In ordinary people's homes, in order to fight for a dilapidated house, several brothers would be beaten into pieces.
Not to mention the wealthy chaebol families, whose fights are exciting and full of drama.
Money is the only criterion for testing feelings, and this has been true since ancient times.
To live in poverty and live in peace, to help each other for a lifetime is a true relationship, but when the family is in decline and the work is divided, it is naturally a fake relationship.
Korean Peninsula
In order to fight for inheritance rights, chaebol families have endless palace dramas, and the Samsung family is no exception.
Although he was scolded by his father, Lee Jae-yong left the headquarters of Samsung Tower with an angry look on his face, and sat in a luxury car. He looked up at the top floor of the building, and the windows were still dark and silent:
Who is Jingjing?
As if a stone broke the calmness of the lake, Li Zaiyong could not let go of it in his heart, and he attached great importance to the message revealed in his father's words.
As the prince and chairman of Samsung Group, Lee Kun-hee, and the only male among his three daughters, 34-year-old Lee Jae-yong has been groomed as the successor of the consortium since he was a child, and has an unparalleled sense of superiority.
Since joining Samsung Electronics in 1991, Lee Jae-yong has now become the executive assistant of Samsung Electronics and ranks among the top executives of Samsung Electronics.
He cannot allow anyone to threaten his status, whether it is his sister or a wild woman, even... this Jingjing.
The driver asked: "Master, where are we going now? Are we going home?"
"What the hell, you idiot! Just stay here." Li Zai became angry for no reason.
"oh……"
in the office
Li Jianxi let out a long sigh and slowly turned on the light. The bright flashing light made him squint his eyes.
There is no better son than a father.
Li Jianxi has basically given up on rescuing his son who is not thinking enough.
If you are going to die badly, others can still help you.
But IQ is in arrears, and it is useless to charge up China Mobile. This disease cannot be cured.
Although Lee Jae-yong graduated from Seoul National University in Korea, went to Japan to study for an MBA at Keio University, and studied at Harvard University, his resume is very glorious.
In fact, he is a nerd who has become stupid in reading. Besides his narrow-mindedness, his IQ is severely lacking.
It has been ten years since I joined Samsung Electronics in 1991. In terms of level, I am not even as good as an ordinary clerk.
Lee Jae-yong, who was reincarnated as a young expert, is now serving as the executive assistant of Samsung Electronics. He is stumbling in his job and making numerous mistakes in his daily work.
If it were not for his identity as the prince, he would have been sunk into the bay outside Busan and fed to fish and shrimps.
Ya is so useless.
In comparison, Wang Yaocheng, the business genius who rose from China like a comet, is really a world away.
Comparing people with others will lead to death, and comparing goods with goods will lead to throwing away things.
Li Jianxi poured a glass of Japanese sake in a depressed mood, raised his head and drank it in one gulp, letting the hot liquid pour from his throat into his stomach, tasting the spicy and bitter taste.
Although Samsung Electronics’ Home Appliances Division has implemented plans to set up factories in mainland China, it will help build stronger competitiveness.
It is still unclear who will win!
However, Samsung Semiconductor Division currently has no plans to set up factories in mainland China. For the Korean Peninsula, wafer fab technology is an out-and-out high-precision technology, and they are not willing to outflow technology.
Judging from the national character, they are indeed paranoid and stubborn, a bit like never looking back until they hit the wall.
In the current competitive situation of the world market, the current situation of core enterprise Samsung Electronics is completely lagging behind its competitors, and the situation is in a precarious position.
Li Jianxi knew it clearly in his heart. Although he was anxious, there was nothing he could do.
The entire Samsung Group is like a giant ship cutting through the waves, approaching according to the established course. Li Jianxi is the captain who controls the giant ship, but there are American shipowners pressing above his head, unable to let go and use his fists.
Watching the giant ship of the Wang Consortium passing by, Li Jianxi had no power to speed up because the giant ship ran out of fuel.
Li Jianxi has a feeling:
That evil Hong Kong businessman Wang Yaocheng seems to have been staring at the Samsung Group, like a curse that he cannot get rid of.
Every move made by the Wang Family Group severely hits the critical points of Samsung Electronics, making Samsung extremely uncomfortable and unable to exert its efforts.
This nightmare feeling has been going on for four years now, and I still can’t get rid of it.
Beginning in 1997, the global price reduction of GREE Group's home appliance products opened the prelude to the battle between the two sides.
Atlantic Jinko took advantage of the Southeast Asian financial crisis to implement the same counter-cyclical growth policy as Samsung Group, greatly expanding its market share.
Shopping for price, as long as the market doesn't make a profit.
Korean-owned Samsung Electronics has the full support of the government, and Atlantic Jinko also relies on the wealthy Wang consortium, which means it can spend a lot of money.
On this point, it can only be said that the heroes have the same views.
Thanks to the strong financial strength of the Wang Consortium, major Chinese and Korean memory manufacturers paid a heavy price and gritted their teeth to eliminate the major Japanese manufacturers.
From the eight golden flowers of its glory days, the Japanese memory giants accounted for 90% of the world's DRAM memory market and seemed to have unrivaled glory.
Until now
Only a few major Japanese companies are left to work together to keep warm. Related assets are injected into Elpida Semiconductor, a single company. It has been losing consecutive battles in the international market and only accounts for less than 14% of the market share. The decline is obvious.
What Li Jianxi hates the most is:
As the three pillar industries of Samsung Electronics:
Household appliances, LCD panels and semiconductor memory have now been eliminated by two and a half by powerful competitors.
one:
Since there is no capital investment, the LCD panel division is equivalent to giving up. The LCD panel production line is aging and the investment in technology is almost zero.
two:
Glid Group is obsessed with Samsung Electronics' home appliance industry, and price wars are raging around the world.
The financial crisis has just passed, and now a number of Chinese home appliance manufacturers are involved, making life even more difficult for Samsung Electronics' home appliance division.
A tiger is no match for a pack of wolves, and this industry is considered half-broken.
three:
Samsung Electronics’ semiconductor division is having a similarly difficult time.
After finally surviving the financial crisis of 1997, by the end of 1998, the price of the international memory chip market rebounded rapidly. At most, the price soared by 60% in one day.
At this time, Atlantic Jinko took action.
The three eight-inch wafer fabs put into production during the counter-cyclical expansion period and its wholly-owned subsidiary Hynix are all at full production, balancing the market with low prices and occupying more market share.
This move really hits the seven inches.
The major memory manufacturers such as Samsung, Micron, TSMC, Elpida and Infineon are very passive, not to mention small manufacturers such as UMC, Lian Rui, TSMC, ProMOS, and Nanya.
The dream of making a lot of money was shattered, the huge profits became much smaller, and the big hole of early blood loss took longer to fill.
Subsequently, the next step of investing heavily in developing new technologies, updating manufacturing processes and expanding production capacity has undoubtedly been put on hold.
At the very least, funding will be severely affected.
Samsung's ten-inch wafer fab plan, TSMC's and Micron's ten-inch wafer fab plan were all affected and had to be postponed to 2000.
take this opportunity
The wealthy and powerful Atlantic Jinko Group put into operation two ten-inch wafer fabs in 1999 and continued to seize the market unscrupulously.
The tacit understanding of the planned price alliance has been broken time and time again by Atlantic Jinko. As the largest manufacturer in the world in terms of shipments, other manufacturers can only follow the baton movement of Atlantic Jinko.
Then, the situation suddenly got out of control.
Atlantic Jinko Group was the first to develop an advanced 0.13 micron process technology, one generation ahead of the market mainstream 0.35 micron, and quickly transformed its production line and put it into tape-out, gaining the most generous profits at the top of the pyramid.
The CPU chips produced by the latest 0.13 micron process technology have stronger performance, lower power consumption and more powerful computing power.
Intel, General Dynamics, IBM, Atlantic Business Machines, Texas Instruments, and Apple have successively become Atlantic Jinko's high-quality customers, placing high-value orders worth up to US$5.7 billion.
You know, at least half of this is pure profit.
This is the net profit after deducting the huge depreciation expenses of the wafer production plant, which makes all manufacturers jealous.
This involves a professional concept, fab depreciation.
Generally speaking
A wafer fab must complete depreciation calculations within two to three years. Depending on production and operation conditions, it cannot exceed four years at most.
In the production costs of wafer fabs, raw materials account for only a small part, and the largest proportion is depreciation expense, which is also the main reason for the losses of many wafer fabs.
The capital must be returned as soon as possible, otherwise it will be burdened with high debts, which will be extremely dangerous in business operations and will not have much ability to withstand market risks.
A wafer factory representing modern cutting-edge technology can easily cost billions of dollars.
The investment scale of the latest 12-inch wafer fab has exceeded 10 billion US dollars. If such a huge investment is not recovered as soon as possible, it will be too dangerous to participate in market competition with huge debts.
There is no need for competitors to take action, as long as you are not making money, the huge interest rollover will crush you.
Therefore, the electronic semiconductor industry in various countries around the world has government support, but the intensity varies.
The only special case is the Wang Consortium.
Relying on its strong consortium strength and corporate linkage, it can quickly create competitive advantages across the entire industry chain, which is enviable.
For Li Jianxi, he has truly found the direction for the development of Samsung Group, which is:
Embark on the development path of Wang's Consortium and create a path of linked development of the entire industry chain.
The only thing he's worried about now is:
Is there still this historical opportunity for Samsung Group to develop and grow?
As a narrow-diameter industry with high investment, high output and high risk, memory semiconductor manufacturers have launched wafer fabs. As the production process becomes more sophisticated and high-tech equipment becomes more expensive, the investment amount is getting larger and larger.
An eight-inch wafer fab only required US$800 million in investment ten years ago.
With the factory building and equipment, everything can be done.
Today, it requires an investment of up to 3 billion US dollars.
Just one photolithography machine requires an investment of tens of millions of dollars, and an evaporation machine also requires tens of millions of dollars.
Hundreds of high-tech equipment at the production site are becoming more expensive as production accuracy improves, resulting in a geometric expansion of investment scale.
The market risks are getting bigger and bigger. Who dares to launch a new wafer fab easily?
Li Jianxi dares, but it’s a pity that American bosses don’t.