samsung for Android?"

"Sony Ericsson is no worse than Samsung, so why bother doing WM with Microsoft." Fang Zhuo persuaded.

Stringer still smiled and shied away: "You have to ask Miyamoto to make decisions about mobile phone products. I will not refuse to cooperate with Microsoft, nor will I refuse to cooperate with Google."

"Next time I go to New York, I will definitely call Miyamoto and let him listen to my sales pitch." Fang Zhuo shook his head slightly. He had long noticed that... Stringer, as the head of Sony, was arrogant.

He would rather prefer Microsoft, which has long been a giant, to use its WM system, rather than easily try Android, which is a new system.

Fang Zhuo's sincerity only goes so far.

He briefly talked about the current work of Sony sensors and found that the old jazz was not very familiar with this aspect, so he had to popularize some information first and save a topic for later discussion.

Stringer's visit to Silicon Valley is also a social event, and the real topic is today's dinner.

This dinner was a private gathering involving many technology giants in Silicon Valley. Google's Schmidt, Oracle's Ellison, Twitter's Dorsey and others were among the guests. It is said that there were discussions on stimulating economic growth and Discussion on the topic of increasing employment.

Fang Zhuo felt half and half about his invitation this time. Yike Mobile has suddenly emerged and also holds shares in Twitter. The fund is also helping Xiao Ao no longer have to give speeches for money or take photos for knife fun. This There is a personal friendship.

By the way, he also recommended Mr. Kong and launched another wave of new fund client activities. The core clients of Xiao Ao, Geithner, and Summers will definitely be very busy in the future, and they can directly use it to maintain the relationship between them. The numbers speak for themselves, but we still need some people who can play golf without any problems, and they probably need to be selected from Xiao Ao's team.

Fang Zhuo put aside his losses and strategy in the banquet hall and had a good chat with the old knight.

Soon, with the arrival of Schmidt, Zuckerberg and others, everyone's topic gradually began to focus on the current economic situation.

Fang Zhuo listened a lot but had no sense of presence.

When Xiao Ao, Lu Peining and others arrived at the restaurant, the atmosphere of the discussion reached its peak.

Fang Zhuo took advantage of their exchange to chat with Lu Peining, a Chinese-American and Xiao A's core staff. The relationship between them was not too enthusiastic, but they were not cold either.

This was not the first time Kong Yu saw Xiao Ao, but his feeling changed suddenly when he saw him this time.

This is the person who just won this month!

"Buy Google stocks from now on and see how radiant Schmidt looks." Fang Zhuo and Lu Peining laughed, then turned to Kong Yu and said, "right, Mr. Kong?"

Kong Yu was a little distracted just now and didn't participate in the boss's topic in time, but when he heard this sentence, he immediately nodded and praised: "In the current financial crisis, our fund is very cautious in making moves, but Google's prospects are definitely very good, and it is worth it." A long-term hold.”

Lu Peining smiled and said: "I don't understand this kind of thing, but I know..."

He complimented: "The cooperation between Google and Yike is very dazzling, and Yike's stock is definitely worth holding for the long term."

Fang Zhuo laughed loudly: "I will do my best to do this. Yes, Yike's sales are very good this quarter. We are waiting for the Christmas promotion next month. Although the economy is in recession now, it will definitely pass. , Yike’s stock will rise very well in the future.”

Lu Peining nodded in agreement.

According to his observation, the mobile phone industry seems to be undergoing profound changes, and Yike is very competitive.

"Mr. Kong, then you remember to buy more stocks in Google and Yike first, and then use the remaining money to buy other companies that came today." Fang Zhuo ordered jokingly.

Kong Yu felt that part of his work was being activated.

He quickly talked a few words about MIGA Fund's value investment philosophy in Lu Peining's half-smiling eyes, saying that we should invest in value and not engage in price speculation...

The dinner went smoothly, and the accompanying assistant took photos for everyone.

Fang Zhuo only had a brief chat with Xiao Ao at the end. He insisted that globalization is a good way to deal with the financial crisis.

Kong Yu was relatively far away at this time. He didn't know the content of the chat between the boss and this person, but just looking at the scene felt quite magical.

But it seems hard to say what kind of magic method it is.

Everyone makes money by seeking common ground while reserving differences.

At half past ten in the evening, the dinner ended.

Fang Zhuo's pleasantries with everyone he knew or had just met also allowed Mr. Kong to maintain a relatively independent attitude towards himself.

When everyone left and Fang Zhuo was about to get in the car, Kong Yu suddenly received the latest news on his phone. Just as he was about to inform his boss, his secretary Liu Zonghong on the other side had already reached his ear.

"No way? So soon? Qimonda filed for bankruptcy just like this?"

Fang Zhuo was surprised.

Liu Zonghong nodded seriously. This is the latest news just announced by Qimonda in Germany. It submitted a bankruptcy application to the Munich District Court.

Kong Yu couldn't help but curse, it was indeed fast, but the reason why it was so fast...

Fang Zhuo said regretfully: "The environment is really not good. Let's go and get in the car."

The car started slowly.

Fang Zhuo flipped through his address book, looking for the phone number of Mr. Luo, the head of Qimonda.

He called and was on the phone.

"Qimonda filed for bankruptcy like this, which really makes people unprepared." Fang Zhuo held his cell phone, "The problem is, Qimonda really has no explanation for the arrears of OEM fees, and the bankruptcy has notified us at all. One sound."

"Qimonda's funding gap must be unexpectedly large." Kong Yu made a short call on Qimonda and naturally studied its situation. "Several foundries it cooperates with in Asia have suffered due to the collapse of DRAM prices. And with huge losses and now no funds, it is really unsustainable.”

"The most important thing is that Infineon is unwilling to spend money to save lives. If Infineon itself doesn't save lives, how can others dare to pay for it."

Fang Zhuo has expectations for Qimonda's bankruptcy, but has no estimate for the time.

Thoughts were running through his mind. Qimonda, the light of European memory, was the first to fall. This was undoubtedly the beginning of a reshuffle in the DRAM industry.

What does this mean for ice cores?

Should we quickly spin off Lin'an No. 2 Factory and operate it independently?

Bingxin's core business is wafer foundry with advanced processes. The memory is separated by a layer, and the development of the two sides is also different.

Just as he was thinking about it, there was a call back from Mr. Luo Jianhua.

"Mr. Luo..." Fang Zhuo pressed the answer button and sighed, "Mr. Luo! You, you!"

Luo Jianhua had no voice.

Fang Zhuo sighed: "Hey, Mr. Luo, you are really...well, you really haven't encountered a good environment."

When Luo Jianhua heard this sigh from Mr. Fang, he couldn't help but sigh: "Mr. Fang, I'm sorry for you."

He knew very well what it meant for Lin'an Factory to cut orders on a large scale.

Fang Zhuo knew what Luo was always talking about. He wanted to scold the other party, but thinking that he didn't deserve it, he forgot about it and just looked forward.

"Is Qimonda really irreversible?" he asked.

Luo Jianhua used his last glimmer of hope to ask: "Can Bingxin or Yike come up with funds?"

Fang Zhuo replied decisively: "If we can't get it out and the environment is not good, who dares to use life-saving liquidity at this time?"

Luo Jianhua asked for help from several companies for the same reason. Who dares to take money during the economic crisis?

He could only answer the last question bitterly: "It's irreversible. Germany is unwilling to acquire our shares and has clearly refused. Infineon is unwilling to take the money, and the banks are unwilling to lend. Everything is gone. Now We are also facing huge losses.”

Fang Zhuo was silent for a while and asked: "My side..."

"Mr. Fang, don't worry, Qimonda will auction its assets after going through bankruptcy proceedings, and the OEM fees will be settled." That's all Luo Jianhua could say.

Fang Zhuo changed his mind and continued: "No, Mr. Luo, I am not asking you about the OEM fee. I want to ask you, since Qimonda is irreversible, have you considered developing in the mainland?"

Luo Jianhua was stunned, this...

He thought for a few seconds and finally said: "I have not considered future issues for the time being. I want to handle Qimonda's bankruptcy."

"Yes, I know. I'm just very sorry. It's obviously an environmental problem." Fang Zhuo said regretfully, "In this case, Mr. Luo, you deal with the Qimonda matter first. I will probably go there with the mainland chamber of commerce next month. We can talk about it when we visit Europe.”

Luo Jianhua suddenly felt a sense of comfort. Even though Qimonda was bankrupt, people like Mr. Fang still recognized him.

"Mr. Luo, be strong and come on." Fang Zhuo gave him the final encouragement.

Luo Jianhua thanked him and ended the call.

Kong Yu, who was listening to the call next to him, was a little shocked: "Mr. Fang, is Mr. Luo invited to Ice Core?"

"Qimonda has collapsed, but Qimonda's patents are still there. What if Mr. Luo is willing to provide more convenience in the process of disposing of the patents and let him come to the ice core." Fang Zhuo sighed, "After all, the general environment is not good Well, you can’t blame him entirely.”

After all, the general environment is not good. Otherwise, if Qimonda's patent tries to reincarnate in the dirty land, the environment here may be better.

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