Chapter 554 American Dream
Dong dong….
A rapid knock on the door sounded.
“Come in.”
Lu Hui opened the door and walked in with a happy face.
"Mr. Xu, the number of the Presidential Office of the White House is that if you have time, please go there immediately."
"It seems that our President Bush has made a decision." He quickly stood up and said, "Let's go." The White House.”
After visiting several times, Xu Liang has become familiar with this famous heart of American power.
Going through the corridor, we soon arrived at George W. Bush’s presidential office.
"Mr. Xu, welcome."
"Mr. President."
After a brief shake of hands, the two sat down on the sofa in the reception area next to them.
After the secretary served the coffee, Xu Liang stopped talking.
"Mr. President hurriedly called me here. I wonder if the matter of 'Hynix' has already been revealed?"
"It seems that Mr. Xu values this company very much?"
Sensing Bush's temptation, Xu Liang organized his words and smiled.
“As you said, I really value 'Hynix'. As a world-renowned memory chip manufacturer, its share accounts for nearly 20% of the world. Although it is not as good as Samsung and Micron, it is also a memory chip manufacturer. A big player in the field.
If I can acquire it, it will enrich my career territory.”
Bush said with a smile.
“But as far as I know, Hynix’s debt is as high as US$16.5 billion, which is nearly double its actual value. It may be difficult to repay such a high debt.”
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"Indeed. But if it weren't for such a high debt, how could Hynix be acquired by me?"
Bush Jr. nodded.
Needless to say the importance of chip companies.
In order to suppress Japan, the United States supported South Korea's chip industry for many years, leading to the current situation.
So after he got the information about Hynix in the past few days, his first thought was to refuse.
Although after the disintegration of the Soviet Union, the "Paris Coordination Committee" that imposed a technical embargo on it was disbanded.
But in July 1996, 33 countries, mainly Western countries, signed the Wassenaar Agreement (referred to as the "Wassenaar Agreement") in Vienna, Austria.
Decided to implement new control lists and information exchange rules from November 1, 1996.
Like "Batumi", "WAX" also contains two control lists.
One is a list of dual-use goods and technologies.
It covers 9 categories including advanced materials, material processing, electronic devices, computers, telecommunications and information security, sensors and lasers, navigation and avionics instruments, ships and maritime equipment, and propulsion systems.
The other is a military product list, covering a total of 22 categories of weapons, ammunition, equipment and combat platforms.
China is also among the embargoed countries.
Hynix's chip industry is undoubtedly a technology category stipulated in the Wassenaar Agreement that prohibits export to China.
This is also the reason why Xu Liang, although he coveted Hynix, never took action.
Without the permission of the United States, even if South Korea wants to sell it, it will not pass the review of the Ministry of Commerce of each country. "Mr. Xu, the chip industry is a technology industry that is expressly prohibited by the Wassenaar Agreement and cannot be exported to China, so I am very embarrassed by your request."
"Mr. President, Wassenaar Agreement The content of the Senna Agreement prohibits the export of top electronic device technology to China, but Hynix’s technology is not comparable to top companies such as Samsung and Micron, so it should not be banned.
Secondly, Hynix’s development depends on it. The lithography machines produced by AMEX, Nikon, Canon and other companies are extremely dependent on the upstream and downstream industrial chains. ”
Xu Liang’s meaning is very clear, Hynix is easier to control.
After thinking for a while, Bush Jr.
"Mr. Xu, if you are willing to become an American citizen, I will immediately agree to your request."
"Mr. President, I have great respect for the United States and admire the United States' contribution to human development. I have made outstanding contributions, but I am a businessman after all, and what I pursue is profit.
Business in the United States has been developing for hundreds of years, and all walks of life have long been monopolized by the powerful. I, a Chinese, joined in and thought. It is too difficult to achieve great achievements.
On the contrary, China has only been reforming and opening up for ten years, and no monopoly giant has been formed in all walks of life. With my ability and capital, it is easier to succeed in China." Xu. good way.
"Mr. Xu is not afraid that his assets in China will be confiscated in the future?"
"That's why I plan to acquire Hynix."
Bush looked at the man in front of him with deep eyes. Unfortunately, there was nothing strange about the other person's face.
After pondering for a moment.
“So, Mr. Xu acquired Hynix to find a way out for himself in the future?”
"There is this idea, but more and more people are optimistic about this industry. As computers are updated and their performance gets better and better, the market will become bigger and bigger, and every computer needs memory chips. This is an ongoing issue. The expanding market.
I hope to get a share of it in the future.”
After Bush pondered for a moment, “Mr. Xu, where will Pacific No. 1 Fund invest after raising funds again? ”
Xu Liang was stunned for a moment and quickly reacted.
Bush is obviously still hesitant.
"The amount raised this time is relatively large, and it is difficult for a simple stock market or bond market to accommodate such a large amount of money. Therefore, I want to invest separately, half in the stock market and half in the bond market.
The stock market will include the Internet. High-tech stocks are the mainstay. Internet companies that have survived the NASDAQ gold rush have great investment value.
As for the bond market, it benefited from the "U.S. Policy" formulated by Mr. President in April this year. "Dream Down Payment Law", American real estate will usher in greater development, so we will invest in corporate bonds in the real estate industry chain."
When talking about the "American Dream Down Payment Law," we have to mention it. I have written about George W. Bush’s tax cuts before.
In 2001, the United States was suffering from the crisis of the Nasdaq bubble collapse.
From 2000.3 to 2002.9, the Nasdaq plunged 75%, and the largest technology investment boom in history initiated by President Clinton came to an end.
At that moment, the disappointed public opinion naturally turned to embrace the Republican George W. Bush.
Bush Jr. is the son of President Bush Sr. He has double degrees from Yale and Harvard. He has been the boss of an energy company and also ran a Texas baseball team.
He has a healthy image, often participates in marathons, is the son of the president and the owner of a baseball team, and is active in the media, so he is very popular.
With this popularity, he was elected governor of Texas in 1995. During his term, he implemented a tax reduction of US$2 billion, the largest tax reduction policy in Texas history. A high number of votes wins re-election.
In 2000, when the economic crisis was raging, he entered the national presidential election and once again used the tried-and-true "tax reduction" slogan.
This resume and political platform cannot be said to be very similar to the policy policies of Bush Sr. and Reagan at that time, but they can only be said to be exactly the same.
His political platform combines Bush’s high education and business experience with Reagan’s people-friendly image and governorship experience, and can successfully evoke people’s fond memories of the 1980s. There is no doubt that he has a powerful political platform. of lethality.
(End of this chapter)