The meeting between Jacob and Chen Fuyang was very smooth. They were like old friends for many years, chatting and laughing happily, and shared similar views.
No matter what happened before, Qualcomm + Avago are working together. This is the common opinion of the two people. Of course, Chen Fuyang may be more convinced of this than Jacobs.
As for the head of "New Qualcomm"...
This is not an issue that needs to be discussed at all. Jacobs did not mention this at all during the meeting. Qualcomm acquired Avago, and of course he will be the CEO. Do you have any questions?
Although I caused Qualcomm's market value to drop by US$40 billion, although I lost major customers like Apple and Yike, although I needed to face a raging antitrust investigation, and although I had to deal with a series of patent lawsuits, I learned from my father.
Since I took over the company, I should be a good CEO, right?
However, there is no need to discuss the CEO position, but Chen Fuyang’s position still needs to be discussed.
Jacobs showed full sincerity and hoped that Chen Fuyang could stay at Qualcomm as senior vice president and still be responsible for most of Avago's business.
After experiencing the hostile takeover turmoil, he also re-examined Singapore's "hillbillies". From this review, in all fairness, Chen Fuyang is indeed a very good CEO.
If Qualcomm merges with Avago, the original Qualcomm management is better at its own business. Who will the original Avago hand over?
Naturally, it was the original senior management headed by Chen Fuyang.
"Mr. Chen, you can serve as Qualcomm's senior vice president. In the future, you will not only be responsible for Avago's business, but also be responsible for Qualcomm's future investment and acquisitions." Jacob also gave more promises.
Although the acquisition of Broadcom and the acquisition of Avago have not yet been completed, the benefits and expansion brought about have inspired Jacobs to have more imagination.
As long as Qualcomm resolves its reliance on a single business and quells the turmoil of antitrust investigations, it can consider adding more capital operations for future strategic development, and Chen Fuyang has a very good resume in this regard.
Seeing that Mr. Chen across from him did not respond to his words, Jacob continued to describe: "Mr. Chen, as long as the two of us work together, our company will cross 100 billion US dollars again. In the future, we can continue to grow to 150 billion, 2000
billion, we can have more room for expansion in the global market."
As long as the companies merge, Chen Fuyang will become the main leader of a company with a market value of 100 billion or even 150 billion or 200 billion US dollars. This is definitely better than guarding a company with a market value of 20 billion US dollars.
At least, that's what Jacob thinks.
Chen Fuyang, who lowered his head slightly, raised his head, faced the slightly fiery gaze of the head of Qualcomm, nodded slightly and said: "Indeed, Qualcomm can have a broader space for development."
Jacob smiled and believed that the basis for cooperation between the two parties has been further expanded.
"But I think your valuation of Avago is still a bit low." Chen Fuyang did not discuss his future position, but instead talked about the acquisition price.
"As long as we have a consensus on the future, the price can be negotiated slowly." Jacob finalized the consensus first.
Chen Fuyang pondered for a moment, then nodded.
When he finished his communication with Jacob, Mr. Xiang described today's meeting on the phone as moving from one consensus to another.
"It's good. Everyone is working for the better development of the company." Fang Zhuo was very pleased. "Many times we have to put aside our personal honor and disgrace."
Chen Fuyang admired Mr. Fang very much for being serious like this.
Fang Zhuo was actually not very interested in how the two of them communicated. Anyway, they had to go to the shareholder meeting to see the truth. He raised the current focus: "Mr. Chen, what do you think of Apple's appeal?"
Apple also lost the case in district court and immediately appealed.
Chen Fuyang knew that Mr. Fang was actually asking about a patent dispute. He had already considered this repeatedly. Even if a new Qualcomm emerged, the interests of the original Qualcomm still needed to be maintained. As for the licensing model that Yike insisted on, it was nothing more than a price issue.
"Mr. Fang, the patent licensing between Qualcomm and Yike can be negotiated. Also, is Yike WLS willing to accept investment from Qualcomm? I think WLS's cooperation partners are not limited to Intel. If the rise of WLS is inevitable,
The conflict between the two companies is not deep-rooted."
"Qualcomm is an extremely successful company in the field of baseband. Instead of introducing Intel, we should work together to build the market, or in other words, divide the market."
Chen Fuyang put forward an idea that was in line with his position, blocking Intel's entry, and blocking Intel would veto its acquisition of Broadcom from now on.
Seeing that Mr. Fang on the other end of the phone was silent, he continued: "Mr. Fang, Broadcom is an excellent company. Instead of being acquired by Intel, it is better to wait until Qualcomm is pacified and we can dismember it together. Yike WLS can also achieve greater development."
, with such a win-win situation, why not?”
Fang Zhuo made a deep voice: "Well..."
Chen Fuyang waited for a while but did not get a more precise response. When talking about Apple's appeal that Mr. Fang asked about at the beginning: "Apple also lost the lawsuit in the local court. These lawsuits can only follow legal procedures. No matter what the final result is, I
Everyone respects it.”
If you can sue and win, you are considered powerful. If you can't sue, then you should all respect the law.
Fang Zhuo laughed and said: "Okay, now let's prepare for Qualcomm's extraordinary shareholders' meeting. The new Qualcomm will indeed be a great company."
After the call was hung up, Fang Zhuo relayed the suggestion from the Avago CEO to Ms. Yu Hong, the co-founder who flew to Silicon Valley from New York. Finally, he asked for her opinion.
"Should we cooperate with Brian or Chen Fuyang?"
Yu Hong said without hesitation: "I definitely can't cooperate with Chen Fuyang."
Fang Zhuo was a little surprised at the speed of her decision: "Why?"
Yu Hong replied matter-of-factly: "We still don't know what kind of storms Yike will face in the future. He is 'Little Fangzhuo', how can we trust his promises?"
Yike is now prospering, and it has also created a threat to Qualcomm. Now Chen Fuyang is doing well. When he takes over, if Yike changes, he may not immediately tear up the contract.
Fang Zhuo was speechless: "..."
"Moreover, I don't know who this Mr. Chen learned from to demagogue people. Does Intel need us more now, or does Qualcomm need us more?" Yu Hong said eloquently, "It took a lot of effort to create a crisis for Qualcomm. If we don't do anything,
If you let him solve things one by one, he will lose the initiative."
It is Intel that needs Yike's technical cooperation more, while Qualcomm just wants to solve the challenges brought by the combination of Yike and Intel.
Fang Zhuo sighed: "Mr. Yu can be the CEO of Yike."
Yu Hong sneered: "Do you want me to be the one?"
"What can't I do? There is nothing more satisfying than seeing your friends getting better and better." Fang Zhuo said seriously, "Leave the United States to Schroeder, and next year you will clean up the mess.
Set in Shanghai."
He continued to calculate: "Schroeder has made great achievements in the U.S. market over the years, and he is a member of the board of directors. After you became more responsible for the global market, he has been satisfactory."
"Wait, wait." Yu Hong frowned, "Are you serious? Even if Yike encounters trouble, I personally won't have any problems, so what's the rush?"
"Be prepared for any eventuality. Although I have many friends here, I still... be prepared for any eventuality." Fang Zhuo was not joking at all, "No matter what, it is still the safest place in the country."
Yu Hong's frown deepened even as she used the word "safety".
She stared at the man in front of her for a few seconds, then suddenly asked: "What's the new news from Bingxin?"
Fang Zhuo raised his head and did not hide the new news from two days ago. He announced: "The 16nm process using FinFET technology in ice core has begun risk trial production."
Yu Hong was taken aback, and a smile appeared on her face unconsciously.
This progress is faster than expected. If things go well in the future, flagship mobile phones will still be launched within this year, and once products equipped with 16nm are introduced to the market, they will definitely make the biggest waves!
However, her expression gradually became serious.
The biggest disturbance is not only the global mobile phone market, but also the attitude of Milica.
According to the news released by Intel and Taiwan Journal, Ice Core's 16nm is almost on par with Intel, which is half a step ahead of Taiwan Journal. This may be difficult to tolerate.
Many thoughts flashed through Yu Hong's mind, which finally turned into one sentence: "This is good news."
She knew best how the man in front of her worked hard for Bingxin. Looking back on some things, Yike seemed to have a better choice, but in the end, Yike and Bingxin became inseparable interests as Mr. Fang wished.
community.
A smile finally broke out on Fang Zhuo's face: "Yes, no matter what challenges we face in the future, this is good news, and it is good news that requires us to make various plans."
He walked a few steps in the office and recalled: "Dr. Liang told me that there was some technological possibility, and he thought that we could achieve the leap to 16/14nm by relying on our accumulation in FinFET. He said that maybe there would be a chance to have fun again."
Damn it, this is finally going to satisfy him."
There is still a long way to go from risky trial production to large-scale mass production, but this is already the dawn of success.
Yu Hong couldn't help but sigh: "Dr. Liang is such a genius."
The progress of ice core on 16nm is a joint effort of all, but Liang Mengsong’s persistence and guidance deserve the most credit.
Fang Zhuo rubbed his face and nodded: "Yes."
The two looked at each other, suddenly speechless.
From building the company together in Shanghai, searching for competing products in the streets, and inviting product managers to join, to now using Yike to drive ice cores to achieve breakthroughs in the manufacturing process...
This kind of earth-shaking, this kind of unprecedented...
In the past, SMIC was only a generation and a half away from Taiwan Records. Now, Bingxin is about to catch up and surpass it by half a generation...
It has been 13 years since Yike was established in 2001, and it has been 11 years since the ice core project was established at the end of 2003.
A complex yet similar emotion shook the hearts of both of them.
Yu Hong said leisurely: "I can't wait to see Yike's autumn conference."
Fang Zhuo put away his emotion and brought the topic back: "So, for the sake of safety and unnecessary trouble, you should return to China."
"Is it such unfounded worries? I'm not in the United States, and it may be more troublesome to deal with many things." Yu Hong did not underestimate her own functions.
Over the years, I have probably become the king of America.
"The breakthrough of ice core is unprecedented. It is the collision of technology and industry. It is difficult for me to predict the situation. Whether it is unfounded worry or foresight, in short, Mr. Yu, I want to transfer you back to Shanghai." Fang Zhuo said.
The leader said in a tone of voice.
Yu Hong glanced at the man in front of her and decided to say something, but she still said: "The United States still needs time to process and hand over the situation."
Fang Zhuo smiled slightly: "This is natural, don't worry too much, Yike does have a lot of friends."
Yu Hong said softly: "I think you want to use this to cut down the vassal clan, that's all. Yike is yours after all."
"Yike is ours and everyone's." Fang Zhuo thought for a moment, "Europe must also make arrangements."
Yu Hong asked: "Will Pan Ben be transferred back to China too?"
Fang Zhuo thought for a while and replied: "No, Pan Ben is more solid."
Yu Hong rolled his eyes.
Fang Zhuo took two steps, reached out and patted Xiao Yu on the shoulder: "There is nothing you can do, good brother, be loyal."
Yu Hong shook off the man's hand and turned to leave the office: "Think about your excuse for going to court tomorrow."
Tomorrow's partial retrial in the Federal District Court for the Southern District of California will require Fang Zhuo to attend.
"It's just a lot of excuses over there, so I'm going to go this time." Fang Zhuo said to Xiao Yu's back, picked up his phone, and considered whether to communicate with Intel again.
However, he thought about it and decided to wait until the acquisition plan between Qualcomm and Avago came out before continuing the conversation.
Betrayal often occurs in business cooperation, but Fang Zhuo feels that we should stick to our principles and cherish our feathers.
In the last week of July, Qualcomm and Avago were engaged in various acquisition negotiations, while the lobbying of the FTC on the other side continued. At the same time, Intel also frequently released news about acquiring Broadcom.
The mergers and acquisitions of such a giant have attracted the attention and influence of the global market. In response or echo, Nokia, which is still alive, has also spread its interest in Alcatel-Lucent.
The entire semiconductor industry is gradually showing a trend of consolidation.
On the first day of August, Qualcomm’s acquisition plan for Avago was released, with a proposed acquisition of US$26 billion in the form of 80% cash and 20% stock.
Stimulated by this news, the stock prices of Qualcomm and Avago both rose, but the magnitude was not large. Everyone has to wait and see the attitude of the review agency.
Just two days after Qualcomm officially proposed the acquisition, Intel CEO Brian came out to talk about his ideas. He believed that the acquisition of Broadcom would help Intel expand the modem, smart router and other markets and provide stronger product competitiveness.
"We are very sorry for Yike's withdrawal, but there is no doubt that Intel will still promote the acquisition of Broadcom."
Bryan released a more firm stance, and the acquisition of Broadcom will obviously be accelerated.
It was more complicated a year ago, so I haven’t made it up yet.
This chapter has been completed!