Chapter 353 Hynix’s Past and Present Life
When Xu Liang excitedly came to the bedroom with Sun Mingzhen in his arms, he couldn’t help being dumbfounded.
On the three-meter-wide bed he specially bought, Sun Yanzhen was lying on it.
Xu Liang quickly braked, "Yanzhen, why are you here?"
Sun Yanzhen's pretty face turned slightly red, biting her lips and saying nothing.
Sun Mingzhen hugged his neck and said softly.
"Oppa, Yan Zhen and I are planning to follow you."
Xu Liangliang felt a thump in his heart.
A rush of blood surged to my head.
“Really...?”
"If it wasn't true, why would Yan Zhen be here?" Sun Mingzhen said coquettishly.
When Xu Liang heard this, he felt like his whole body was on fire and he hooked his right foot.
Bang, the door closes.
Xu Liang rarely forgets his biological clock at five o'clock every morning.
It wasn't until three o'clock in the morning that I slowly opened my eyes.
Looking at the two beauties sleeping soundly in his arms, one on the left and one on the right, he felt proud and couldn't help but reminisce.
Since his rebirth, last night was the most enjoyable time for him
Looking at the time, Xu Liang quietly got out of bed.
After a night of activity, he was exhausted and in urgent need of supplements.
Wait for the door to close.
Sun Mingzhen, who had woken up, opened her eyes.
But soon a look of worry appeared on her pretty face.
"Ouni, does it have to be like this?"
Sun Mingzhen affirmed: "His achievements are getting higher and higher, and the women who appear around him are getting better and better. I I'm afraid that I can't keep him alone, so I can only ask you to come with me.
We sisters will definitely get rich if we work together. ”
Sun Mingzhen's eyes were full of desire.
The more you get, the more you fear losing.
As a woman, especially a very ambitious and smart woman, she knows very well that beauty alone cannot attract a man for long.
After all, no matter how beautiful a woman is, there will be a day when her pearls turn yellow.
For truly top men, beauty is the least valuable thing unless it is truly beautiful and irreplaceable.
Sun Mingzhen knew very well that although she was beautiful, she was not so beautiful that she could confuse all sentient beings.
In order to consolidate her position, she originally thought of having a child.
But there was no movement in her stomach.
After much thought, I had to bring my sister in too.
My sister is prettier and younger than me.
The mind is also simpler.
The two of them work together to double their attraction.
Facts have proved that her choice was right.
She has never seen Xu Liang as excited as he was last night.
——
At nine o'clock in the morning, Lu Hui came to the main building from the guest room on the podium of the villa. Looking at the proud Xu Liang, she couldn't help but ask.
"Mr. Xu, what happy thing happened, your face is so red?"
"Haha, it's always a good thing."
"Can you tell me about it?"
The two have been working together for a long time. After understanding Xu Liang's character, Lu Hui's scruples have become much less. Apart from daily work, they are no different from ordinary friends.
"Let's wait and see when you find a boyfriend."
After saying that, he took the breakfast from the servant and started to devour it.
He consumed so much last night that he can eat especially well in the morning.
The breakfast for three people made by the servant was quickly cleared away.
“Make two more copies for later use.”
"Okay, Mr. Xu."
Wiped his mouth and looked at Lu Hui next to him.
“Have you eaten?”
“I have already eaten.”
Xu Liang nodded, “Is there any news from SK Group?”< br>
"Mr. Cui Taiyuan personally sent an invitation letter, asking you to visit SK Group."
"Reply to the other party, we will go on time tomorrow morning."
"Okay."
After eating and drinking, Xu Liang went to the study to handle today's work.
Although sisters are nice, they must not forget about business.
First, I clicked on the Naver portal and browsed today's news.
Because of Hongmeng’s localization strategy, except for a few major international news, most of the portal websites are local news in South Korea.
There are a lot of bullshit and ruinous things. After a brief look, my attention was quickly attracted by a piece of business news.
"With debts of US$17.5 billion, creditors led by the South Korean government and the Korea Exchange Bank push for the sale of Hynix"
"Hynix?" Xu Liang was moved.
This is a later generation semiconductor giant, with revenue reaching US$36.326 billion in 2021. It is the third largest semiconductor company in the world, second only to Samsung and Intel.
However, he only knew about the later Hynix, and did not know much about the Hynix of this era.
After hurriedly clicking on it, a large amount of content appeared in front of me.
The news content was very detailed and gave Xu Liang a basic understanding of Hynix’s past and present life.
In the 1970s, DRAM memory was just born. American companies such as Intel and Mostek took turns to dominate the DRAM market, and Japanese companies were also waiting for opportunities.
Hyundai Electronics was established in 1983, which was also the predecessor of Hynix.
As South Korean companies such as Samsung, Hyundai Electronics, and LG Semiconductor have entered the DRAM market, production capacity has begun to overcapacity and industry profits have declined severely.
Due to the collapse of the game console market from 1983 to 1985, the DRAM market dropped to less than 10% of the previous level, and manufacturers such as Intel and National Semiconductor successively exited the market.
In the mid-1980s, Japanese companies relied on low costs and excellent technology to suppress American companies and dominate the storage market.
At this time, South Korean companies were basically in the role of followers. Among them, Hyundai Electronics obtained key technologies from Texas Instruments and other companies in the United States through OEM manufacturing, and completed the mass production of 64KDRAM in 1986.
At this time, the strength of the United States was severely damaged in the Vietnam War, and then the Bretton Woods system, which was achieved through all the hard work, collapsed. After the U.S. dollar became the U.S. dollar, the internally weak United States shed tears watching the increasingly strong Japanese brother. Greedy saliva.
The slogan "Japan's No. 1" even touched Uncle Sam's sensitive nerves.
I am fighting in the front to defend the free world, but you are hiding behind and waving the flag and reaping the benefits?
This is simply unreasonable.
Start slaughtering.
The rough and arrogant old gangster led a group of European boys and ravaged the Japanese singer.
Plaza Agreement, freshly released.
After the agreement was signed, the yen began to appreciate.
‘Japan’s No. 1’ has completely become a thing of the past, and the lost thirty or forty years are slowly coming.
But the old gangster always has more than one way of robbing.
Not long after the Plaza Agreement was signed, the U.S. Department of Commerce also launched a Section 301 anti-dumping investigation. The following year, the U.S.-Japan Semiconductor Agreement was signed, forcing Japan to open its chip market.
Although Japanese manufacturers still have the technological advantage at this time, their low-price strategy has lost its magic.
Benzi failed, and Bangzi, across the sea, saw an opportunity.
Relying on the abundant financial resources of chaebols, four South Korean manufacturers, Samsung, Hyundai, LG and Daewoo, invested more than US$2 billion in the 1980s, which is equivalent to tens of billions of US dollars today, and began to catch up with Japanese companies in technology.
In addition, the old gangsters also began to support the South Korean semiconductor industry out of a strategy of differentiation and balance.
Of course, there is also the reason why Benzi committed suicide.
After entering the 1990s, the lithography machine technology of Dutch lithography machine supplier ASML began to surpass Japanese Canon and Nikon.
Micron and Samsung have successively replaced ASML lithography machines, and Hyundai Electronics has followed suit and adopted ASML lithography machines.
Because Japanese DRAM manufacturers insist on using Canon and Nikon photolithography machines, they will never look back.
The gap between South Korea and Japan in terms of technology and cost has gradually widened, and it is getting wider and wider.
After the outbreak of the Asian financial crisis in 1997, due to the excessive debt ratio of South Korean enterprises, insufficient foreign exchange reserves, and tightening debt in Europe and the United States, the Korean won plummeted 60% within a few weeks at the end of the year. Although the South Korean business and financial sectors were in misery .
However, the depreciation of the Korean won has greatly enhanced the export competitiveness of South Korean companies.
In 1998, the market share of South Korean DRAM companies exceeded that of Japan for the first time.
In order to promote the competitiveness of South Korea's semiconductor industry, the South Korean government merged Hyundai Electronics and LG Semiconductor in 1999, with Hyundai Electronics owning a majority share.
The merger brought nearly $14 billion in debt to Hyundai Electronics, with a debt-to-equity ratio of 160%.
In 2001, Zheng Zhouyong, the founder of Hyundai Group, passed away.
The descendants of the Zheng family, who were originally in harmony with each other, quickly staged a wonderful drama of "eight sons seize the title, and three families are divided into Jin".
After a fierce battle, the second eldest son Zheng Mongjiu took away Hyundai Motor, the most important asset of Hyundai Group.
The sixth son Zheng Menghuai left Hyundai Heavy Industries, which is second only to Hyundai Motor.
The third child, Zheng Menggen, left Hyundai Department Store.
The fourth child, Zheng Mengyu, left Modern Aluminum.
The seventh child, Zheng Mengyun, took out Hyundai Marine Fire Insurance.
The eighth child, Zheng Mengyi, left modern corporate finance.
Zheng Mengxian, who was originally the heir to the throne, saw the huge Hyundai Group being turned into an empty shell by several brothers. He was anxious and finally committed suicide by jumping off the building.
Counting the eldest son Zheng Mengbi who died in a car accident, and the fourth son Zheng Mengyu who later committed suicide by taking poison.
The death of eight sons to three is no worse than the ancient battle for the throne.
Hyundai Electronics had too much debt and no one wanted it, so it took advantage of the collapse of Hyundai to separate itself and changed its name to 'Hynix'.
Unfortunately, the name change did not change Hynix’s business conditions.
Around 1999, competition in the DRAM market had become fierce, and product prices were close to production costs.
It didn't make much money to begin with, but then the Internet bubble burst and DRAM prices collapsed.
According to IDC data, while DRAM capacity demand increased by 56% in 2001, DRAM prices dropped by 46%. The DRAM market in 2001 is expected to be only US$23.8 billion, a decrease of 18% compared to 2000.
Under such market conditions, Hynix lost US$2.5 billion, was unable to repay its loans, and its asset-liability ratio was as high as 206%.
Considering the huge forward capital expenditure needs of the semiconductor industry, the South Korean government and creditors led by the Korea Exchange Bank began to promote the sale of Hynix.
So there is this news that Xu Liang is seeing now.
Are you excited?
It’s so exciting.
If you win Hynix, you will get the key to enter the fields of chips, memory, and flash memory, and these will be China's weaknesses in the next twenty years.
In the current international environment, the fact that he is Chinese-funded will not cause much hindrance.
(End of this chapter)